Liechtenstein is the country in the world with the
highest gross domestic product (GDP) per capita. In 2016,
GDP per capita amounted to USD 165,028. In the period from
2006 to 2016, the country's GDP increased by 55.4 per cent.
Foreign companies that are registered in Liechtenstein for
tax reasons constitute an important source of income. 51 per
cent of Liechtenstein's foreign workforce is day commuters
from Austria, Germany and Switzerland.
In 1930, approximately 70 per cent of the population was
employed in agriculture, while in 2015 the proportion was
only 0.8 per cent. In agriculture, cattle farming plays the
most important role. Grape and fruit cultivation is carried
out on the valley sides. Otherwise wheat, barley, potatoes
and corn are grown. Agriculture's contribution to GDP is 7
COUNTRYAAH, 90 percent of the country's total energy needs must be
Liechtenstein's electricity production amounts to 68.43
million kWh, while imports are at 325.2 million kWh (2015).
The industry contributes 41.0 per cent of the country's
GDP and employs 36.9 per cent of the working population. In
the country there are almost 600 small and medium-sized
industrial enterprises. The product scope is large and
includes electronics, optical instruments, drilling and
bolting machines, ceramics, textiles, pharmaceutical
products, artificial teeth and other dental materials.
In Liechtenstein, almost 4000 companies are registered in
the service industry category, including many holding
companies. In total, the service industries contribute 52
per cent of the country's GDP and employ 62.3 per cent of
the working population.
The beautiful landscape and the good winter sports
opportunities have created the basis for a significant
tourism industry. In 2017, 80,900 foreign tourists visited
Liechtenstein. About 60 per cent of tourists come from
Switzerland and Germany and 15 per cent from Austria,
Belgium, Italy, the UK and the Netherlands.
Every year, several new sets of new stamps are released
for sale to tourists and philatelists.
Transport and Communications
The country's road network is 630 kilometers, while
waterways make up 28 kilometers. The Austrian rail line
Feldkirch – Buchs (Switzerland), which is part of the Paris
- Vienna (Arlberg express) section, crosses through the
northern part of Liechtenstein, where there are four railway
stations. The nearest international airport is Zurich
Liechtenstein has a customs union with Switzerland, and
its currency is Swiss franc (CHF). Switzerland is the
country's most important trading partner, but trade with
Switzerland is not included in the statistical overviews of
Liechtenstein's foreign trade.
Liechtenstein's exports totaled US $ 3,774 billion in
2014, while imports totaled US $ 2,230 billion. With this,
the country had a surplus in the foreign trade balance of US
$ 1,544 billion (excluding trade with Switzerland). Most of
the foreign trade takes place with different EU countries.
The main export products are less mechanical equipment,
motor vehicle parts, artificial teeth and other dental
materials, electronic equipment and optical products.
The main import goods are agricultural products, raw
materials, energy, textiles, motor vehicles and food