| LIECHTENSTEIN ECONOMY STATS: |
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Agriculture > products
wheat, barley, corn, potatoes; livestock, dairy products |
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Budget > Expenditures
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$414,100,000.00 |
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[7th of 165]
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Definition: Economy > Budget > Expenditures |
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Budget > Revenues
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$424,200,000.00 |
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[7th of 166]
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Definition: Economy > Budget > Revenues |
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Debt > External
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$0.00 |
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[36th of 136]
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Definition: Economy > Debt > External |
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Economic aid > Recipient
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$0.00 |
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[14th of 134]
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Definition: Economy > Economic aid > Recipient |
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. |
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Definition: Economy > Economy > Overview |
Exchange rates
Swiss francs per US dollar - 1.2435 (2004), 1.3467 (2003), 1.5586 (2002), 1.6876 (2001), 1.6888 (2000) |
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Definition: Economy > Exchange rates |
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Exports to US
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$50,700,000.00 |
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[103rd of 224]
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Definition: Economy > Exports to US |
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GDP
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$825,000,000.00 |
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[162nd of 203]
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Definition: Economy > GDP |
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GDP (purchasing power parity)
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$1,786,000,000.00 |
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[1st of 187]
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Definition: Economy > GDP (purchasing power parity) |
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GDP > Composition by sector > Agriculture
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7% |
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[79th of 146]
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Definition: Economy > GDP > Composition by sector > Agriculture |
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GDP > Composition by sector > Industry
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42% |
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[23rd of 146]
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Definition: Economy > GDP > Composition by sector > Industry |
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Inflation rate (consumer prices)
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1% |
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[28th of 192]
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Definition: Economy > Inflation rate (consumer prices) |
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International tourism, number of arrivals
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50,000
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[134th of 190]
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Definition: Economy > International tourism, number of arrivals |
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Tourist arrivals
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57,000 |
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[130th of 152]
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Definition: Economy > Tourist arrivals |
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Tourist arrivals by region of origin > Africa
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170 |
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[126th of 142]
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Definition: Economy > Tourist arrivals by region of origin > Africa |
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Tourist arrivals by region of origin > Europe
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44,944 |
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[133rd of 195]
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Definition: Economy > Tourist arrivals by region of origin > Europe |
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Tourist arrivals by region of origin > Southern Asia
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47 |
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[93rd of 102]
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Definition: Economy > Tourist arrivals by region of origin > Southern Asia |
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Trade balance with US
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-$48,200,000.00 |
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[152nd of 224]
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Definition: Economy > Trade balance with US |
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Trade with US > US exports of textile, sewing machines
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0 |
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[180th of 183]
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Definition: Economy > Trade with US > US exports of textile, sewing machines |
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