Swiss employees are the second most productive in the world, according to the latest survey from the Geneva based Business Environment Risk Institute.
The annual report, which looks at worker productivity, gives Switzerland 75 points, ten less than top ranking Singapore.
Switzerland was found to be an excellent location for producing high precision products. However the report also found that Switzerland is too expensive in the medium and long term for less complex production.
The institute compiles its index by looking at salary, productivity, skill level, social costs and work time lost through industrial disputes, sickness or accidents.
Japan, with 73 points, came in third place followed by Belgium with 72 points, and the United States with 71.
Switzerland's major trading partners, within the European Union, did less well. France managed 66 points, Germany 63 and Italy 55.
Bringing up the rear of the survey with the worst productivity levels were Russia, Vietnam and Nigeria.
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