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What is the economy like in Liechtenstein?

Updated: 8/17/2019
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12y ago

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Liechtenstein is a prosperous country, with a strongly industrialised, free-enterprise economy. It has a GDP (PPP) of $1.786 billion, or $25,000 per person. The cou ntry does not have many Natural Resources, so it has compensated by successfully developing its industries. It imports over 90% of its energy needs.

Liechtenstein is in a customs union with Switzerland, and its official currency is the Swiss franc. It is a member of the European Economic Area since May 1995.

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Q: What is the economy like in Liechtenstein?
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What is the money like in liechtenstein?

Liechtenstein does not have it's own currency. They use Swiss money in Liechtenstein, Franks and Rappen.


What is Liechtenstein's climate?

Like Switzerland


Which country in Europe makes the most money?

Germany has the largest economy, but the citizens of Liechtenstein make the most money (per capita).


What country is west of liechtenstein?

Switzerland is west of Liechtenstein. Austria is east of Liechtenstein.


How do you say Liechtenstein in French?

'Liechtenstein'


What is the capital of Liechtenstein?

The capital city of Liechtenstein is VaduzIts largest city is Schaan.The capital city of Liechtenstein is Vaduz


Which sports are played in Liechtenstein?

Sports played in Liechtenstein include soccer and skiing. They also like to play table tennis, squash and the Italian game Boccia.


What is is like living in Liechtenstein?

Liechtenstein is a very wealthy country and its citizens enjoy one of the largest incomes in the world. Liechtenstein is a very small country, however, and is surrounded by the European Alps. Temperatures are usually cold. However, the overall standard of living in Liechtenstein is very high.


How can request Liechtenstein passport?

In order to get a Liechtenstein passport, or that of any other country, you need to be a citizen of that country. If you are not a Liechtenstein citizen you can't get a Liechtenstein passport.


Was the square miles in Liechtenstein?

Principality of Liechtenstein - 61.96 square miles.


Is Liechtenstein a part of Austria?

No, Liechtenstein is its own independent nation.


Is military service compulsory in liechtenstein?

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