Liechtenstein

Liechtenstein : economy statistics and industry reports

  • Updated on : 06 August 2012  Source : The World Factbook

Imports

$1.73 billion (2009)
$2.59 billion (2008)

Exports

$2.79 billion (2009)
$3.92 billion (2008)

Inflation rate (consumer prices)

0.3% (2011)
0.7% (2010)

Unemployment rate

2.8% (2009)
1.5% (2007)

GDP - per capita (PPP)

$141,100 (2008 est.)
$147,500 (2007 est.)

National product real growth rate

1.8% (2008 est.)
3.1% (2007 est.)

Internet users

23,000 (2009)

Telephones - mobile cellular

35,500 (2009)

Population growth rate

0.795% (2012 est.)

Population

36,713 (July 2012 est.)

Historical background

The Principality of Liechtenstein was established within the Holy Roman Empire in 1719.

Occupied by both French and Russian troops during the Napoleonic wars, it became a sovereign state in 1806 and joined the Germanic Confederation in 1815.

Liechtenstein became fully independent in 1866 when the Confederation dissolved.

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Liechtenstein

Economic 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.

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