Liechtenstein is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. As a developed nation, Liechtenstein is able to provide its citizens with social services like public education, healthcare, and law enforcement. Citizens of developed nations enjoy a high standard of living and longer life expectancies than citizens of developing nations. Each year, Liechtenstein exports around $3.8 billion and imports roughly $2.09 billion. 1.9% of population in the country are unemployed. The total number of unemployed people in Liechtenstein is 725. Government expenditure on education is 2% of GDP. The Gini Index of the country is 35.5. Liechtenstein is experiencing good equality. The majority of citizens in Liechtenstein fall within a narrow range of income, although some cases may show significant differences. Liechtenstein has a Human Development Index (HDI) of 0.889. Liechtenstein has a very high HDI score. This indicates that nearly all citizens are able to attain a desirable life because of social and economic support; citizens with a low standard of living receive aid and support and have the opportunity to advance in society.
Currency
The currency of Liechtenstein is Swiss franc. The Swiss franc is the official currency of Switzerland and Liechtenstein. It was introduced in 1798 to unify several currencies that were in use in Switzerland at the time. Switzerland is a stable currency that can be relied upon for investment opportunities. The plural form of the word Swiss franc is francs. The symbol used for this currency is Fr, and it is abbreviated as CHF. The Swiss franc is divided into Rappen; there are 100 in one franc.
Credit rating
According to the S&P credit-rating agency, Liechtenstein has a credit rating score of AAA, and the prospects of this rating are stable.
Central bank
In Liechtenstein, the institution that manages the state's currency, money supply, and interest rates is called National bank of Liechtenstein. Locally, the central bank of Liechtenstein is called Liechtensteinische Landesbank.
Public debt
Liechtenstein has a government debt of 111.4% of the country's Gross Domestic Product (GDP), as assessed in 2012.
Tax information
The corporate tax in Liechtenstein is set at 12.5%. Personal income tax ranges from 1.2% to 17.82%, depending on your specific situation and income level. VAT in Liechtenstein is 8%.
