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 is reported by the National Administration of the Principality of Liechtenstein. From 1971 until 2012, Liechtenstein GDP Annual Growth Rate averaged 3.7 Percent reaching an all time high of 10.4 Percent in December of 1999 and a record low of -1.9 Percent in December of 2003. 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. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-1.20 1.40 10.41 -1.94 -8.46 | 2014/06 1971 - 2012 Percent Yearly

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Liechtenstein GDP Annual Growth Rate
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP 4.83 2009-12-31 4.93 4.93 0.09 4.39 2014-06-30 USD Billion [+]
GDP Annual Growth Rate -1.20 2012-12-31 1.40 10.41 -1.94 -8.46 2014-06-30 Percent [+]
GDP per capita 115262.29 2009-12-31 117493.64 117493.64 45694.06 101931.92 2014-06-30 USD [+]
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GDP Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.


RELATED NEWS

Liechtenstein Inflation Rate at 0.00 Percent  
The inflation rate in Liechtenstein was recorded at 0 percent in March of 2014. Inflation Rate in Liechtenstein is reported by the National Administration of the Principality of Liechtenstein.
Liechtenstein Personal Income Tax Rate at 21.00 percent  
The Personal Income Tax Rate in Liechtenstein stands at 21 percent. Personal Income Tax Rate in Liechtenstein is reported by the Ministry of Finance.
Liechtenstein Corporate Tax Rate at 12.50 percent  
The Corporate Tax Rate in Liechtenstein stands at 12.50 percent. Corporate Tax Rate in Liechtenstein is reported by the Ministry of Finance.
Liechtenstein Sales Tax Rate | VAT at 8.00 Percent  
The Sales Tax Rate in Liechtenstein stands at 8 percent. Sales Tax Rate in Liechtenstein is reported by the Ministry of Finance.
Liechtenstein Balance of Trade at 343258.00 Thousand CHF  
Liechtenstein recorded a trade surplus of 343258 Thousand CHF in the third quarter of 2013. Balance of Trade in Liechtenstein is reported by the National Administration of the Principality of Liechtenstein.
Liechtenstein GDP Annual Growth Rate at -1.20 Percent  
The Gross Domestic Product (GDP) in Liechtenstein contracted 1.20 percent in 2012 from the previous year. GDP Annual Growth Rate in Liechtenstein is reported by the National Administration of the Principality of Liechtenstein.
Liechtenstein Retirement Age Women at 64.00  
Retirement Age Women in Liechtenstein remained unchanged at 64 in January of 2013 from 64 in January of 2012.
Liechtenstein Retirement Age Men at 64.00  
Retirement Age Men in Liechtenstein remained unchanged at 64 in January of 2013 from 64 in January of 2012.
Liechtenstein Exports at 823045.00 Thousand CHF  
Exports in Liechtenstein decreased to 823045 Thousand CHF in the third quarter of 2013 from 853740 Thousand CHF in the second quarter of 2013. Exports in Liechtenstein is reported by the National Administration of the Principality of Liechtenstein.
Liechtenstein GDP per capita at 115262.29 USD  
The Gross Domestic Product per capita in Liechtenstein was last recorded at 115262.29 US dollars in 2009. The GDP per Capita in Liechtenstein is equivalent to 931 percent of the worlds average. GDP per capita in Liechtenstein is reported by the World Bank.
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