Business environment 3.1 Competitiveness and institutions 3.2 Economic data 3.3 Infrastructure 3 Inspiring business environment The world s most competitive country Above average economic performances Top notch communication and transport infrastructure
3.1 COMPETITIVENESS AND INSTITUTIONS 3.1.1 Competitiveness ranking Set of institutions, policies and factors that determine the level of productivity of a country (on a scale from 1 to 7, the higher the better) 4.55 4.48 4.42 5.70 5.65 5.54 5.49 5.45 5.41 5.33 5.18 5.16 5.08 4.98 Source: World Economic Forum The Global Competitiveness Report 2014-2015 3.1.2 Ease of doing business Impact of regulatory environment on the starting and operation of a local firm (on a scale from 0 to 10, the higher the better) 2.49 3.84 3.81 3.53 3.29 2.98 5.57 5.53 5.41 5.39 7.47 7.45 7.65 8.34 Source: IMD World Competitiveness Yearbook Online 2014 20 The world s most competitive country For the sixth consecutive year, the World Economic Forum has ranked as the most competitive country in the world. Thanks to highly efficient institutions and minimal red tape, Geneva and are awesome places to conduct business.
3.1.3 Index of economic freedom Index composed of 10 variables: property rights, corruption, tax system, government spending, business freedom, labor regulations, monetary system, trade freedom, investment freedom and financial system. (on a scale from 0 to 100, the higher the better) 76.2 75.5 74.9 74.2 73.4 72.4 71.4 69.9 67.2 67.0 63.5 60.9 81.6 89.4 Source: The Heritage Foundation Index of Economic Freedom 2014 3.1.4 Government efficiency Government policies are conducive to competitiveness (on a scale from 0 to 100, the higher the better) 16.66 37.29 33.70 28.53 26.73 24.21 51.33 48.57 48.52 48.05 43.99 66.11 68.80 77.06 Source: IMD World Competitiveness Yearbook Online 2014 21
3.1 COMPETITIVENESS AND INSTITUTIONS 3.1.5 Corruption perception index The index measures experts perception of public services corruption (on a scale from 0, highly corrupted, to 100, very clean) 43 60 59 78 76 75 73 72 71 69 69 83 86 85 Source: Transparency International Corruption Perception Index 2014 22
3.2 ECONOMIC DATA 3.2.1 GDP per capita In US$, 2013 13'394 54'776 53'101 48'957 47'634 45'621 45'384 44'999 43'876 43'000 39'567 34'715 29'150 81'324 Source: International Monetary Fund World Economic Outlook Database 2014 3.2.2 Real GDP growth (in %) Based on national currency in constant prices, 2013-1.85-0.81-1.22-0.30 0.43 0.39 0.20 0.17 1.96 1.88 1.66 1.60 4.10 4.76 Source: IMD World Competitiveness Yearbook Online 2014 23 Above average economic performances Thanks to its highly diversified economy and its innovative companies, shows above average economic performances. GDP growth is high by international standards, unemployment is low and the current account is positive.
3.2 ECONOMIC DATA 3.2.3 Unemployment (in %) Percentage of labor force unemployed, 2013 1.9 3.2 4.9 5.3 6.9 7.4 7.6 8.4 10.3 10.8 12.2 13.0 26.4 Note: No data for the Source: International Monetary Fund World Economic Outlook Database 2014 3.2.4 Consumer price inflation (in %) Annual average rate, 2013-0.2 0.5 0.9 1.0 1.1 1.2 1.3 1.5 1.5 1.6 2.1 2.4 2.6 2.6 Source: International Monetary Fund World Economic Outlook Database 2014 24
3.2.5 Current account balance (in %) Percentage of the GDP, 2013-4.5-1.4-1.4-1.9-2.3 1.0 0.8 2.7 6.2 7.6 10.9 12.9 Note: No data for and the Source: OECD Main Economic Indicators 2014 3.2.6 Resilience of the economy Ability of the economy to recover from economic cycles (on a scale from 0 to 10, the higher the better) 3.46 4.38 3.94 5.44 5.07 5.06 6.00 5.90 7.56 7.17 7.10 6.96 6.63 6.59 Source: IMD World Competitiveness Yearbook Online 2014 25
3.3 INFRASTRUCTURE 3.3.1 Quality of overall infrastructure Overall quality of the infrastructure (transport, communication and energy) of the country (on a scale from 1 to 7, the higher the better) 4.0 4.6 5.1 5.3 6.6 6.4 6.3 6.3 6.2 6.1 6.0 5.9 5.8 5.8 Source: World Economic Forum The Global Competitiveness Report 2014-2015 3.3.2 Availability of latest technologies Use and availability of latest technologies (on a scale from 1 to 7, the higher the better) 4.5 5.0 5.6 6.5 6.5 6.4 6.3 6.3 6.3 6.2 6.2 6.1 6.0 6.0 Source: International Monetary Fund World Economic Outlook Database 2014 26 Top notch communication and transport infrastructure has always been investing massively in its communication and transport infrastructures. Thus, it is no surprise to see it internationally praised for its quality and reliability.
3.3.3 Broadband internet connections per 100 inhabitants 10.34 15.54 25.44 25.02 24.37 22.72 22.14 28.35 34.04 33.70 33.26 39.88 39.81 37.47 Source: World Bank World Development Indicators 2013 27
3.3 INFRASTRUCTURE 3.3.4 Length and cost of traveling from the airport to the city center By taxi Taxi fares By train Train fares Remarks Minutes US$ Minutes US$ Geneva International Airport 15 27-32 6 0 Free bus and train ticket to city centre * Barcelona Airport 25-35 26-39 15 NA Frankfurt Airport 20-30 32-39 11 4.90 Vienna Intl Airport (Schwechat) 20-25 45 16 12.80 CAT (city airport train) Dublin Airport 20-30 17-20 NA NA No direct train service Changi Airport 20-30 17-25 30 1.30 Amsterdam Schiphol Airport 20-30 52-65 15-20 4.80 Moscow Domodedovo Airport ~ 60 55-69 40-50 10.20 Aeroexpress train Brussels Airport 20-30 50-57 20 7.25 Warsaw Chopin Airport 25-35 14 NA NA No direct train service Paris Charles de Gaulle Airport 40-50 71 50 11.90 RER B London Heathrow Airport 45-60 71-126 15-21 28.40 Heathrow Express to Paddington Milan Malpensa Intl Airport 50-60 91-117 40 14.30 New York Kennedy Intl Airport (JFK) 40-90 45 35/65 7.50-13 Long Island railroad or New York subway A train. Taxi fare does not include tolls. Dubai International Airport 10 ~30 15 1.40 Dubai metro to city centre Source: Airwise.com 2012 * The ticket allows you to travel freely with any public transportation (bus/tram/train) for 80 minutes in Greater Geneva Area (offered to all passengers at baggage claim). 28