Economical overview
Liechtenstein is one of the world's richest
countries in terms of gross domestic product (GDP) per
inhabitant. However, the figure is not really clear, as
more than half the workforce lives in one of the
neighboring countries. The economy is closely linked to
Switzerland.
The currency is Swiss Franc and the two neighboring
countries have long had a customs union. Government
revenues cover expenditure more than well and inflation
is generally low as is unemployment.
-
Countryaah.com:
Major imports by Liechtenstein, covering a full list of top products imported by the country and trade value for each product category.
Liechtenstein is largely associated with the service
industry that holds the important banking and financial
sectors. Finance companies have been attracted to the
country through low taxes and a banking secrecy that has
been one of the world's strictest. But the secrecy has
also attracted organized crime such as "laundered money"
through bank accounts in Liechtenstein. Other Western
countries have pushed for asserted privacy, stricter
legislation and tougher surveillance.
Hundreds of millionaires live in the country. The
princely family, which owns, among other things, the
largest bank LGT, has assets that are believed to amount
to billions.
-
Abbreviationfinder.org: Check this abbreviation website to find three letter ISO codes for all countries in the world, including LIE which represents the country of Liechtenstein. Check findjobdescriptions to learn more about Liechtenstein.
Liechtenstein has more companies than inhabitants:
some 75,000 foreign so-called mailbox companies have
established themselves in Vaduz for tax reasons. Fees on
their operations account for up to one-third of the
principal's revenue each year.
FACTS - FINANCE
GDP per person
US $ 165,028 (2016)
Total GDP
US $ 6,215 million (2016)
GDP growth
-1.2 percent (2009)
Currency
CHF
|