News : Economic situation

For the second consecutive year, 2021 was marked by Covid-19 and its impact on the economy of Switzerland and Geneva. The pandemic affected some sectors more than others. Banking and finance was one of the sectors that proved to be remarkably resilient.

Genève bénéficie d’un tissu économique solide qui génère des recettes fiscales considérables, vitales pour les finances publiques. C’est la raison qui conduit l’agence Standard & Poor’s à noter favorablement le canton. Le dynamisme genevois est toutefois à la merci d’une rupture d’un équilibre fiscal très fragile.

Document only in French

2022 constituera une année cruciale pour la compétitivité fiscale de la Suisse. L’attractivité de notre pays pour la création d’entreprises et l’innovation dépendra de l’application de la taxation mondiale des multinationales, de la suppression du droit de timbre d’émission et de la réforme de l’impôt anticipé.

Document only in French

The banking sector is a strong pillar of the economy and a major contributor to Geneva's GDP (13%). The financial institutions are in good health: they have seen their profits increase and have attracted significant net inflows of funds in the first half of 2021.

The results of the 2021–2022 Business Survey indicate that the Geneva financial centre was among the sectors that proved most resilient during the Covid-19 pandemic crisis.

This activity report provides an overview of the main issues that were addressed by the Geneva Financial Center in the past 12 months. Last year’s most noteworthy event will surely be the impact of the Covid-19 pandemic. It has affected all aspects of banking and financial sector activity.