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Swiss real estate market Cantonal Competitiveness Indicator 2025

Which cantons possess the most promising long-term growth prospects? The Cantonal Competitiveness Indicator provides insight into the relative growth potential of each canton.

by Thomas Rieder 28 Aug 2025

At a glance

  • At the beginning of 2024, Switzerland abolished all industrial tariffs in order to further strengthen its position as a center for business and industry. Globally, however, we are witnessing a resurgence of industrial policy and protectionism, which has recently culminated in country-specific tariffs imposed by the US government. Tightened tariff measures pose considerable risks, particularly for the export-oriented cantons.
  • Nevertheless, broad sectoral diversification, the geographical spread of exports, high levels of innovation, and a strong pool of human capital can enhance the adaptability of the cantons and serve as buffers against economic shocks such as trade barriers. Our feature topic examines which cantons are especially vulnerable to rising tariffs and which demonstrate notable resilience.
  • The Cantonal Competitiveness Indicator reveals where the regional conditions for future economic growth are currently most promising. New developments in cost structures and the labor market - such as the increasing shortage of skilled workers in the coming years - have played a significant role in the recent shifts in the ranking of cantonal competitiveness. Since these factors are at least partially subject to influence, the cantons retain scope to actively strengthen their competitiveness.
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