The Gross Domestic Product (GDP) in Liechtenstein expanded 4.20 percent in 2018 from the previous year.

GDP Annual Growth Rate in Liechtenstein averaged 3.41 percent from 1971 until 2018, reaching an all time high of 10.41 percent in 1999 and a record low of -10.90 percent in 2009. This page provides - Liechtenstein GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Liechtenstein GDP Annual Growth Rate - values, historical data and charts - was last updated on September of 2020.

GDP Annual Growth Rate in Liechtenstein is expected to reach -11.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Liechtenstein GDP Annual Growth Rate is projected to trend around 3.50 percent in 2021 and 1.50 percent in 2022, according to our econometric models.

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Liechtenstein GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
4.20 5.00 10.41 -10.90 1971 - 2018 percent Yearly

Liechtenstein GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 4.20 5.00 10.41 -10.90 percent [+]
GDP 6.55 6.24 6.66 0.09 USD Billion [+]

Liechtenstein GDP Annual Growth Rate
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 country is closely linked to Switzerland, sharing open borders and even a currency. Liechtenstein also has access to the European Union common market. Most people in Liechtenstein work in the services sector (around 55 percent of GDP), closely followed by the industrial and manufacturing sector (around 37 percent). In the services sector, it is largely Liechtenstein's banks and trusts that have helped the country to achieve a high standard of living. When it comes to manufacturing and industry, Liechtenstein specializes in high-tech products in the fields of machine building and food products.