WEF contributes CHF 45M ( $ 50M ) to the Davos economy and CHF 70M to Switzerland . That 's five times as many as the first time the event was held in 1971 , when only 444 participated . The Swiss government is also a major contributor, with its own contribution of CHF 20M. The average temperature in the town of Davos is -5°C in January and 17°C in July .
WEF contributes CHF 45M ( $ 50M ) to the Davos economy and CHF 70M to Switzerland . The Swiss government is also a major contributor, with its own contribution of CHF 20M. The average temperature in the town of Davos is -5°C in January and 17°C in July .