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Liechtenstein


    • Overview:
      Despite its small size and limited natural resources, Liechtenstein has developed into a prosperous, highly industrialized, free-enterprise economy with a vital service sector and living standards on par with its large European neighbors. Low business taxes - the maximum tax rate is 20% - and easy incorporation rules have induced about 25,000 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. Liechtenstein plans to join the European Economic Area (an organization serving as a bridge between EFTA and EU) in 1995.

    • National product:
      GDP - purchasing power parity - $630 million (1990 est.)

    • National product real growth rate:
      NA%

    • National product per capita:
      $22,300 (1990 est.)

    • Inflation rate (consumer prices):
      5.4% (1990)

    • Unemployment rate:
      1.5% (1994)

    • Budget:

        revenues:
        $259 million

        expenditures:
        $292 million, including capital expenditures of $NA (1990 est.)

    • Exports:
      $NA

        commodities:
        small specialty machinery, dental products, stamps, hardware, pottery

        partners:
        EC countries 42.7%, EFTA countries 20.9% (Switzerland 15.4%), other 36.4% (1990)

    • Imports:
      $NA

        commodities:
        machinery, metal goods, textiles, foodstuffs, motor vehicles

        partners:
        NA

    • External debt:
      $NA

    • Industrial production:
      growth rate NA%

    • Electricity:

        capacity:
        23,000 kW

        production:
        150 million kWh

        consumption per capita:
        5,230 kWh (1992)

    • Industries:
      electronics, metal manufacturing, textiles, ceramics, pharmaceuticals, food products, precision instruments, tourism

    • Agriculture:
      livestock, vegetables, corn, wheat, potatoes, grapes

    • Economic aid:
      none

    • Currency:
      1 Swiss franc, franken, or franco (SwF) = 100 centimes, rappen, or centesimi

    • Exchange rates:
      Swiss francs, franken, or franchi (SwF) per US$1 - 1.2880 (January 1995), 1.3677 (1994), 1.4776 (1993), 1.4062 (1992), 1.4340 (1991), 1.3892 (1990)

    • Fiscal year:
      calendar year






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