Three Gorges Dam
EnergyThe world's largest hydropower station by installed capacity, at 22.5 GW, and the main flood-control structure on the Yangtze.
The Principality of Liechtenstein was established within the Holy Roman Empire in 1719. Occupied by both French and Russian troops during the Napoleonic Wars, it became a sovereign state in 1806 and joined the Germanic Confederation in 1815. Liechtenstein became fully independent in 1866 when the Confederation dissolved. Until the end of World War I, it was closely tied to Austria, but the economic devastation caused by that conflict forced Liechtenstein to enter into a customs and monetary union with Switzerland. Since World War II (in which Liechtenstein remained neutral), the country's low taxes have spurred outstanding economic growth. …
The National Infrastructure Index maps the physical assets national life runs on — power stations and grids, water systems, ports, railways and airports, data networks, payment systems and launch sites. Each asset is placed in a Strategic Infrastructure capability group, so it can be read against the ratings in the National Capability index above.
Assets are chosen for how much of the economy and state depends on them and how hard they would be to replace. Each card records what the asset is, the category it belongs to, what it does and where it is.
Example assets. These twenty cards are modelled on China's most critical infrastructure and show on every nation page until each nation's own assets are mapped.
The world's largest hydropower station by installed capacity, at 22.5 GW, and the main flood-control structure on the Yangtze.
A 16 GW dam on the Jinsha River, built around sixteen 1 GW turbines, the largest single units in service.
A ±1,100 kV direct-current line carrying 12 GW more than 3,000 km from Xinjiang's power bases to the eastern grid.
China's first large commercial nuclear plant, in service since 1994, with much of its output sold to Hong Kong.
A canal carrying Yangtze basin water more than 1,400 km north from the Danjiangkou Reservoir to Beijing and Tianjin.
The 1,318 km trunk line between the two largest cities, opened in 2011 and one of the busiest high-speed routes in the world.
The world's busiest container port since 2010, including the automated Yangshan deep-water terminals.
The world's largest port by cargo tonnage, handling iron ore, crude oil and coal for the eastern industrial belt.
The capital's second international hub, opened in 2019 around one of the largest single terminal buildings in the world.
A 55 km bridge and undersea tunnel system linking the western and eastern shores of the Pearl River Delta, opened in 2018.
The 1,956 km line from Xining to Lhasa, crossing the Tanggula Pass at 5,072 m, the highest railway in the world.
One of eight national data centre hubs under the East Data, West Computing programme, hosting major cloud providers.
A 2,000 km quantum key distribution trunk line through Jinan and Hefei, completed in 2017 for secure government and bank links.
CIPS clears and settles cross-border payments in renminbi, launched in 2015 to extend the currency's international reach.
The coastal launch site for Long March 5 heavy-lift rockets, used for the Tiangong station modules and lunar and Mars missions.
China's first launch site, founded in 1958 in the Gobi Desert, and the base for every crewed Shenzhou mission.
The national satellite navigation system, providing global positioning and timing since 2020 from its Beijing control segment.
The world's largest known rare-earth deposit and the core of China's rare-earth mining and refining supply chain.
A weir and channel system built around 256 BC that still irrigates much of the Chengdu Plain's farmland.
China's leading maker of 3D NAND flash memory, central to the drive for a domestic semiconductor supply.
The National Development Index tracks the events that move a nation's capability — policy decisions, technological milestones, economic turns and external shocks — and places each one on the record with the date it happened and what followed from it. It is the narrative counterpart to the indices: where a rating says where Liechtenstein stands, the index says how it arrived there.
Recent developments cover the current cycle, close enough that their consequences are still unfolding. Historical developments are the inflection points behind the present position — the decisions and events a reader needs in order to read the ratings above in context.
The earliest agricultural communities appeared in the valleys of what would become Liechtenstein around 5300 BC. This marked the transition from Middle Palaeolithic traces of habitation to settled cultivation in the region.
Caesar's victory brought the Alpine Rhine region, then occupied by the Vennones, under Roman subjugation. It began the process of Roman control over the territory that later became Liechtenstein.
The future emperor Tiberius and his brother Drusus subdued the entire Alpine region, which was then integrated into the Roman province of Raetia. The area was garrisoned by the Roman army, with legionary camps at Brigantium and Magia, and a Roman road was built through the territory.
Around 260 AD the Germanic Alemanni destroyed Brigantium (modern Bregenz), a key Roman legionary base near Lake Constance. The attack signalled the collapse of Roman authority in the Alpine Rhine valley.
Following the collapse of Roman control, the Alemanni settled in the area around 450, later occupying the eastern Swiss plateau by the 5th century and the Alpine valleys by the end of the 8th. The territory lay at the eastern edge of Alamannia, establishing the Germanic character of its later population.
Clovis I's victory over the Alemanni led to the area becoming part of the Frankish Empire in the 6th century. The territory remained under Merovingian and then Carolingian hegemony for over three centuries.
After Charlemagne's death in 814, the Treaty of Verdun partitioned the Carolingian empire, placing the future Liechtenstein in East Francia. The territory was later reunified with Middle Francia under the Holy Roman Empire around 1000.
Around the year 1000 the lands of East and Middle Francia were brought together under the Holy Roman Empire. This imperial framework would define Liechtenstein's constitutional position for the following eight centuries.
Until about 1100 Romansch was the predominant language of the area; thereafter German gained ground. The linguistic shift laid the basis for the Alemannic German still spoken by the great majority of Liechtensteiners.
The collapse of the Kyburg line in 1264 allowed the Habsburgs, whose Rudolph I became Holy Roman Emperor in 1273, to push into the eastern Alpine plateau. Habsburg dominance over the surrounding lands would shape the region's feudal politics for centuries.
An Alemannic population originating in Valais entered and settled the region in 1300. The mountain village of Triesenberg still preserves features of the Walser dialect.
In 1396 Vaduz, the future southern region of Liechtenstein, became subject to the Holy Roman Emperor alone, with no intermediate feudal superior. This status was the essential legal precondition for the later creation of a sovereign principality.
During the early 17th century Karl I of Liechtenstein was elevated to princely rank by Holy Roman Emperor Matthias after backing him in a political struggle. The title, however, still lacked any territory held directly from the imperial throne, leaving the dynasty without a seat in the Reichstag.
The Liechtenstein family acquired the Lordship of Schellenberg in 1699 and the county of Vaduz in 1712, both held with no suzerain other than the emperor. These purchases finally gave the dynasty the unmittelbar territory required to qualify for imperial standing.
On 23 January 1719 Emperor Charles VI united the lordships of Vaduz and Schellenberg, purchased by the princely House of Liechtenstein, and elevated the combined territory to a Reichsfürstentum named Liechtenstein in honour of Anton Florian of Liechtenstein. From that date Liechtenstein was a mostly sovereign immediate member state of the Holy Roman Empire, and the state created by this act survives with largely unchanged borders today.
After Napoleon's victory at Austerlitz in 1805, Francis II abdicated and dissolved the Holy Roman Empire in 1806, ending Liechtenstein's centuries-long status within the Empire and more than 960 years of feudal government. From 25 July 1806 the Prince of Liechtenstein was a member and effective vassal of Napoleon's Confederation of the Rhine, but the state no longer owed obligation to any feudal lord, giving the principality full sovereignty for the first time. It later belonged to the German Confederation from 1815 to 1866.
The Confederation of the Rhine was dissolved on 19 October 1813 following Napoleon's defeats. Liechtenstein was left without an external protector until the post-war settlement.
On 20 June 1815 Liechtenstein entered the German Confederation, presided over by the Emperor of Austria. Membership anchored the principality to the Austrian sphere for the next half-century.
In 1818 Johann I issued Liechtenstein's first constitution, though its provisions were restricted. It marked the beginning of formal constitutional government in the principality.
In 1818 Aloys became the first member of the House of Liechtenstein to set foot in the country bearing their name. The next princely visit did not occur until 1842, illustrating the dynasty's detachment from its titular state.
Bilateral customs and currency treaties with Austria tied the principality's economy to the Habsburg monarchy. This was an early stage in Liechtenstein's strategy of preserving sovereignty through integration with a larger neighbour.
A new constitution was promulgated in 1862, replacing the limited charter of 1818. It provided the framework of governance through the period in which the state attained full independence.
The collapse of the German Confederation in 1866 left Liechtenstein without any overarching confederal authority, making it fully sovereign. This is the point from which the modern independent principality dates.
Soon after the Austro-Prussian War of 1866, in which Liechtenstein fielded 80 men who saw no fighting, the cost of the force became untenable. The Prince objected that disbandment would leave the country defenceless but relented on 12 February 1868; permanent disarmament has defined Liechtenstein's security posture ever since.
A railway connecting Switzerland and the Austro-Hungarian Empire was constructed across Liechtenstein in 1872. It gave the landlocked principality a link into the wider European transport network.
Carl von In der Maur was appointed Governor in 1884. The choice of an Austrian noble reflected the principality's close administrative dependence on the Habsburg monarchy.
Two bridges across the Rhine into Switzerland were completed in 1886. They improved the westward links that would later become the principality's principal economic orientation.
Liechtenstein stayed formally neutral throughout the war while remaining dependent on its neighbours; some subjects, such as Prince Heinrich, worked for Austria-Hungary. The war's economic devastation ended the country's viable orientation towards the collapsing Habsburg monarchy.
Popular unrest caused by wartime economic devastation produced a putsch in November 1918. It set in train the process that produced a new constitution based on constitutional monarchy.
Following the 1918 putsch, a new constitution introduced constitutional monarchy in 1921. Its strong direct-democratic and citizen-oriented decision-making mechanisms remain the anchor of the country's domestic legitimacy and foreign policy.
Economic collapse after the First World War forced Liechtenstein into a customs and monetary union with Switzerland, formalised in 1923. The treaty reoriented the principality westwards and led to Switzerland handling most of its consular representation, followed by a range of further bilateral treaties.
The move followed a 1923 customs union with Switzerland, agreed after the collapse of the Austro-Hungarian krone and the end of the customs union with Austria following the First World War. Swiss francs had already circulated informally since 1917.
A Rhine flood in 1927 caused enormous erosion and created the Gampriner Seelein, the only naturally formed lake in Liechtenstein. The event illustrated the river's destructive potential before later canalisation works.
Franz I acceded in 1929, having recently married Elisabeth von Gutmann, a wealthy Viennese woman of Jewish descent. Local Nazi sympathisers within the National Union party identified her as their Jewish 'problem', and pro-Nazi agitation persisted through the 1930s.
Just after Nazi Germany's annexation of Austria, the elderly Franz I appointed his 31-year-old grandnephew regent and moved to Czechoslovakia. He died on 25 July 1938 and Franz Joseph formally succeeded him as Prince.
Liechtenstein remained officially neutral, looking to Switzerland for assistance while dynastic treasures from Bohemia, Moravia and Silesia were moved there for safekeeping. Operation Tannenbaum, the Nazi plan to conquer Switzerland, also covered Liechtenstein, but the plan was abandoned in 1944 after the Allied invasion of France.
A coup was attempted in March 1939 during the prince's state visit to Berlin. Its failure preserved Liechtenstein's independence at the height of German expansion.
In 1943 a canal was constructed running the length of the country from its southern end and emptying into the Rhine in the north. The work improved drainage and flood control in the Rhine valley lowlands.
The unit, which had fought alongside German forces, crossed the border in May 1945 and Liechtenstein refused Soviet demands to extradite them. It remains the only state that declined to hand back such fighters after the war.
Having remained neutral in the war, the principality developed into a prosperous financial centre on the strength of its low tax regime.
Treating them as German possessions, Czechoslovakia and Poland seized over 1,600 square kilometres of dynastic agricultural and forest land, including the Lednice–Valtice Cultural Landscape, plus several castles and palaces. The losses left Liechtenstein in dire financial straits and remain the subject of legal dispute at the International Court of Justice.
Post-war reconstruction was followed by accession to the ICJ Statute in 1950. Membership of legal communities became the principal means by which the small state defended its sovereignty.
Impoverished after the war, the princely house sold family artistic treasures, including the Leonardo da Vinci portrait bought by the United States National Gallery of Art in 1967 for US$5 million. It was then a record price for a painting and illustrated the dynasty's straitened finances before the country's later prosperity.
Gross gaming revenue fell 59 per cent in 2025 after Switzerland and Liechtenstein began honouring each other's gambling self-exclusion lists, cutting off tens of thousands of Swiss customers. By July 2026 only four casinos remained in operation.
The intrusion, detected on 30 July 2026, targeted the register that lists individuals behind companies, foundations and trusts to help prevent money laundering. Authorities said preliminary findings showed no data had been altered or deleted.
The 'Fristenlösung für Liechtenstein' initiative seeks to decriminalise abortion within the first twelve weeks in a country with one of Europe's strictest bans. Hereditary Prince Alois, who holds veto power, has said he would block any resulting law even if voters approve it.
The Fund found growth had stalled in 2025 amid weak external demand and higher United States tariffs, with unemployment rising to around two per cent after job losses in the automotive supply sector. It judged the fiscal position to remain strong despite the headwinds.
Issued from 3 February 2026, the new document includes individually designed interior pages, additional anti-fraud elements and a polycarbonate data page, replacing the previous design.
The move brought national measures into line with a Council of the European Union decision on restrictive measures relating to actions undermining Ukraine's territorial integrity and sovereignty. Liechtenstein does not recognise Russia's annexation of Crimea.
The regent's address opened the 2026 parliamentary year and was followed by the Landtag's annual elections for its presiding officers. It marked the second full year of the government led by Prime Minister Brigitte Haas, the country's first woman to hold the office.
The revised protocol updates the common reporting standard used to share account data with EU tax authorities and aligns with new global crypto-asset reporting rules due to take effect from January 2026. It forms part of Liechtenstein's continued financial-transparency commitments.
The regulatory-compliant platform involves partners including Bank Frick and Bitcoin Suisse and is intended to support token and digital-asset services under Liechtenstein's blockchain law. It builds on the country's Token and Trusted Technology Service Provider Act framework.
The deal, agreed alongside other European Free Trade Association states on 16 September 2025, opens trade with Argentina, Brazil, Paraguay and Uruguay. It came amid a wave of agreements EFTA states pursued to diversify trade as global tariffs rose.
Membership was confirmed at the World Bank Group annual meeting in Washington, D.C. on 21 October 2024. Joining the IMF completed the small state's integration into the principal global financial institutions.
Parliament approved same-sex marriage in 2024, with the law entering into force in 2025. The reform aligned the principality's family law with prevailing European norms.
The artist rode over 1,000 miles within 24 hours on the first electric Harley-Davidson, finishing at Ruggell. The record still stood in 2023.
A 2020 referendum blocked plans to upgrade the line through the country and increase rail traffic. The Schaanwald station had already closed in 2013, leaving a limited weekday regional service.
On 20 September 2017 the disarmed principality signed the UN nuclear prohibition treaty. The act was consistent with its long-standing reliance on international law rather than armed force.
The October 2015 agreement committed both sides to automatic information exchange in tax disputes, with data collection beginning in 2016. It marked the end of Liechtenstein's banking secrecy model.
In 2012 some 76% of voters rejected a proposal to limit the princely veto over legislation approved by referendum. The high-turnout result confirmed popular endorsement of the 2003 constitutional settlement.
The agreement of 2 September 2009 followed the OECD model and provided for exchange of tax information on request from the 2010 tax year. In August 2009 a comparable arrangement was agreed with the United Kingdom's HM Revenue & Customs, covering an estimated £3 billion held by British investors.
On 27 May 2009 the OECD delisted Liechtenstein following its commitments on tax transparency. The move began the principality's rehabilitation from its reputation as a tax haven.
Relations were opened with the Czech Republic on 13 July 2009 and with Slovakia on 9 December 2009, ending a long rupture rooted in the post-war Beneš decrees and the expropriation of dynastic property. Liechtenstein citizens had been barred from entering Czechoslovakia throughout the Cold War.
In February 2008 German prosecutors, using data bought from a former LGT employee, opened the largest complex of tax-evasion inquiries in Germany's history and pursued cases against clients across Europe, straining relations with Liechtenstein's ruling family. The affair added pressure on Liechtenstein, which the OECD had identified in 2007 as one of the remaining uncooperative tax havens alongside Andorra and Monaco, and led it to overhaul its banking secrecy rules in subsequent years.
The channel was created in 2008 with the aim of joining the European Broadcasting Union, an objective it never achieved and has since abandoned. Domestic broadcasting capacity has remained minimal.
Accession in 2008 integrated the principality into Europe's border-free travel and asylum framework. It deepened alignment with the European Union without membership.
A 170-man Swiss unit got lost on exercise and inadvertently crossed the border in March 2007. The episode was resolved without incident between the two closely tied neighbours.
New surveys in 2006 fixed the country's area at 160 square kilometres with borders of 77.9 kilometres. The revision confirmed Liechtenstein as Europe's fourth-smallest state.
The 2005 report revealed that Jewish slave labourers from the Strasshof concentration camp, supplied by the SS, had worked on Austrian estates owned by Liechtenstein's Princely House. Though no evidence of the house's knowledge was found, the report held it responsible.
The country's only domestic radio station, based in Schaan, was founded in 2004 together with Liechtensteinischer Rundfunk. It ceased operations in 2025 after a referendum required privatisation and no agreement could be reached before the deadline.
In 2004 the reigning prince made his eldest son regent, mirroring the arrangement made for him in 1984. Alois has since exercised the practical functions of the head of state.
A constitutional referendum in March 2003, proposed by Prince Hans-Adam II who had threatened to leave the country if it failed, granted the monarch broad veto authority over legislation, the power to dismiss the government, to nominate judges and to rule by emergency decree, while granting citizens the power to abolish the monarchy by popular vote. Approved by a substantial majority on high turnout, it made Liechtenstein's monarchy the most powerful in Europe.
Shortcomings in banking regulatory oversight in 2000 raised concerns about the use of financial institutions for money laundering. Liechtenstein responded with anti-money-laundering legislation and a Mutual Legal Assistance Treaty with the United States that took effect in 2003.
Since 2002 Liechtenstein has maintained a resident ambassador to Germany, while the German embassy in Switzerland covers the principality. It marked an expansion of independent diplomatic representation.
The building, finished in November 2000, forms a 'black box' of tinted concrete and black basalt stone. It became a landmark of the capital's cultural infrastructure.
From 2000 Switzerland accredited an ambassador to the principality, though he resides in Bern. The step formalised a relationship long conducted through the customs union.
Membership, which took effect on 1 May 1995, gave Liechtenstein access to the EU single market while it remained outside the union itself. The same year it also joined the World Trade Organization.
The Forum of Small States was founded by Singapore in 1992 and now contains 108 nations that had fewer than ten million inhabitants on joining. Liechtenstein's membership reflects its diplomacy of small-state solidarity.
Full EFTA membership in 1991 gave Liechtenstein an independent trade identity alongside its Swiss customs union. It paved the way for participation in the European Economic Area.
Accession on 18 September 1990 followed decades in which the principality had relied on Switzerland to represent its interests abroad. It marked a step towards fuller independent participation in international affairs.
Hans-Adam II began his reign in 1989 and has held the throne since. His tenure encompassed UN accession, EEA membership and the constitutional expansion of princely powers.
Swiss artillery fired shells during a training exercise that mistakenly burned a patch of forest inside Liechtenstein. The incident underlined the disarmed principality's reliance on its larger neighbour.
Women's suffrage took effect on 1 July 1984 after a referendum decided by a narrow margin among male voters, three earlier referendums in 1968, 1971 and 1973 having rejected it. The reform completed the democratisation of the principality's franchise and made Liechtenstein the last country in Europe to grant women the right to vote in national elections.
In 1984 day-to-day governmental duties were transferred to the heir as regent. The arrangement became a dynastic precedent, repeated in 2004.
Accession in 1978 brought Liechtenstein into Europe's principal human rights and legal community. It continued the strategy of securing sovereignty through membership of international institutions.
Liechtenstein joined the Helsinki process, forerunner of the OSCE, in 1975. Participation extended the small state's international legal standing during the Cold War.
The Principality of Liechtenstein was established within the Holy Roman Empire in 1719. Occupied by both French and Russian troops during the Napoleonic Wars, it became a sovereign state in 1806 and joined the Germanic Confederation in 1815. Liechtenstein became fully independent in 1866 when the Confederation dissolved. Until the end of World War I, it was closely tied to Austria, but the economic devastation caused by that conflict forced Liechtenstein to enter into a customs and monetary union with Switzerland. Since World War II (in which Liechtenstein remained neutral), the country's low taxes have spurred outstanding economic growth. In 2000, shortcomings in banking regulatory oversight resulted in concerns about the use of financial institutions for money laundering. However, Liechtenstein implemented anti-money laundering legislation and a Mutual Legal Assistance Treaty with the US that went into effect in 2003.
23 January 1719 (Principality of Liechtenstein established); 12 July 1806 (independence from the Holy Roman Empire); 24 August 1866 (independence from the German Confederation)
Assumption Day, 15 August
Central Europe, between Austria and Switzerland
47 16 N, 9 32 E
Europe
about 0.9 times the size of Washington, DC
0 km (doubly landlocked)
none (landlocked)
mostly mountainous (Alps) with Rhine Valley in western third
hydroelectric potential, arable land
NA
NA
along with Uzbekistan, one of only two doubly landlocked countries in the world; variety of microclimatic variations based on elevation
NA
continental; cold, cloudy winters with frequent snow or rain; cool to moderately warm, cloudy, humid summers
Capability-group ratings for Critical Technology are part of the GINC National Capability Framework rather than the country factbook. They are published in the National Capability index, and the per-capability detail lives on the capability pages.
Clinical research and life-science invention, drawn from the same series that drive the metric pages. Each card opens the full cross-country comparison.
38,000 (2012)
23,000 (2009)
.li
145.3 million kWh (2012)
1.36 billion kWh (2012)
1.214 billion kWh (2012)
20,000 (2012)
14,278 (2012)
gas 20 km (2013)
28 km (2010)
Active-duty strength on the Correlates of War series, which reaches back to 1816 and so carries a nation’s whole record of mobilisation rather than its present establishment. The card opens the full cross-country comparison.
Liechtenstein has no military forces, but the modern National Police maintains close relations with neighboring forces. (2013)
no regular military forces; National Police maintains close relations with neighboring forces (2013)
37,313 (July 2014 est.)
0.82% (2014 est.)
10.53 births/1,000 population (2014 est.)
7.02 deaths/1,000 population (2014 est.)
1.69 children born/woman (2014 est.)
4.72 migrant(s)/1,000 population (2014 est.)
VADUZ (capital) 5,000 (2011)
NA%
NA
NA
NA
2.1% of GDP (2008)
none
hereditary constitutional monarchy
11 communes (Gemeinden, singular - Gemeinde); Balzers, Eschen, Gamprin, Mauren, Planken, Ruggell, Schaan, Schellenberg, Triesen, Triesenberg, Vaduz
previous 1862; latest adopted 5 October 1921; amended many times, last in 2011 (2013)
18 years of age; universal
civil law system influenced by Swiss, Austrian, and German law
accepts compulsory ICJ jurisdiction with reservations; accepts ICCt jurisdiction
unicameral Parliament or Landtag (25 seats; members elected by popular vote under proportional representation to serve four-year terms)
has strengthened money laundering controls, but money laundering remains a concern due to Liechtenstein's sophisticated offshore financial services sector
The Free List (Die Freie Liste) or FL [Wolfgang MARXER]//the independents (Die Unabhaengigen) or DU [Harry QUADERER]//Progressive Citizens' Party (Fortschrittliche Buergerpartei) or FBP [Alexander BATLINER]//Fatherland Union (Vaterlaendische Union) or VU [Jakob BUECHEL]
NA
two equal horizontal bands of blue (top) and red with a gold crown on the hoist side of the blue band; the colors may derive from the blue and red livery design used in the principality's household in the 18th century; the prince's crown was introduced in 1937 to distinguish the flag from that of Haiti
German 94.5% (official) (Alemannic is the main dialect), Italian 1.1%, other 4.3% (2010 est.)
Roman Catholic (official) 75.9%, Protestant Reformed 6.5%, Muslim 5.4%, Lutheran 1.3%, other 2.9%, none 5.4%, unspecified 2.6% (2010 est.)
Liechtensteiner 65.6%, other 34.4% (2000 census)
relies on foreign terrestrial and satellite broadcasters for most broadcast media services; first Liechtenstein-based TV station established August 2008; Radio Liechtenstein operates multiple radio stations; a Swiss-based broadcaster operates several radio stations in Liechtenstein (2008)
CD, CE, EBRD, EFTA, IAEA, ICRM, IFRCS, Interpol, IOC, IPU, ITSO, ITU, ITUC (NGOs), OPCW, OSCE, PCA, Schengen Convention, UN, UNCTAD, UPU, WIPO, WTO
the US does not have an embassy in Liechtenstein; the US Ambassador to Switzerland, currently Charge d'Affaires Jeffrey R. CELLARS, is accredited to Liechtenstein
25.2% of GDP (2011 est.)
-1.6% of GDP (2011 est.)
-0.7% (2012)//0.2% (2011)
$0 (2001)
Swiss francs (CHF) per US dollar -//0.9542 (2013)//0.9374 (2012)//1.0429 (2010)//1.0881 (2009)//1.0774 (2008)
$5.113 billion (2010 est.)
electronics, metal manufacturing, dental products, ceramics, pharmaceuticals, food products, precision instruments, tourism, optical instruments
NA%
35,830 (2012)
2.3% (2012)//2.5% (2011)
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 likely the second highest per capita income in the world. The Liechtenstein economy is widely diversified with a large number of small businesses. Low business taxes - the maximum tax rate is 20% - and easy incorporation rules have induced many holding 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 has been a member of the European Economic Area (an organization serving as a bridge between the European Free Trade Association (EFTA) and the EU) since May 1995. The government is working to harmonize its economic policies with those of an integrated Europe. Since 2008, Liechtenstein has faced renewed international pressure - particularly from Germany - to improve transparency in its banking and tax systems. In December 2008, Liechtenstein signed a Tax Information Exchange Agreement with the US. Upon Liechtenstein's conclusion of 12 bilateral information-sharing agreements, the OECD in October 2009 removed the principality from its "grey list" of countries that had yet to implement the organization's Model Tax Convention. By the end of 2010, Liechtenstein had signed 25 Tax Information Exchange Agreements or Double Tax Agreements. In 2011 Liechtenstein joined the Schengen area, which allows passport-free travel across 26 European countries.
$3.2 billion (2009)//$3.216 billion (2008)//$3.159 billion (2007)
1.8% (2012 est.)//-0.5% (2009 est.)//3.1% (2007 est.)
$89,400 (2009 est.)//$90,600 (2008 est.)//$89,700 (2007 est.)
wheat, barley, corn, potatoes; livestock, dairy products
calendar year
$NA
$3.801 billion (2012 est.)//$3.757 billion (2011 est.)
small specialty machinery, connectors for audio and video, parts for motor vehicles, dental products, hardware, prepared foodstuffs, electronic equipment, optical products
$2.09 billion (2012 est.)//$2.218 billion (2011 est.)
agricultural products, raw materials, energy products, machinery, metal goods, textiles, foodstuffs, motor vehicles