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Economy and Banking Sector of Liechtenstein

National Currency

Swiss Franc (CHF)

On 26 May 1924, Liechtenstein declared the Swiss franc (CHF) the legal currency of Liechtenstein. All coins, banknotes and other payment media used in Switzerland were recognised as official legal tender in Liechtenstein.

Exchange Rate

1 EUR = 1.0715 CHF (2020-10-23)

During the last 11 years EURCHF exchange rate was within the range 1.0341 - 1.5317, reaching its maximum in Jul 2009 and falling to its minimum in May 2015.

Euro to Swiss franc (EURCHF).

Chart 1. Euro to Swiss franc (EURCHF). Source: ECB.

GDP

Nominal GDP (2018)
5.8 bln EUR  (+0.02%)
Nominal GDP per Capita (2018)
150,130 EUR  (+0.01%)

According to Eurostat, nominal GDP of Liechtenstein in 2018 was 5.8 bln EUR.

In 2018, nominal GDP per capita in Liechtenstein was 150,130 EUR.

Inflation Rate

CPI, Year Average (2012)
-0.7 %  (2011: 0.2 %)

According to Office of Statistics (Liechtenstein), inflation rate in Liechtenstein in 2012 expressed as annual percentages of average consumer prices was -0.7% which was below the Euro Area average (2.5%) and below the European Union average (2.6%).

Inflation Rate in Liechtenstein.

Chart 2. Inflation Rate in Liechtenstein. Source: Office of Statistics (Liechtenstein).

Unemployment Rate

Unemployment Rate (2011)
2.5 %  (2010: 2.2 %)

According to Office of Statistics (Liechtenstein), unemployment rate in Liechtenstein in 2011 was 2.5% which was below the Euro Area average (10.1%) and below the European Union average (9.6%).

Unemployment Rate in Liechtenstein.

Chart 3. Unemployment Rate in Liechtenstein. Source: Office of Statistics (Liechtenstein).

Credit Ratings (as of Aug 2020)

Fitch
-
Moody's
-
Scope
-

Liechtenstein doesn't have sovereign credit ratings assigned by American credit rating agencies Fitch or Moody's. Scope Ratings, the European rating agency, have not assigned credit ratings to Liechtenstein.

Fitch and Moody's rating data are provided for June 2020, Scope Ratings for August 2020.