The financial sector generates 37,900 jobs and accounts for 12.4% of Geneva's GDP. It has three main pillars: private and institutional wealth management, commodity trade financing, and commercial and retail banking. With the presence of activities such as marine freight and inspection, Geneva has emerged as an economic cluster with a unique concentration of skills. The central mission of the Geneva Financial Center is to support this value chain and contribute to the development of an optimal business environment for all financial center partners. A strong financial center benefits the entire economy as well as the population of Geneva as a whole.