Europe > Liechtenstein > Economy

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Agriculture > products wheat, barley, corn, potatoes; livestock, dairy products
Budget > Expenditures	$414,100,000.00		[7th of 165]
Budget > Revenues	$424,200,000.00		[7th of 166]
Debt > External	$0.00		[36th of 136]
Economic aid > Recipient	$0.00		[14th of 134]
Economy > 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 living standards on a par with its large European neighbors. 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 or so-called letter box companies to establish nominal offices in Liechtenstein, providing 30% of state revenues. The country participates in a customs union with Switzerland and uses the Swiss franc as its national currency. It imports more than 90% of its energy requirements. Liechtenstein has been a member of the European Economic Area (an organization serving as a bridge between the European Free Trade Association (EFTA) and the EU) since May 1995. The government is working to harmonize its economic policies with those of an integrated Europe.
Exchange rates Swiss francs per US dollar - 1.2435 (2004), 1.3467 (2003), 1.5586 (2002), 1.6876 (2001), 1.6888 (2000)
Exports to US	$50,700,000.00		[103rd of 224]
GDP	$825,000,000.00		[162nd of 203]
GDP (purchasing power parity)	$1,786,000,000.00		[1st of 187]
GDP > Composition by sector > Agriculture	7%		[79th of 146]
GDP > Composition by sector > Industry	42%		[23rd of 146]
Inflation rate (consumer prices)	1%		[28th of 192]
International tourism, number of arrivals	50,000		[134th of 190]
Tourist arrivals	57,000		[130th of 152]
Tourist arrivals by region of origin > Africa	170		[126th of 142]
Tourist arrivals by region of origin > Europe	44,944		[133rd of 195]
Tourist arrivals by region of origin > Southern Asia	47		[93rd of 102]
Trade balance with US	-$48,200,000.00		[152nd of 224]
Trade with US > US exports of textile, sewing machines	0		[180th of 183]

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