How does Schaffhausen has such a high GDP per capita?

Finance, Taxes, Banking, Insurance and Retirement
1
Hi,

First saw it on Wikipedia, then checked with the official Statistics:

https://en.wikipedia.org/wiki/Cantons_of_Switzerland

https://www.bfs.admin.ch/bfs/en/home...l.6369949.html

How is it achieved? What/Who are the main contributors?

Many thanks

Best

P.S. Oops! The title has a grammatical error. I'll sincerely appreciate if an admin fixes it :")

2
https://www.economy.sh/relocate-here.html

3
It's not particularly high, almost the same as Ticino.

Tom

4
It's higher than Bern and Vaud, which is a bit of surprise to me. Moreover, all the cantons above it have good reasons for being there.

5
Lots of IWC watches

6
In both cases: Cross border workers. There are a lot of Italian residents working in Ticino and a lot of Germans commuting to SH. Ramps up the GDP but does not tell the true story.

Look at the GDP per capita and guess which small EU country has 50% of its workforce commuting into the country each day: https://en.wikipedia.org/wiki/List_o...al)_per_capita_per_capita)

I also saw an article before claiming that Luxembourg has twice as many work accidents in relation to the population than other EU countries... must be a dangerous place then...

7
Compared to all cantons above it, Schaffhausen has quite a low population.

Quality of life will be higher in a smaller canton to manage, as opposed to larger ones like Bern and Vaud, so no surprise really.

8

Not that many and not really that much, if you compare to Geneva (Rolex, Patek, Vacheron) or Vaud (AP, Bregeut, JLC).......

9
So Schaffhausen is the Luxembourg of the Confederation?

10
Schaffhausen doesn't have as large a number of cross-border workers as Ticino and Geneva. Even Zurich, not generally considered a border canton may well have more than SH, simply because ZH is larger and has more jobs to offer, whereas Schaffhausen is small.

11
... ...

That's exactly why I asked the question.

12
The total number is smaller than Zurich, but given the low population does this have a relatively higher impact. 5k cross border workers are about 10% of the total workforce. National average is below 7%. That makes perfect sense in realtion to the GDP per capita numbers... and also explains why for example Basel Stadt is so incredibly high.

https://www.shn.ch/region/kanton/201...ber-die-grenze

13
Nonsense statement. Uri is half the size and bottom of the list, Zurich is 15 times larger and above SH.

14
Bern is not much of a surprise. In the end it is a big rural canton which by chances has also the capital and a lot of government workers which not really contribute much to the GDP.

Big companies in SH:

Georg Fischer, SIG, Unilever Schweiz, Phoenix Mecano, IWC

15
*Looks at his Swatch and cries*

16
I didn't compare to the ones at the bottom.

Compared to all cantons above it, Schaffhausen has quite a low population.

17
Why would the population total of a canton matter in any way in relation with quality of life? I guess what you are after is population density, not the same thing. And as a rule of thumb in CH: rural parts with low population density tend to be a lot poorer than the richer urban parts.

(Yes, canton Schwyz is rural, but the wealth is all in one tiny bit which is the one close to Zurich... and thats a lot more populated than Muotathal...)

18
Lower population generally less of a stretch on resources I guess and easier to manage less than 100'000 people as opposed to triple, quadruple etc.

19
Not if those people are tax payers and the source of your resources... otherwise would life be so much better in Siberia than say London...

20
Another axis added to the question: With such a (relatively) high GDP per capita, why is SH on the receiving end of the fiscal equalisation? :-/

See https://www.swissinfo.ch/eng/politic...1PJjJkj0i81VJA