Main exports were metal by-products (22 percent of total exports), machinery, apparatus and electronics (22 percent), precision instruments, watches and jewelry (12 percent), vehicles (11 percent), pharmaceutical and chemicals products (10 percent) and precious metals, precious and gemstones (8 percent).

What makes Liechtenstein so rich?

The country is the world’s richest country per capita, driven by a 12.5% corporate tax rate—among the lowest in the continent—and freewheeling incorporation rules resulting in many holding companies establishing offices in the country’s capital, Vaduz.

What type of economy does Liechtenstein have?

free-enterprise economy
Economy – overview: Despite its small size and lack of natural resources, Liechtenstein has developed into a prosperous, highly industrialized, free-enterprise economy with a vital financial services sector and one of the highest per capita income levels in the world.

Is Liechtenstein safe?

Liechtenstein is easily one of the safest countries in the world, though it is not without its problems. The most common crime in Liechtenstein is of a non-violent nature, though the Principality maintains a well-equipped police force which maintains a presence on the streets.

What country has no airport?

the Vatican City
From being the smallest country in the world, the Vatican with an area of just 0.44 square km is another country without an airport. Even though the Vatican City is right in the centre of Rome, there is no alternate sea or river route of transport and is among the list of few countries where access is almost on foot.

Is everyone in Liechtenstein rich?

Liechtenstein’s per capita GDP is $165,028 — the second-highest in the world. Its GDP is surpassed only by Monaco’s, the lavishly wealthy city-state on the French Riviera, where the per capita GDP is $166,726 and an estimated one-third of the population are millionaires.

What kind of food does the country of Liechtenstein produce?

Liechtenstein produces wheat, barley, corn, potatoes, dairy products, livestock, and wine . Since 1923, there has been no border control between Liechtenstein and Switzerland.

What kind of jobs do they have in Liechtenstein?

Labor force: 35,830 note: 51% of the labor force in Liechtenstein commute daily from Austria, Switzerland, or Germany (2010) ; industry 39.4%, services 59.9%, agriculture 0.8% (2012). Industries: electronics, metal manufacturing, dental products, ceramics, pharmaceuticals, food products, precision instruments, tourism, optical instruments.

What kind of trade does Liechtenstein have with Switzerland?

The country participates in a customs union with Switzerland and uses the Swiss franc as its national currency. It imports more than 85% of its energy requirements. Liechtenstein has been a member of the European Free Trade Association (EFTA) since 1991 (previously its interests had been represented by Switzerland).

How is the economy of the Principality of Liechtenstein?

The Principality of Liechtenstein has gone through economic and cultural development in the last 50 years like no other Western country. In the last half century, Liechtenstein has developed from a mainly agricultural state to one of the most highly industrialized countries in the world.