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	38,748 (1 January 2020, provisional)[2]
GDP	$6.872 billion (nominal, 2020)[3]
GDP growth	1.8% (real, 2011 est.)
GDP per capita	$180,227 (2020)[4]
GDP by sector	Agriculture: 7%; industry: 41%; services: 52% (2014)
Inflation (CPI)	−0.4% (CPI, 2016)
Population below poverty line	N/A
Gini coefficient	N/A
Human Development Index	0.942 very high (2022)[5] (12th)
Labour force	38,520 (2012) (2015 est.), 51% of whom commute daily from Austria, Switzerland, or Germany
Labour force by occupation	Agriculture: 0.8%; industry: 39.4%; services: 59.95% (2010)
Unemployment	1.8% (2019)[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:[7] AAA (Domestic) AAA (Foreign) AAA (T&C Assessment) Outlook: Stable[8]
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.