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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.)Related countries
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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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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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