| People | 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 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):
|
$36.33 billion (2007 est.) |
GDP - real growth rate:
|
11% (1999 est.) |
GDP - per capita (PPP):
|
$25,000 (1999 est.) |
GDP - composition by sector:
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agriculture: 6%
industry: 39%
services: 55% (2001) |
Investment (gross fixed):
|
void |
Population below poverty line:
|
NA% |
Household income or consumption by percentage share:
|
lowest 10%: NA%
highest 10%: NA% |
Distribution of family income - Gini index:
|
void |
Inflation rate (consumer prices):
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1% (2001) |
Labor force:
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29,500 of whom 13,900 commute from Austria, Switzerland, and Germany to work each day (31 December 2001) |
Labor force participation rate:
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85.51 % of population |
Labor force - by occupation:
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agriculture: 2%
industry: 47%
services: 51% (31 December 2001) |
Unemployment rate:
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1.3% (September 2002) |
Budget:
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revenues: $424.2 million
expenditures: $414.1 million (1998 est.) |
Budget revenues per capita:
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12,297 USD per capita |
Public debt:
|
void |
Industries:
|
electronics, metal manufacturing, dental products, ceramics, pharmaceuticals, food products, precision instruments, tourism, optical instruments |
Industrial production growth rate:
|
NA% |
Electricity - production:
|
void |
Electricity - production per capita:
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void |
Electricity - consumption:
|
void |
Electricity - consumption - per capita:
|
void |
Electricity - exports:
|
void |
Electricity - imports:
|
void |
Oil - production:
|
void |
Oil - production per capita:
|
void |
Oil - consumption:
|
void |
Oil - consumption - per capita:
|
void |
Oil - exports:
|
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:
|
void |
Exports:
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$2.47 billion (1996) |
Exports per capita:
|
71,599 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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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) |
Imports:
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$917.3 million (1996) |
Imports per capita:
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26,590 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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EU, Switzerland (2006) |
Reserves of foreign exchange and gold:
|
void |
Reserves of foreign exchange and gold - per capita:
|
void |
Debt - external:
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$0 (2001) |
Debt - external - per capita:
|
void |
Stock of direct foreign investment - at home:
|
void |
Stock of direct foreign investment - abroad:
|
void |
Market value of publicly traded shares:
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$NA |
Economic aid - donor:
|
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 per US dollar - 1.1973 (2007), 1.2539 (2006), 1.2452 (2005), 1.2435 (2004), 1.3467 (2003) |
Fiscal year:
|
calendar year |
|
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