Open menu Close menu Open Search Close search

Liechtenstein Economy 2007

. Feedback

Economy - overview:
Despite its small size and limited natural resources, Liechtenstein has developed into a prosperous, highly industrialized, free-enterprise economy with a vital financial service sector and living standards on a par with its large European neighbors. The Liechtenstein economy is widely diversified with a large number of small businesses. Low business taxes - the maximum tax rate is 20% - and easy incorporation rules have induced many holding or so-called letter box companies to establish nominal offices in Liechtenstein, providing 30% of state revenues. The country participates in a customs union with Switzerland and uses the Swiss franc as its national currency. It imports more than 90% of its energy requirements. Liechtenstein has been a member of the European Economic Area (an organization serving as a bridge between the European Free Trade Association (EFTA) and the EU) since May 1995. The government is working to harmonize its economic policies with those of an integrated Europe.

GDP (purchasing power parity):
$1.786 billion (2001 est.)

GDP (official exchange rate):
$2.487 billion (2001)

GDP - real growth rate:
11% (1999 est.)

GDP - per capita (PPP):
$25,000 (1999 est.)

GDP - composition by sector:
agriculture: 6%
industry: 39%
services: 55% (2001)

Labor force:
29,500 of whom 13,900 commute from Austria, Switzerland, and Germany to work each day (31 December 2001)

Labor force - by occupation:
agriculture: 2%
industry: 47%
services: 51% (31 December 2001)

Unemployment rate:
1.3% (September 2002)

Population below poverty line:

Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%

Inflation rate (consumer prices):
1% (2001)

revenues: $424.2 million
expenditures: $414.1 million (1998 est.)

Agriculture - products:
wheat, barley, corn, potatoes; livestock, dairy products

electronics, metal manufacturing, dental products, ceramics, pharmaceuticals, food products, precision instruments, tourism, optical instruments

Industrial production growth rate:

$2.47 billion (1996)

Exports - commodities:
small specialty machinery, connectors for audio and video, parts for motor vehicles, dental products, hardware, prepared foodstuffs, electronic equipment, optical products

Exports - partners:
EU 62.6% (Germany 24.3%, Austria 9.5%, France 8.9%, Italy 6.6%, UK 4.6%), US 18.9%, Switzerland 15.7% (2006)

$917.3 million (1996)

Imports - commodities:
agricultural products, raw materials, energy products, machinery, metal goods, textiles, foodstuffs, motor vehicles

Imports - partners:
EU, Switzerland (2006)

Debt - external:
$0 (2001)

Market value of publicly traded shares:

Currency (code):
Swiss franc (CHF)

Exchange rates:
Swiss francs per US dollar - 1.2539 (2006), 1.2452 (2005), 1.2435 (2004), 1.3467 (2003), 1.5586 (2002)

Fiscal year:
calendar year

NOTE: The information regarding Liechtenstein on this page is re-published from the 2007 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Liechtenstein Economy 2007 information contained here. All suggestions for corrections of any errors about Liechtenstein Economy 2007 should be addressed to the CIA.

- Please bookmark this page (add it to your favorites).
- If you wish to link to this page, you can do so by referring to the URL address below this line.

This page was last modified 29-Sep-09
Copyright © 1995-2021 ITA all rights reserved.