The government has published a brochure containing the latest available economic and financial information for Liechtenstein. It provides an overview of all relevant facts and figures on the economy and the public finances. It can be seen from the data that when comparing Liechtenstein against Austria, Germany, Luxembourg and Switzerland, it has the highest productivity (gross domestic product – GDP – in relation to employment). Between 1972 and 2016, Liechtenstein’s economic output increased fourfold. Austria, Germany and Switzerland only managed to a little more than double theirs in the same period. However, this GDP growth since the start of the new century is attributable to a rise in employment rather than improvements in productivity. It is also worth noting that the population of Liechtenstein has almost doubled since 1970 as well as the number of cross-border commuters rising from around 7,000 in 1990 to about 20,250.
Furthermore, the figures show that in relation to its GDP, Liechtenstein spends more on research and development than the leading research OECD countries of Israel, South Korea and Sweden. Research and development spending is almost exclusively accounted for by the private sector. This high research expenditure is bearing fruit: Liechtenstein submitted a total of 60 new patent applications in 2014. This corresponds to 1.6 patent registrations per 1,000 inhabitants, which the report notes is “extremely high” when compared with other countries.