The economic impact of multilingualism


Recent studies show that the ability of a country to communicate in a multicultural and multilingual way is critical to increasing its competitiveness and international projection. Not only in terms of increasing its gross domestic product but also in its ability to transfer knowledge and technology quickly and effectively to encourage continuous innovation, investment, and economic growth.

Switzerland and United Kingdom cases:

Switzerland’s multilingual heritage gives it a competitive advantage worth SFr46 billion ($38.15 billion), says a study presented in Bern this week. The advantage is equivalent to 9% of the gross domestic product (GDP).

The UK loses 3.5% of GDP in lost business opportunities due to poor language skills

“Translation is the essence of modern civilization” – Isaac Bashevis Singer