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Economy—overview: Despite its small size and limited natural resources, Liechtenstein has developed into a prosperous, highly industrialized, free-enterprise economy with a vital financial service sector and living standards on a par with the urban areas of its large European neighbors. Low business taxes—the maximum tax rate is 18%—and easy incorporation rules have induced about 73,700 holding or so-called letter box companies to establish nominal offices in Liechtenstein, providing 30% of state revenues. The country participates in a customs union with Switzerland and uses the Swiss franc as its national currency. It imports more than 90% of its energy requirements. Liechtenstein is a member of the European Economic Area (an organization serving as a bridge between European Free Trade Association (EFTA) and EU) since May 1995. The government is working to harmonize its economic policies with those of an integrated Europe.
GDP: purchasing power parity—$730 million (1998 est.)
GDP—real growth rate: NA%
GDP—per capita: purchasing power parity—$23,000 (1998 est.)
Inflation rate (consumer prices): 0.5% (1997 est.)
Labor force: 22,891 of which 13,847 are foreigners; 8,231 commute from Austria and Switzerland to work each day
Labor force—by occupation: industry, trade, and building 45%, services 53%, agriculture, fishing, forestry, and horticulture 2% (1997 est.)
Unemployment rate: 1.6% (1997)
Budget:
revenues: $455 million
expenditures: $435 million, including capital expenditures of $NA (1996
est.)
Industries: electronics, metal manufacturing, textiles, ceramics, pharmaceuticals, food products, precision instruments, tourism
Electricity—production: 150 million kWh (1995)
Agriculture—products: wheat, barley, maize, potatoes; livestock, dairy products
Exports: $2.47 billion (1996)
Exports—commodities: small specialty machinery, dental products, stamps, hardware, pottery
Exports—partners: EU and EFTA countries 60.57% (Switzerland 15.7%) (1995)
Imports: $917.3 million (1996)
Imports—commodities: machinery, metal goods, textiles, foodstuffs, motor vehicles
Imports—partners: EU countries, Switzerland (1996)
Debt—external: $0 (1996)
Economic aid—recipient: none
Currency: 1 Swiss franc, franken, or franco (SwF) = 100 centimes, rappen, or centesimi
Exchange rates: Swiss francs, franken, or franchi (SwF) per US$1—1.3837 (January 1999), 1.4498 (1998), 1.4513 (1997), 1.2360 (1996), 1.1825 (1995), 1.3677 (1994)
Fiscal year: calendar year
Communications
Telephones: 22,857 (1996 est.)
Telephone system: automatic telephone system
domestic: NA
international: linked to Swiss networks by cable and microwave radio
relay
Radio broadcast stations: 1 broadcast station in Triesen
note: linked to Swiss networks
Radios: 12,134 (1996)
Television broadcast stations: linked to Swiss networks (1997)
Televisions: 11,785 (1996)
Transportation
Railways:
total: 18.5 km; note—owned, operated, and included in statistics of
Austrian Federal Railways
standard gauge: 18.5 km 1.435-m gauge (electrified)
Highways:
total: 250 km
paved: 250 km
unpaved: 0 km
Ports and harbors: 0
Airports: 0
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Última actualització: 8 de juny de 2000