Principality of Liechtenstein: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Principality of Liechtenstein

Principality of Liechtenstein: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Principality of Liechtenstein
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Volume/Issue: Volume 2025 Issue 076
Publication date: March 2025
ISBN: 9798229004411
$20.00
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Topics covered in this book

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Labor , Economics- Macroeconomics , Public Finance , Financial sector stability , Financial sector , Anti-money laundering and combating the financing of terrorism (AML/CFT) , Labor markets

Summary

Liechtenstein’s fiscal framework has ensured surpluses, virtually no public debt, and accumulation of large fiscal buffers. Specialized, export-oriented industries and financial services based on private banking and wealth management underpin economic activity and high living standards, supported by a currency treaty and customs unions with Switzerland, membership in the European Economic Area, and sizable cross-border commuting. The authorities have pledged to address data gaps.