Economy of Liechtenstein
Vaduz, the capital of Liechtenstein | |
| Currency | Swiss franc (CHF) |
|---|---|
Trade organisations | EFTA, WTO, IMF |
Country group | Developed/Advanced High-income economy |
| Statistics | |
| Population | 40,457 (31 December 2023) |
| GDP | |
| GDP rank | |
GDP growth |
|
GDP per capita |
|
GDP per capita rank | |
GDP by sector |
|
| 2.8% (2022) | |
| 0.938 very high (2023) (17th) | |
Labour force | 42,514 (31 December 2022), 57% of whom commute daily from Switzerland (59.8%), Austria (36.2%), Germany (2.8%) and others (1.2%) |
Labour force by occupation |
|
| Unemployment | 1.3% (2022) |
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, watches, 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 | |
| N/A | |
| Revenues | $1.29 billion (2011 est.) |
| Expenses | $1.372 billion (2011 est.) |
| Standard & Poor's: AAA (Domestic) AAA (Foreign) AAA (T&C Assessment) Outlook: Stable | |
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.