Liechtenstein's industry is heavily export-oriented and focuses on high-quality goods and services. Manufacturing, machine and plant construction, precision tools, dental instruments and the food industry are the main areas of activity.
Around 40% of Liechtenstein's workforce is employed in the industrial sector, which together with the manufacturing sector generates no less than 40% of the country's annual gross value added. Many industrial companies are highly specialised and work in niche markets. Through intensive research and development, a significant number of them have become global leaders.
Though Liechtenstein is home to a number of large industrial companies, it is the many small and medium-sized enterprises (SMEs) that form the backbone of the economy. The average business in Liechtenstein employs fewer than ten members of staff, yet these workers are characterised by excellent qualifications and high productivity.