Stock Markets February 22, 2026

Switzerland Pulling Ahead in Early Economic Gains from AI

Productivity gains in information and communication signal a divergence from much of Europe

By Hana Yamamoto
Switzerland Pulling Ahead in Early Economic Gains from AI

Analysts observe that Switzerland is beginning to register measurable productivity benefits from artificial intelligence, led by its information and communication sector. While gains have been concentrated in the United States and remain limited across the euro zone, Switzerland's investment profile, model development per capita and labour market flexibility appear to be accelerating AI-driven output per worker.

Key Points

  • Switzerland's information and communication sector has accelerated in productivity and contributed about 0.2% to GDP per employee in 2025.
  • The country ranks fifth on the 2026 AI Economic Impact Index and is a leading European investor in software and databases relative to GDP.
  • Labour market shifts are evident: occupations most exposed to AI saw larger unemployment increases, while economists expect job creation elsewhere to offset losses.

Switzerland is showing early signs that artificial intelligence is translating into measurable economic benefits, differentiating it from much of Europe where the impact of AI has so far been limited, according to analysts at Capital Economics.

Across global economies, AI is expected to raise productivity over the longer term, but concrete evidence of that lift has been concentrated in the United States. In contrast, the euro zone has seen a muted effect so far. Switzerland, however, is beginning to register tangible improvements.

Sector-level productivity gains

Productivity in Switzerland's information and communication sector - the part of the economy most exposed to AI technologies - has accelerated over the past two years. Where the sector once lagged behind euro zone peers, it has moved to the front in terms of productivity growth. Economists estimate that the higher productivity within this sector contributed roughly 0.2% to GDP per employee in 2025 alone, with comparable gains expected over the following two years.

Labour market adjustments

Labour market data indicate an evolving employment picture. Research from the KOF Economic Institute found that occupations with the greatest exposure to AI experienced larger increases in unemployment than less exposed roles. A contraction in employment in segments of the information and communication sector has helped raise output per worker.

Investment and model development

Switzerland's early gains reflect several elements of its investment profile. It ranks fifth on the 2026 AI Economic Impact Index and is among Europe's largest investors in software and databases relative to GDP. The 2025 Stanford University AI report placed Switzerland fourth globally for notable AI models per capita, behind Singapore, Hong Kong and the United States.

High levels of AI usage, combined with a labour market that the OECD identifies as having among the least strict employment protections for regular contracts, may enable productivity improvements to diffuse more rapidly across sectors. Economists expect that AI-related job losses will be counterbalanced by job creation in other areas, which would limit the risk of a sustained rise in unemployment.

While the broader euro zone has yet to show similar measurable benefits, Switzerland's mix of investment intensity, model development and labour market flexibility has produced early signs that AI can lift productivity at a national level.


Related analysis

  • Information and communication sector gains are central to Switzerland's early AI-driven productivity improvements.
  • Labour market shifts are already visible, with higher unemployment increases recorded in occupations most exposed to AI.
  • Investment in software and databases, and a high count of notable AI models per capita, underpin Switzerland's position.

Risks

  • Occupations with high AI exposure have recorded larger increases in unemployment, which has already occurred in parts of the information and communication sector - impacting labour markets and related services.
  • The productivity boost from AI remains concentrated and uneven - the euro zone overall continues to show a muted effect, implying sectoral and geographic concentration of gains.
  • Sustained diffusion of productivity gains depends on continued investment intensity and labour market flexibility; without these, benefits may be slower to spread across the economy.

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