The Swiss have one of the highest standards of living in the world. There are few natural resources within the borders, nevertheless, the country has developed profitable economic activities. The Alps cover more than half the land in Switzerland; this hilly land makes it difficult for crops to grow. However, dairy farming is possible because cattle can be driven to high mountain pastures in the spring and into the valleys in the fall and winter. Most of the milk is turned into chocolate and cheese for export.

Because Switzerland does not have natural resources like iron, coal, or oil that are required for heavy industries like automotive and manufacturing. The Swiss focus on making products that require skilled craftsmanship. Swiss jewelers are known for their watches. The Swiss also build precise instruments like microscopes and measuring tools. They are also known as the world leaders in new medicine development.

Because of its neutrality, Switzerland is considered a safe place to keep money. The banking service industry is important in the country. The banks in Zürich and Geneva house money from people all over the world. In addition, tourism brings people to Switzerland. Many come to ski and hike in the Alps.