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== Economy == [[File:Novartis-Campus-Forum-3-Basel Photo-copyright-Christian-Richters.jpg|thumb|left|[[Novartis]] Campus Basel]] The city of Basel, located in the north west of Switzerland, is one of the most dynamic economic regions of Switzerland. {{as of|2016}}, Basel had an unemployment rate of 3.7%.<ref name="BSSKompakt">{{cite web|date=10 February 2020|title=Basel Kompakt|url=https://www.statistik.bs.ch/nm/2020-bevoelkerung-im-januar-2020-pd.html|url-status=dead|access-date=4 April 2021|website=Statistisches Amt|publisher=Statistisches Amt, Präsidialdepartement des Kantons Basel-Stadt|language=de|type=official site|archive-date=23 April 2021|archive-url=https://web.archive.org/web/20210423031003/https://www.statistik.bs.ch/nm/2020-bevoelkerung-im-januar-2020-pd.html}}</ref> {{as of|2018}}, 19.3% of the working population was employed in the [[Secondary sector of the economy|secondary sector]] and 80.6% was employed in the [[Tertiary sector of the economy|tertiary sector]].<ref>[https://www.bfs.admin.ch/bfs/en/home/statistics/cross-sectional-topics/city-statistics/city-portraits/basel.html Swiss Federal Statistical Office] {{Webarchive|url=https://web.archive.org/web/20210225015941/https://www.bfs.admin.ch/bfs/en/home/statistics/cross-sectional-topics/city-statistics/city-portraits/basel.html |date=25 February 2021 }} accessed 3 January 2021</ref> There were 82,449 residents of the municipality who were employed in some capacity, of which women made up 46.2% of the workforce.{{Citation needed|date=January 2021}} {{as of|2008|alt=In 2008}} the total number of [[full-time equivalent]] jobs was 130,988. The number of jobs in the primary sector was 13, of which 10 were in agriculture and 4 were in forestry or lumber production. The number of jobs in the secondary sector was 33,171 of which 24,848 or (74.9%) were in manufacturing, 10 were in mining and 7,313 (22.0%) were in construction. The number of jobs in the tertiary sector was 97,804. In the tertiary sector; 12,880 or 13.2% were in wholesale or retail sales or the repair of motor vehicles, 11,959 or 12.2% were in the movement and storage of goods, 6,120 or 6.3% were in a hotel or restaurant, 4,186 or 4.3% were in the information industry, 10,752 or 11.0% were the insurance or financial industry, 13,695 or 14.0% were technical professionals or scientists, 6,983 or 7.1% were in education and 16,060 or 16.4% were in health care.<ref>[http://www.pxweb.bfs.admin.ch/Database/German_06%20-%20Industrie%20und%20Dienstleistungen/06.2%20-%20Unternehmen/06.2%20-%20Unternehmen.asp?lang=1&prod=06&secprod=2&openChild=true Swiss Federal Statistical Office STAT-TAB Betriebszählung: Arbeitsstätten nach Gemeinde und NOGA 2008 (Abschnitte), Sektoren 1–3] {{webarchive |url=https://web.archive.org/web/20141225013454/http://www.pxweb.bfs.admin.ch/Database/German_06%20-%20Industrie%20und%20Dienstleistungen/06.2%20-%20Unternehmen/06.2%20-%20Unternehmen.asp?lang=1&prod=06&secprod=2&openChild=true |date=25 December 2014 }} {{in lang|de}} accessed 28 January 2011</ref> {{as of|2000|alt=In 2000}}, there were 121,842 workers who commuted into the municipality and 19,263 workers who commuted away. The municipality is a net importer of workers, with about 6.3 workers entering the municipality for every one leaving. About 23.9% of the workforce coming into Basel are coming from outside Switzerland, while 1.0% of the locals commute out of Switzerland for work.<ref name=commuter>[https://web.archive.org/web/20070804051358/http://www.media-stat.admin.ch/stat/pendler/pop.php Swiss Federal Statistical Office – Statweb] {{in lang|de}} accessed 24 June 2010</ref> Of the working population, 49.2% used public transportation to get to work, and 18.7% used a private car.<ref name=SFSO/> [[File:Basel - Roche-Turm mit Stadtansicht bei Abenddämmerung.jpg|thumb|Roche Tower, the tallest building in Switzerland]] The first [[Roche Tower]], designed by [[Herzog & de Meuron]], is 41 floors and {{convert|178|m}} high, upon its opening in 2015 it has become the tallest building in Switzerland. Roche Tower-2 was opened in 2022, has 50 floors and is Switzerland's tallest building. Basel has also Switzerland's third tallest building ([[Basler Messeturm]], {{convert|105|m|abbr=on}}) and Switzerland's tallest tower ([[Swisscom-Sendeturm St. Chrischona|St. Chrischona TV tower]], {{convert|250|m|abbr=on}}). === Chemical industry === The Swiss [[chemical industry]] operates largely from Basel, and Basel also has a large [[Pharmaceutical industry in Switzerland|pharmaceutical industry]]. [[Novartis]],<ref name="GoingtoBasel">Chen, Aric. "[http://travel.nytimes.com/2006/06/11/travel/11goingto.html Going to Basel] {{Webarchive|url=https://web.archive.org/web/20081202022936/http://travel.nytimes.com/2006/06/11/travel/11goingto.html |date=2 December 2008 }}." ''[[The New York Times]]''. 11 June 2006. Retrieved on 12 January 2010.</ref> [[Syngenta]], [[Ciba Specialty Chemicals]],<ref>{{cite web|url=http://www.ciba.com/|title=Home|work=BASF|access-date=1 September 2015|archive-date=28 March 2010|archive-url=https://web.archive.org/web/20100328112027/http://www.ciba.com/|url-status=live}}</ref> [[Clariant]],<ref>Anna Bálint: ''Clariant clareant. The beginnings of a specialty chemicals company'', Campus Verlag, Frankfurt am Main/New York 2012, {{ISBN|978-3-593-39374-2}}.</ref> [[Hoffmann–La Roche|Hoffmann-La Roche]],<ref name="GoingtoBasel"/> [[Basilea Pharmaceutica]], and [[Actelion]] are headquartered there. Pharmaceuticals and specialty chemicals have become the modern focus of the city's industrial production. In addition, Basel is a major European hub for Biotech and Biopharmaceuticals. There are plenty of small and mid-sized start-ups. The vibrant VC scene also supports this. === Banking === Banking is important to Basel: * [[UBS AG]] maintains central offices in Basel.<ref>"[https://apps2.ubs.com/locationfinder/search.do?GeoEntityId=29&GeoEntityType=6 UBS AG in Basel, Aeschenvorstadt 1]{{Dead link|date=June 2019 |bot=InternetArchiveBot |fix-attempted=yes }}." ([https://apps2.ubs.com/locationfinder/search.do?GeoEntityId=6592&GeoEntityType=7&EntityTypeId=0&Type=pdf PDF version]{{Dead link|date=August 2019 |bot=InternetArchiveBot |fix-attempted=yes }}) [[UBS AG]]. Retrieved on 2 July 2010. {{dead link|date=March 2021}}</ref> * The [[Bank for International Settlements]] (BIS) is located within the city and is the central banker's bank. :According to the BIS, "The choice of Switzerland for the seat of the BIS was a compromise by those countries that established the BIS: Belgium, France, Germany, Italy, Japan, the United Kingdom and the United States. When consensus could not be reached on locating the Bank in London, Brussels or Amsterdam, the choice fell on Switzerland. An independent, neutral country, Switzerland offered the BIS less exposure to undue influence from any of the major powers. Within Switzerland, Basel was chosen largely because of its location, with excellent railway connections in all directions, especially important at a time when most international travel was by train."<ref>{{cite web|url=http://www.bis.org/about/origins.htm|title=Origins|date=15 March 2005 |publisher=Bank for International Settlements|access-date=23 May 2010| archive-url= https://web.archive.org/web/20100609010907/http://www.bis.org/about/origins.htm| archive-date= 9 June 2010 | url-status=live}}</ref> :Created in May 1930, the BIS is owned by its member [[central bank]]s. No agent of the Swiss public authorities may enter the premises without the express consent of the bank.<ref>{{Cite web|url=http://www.bis.org/about/headquart-en.pdf |archive-url=https://ghostarchive.org/archive/20221009/http://www.bis.org/about/headquart-en.pdf |archive-date=2022-10-09 |url-status=live|title=Agreement between the Swiss Federal Council and the Bank for International Settlements to determine the Bank's legal status in Switzerland}}</ref> The bank exercises supervision and police power over its premises. The BIS enjoys immunity from criminal and administrative jurisdiction.<ref>{{cite web|url=https://www.bis.org/about/basictexts-en.pdf|title=Basic Texts|publisher=[[Bank for International Settlements]]|access-date=24 June 2024}}</ref> :The [[Basel Committee on Banking Supervision]] usually meets at the BIS premises in Basel. It produces recommendations such as the [[Basel Accord]]s ([[Basel I]], [[Basel II Accord|Basel II]] and [[Basel III]]), based on consensus among its members which are central banks and [[banking supervisor]]s. * Basel also hosts the headquarters of the [[Global Infrastructure Basel Foundation]], which is active in the field of sustainable infrastructure (financing). === Air === [[Swiss International Air Lines]], the national airline of Switzerland, is headquartered on the grounds of [[EuroAirport Basel-Mulhouse-Freiburg]] in [[Saint-Louis, Haut-Rhin|Saint-Louis]], Haut-Rhin, France, near Basel.<ref>"[http://www.swiss.com/web/EN/about_swiss/company/Pages/facts_figures.aspx Facts and figures] {{Webarchive|url=https://web.archive.org/web/20140301211059/http://www.swiss.com/web/EN/about_swiss/company/Pages/facts_figures.aspx |date=1 March 2014 }}." Swiss International Air Lines. Retrieved on 13 June 2009.</ref><ref>"[http://saint-louis.plan-interactif.com/index.php?detect=flash Plan interactif] {{webarchive|url=https://web.archive.org/web/20091114033858/http://saint-louis.plan-interactif.com/index.php?detect=flash |date=14 November 2009 }}." ''[[Saint-Louis, Haut-Rhin|Saint-Louis]] (Haut-Rhin)''. Retrieved on 25 September 2009.</ref><ref>"[http://www.swiss.com/web/EN/various/Documents/Direction_Basel.pdf Swiss International Air Lines Basel] {{webarchive|url=https://web.archive.org/web/20110725101654/http://www.swiss.com/web/EN/various/Documents/Direction_Basel.pdf |date=25 July 2011 }}." Swiss International Air Lines. Retrieved on 24 September 2009.</ref> Prior to the formation of Swiss International Air Lines, the regional airline [[Crossair]] was headquartered near Basel.<ref>"[https://web.archive.org/web/20020202015152/http://www.crossair.com/en/ourcompany/location/index.html Location]." [[Crossair]]. Retrieved on 13 June 2009.</ref> [[File:ART Basel 2009-06-10.jpg|thumb|Art Basel (2009)]] === Media === ''[[Basler Zeitung]]'' ("BaZ") and ''bz Basel'' are the local newspapers. The local TV station is called ''Telebasel''. The German-speaking [[Schweizer Radio und Fernsehen|Swiss Radio and Television SRF]] company, part of the [[Swiss Broadcasting Corporation]] SRG SSR, holds offices in Basel as well. The academic publishers [[Birkhäuser]], [[Karger Publishers|Karger]] and [[MDPI]] are based in Basel. === Trade fairs === Important trade shows include [[Art Basel]], the world's most important fair for modern and contemporary art, [[Baselworld]] (watches and jewelry, now discontinued), Swissbau (construction and real estate) and Igeho (hotels, catering, take-away, care). The [[Mustermesse Basel|Swiss Sample Fair]] ("Schweizer Mustermesse") was the largest and oldest consumer fair in Switzerland. It was held from 2007 to 2019 and took place in Kleinbasel on the right bank of the Rhine.
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