Switzerland is one of the wealthiest nations in the world based on GDP per capita. It is a peaceful and stable country with a low unemployment rate and highly skilled labor force. Its GDP is mainly based on the agricultural, industrial and service sectors. Switzerland is considered a safe haven for foreign investors due to a strong banking system with a historically high degree of client privacy, the robust value of the Swiss franc (CHF) and a stable economy. Switzerland is not a member of European Union, but in order to strengthen economic ties the Swiss government has started economic agreements with the EU that cover research, public procurement, agriculture and many other sectors.