The Liechtenstein economy is recovering “remarkably well” says the latest economic report from the Office for Statistics. The results show that exports of companies in Liechtenstein were up 3.7 per cent in the second half of 2017, an improvement on the negative development of -2.6 per cent in the first half of the year. Overall, goods exports in 2017 were 0.5 per cent up compared to the previous year.
Liechtenstein’s companies were also able to boost their revenues. In 2017, the sales of the 25 selected biggest companies increased by 15 per cent on the previous year. Growth in the first half of the year amounted to 3 per cent. Companies recorded total sales growth of 9 per cent for 2017. The improvement was particularly notable in the finance sector. Client assets managed by banks in Liechtenstein increased by 23.5 per cent over the course of 2017, after growth of 4.8 per cent in the previous year.
Employment also improved further in 2017: at the end of the year, around 38,800 people were employed in Liechtenstein. This represents a year-on-year increase of 3.6 per cent. The companies in the metal and non-metal industries surveyed for the study about the general situation were satisfied in the fourth quarter of 2017 and confident about the start of 2018.