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Home > Country Profiles > Liechtenstein

Country Profiles

Liechtenstein - Economy

Whitaker's Almanack Version

Financial Outlook

Liechtenstein’s fabled status as a tax haven has been significantly reduced, with the country signing disclosure agreements with a number of jurisdictions including the European Union and the United States. The economy has averaged 3.91% year-on-year growth in GDP for the last 40 years. Although the country is famous as a financial center and onshore tax haven, the main contributor to GDP is its manufacturing sector. This accounts for some 36% of GDP, with financial services in second position at 33%, followed by general services, which contributes a further 25%. Liechtenstein and Switzerland share a customs union and the country uses the Swiss franc as its national currency. It has also recently passed a law implementing a tax agreement with Austria, scheduled to take effect in January 2014, which will prevent Austrian and German citizens from using Liechtenstein to hide money from the tax authorities.

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Further reading on Liechtenstein

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