| Economy | Liechtenstein |
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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 the highest per capita income in the world. 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 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. In 2008 Liechtenstein came under renewed international pressure - particularly from Germany - to improve transparency in its banking and tax systems. |
GDP (purchasing power parity):
|
$4.16 billion (2007)
$4.035 billion (2006) |
GDP - per capita (PPP):
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$118,000 (2007 est.) |
GDP (official exchange rate):
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$4.993 billion (2007) |
GDP - real growth rate:
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3.1% (2007 est.) |
GDP - composition by sector:
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agriculture: 8%
industry: 39%
services: 54% (2007) |
Investment (gross fixed):
|
void |
Population below poverty line:
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NA% |
Household income or consumption by percentage share:
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lowest 10%: NA%
highest 10%: NA% |
Distribution of family income - Gini index:
|
void |
Inflation rate (consumer prices):
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1% (2001) |
Central bank discount rate:
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void |
Commercial bank prime lending rate:
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void |
Stock of money:
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void |
Stock of money - per capita:
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void |
Stock of quasi money:
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void |
Stock of quasi money - per capita:
|
void |
Stock of domestic credit:
|
void |
Stock of domestic credit - per capita:
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void |
Labor force:
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31,000 of whom 13,900 commute from Austria, Switzerland, and Germany to work each day (31 December 2006) |
Labor force participation rate:
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89.18 % of population |
Labor force - by occupation:
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agriculture: 1.7%
industry: 43.5%
services: 55.4% (31 December 2006) |
Unemployment rate:
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1.5% (31 December 2007) |
Budget:
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revenues: $424.2 million
expenditures: $414.1 million (1998 est.) |
Budget revenues per capita:
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12,204 USD per capita |
Public debt:
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void |
Industries:
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electronics, metal manufacturing, dental products, ceramics, pharmaceuticals, food products, precision instruments, tourism, optical instruments |
Industrial production growth rate:
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NA% |
Electricity - production:
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void |
Electricity - production per capita:
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void |
Electricity - consumption:
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void |
Electricity - consumption - per capita:
|
void |
Electricity - exports:
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void |
Electricity - imports:
|
void |
Oil - production:
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void |
Oil - production per capita:
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void |
Oil - consumption:
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void |
Oil - consumption - per capita:
|
void |
Oil - exports:
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void |
Oil - imports:
|
void |
Oil - proved reserves:
|
void |
Natural gas - production:
|
void |
Natural gas - production per capita:
|
void |
Natural gas - consumption:
|
void |
Natural gas - consumption - per capita:
|
void |
Natural gas - exports:
|
void |
Natural gas - imports:
|
void |
Natural gas - proved reserves:
|
void |
Agriculture - products:
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wheat, barley, corn, potatoes; livestock, dairy products |
Current account balance:
|
void |
Current account balance - per capita:
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void |
Exports:
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$2.47 billion (1996) |
Exports per capita:
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71,057 USD per capita |
Exports - commodities:
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small specialty machinery, connectors for audio and video, parts for motor vehicles, dental products, hardware, prepared foodstuffs, electronic equipment, optical products |
Exports - partners:
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void |
Imports:
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$917.3 million (1996) |
Imports per capita:
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26,389 USD per capita |
Imports - commodities:
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agricultural products, raw materials, energy products, machinery, metal goods, textiles, foodstuffs, motor vehicles |
Imports - partners:
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void |
Reserves of foreign exchange and gold:
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void |
Reserves of foreign exchange and gold - per capita:
|
void |
Debt - external:
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$0 (2001) |
Debt - external - per capita:
|
void |
Stock of direct foreign investment - at home:
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void |
Stock of direct foreign investment - at home - per capita:
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void |
Stock of direct foreign investment - abroad:
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void |
Stock of direct foreign investment - abroad - per capita:
|
void |
Market value of publicly traded shares:
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$NA |
Market value of publicly traded shares - per capita:
|
void |
Economic aid - donor:
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void |
Economic aid - recipient:
|
void |
Economic aid - recipient per capita:
|
void |
Currency (code):
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Swiss franc (CHF) |
Exchange rates:
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Swiss francs (CHF) per US dollar - 1.0774 (2008 est.), 1.1973 (2007), 1.2539 (2006), 1.2452 (2005), 1.2435 (2004) |
Fiscal year:
|
calendar year |
|
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