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Economy of Liechtenstein information


Economy of Liechtenstein
Vaduz
CurrencySwiss franc (CHF)
Country group
Developed/Advanced High-income economy[1]
Statistics
PopulationIncrease 38,748 (1 January 2020, provisional)[2]
GDPIncrease $6.872 billion (nominal, 2020)[3]
GDP growth
Increase1.8% (real, 2011 est.)
GDP per capita
Increase $180,227 (2020)[4]
GDP by sector
Agriculture: 7%; industry: 41%; services: 52% (2014)
Inflation (CPI)
Decrease −0.4% (CPI, 2016)
Population below poverty line
N/A
Gini coefficient
N/A
Human Development Index
Increase 0.942 very high (2022)[5] (12th)
Labour force
38,520 (2012) (2015 est.), 51% of whom commute daily from Austria, Switzerland, or Germany
Labour force by occupation
Agriculture: 0.8%; industry: 39.4%; services: 59.95% (2010)
UnemploymentPositive decrease 1.8% (2019)[6]
Main industries
Electronics, metal manufacturing, dental products, ceramics, pharmaceuticals, financial services, food products, precision instruments, tourism, optical instruments
External
ExportsIncrease $3.76 billion (2011 est.)
Export goods
Small specialty machinery, connectors for audio and video, parts for motor vehicles, dental products, hardware, prepared foodstuffs, electronic equipment, optical products
Main export partners
n/av
ImportsIncrease $2.218 billion (2011 est.)
Import goods
Agricultural products, raw materials, energy products, machinery, metal goods, textiles, foodstuffs, motor vehicles
Gross external debt
0% (2001) debt holder of Switzerland, Austria and US
Public finances
Government debt
N/A
Revenues$1.29 billion (2011 est.)
Expenses$1.372 billion (2011 est.)
Credit rating
Standard & Poor's:[7]
AAA (Domestic)
AAA (Foreign)
AAA (T&C Assessment)
Outlook: Stable[8]
Main data source: CIA World Fact Book
All values, unless otherwise stated, are in US dollars.

The economy of Liechtenstein is based on industry, with a small but significant agricultural sector, and services (especially general services, including tourism and information technology). The country participates in a customs union with Switzerland and uses the Swiss franc as its national currency. It imports more than 85% of its energy requirements. Liechtenstein has been a member of the European Free Trade Association (EFTA) since 1991 (previously its interests had been represented by Switzerland). It also has been a member of the European Economic Area (EEA) since May 1995 and participates in the Schengen Agreement for passport-free intra-European travel.

  1. ^ "World Bank Country and Lending Groups". datahelpdesk.worldbank.org. World Bank. Retrieved 29 September 2019.
  2. ^ "Population on 1 January". ec.europa.eu/eurostat. Eurostat. Retrieved 13 July 2020.
  3. ^ "GDP (current US$) – Liechtenstein". data.worldbank.org. World Bank. Retrieved 4 November 2022.
  4. ^ "GDP per capita (current US$) – Liechtenstein". data.worldbank.org. World Bank. Retrieved 4 November 2022.
  5. ^ "Human Development Report 2023/2024" (PDF). United Nations Development Programme. 13 March 2024. Archived (PDF) from the original on 13 March 2024. Retrieved 4 May 2024.
  6. ^ "Liechtenstein in Figures, 2019" (PDF). llv.li. Retrieved 19 August 2019.
  7. ^ "Sovereigns rating list". Standard & Poor's. Retrieved 26 May 2011.
  8. ^ Rogers, Simon; Sedghi, Ami (15 April 2011). "How Fitch, Moody's and S&P rate each country's credit rating". The Guardian. Retrieved 31 May 2011.

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