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Liechtenstein, Economy

alpine meadows, precision instruments, unit of currency, customs union, pottery

Liechtenstein is highly industrialized, with less than 2 percent of the labor force engaged in agriculture. The principal crops are corn, potatoes, barley, wheat, vegetables, and grapes. Livestock are grazed in the alpine meadows in summer. The major manufactures include machinery, pharmaceuticals, food products, metal goods, precision instruments, furniture, and pottery. Much of the principality’s income is derived from banking, tourism, the sale of postage stamps, and from international firms that maintain headquarters here because of favorable tax treatment. The unit of currency is the Swiss franc, and Liechtenstein maintains a customs union with Switzerland. The country has 19 km (12 mi) of railroads and 323 km (201 mi) of roads, but it has no airport.



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alpine meadows, precision instruments, unit of currency, customs union, pottery, metal goods, barley, Swiss franc, labor force, potatoes, banking, corn, wheat, pharmaceuticals, vegetables, Switzerland, furniture, food products, Liechtenstein, percent, tourism, headquarters, machinery

 
 

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