The contribution of banks and insurance companies to the gross domestic product in Switzerland increased in 2020. This is shown by the new, annually updated key figures on Switzerland as a financial centre. The financial sector (banks and insurance companies) accounted for 9.7 percent of Swiss GDP in 2020 (previous year: 9.2 percent). The 246 banks and 199 insurance companies in Switzerland employ 208,788 people (in full-time equivalents). In the client custody accounts of the banks in Switzerland, there are securities holdings amounting to 6900 billion Swiss francs, 3329 billion of which are from abroad.