Liechtenstein: Country and Foreign Investment
Economy and Currency
Since uniting in a customs and economic union with Switzerland in 1924, and in spite of limited natural resources, Liechtenstein has developed from an agrarian society into a highly industrialised, free-enterprise economy. Industries includes electronics, metal manufacturing, textiles, ceramics, pharmaceuticals, food products, precision instruments and tourism.
The standard of living equals or exceeds that of the urban areas of neighbouring Europe. GNI (Gross National Income) per head is about CHF124,790 (2010); inflation and unemployment are both below 2%; there are trading and budget surpluses and the country has zero external debt.
The financial services sector has been extremely successful: key activities include private banking, trust services and investment management.
Liechtenstein's national currency is the Swiss Franc; there is no exchange control.