Lausanne's economic clout
The Lausanne region is buoyant, home to some 170'000 jobs, mainly in the services industry. Regional GDP in Lausanne is estimated at around CHF 20 billion Swiss francs (20 billion US dollars), equivalent to CHF 63'000.– per capita (USD 63'000.–). It represents 4% of Switzerland’s GDP. Over the past 10 years, real growth has hovered around 2% per year on average.
The competitive Lemanic Arc
The financial and insurance, telecommunications and life sciences sectors are all about productivity. The knowledge economy has a high potential for development thanks to the high competitiveness in the Lemanic Arc (Lake Geneva region) where forecasts for the next few years are at a moderate but steady population growth of 1% per year. Prevalent in urban areas, unemployment in Lausanne, which has fluctuated at around 5% over the past 10 years, is above the national average (3%).