National economy of Liechtenstein - industries, GDP and prosperity level
Despite the fact that Liechtenstein is a dwarfish state and has access to limited reserves of natural resources, it is considered as an economically developed industrial country that excels in marketing and guarantees its citizens a decent standard of living. In general, Liechtenstein’s economy is diversified and is divided into a large number of different small enterprises. In order to create the most comfortable conditions for the development f business within the country, the government reduced tax rates, which now amount to a maximum of 20%. They also simplified the registration scheme for new business units.
The official language of Liechtenstein is German. Statistics show that the principality is the smallest state in Europe, in which the German language …
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The size of this unique European country is smaller than many capitals. Despite that, Lichtenstein never ceases to amaze its guests with its …
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In the field of imports, in addition to cars, food products, textiles, as well as metal structures and machinery are predominant. The main import partners are also the countries of the European Union and Switzerland. It is worth noting that, regardless of its size, the principality managed to achieve development in the export sector. So today, the cost of export is at least three times higher than the cost of imports and the income from it is about $2.7 million. Due to the low percentage of taxation and comfortable conditions for business registration, many foreign companies register their organizations in Liechtenstein. Such a policy also contributes to a significant economic growth and makes an invaluable contribution to GDP.
Liechtenstein has a temperate continental climate. Some regions are characterized by the alpine climate zone which softens under the influence of wet …
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