In 2018, exports on the part of Liechtenstein companies rose by 6.1 percent. In terms of employment figures, growth of 2.6 percent was recorded over the same time frame. The sales revenue of 25 selected larger companies increased by 13 percent in 2018. The rises can be attributed to industry and financial services. General service providers were forced to contend with a sales decline. These figures were originally published in the most recent Economic Report compiled by the Liechtenstein Office for Statistics.
On the back of the strong previous year, the new year began with a slowdown in growth. In terms of exports, a fall of 4 percent versus the same quarter in the previous year was recorded. The decline was above all evident in direct exports within the European Economic Area (EAA) and to China. Exports to the USA remained stable.
According to the Liechtenstein Office for Statistics, the global economic downturn and recent developments in Liechtenstein indicate that the Liechtenstein economy’s growth path will be weaker over the coming months.