Liechtenstein Economic information

Liechtenstein is a small European country and is generally known for its high living standards, low tax rates and financial services sector. Here is Liechtenstein's economic information:

1. Gross domestic product (GDP): Liechtenstein's GDP in 2019 was estimated at

6.4 billion US dollars. This means that GDP per capita is approximately US$180,000, one of the highest GDP per capita values in the world.

2. Employment: The unemployment rate in Liechtenstein is quite low, usually below 2%. The working population of the country is approximately 40,000 people.

3. Sectors: Liechtenstein's economy is largely based on the service sector. It has a strong presence in areas such as financial services, banking, insurance and investment management. Additionally, the industrial sector is also important and operates in areas such as metal processing, machinery and vehicle manufacturing.

4. Tax regime: Liechtenstein is preferred by many individuals and companies due to its low tax rates and attractive tax regulations for companies. In particular, the corporate tax rate for companies is

12.5% and the personal income tax rate is also quite low.

5. Currency: Liechtenstein uses the Swiss franc (CHF). The Swiss franc supports the stability and reliability of the Liechtenstein economy.

6. Trade: Liechtenstein is in a customs union with Switzerland and has close economic links with Switzerland. The country's biggest exports include metalworking machinery, optical devices, medicines and watches.

7. Foreign investments: Liechtenstein is a country open to foreign investments and many foreign companies operate here. Foreign investments are especially concentrated in the financial services sector. Liechtenstein's economy is stable and strong despite its small size. Its strong presence in the financial services sector and low tax rates support the country's economic growth.