Economy of Liechtenstein

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Economy of Liechtenstein

Vaduz
Currency	Swiss franc (CHF)
Country group	Developed/Advanced High-income economy[1]
Statistics
Population	40,015 (31 December 2023)[2]
GDP	$7.365 billion (nominal, 2022)[3] $4.978 billion (PPP, 2014 est.)[4]
GDP growth	1.8% (2011 est.)
GDP per capita	$187,267 (2022)[5]
GDP by sector	agriculture: 0.2% industry: 42% services: 57.9% (2021)[6]
Inflation (CPI)	2.8% (2022)[6]
Human Development Index	0.942 very high (2022)[7] (12th)
Labour force	42,514 (31 December 2022), 57% of whom commute daily from Switzerland (59.8%), Austria (36.2%), Germany (2.8%) and others (1.2%)[6]
Labour force by occupation	agriculture: 0.6% industry: 35% services: 64.4% (31 December 2022)[6]
Unemployment	1.3% (2022)[6]
Main industries	Electronics, metal manufacturing, dental products, ceramics, pharmaceuticals, financial services, food products, precision instruments, tourism, optical instruments
External
Exports	$3.76 billion (2011 est.)
Export goods	Small specialty machinery, connectors for audio and video, parts for motor vehicles, dental products, hardware, prepared foodstuffs, electronic equipment, optical products
Main export partners	n/av
Imports	$2.218 billion (2011 est.)
Import goods	Agricultural products, raw materials, energy products, machinery, metal goods, textiles, foodstuffs, motor vehicles
Gross external debt	0% (2001) debt holder of Switzerland, Austria and US
Public finances
Government debt	N/A
Revenues	$1.29 billion (2011 est.)
Expenses	$1.372 billion (2011 est.)
Credit rating	Standard & Poor's:[8] AAA (Domestic) AAA (Foreign) AAA (T&C Assessment) Outlook: Stable[9]
All values, unless otherwise stated, are in US dollars.

The economy of Liechtenstein is based on industry, with a small but significant agricultural sector, and services (especially general services, including tourism and information technology). The country participates in a customs union with Switzerland and uses the Swiss franc as its national currency. It imports more than 85% of its energy requirements. Liechtenstein has been a member of the European Free Trade Association (EFTA) since 1991 (previously its interests had been represented by Switzerland). It also has been a member of the European Economic Area (EEA) since May 1995 and participates in the Schengen Agreement for passport-free intra-European travel.