Economy of Liechtenstein
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.
Vaduz | |
| Currency | Swiss franc (CHF) |
|---|---|
Country group | Developed/Advanced High-income economy |
| Statistics | |
| Population | 38,748 (1 January 2020, provisional) |
| GDP | $6.872 billion (nominal, 2020) |
GDP growth | 1.8% (real, 2011 est.) |
GDP per capita | $180,227 (2020) |
GDP by sector | Agriculture: 7%; industry: 41%; services: 52% (2014) |
| −0.4% (CPI, 2016) | |
Population below poverty line | N/A |
| N/A | |
| 0.935 very high (2021) (16th) | |
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) |
| Unemployment | 1.8% (2019) |
Main industries | Electronics, metal manufacturing, dental products, ceramics, pharmaceuticals, financial services, food products, precision instruments, tourism, optical instruments |
| External | |
| Exports | $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 |
| Imports | $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: AAA (Domestic) AAA (Foreign) AAA (T&C Assessment) Outlook: Stable |
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