Liechtenstein GDP Annual Growth Rate
The Gross Domestic Product (GDP) in Liechtenstein contracted 1.20 percent in 2012 from the previous year. GDP Annual Growth Rate in Liechtenstein averaged 3.73 Percent from 1971 until 2012, reaching an all time high of 10.41 Percent in 1999 and a record low of -1.94 Percent in 2003. GDP Annual Growth Rate in Liechtenstein is reported by the National Administration of the Principality of Liechtenstein.
||1971 - 2012
The Principality of Liechtenstein is a small landlocked country in Western Europe known for its low tax system and high level of GDP per capita. The most important sector of the economy is services (around 55 percent of GDP), followed by industry (around 37 percent of GDP). In addition, low business taxes, loose legislation and high rates of research and development investment have attracted numerous businesses. Liechtenstein is closely linked to Switzerland, sharing open borders and even a currency. Liechtenstein also has access to the European Union common market. Half of the labour force in Liechtenstein commutes daily from neighbouring countries and does not reside in the Principality. This page provides - Liechtenstein GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.