Liechtenstein banking services
*If you have assets worth $300,000 USD or more and would like it safeguarded in an Liechtenstein Bank Account, click here for a consultation request..
Economy—overview: Despite its small size and limited natural resources Liechtenstein has developed into a prosperous highly industrialized free-enterprise economy with a vital financial service sector and living standards on a par with the urban areas of its large European neighbors. Low business taxes—the maximum tax rate is 18%—and easy incorporation rules have induced about 73 700 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. It imports more than 90% of its energy requirements. Liechtenstein is a member of the European Economic Area (an organization serving as a bridge between EFTA and EU) since May 1995. The government is working to harmonize its economic policies with those of an integrated Europe.
GDP: purchasing power parity—$713 million (1996 est.)
GDP—real growth rate: NA%
GDP—per capita: purchasing power parity—$23 000 (1996 est.)
GDP—composition by sector:
agriculture: NA%
industry: NA%
services: NA%
Inflation rate—consumer price index: 0.5% (1997 est.)
Labor force:
total: 22 891 of which 13 847 are foreigners; 8 231 commute from Austria and Switzerland to work each day
by occupation: industry trade and building 46% services 52% agriculture fishing forestry and horticulture 2% (1996 est.)
Unemployment rate: 1.6% (1997)
Budget:
revenues: $455 million
expenditures: $435 million including capital expenditures of $NA (1996 est.)
Industries: electronics metal manufacturing textiles ceramics pharmaceuticals food products precision instruments tourism
Industrial production growth rate: NA%
Electricity—capacity: 23 000 kW (1995)
Electricity—production: 150 million kWh (1995)
Electricity—consumption per capita: 8 000 kWh (1995 est.)
Agriculture—products: wheat barley maize potatoes; livestock dairy products
Exports:
total value: $2.47 billion (1996)
commodities: small specialty machinery dental products stamps hardware pottery
partners: EU and EFTA countries 60.57% (Switzerland 15.7%) (1995)
Imports:
total value: $917.3 million (1996)
commodities: machinery metal goods textiles foodstuffs motor vehicles
partners: EU countries Switzerland (1996)
Debt—external: $0 (1996)
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—1.4757 (January 1998) 1.4513 (1997) 1.2360 (1996) 1.1825 (1995) 1.3677 (1994) 1.4776 (1993)
Fiscal year: calendar year
Source - world66.com
*If you have assets worth $300,000 USD or more and would like it safeguarded in an Liechtenstein Bank Account, click here for a consultation request..
Bank Frick & Co. AG Liechtensteiner Privatbank Balzers
Bank von Ernst (Liechtenstein) AG Vaduz
Centrum Bank AG Vaduz
Hypo Investment Bank Aktiengesellschaft Vaduz
LGT Bank in Liechtenstein Vaduz
Liechtensteinische Landesbank Aktiengesellschaft Vaduz
Neue Bank AG Vaduz
Verwaltungs- und Privat-Bank AG Vaduz
Volksbank AG Vaduz