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Why is Switzerland declared the best country in the world?

Switzerland has been ranked as the top country in the world for the third consecutive year and the seventh time overall, according to the 2024 Best Countries Report. 

Rankings Scorecard

Source: U.S. News & World Report,

Best Countries 2024

Rankings Scorecard

Source: U.S. News & World Report,

Best Countries 2024

 

Sub ranking

Country rank

Adventure 

No.15

Agility

No.11

Cultural influence

No.8

Entrepreneurship

No.5

Heritage

No.29

Movers

No19

Open for business

No.2

Power

No.20

Quality of life

No.3

Social purpose

No.7

 

The ranking is based on a survey of nearly 17,000 global respondents who evaluated 89 nations across 10 subcategories, including heritage, cultural influence, power, and social purpose.

Switzerland, renowned for its stunning snow-covered landscapes, combines European charm with breathtaking natural beauty. Its medieval towns, iconic landmarks, majestic Alps, and serene lakes create a picturesque setting that draws travelers worldwide.

 Whether you’re seeking a cozy, peaceful retreat or adrenaline-pumping adventures, Switzerland offers a rich, multicultural experience that feels both timeless and modern. This country’s blend of history and nature makes it a top destination for those craving both cultural immersion and outdoor exploration.

A small, landlocked nation, consistently ranks among the highest for quality of life, economic stability, and overall prosperity. Its long-standing policy of neutrality, renowned efficiency, and commitment to sustainability contribute to its global reputation. 

With a unique blend of urban sophistication and unspoiled natural beauty, Switzerland offers residents and visitors alike an unparalleled standard of living, by making it one of the most desirable places to visit or live.

Reasons of Switzerland being a best country

Following are the reasons why Switzerland is considered the best country?

Economic Stability

Switzerland’s economy is boosted by the stability of the Swiss franc and its low unemployment rates, supported by strict fiscal policies that ensure budget surpluses, low inflation, and minimal public debt. Even during global economic downturns, Switzerland remains resilient, suffering less impact than many other nations.

 This success is driven by a highly skilled workforce that concentrated in high-value sectors such as financial services, life sciences, and precision manufacturing. Additionally, Switzerland’s political neutrality, robust infrastructure, and commitment to innovation further reinforce its economic strength and global competitiveness.

Remarkable infrastructure

Switzerland stands out for its exceptional infrastructure, with top-notch roads, airports, rail systems, reliable power, and high-speed internet. Zurich and Geneva airports are renowned for their efficiency, offering short wait times and extensive international connections. The country’s roads, bridges, tunnels, and railways are meticulously maintained, supported by consistent public investment. Nearly 100% of the population has access to clean drinking water and universal electricity, while infrastructure spending as a percentage of GDP ranks among the highest globally. This world-class infrastructure not only facilitates business but also elevates the quality of life.

Mesmerizing beauty

Switzerland’s breathtaking landscapes, with its snow-capped Alps covering 60% of the country, make it a globally renowned destination for vacationing and cultural exploration. The country features 14 mountains over 4,000 meters, around 1,500 lakes, and unspoiled scenery filled with picturesque villages and lush pastures. From the towering Alps to the Jura Mountains on the French border, Switzerland’s rich biodiversity and easy access to nature significantly enhance its quality of life.

Low Tax ratio

Switzerland is known for its relatively low taxes by allowing residents to retain more of their income compared to other developed countries. Income tax rates, varying by region and income, typically range from 1% to 13%, much lower than the 10% to 37% range in the US. Additionally, Switzerland doesn’t impose taxes on capital gains or assets like cash, securities, or stock dividends that contribute to the country’s high living standards.

Great Healthcare facilities

Switzerland’s universal healthcare system is renowned for its quality, affordability, and flexibility by offering mandatory insurance with options from private providers. Though out-of-pocket expenses like co-pays and deductibles can be high, overall costs are lower than in the U.S. and lead to superior health outcomes, including a high life expectancy. Despite high per capita spending, the system consistently ranks among the world’s best. 

Great education system

Education in Switzerland is known for its affordability compared to the U.S., with a focus on high standards and active learning methods. The country boasts a 99% literacy rate, strong international rankings, and ranks third globally for education spending per student. 

Switzerland’s education system emphasizes vocational training and apprenticeships, fostering strong ties between schools and employers. It is home to prestigious institutions like ETH Zurich and IMD, with 25% of the population holding tertiary degrees. Though tuition for international students can be high, the quality of education remains exceptional across all levels.

Living standard

Switzerland is consistently ranked as one of the best places to live due to its exceptional quality of life, combining economic prosperity, safety, and natural beauty. Cities like Zurich and Geneva regularly top global living surveys. The country excels in areas such as jobs, income, housing, healthcare, education, and environmental quality, according to OECD rankings. 

Almost all Swiss households enjoy modern conveniences like cars and high-speed internet, while an efficient transport system makes commuting and accessing amenities easy. Switzerland’s strong economy and livable cities contribute to its high standard of living, which is further enhanced by its political stability, high wages, and excellent public services.

Security system

Switzerland is known for its exceptionally low crime rates, particularly regarding violent crime, which is significantly less common than in other industrialized nations like the US and UK. Swiss cities consistently rank high in personal safety, aided by stringent gun control laws and proactive measures to prevent terrorism through monitoring and investigations. 

Additionally, the country is well-equipped to manage natural disasters, with mandatory building codes, emergency shelters, and effective warning systems in place. Switzerland’s neutral political stance further contributes to its overall stability and peace.

Conclusion

In summary, Switzerland’s blend of economic stability, high quality of life, and strong governance creates a thriving environment for both citizens and businesses. Its commitment to prosperity and access to nature makes it a model nation, appealing to locals and expats despite its high costs.

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