Liechtenstein’s economic output increased almost fivefold since 1972
10 August 2022
The “Economic and financial data on Liechtenstein” brochure provides an overview of the country’s economic development. Since 1972, the economic output of the country has increased almost fivefold. Private household income per capita in Liechtenstein is top of all EU/EFTA countries.
The Ministry for General Government Affairs and Finance has updated its “Economic and financial data on Liechtenstein” brochure. The fifth edition of the brochure “allows interested parties to gain a quick overview of the current status and economic development of the country”, as the Government of the Principality of Liechtenstein explains in its introduction. The brochure begins with general information about the country, a detailed presentation of Liechtenstein’s national economy and separate chapters on industry and manufacturing, financial services and public finances.
With regard to Liechtenstein’s national economy, gross national income per capital amounted to approximately 162,000 Swiss francs in 2019. Even when adjusted for purchasing power, Liechtenstein’s inhabitants have the highest level of prosperity among EU/EFTA states. Liechtenstein’s economic output has also developed strongly. Compared with real GDP in 1972, it had nearly quintupled by 2021. In Austria, Germany and Switzerland, the increase in the same period was between two- and threefold
With 3.3 billion francs in gross value added in 2019, the services sector had the highest share of Liechtenstein GDP in 2019. Industry and manufacturing accounted for 2.8 billion francs in the same year. In terms of direct investment and exports, Germany is the most important trading partner for Liechtenstein.