OFFICE OF STATISTICS PRINCIPALITY OF LIECHTENSTEIN

Transcription

1 OFFICE OF STATISTICS PRINCIPALITY OF LIECHTENSTEIN Liechtenstein in Figures 2010

2 Published and distributed by: Office of Statistics Äulestrasse Vaduz Liechtenstein T F info@as.llv.li Layout: Isabel Zimmermann Copyright: Office of Statistics Reproduction is authorized, provided publisher is mentioned. Pictures: Foundation Image Liechtenstein, Vaduz Liechtenstein National Museum, Vaduz Press and Information Office, Vaduz Isabel Zimmermann, Triesenberg Printed by: BVD Druck+Verlag, Schaan Key: A dash (-) in place of a figure indicates absolute zero. A dot (.) in place of a figure indicates that the figure is not available or has been omitted for other reasons.

3 Table of Contents Geographical Situation 4 Climate 6 History and Constitution 8 Population 10 National Economy 16 Employment and Income 22 3 Agriculture 30 Industry 32 Services 36 Transport and Communication 40 Energy 42 Public Finance 44 Statistical Publications 50

4 Constance Germany Zurich St. Gallen Bregenz Switzerland Vaduz Liechtenstein Austria Chur 4 Geographical Situation In geographical terms, Liechtenstein lies between Switzerland and Austria in the centre of the Alpine arc and, with a total area of only 160 km 2, is the fourth smallest country in Europe. Its western neighbour Switzerland is around 260 times larger than Liechtenstein. In the west and south, the national frontier runs alongside the Swiss cantons of St. Gallen and Graubünden for 41 km. In the north and east, Liechtenstein shares a 37 km-long frontier with the Austrian federal state of Vorarlberg. Area Wooded area 66 km 2 41% Agricultural area 54 km 2 34% Unproductive area 24 km 2 15% Settlement area 16 km 2 10% Total area 160 km 2 100% Geographical limits North: north South: north West: east East: east

5 Municipalities area, height and population density, 2008 District/ municipality Liechtenstein Upland Vaduz Triesen Balzers Triesenberg Schaan Planken Lowland Eschen Mauren Gamprin Ruggell Schellenberg Area (km 2 ) Height above sea level (m) Population density (inhabitants/ km 2 ) Liechtenstein is the sixth smallest country in the world. Dimensions 24.8 km at longest distance, 12.5 km at widest distance. Highest mountain Grauspitz: m Lowest point Ruggeller Riet: 430 m Frontiers 41.2 km with Switzerland, 36.7 km with Austria.

6 6 Climate Despite its mountainous location, Liechtenstein s climate can be described as mild. It is strongly influenced by the effect of the föhn (a warm, dry katabatic wind in the Alps), which prolongs the vegetation period in the spring and autumn. Annual rainfall measurements are around 900 to millimetres. In the alpine region, rainfall can reach millimetres. Whereas in the winter thermometer readings seldom fall below minus 10 degrees Celsius, summer daytime temperatures generally fluctuate between 20 and 28 degrees. Average temperatures in Vaduz, January February March April May June July August September October November December Annual average C -3.4 C 4.4 C 4.7 C 2.9 C 0.8 C 5.7 C 4.9 C 6.6 C 3.8 C 6.8 C 5.5 C 10.5 C 9.8 C 14.3 C 9.3 C 15.4 C 14.4 C 15.7 C 16.8 C 18.2 C 18.2 C 18.3 C 18.2 C 19.1 C 22.7 C 18.9 C 18.7 C 18.5 C 15.1 C 17.7 C 18.4 C 14.9 C 18.0 C 13.4 C 13.6 C 11.3 C 14.1 C 9.5 C 10.7 C 5.0 C 8.8 C 3.6 C 5.8 C 1.6 C 2.3 C 0.3 C 1.3 C 10.5 C 10.4 C 10.7 C 10.7 C Weather station Vaduz, 456 m above sea level.

7 Annual sunshine levels in hours Annual rainfall in mm Average annual temperatures in C

8 8 History and Constitution History 1342 Creation of the earldom of Vaduz 1396 The earldom of Vaduz becomes directly subject to the Holy Roman Emperor Unification of upland (earldom of Vaduz) and lowland (domain of Schellenberg) 1699 Prince Johann Adam Andreas purchases the domain of Schellenberg; purchase of the earldom of Vaduz in Vaduz and Schellenberg become the Imperial Principality of Liechtenstein 1806 Inclusion in the Confederation of the Rhine: Liechtenstein becomes a sovereign state 1815 Accession to the German Confederation 1852 Customs treaty with Austria 1862 A new constitution comes into force which provides for a parliament to represent the people 1868 Abolition of the Liechtenstein army 1919 Cancellation of the customs treaty with Austria 1921 Amendment of the constitution; democratic rights are strengthened 1924 Customs treaty with Switzerland, introduction of the Swiss franc as the official currency 1950 Membership of the International Court of Justice at The Hague 1960 Supplementary protocol on participation in EFTA 1972 Supplementary agreement on inclusion in Switzerland s EC and ECSC agreements 1978 Member of the Council of Europe 1980 Currency treaty with Switzerland

9 1990 Liechtenstein becomes the 160th member of the UN 1991 Member of EFTA 1995 Liechtenstein joins the EEA and the WTO 1997 Foundation of Archbishopric of Vaduz 2003 Amendment of the constitution Constitution State, constitution The principality of Liechtenstein is a hereditary constitutional monarchy, based on a democratic and parliamentary system. Power lies with the Prince and the people and is exercised by both in accordance with the provisions of the constitution (Article 2 of the constitution). 9 Head of State Government Head of Government Deputy Head of Government HSH Prince Hans-Adam II. von und zu Liechtenstein succeeded Prince Franz Josef II. on 13 November On 15 August 2004, Prince Hans-Adam II. has entrusted Hereditary Prince Alois to exercise his sovereign powers as his representative. Five-member government nominated by parliament and appointed by the Prince for four years. Klaus Tschütscher (VU) Martin Meyer (FBP) Other members: Renate Müssner (VU) Hugo Quaderer (VU) Aurelia Frick (FBP) Parliament Courts 25 members elected by the people for four years in universal, direct and secret elections. Distribution of seats seats Patriotic Union (VU) 11 seats Progressive Citizens Party (FBP) 1 seat Free List (FL) Civil and criminal cases are heard initially by the Landgericht, at appeal by the Obergericht and at supreme court level by the Oberster Gerichtshof. Public law cases are dealt with by the Administrative Court and the Staatsgerichtshof. The courts are all in Vaduz.

10 10 Population With a population of around inhabitants, Liechtenstein is one of the smallest countries in Europe and the world. The population is spread over eleven communities. Schaan forms Liechtenstein s largest community with around inhabitants. Around people live in the capital, Vaduz. A third of the population are foreign nationals, mainly from Switzerland, Austria and Germany. Resident population by municipalities, 2008 District/ municipality Resident population District/ municipality Resident population Liechtenstein Upland Vaduz Triesen Balzers Triesenberg Schaan Planken Lowland Eschen Mauren Gamprin Ruggell Schellenberg

11 Resident population, Year Inhabitants Liechtensteiners Other nationalities Other nationalities in % Resident population Liechtensteiners Other nationalities

12 Resident foreign population by nationality, Other nationalities Year Swiss Austrian Italian German Others Resident population by age, Year Total resident population Age Age distribution of resident population ( ) Liechtensteiners Other nationalities

13 Resident population by marital status, Single Married Separated, divorced, widowed Year Men Women Men Women Men Women Marital status ( ) % single 4.5% widowed 7.0% separated, divorced 45.4% married Marriages, 2008 Number of persons who got married Liechtenstein men/ Liechtenstein women Liechtenstein men/ Women of other nationalities Men of other nationalities/ Liechtenstein women Men of other nationalities/ Women of other nationalities % % % % % Deaths by cause, 2008 Cause of death Deaths Men Women Total Infections Malignant cancer Heart, circulation, blood Respiratory organs Digestive organs Infirmity Accident and violent deaths Suicides Others Unknown (mainly deaths reported from abroad)

14 Births Liechtensteiners Other nationalities Total 14 Deaths Liechtensteiners Other nationalities Total Surplus of births Liechtensteiners Other nationalities Total

15 Households in population census (bold: number of households; italics: number of persons) Private households Housholds Collective housholds Multiple-person housholds Single-person households Family households Non-family households Single persons with parent(s) Couples without children Two parents with children Single parents with children Households by municipalities in population census District/ municipality Households District/ municipality Households Liechtenstein Upland Vaduz Triesen Balzers Triesenberg Schaan Planken Lowland Eschen Mauren Gamprin Ruggell Schellenberg

16 16 National Economy Liechtenstein has an extremely diverse national economy with numerous small and medium-sized enterprises. The high value-added is particularly due to the strong industrial sector and financial services, while the public sector of the national economy is comparatively small. On 26 May 1924 Liechtenstein declared the Swiss franc (CHF) the legal currency of Liechtenstein. All coins, bank notes and other payment media used in Switzerland were recognised as official legal tender in Liechtenstein. Rate of price increases, Year Annual average in % In Liechtenstein the Swiss national consumer prices index applies.

17 Rate of price increases 3.0% 2.5% 2.0% 1.5% 0.5% 1.0% 0.0% 1.8% 0.8% 0.5% 0.0% % 1.6% 1.0% % 1.1% 0.6% 0.8% 0.7% 2.4% Income from gainful activity, Year in million CHF The income from gainful activity is the sum of the income of those employed in Liechtenstein, with compulsory old-age and survivors insurance (including cross-border commuters from abroad). Assets of the old age pension scheme, Year Old-age and survivors insurance (AHV) in million CHF Company pension scheme in million CHF

18 GDP and GNI at current prices, Gross domestic product (GDP) GDP per employed person Gross national income (GNI) GNI per inhabitant Year in billion CHF in CHF in billion CHF in CHF GDP at current prices in comparison, 2007 Country Liechtenstein Switzerland Austria Germany National currency in billion in billion CHF CHF CHF Euro converted at yearly average rate (1 = CHF). A distinctive feature of the Liechtenstein GDP is that it derives to a considerable extent from the work done by working personnel domi ciled abroad. In 2008, 51% of people at work in Liechtenstein were cross-border commuters from abroad. For this reason, it is not valid to calculate per capita GDP based on population numbers in Liechtenstein. GDP per inhabitant would yield misleading results in comparison with other countries.

19 Gross value added in 2007 By economic fields 39% Industry and goods production 6% Agriculture and households 31% Financial services 23% General services 19 Number of enterprises by sector and size, Total Economic sectors Sector 1 Agriculture Sector 2 Industry Sector 3 Services Size of firms 1-9 employees employees employees employees Change in %

20 Social protection in Liechtenstein 20 sickness and maternity insurance (1910) occupational accident insurance (1910) non-occupational accident insurance (1932) old-age and survivors insurance (1952) family allowance (1957) bad weather compensation in the construction industry (1957) subsidy for the building of houses (1958) disability insurance (1959) occupational illnesses protection (1961) supplementary allowances for old-age, survivors and disability insurance (1965) social assistance for individual cases (1966) unemployment insurance (1970) blind persons allowance (1971) widowers pension (1981) maternity benefits (1982) insolvency compensation (1985) company pension scheme (1989) Bilateral social security agreements with Switzerland, Austria, Germany and Italy. Through the EEA Agreement, various European legal instruments concerning social security are also valid in Liechtenstein.

21 Liechtenstein as a location Advantages social, legal and economic stability customs and currency union with Switzerland member of the European Economic Area centrally located in Europe high level of political continuity and stability political neutrality and neutral neighbour countries liberal economic policy well-trained labour force long working hours cooperation between employers and workers liberal tax legislation with low tax rates sound public finances little bureaucracy and direct administrative channels rapid processing of applications and requests flexible public administration high competitiveness favourable conditions for investment strong financial capacities, low interest rates efficient banking system good infrastructure short travel distances to work, recreation areas nearby broad cultural spread 21 Disadvantages limited land area high prices of land for buildings high costs of buildings no own raw materials marginal position in Swiss economic area minor international importance heavily dependent on other countries

22 22 Employment and Income For many years the Liechtenstein national economy has experienced an above-average growth in employment. Since strong economic growth and the small size of the country require an increasing input of labour from neighbouring countries, around half of the people employed in Liechtenstein do not actually live there. Employment Year Resident population in gainful employment of which outward commuters of which inward commuters total employed Estimates for the outward commuters and inward commuters of which other nationalities

23 Employment by economic sector Sector 3 Services Sector 2 Industry Sector 1 Agriculture 23 Employment by economic sector 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Sector 3 Services Sector 2 Industry Sector 1 Agriculture Employment by economic fields ( ) 38.9% General services 17.4% Financial services 1.5% Agriculture and households 42.2% Industry and goods production

24 Employment by economic activity, 2008 Total Sector 1 Agriculture Sector 2 Industry Mining & quarrying Manufacturing Energy & Water supply; sewerage & waste remediation Construction Resident population in gainful employment of which outward commuters Inward commuters Employed in Liechtenstein Share in % Sector 3 Services Wholsale & retail trade; repair of motor vehicles & motorcycles Transportation & storage Accommodation & food service activities Information & communication Financial & insurance activities Real estate activities Legal & accounting activities Activities of head offices; management consultancy activities Architectural & engineering activities; technical testing & analysis Scientific research & development; other technical activities Administrative & support service activities Public administration; compulsory social security Education Human health & social work activities Arts, entertainment, recreation Other service activities Housholds as employers Activities of extraterritorial organisations

25 Persons employed by economic sector, 2008 compared with neighbouring countries Sector 1 Agriculture Sector 2 Industry Sector 3 Services Residents and inward commuters Liechtenstein Switzerland Austria Germany 0.8% 4.0% 5.9% 2.3% 42.2% 22.9% 27.4% 29.8% 57.0% 73.1% 66.8% 67.9% 51% Inward commuters 25 49% Resident in Liechtenstein Inward commuters by residence 50.6% Switzerland 4.1% Others 45.3% Austria Employees by nationality 32.3% Liechtensteiners 67.7% Other nationalities

26 Total employment as at 31 December Summary Residents permanent non-permanent 392 Not in gainful employment Inhabitants in gainful employment Employed in Liechtenstein Inward commuters In gainful employment Outward commuters Employed in Liechtenstein thereof Liechtensteiners 442 Other nationalities resident in Liechtenstein Liechtensteiners resident in Liechtenstein Labour market - Unemployment In 2006 the unemployment rate was revised to allow international comparisons. New definition: Unemployed persons who are not in temporary programmes in percent of the residents in employment. Former definition: All unemployed persons in percent of all employed persons in Liechtenstein. According to the new definition, unemployed persons are those who are registered at the Labour Market Service Division of the

27 Office of Economic Affairs, who live in Liechtenstein and who are able to take up employment within the next two weeks. Due to statistical recording difficulties, persons in longer-term further education and subject to a qualifying period are likewise counted as unemployed. Unemployment, as at Job seekers New definition Vacancies Unemployed Unemployment rate Former definition Unemployed employed in Unemployed/ % % % % % % % % % % % % % % 27 In 2006 the unemployment rate was revised to allow international comparisons. Unemployment rate - new and former definition 4.0% 3.5% 3.0% 2.5% 2.0% 1.5% 1.0% 0.5% 0.0% Dez 97 Dez 98 Dez 99 Dez 00 Dez 01 Dez 02 Dez 03 Dez 04 Dez 05 Dez 06 Dez 07 Dez 08 New definition Former definition

28 Gross monthly wage median by economy, 2006 in CHF Hotels & restaurants Households as employers Agriculture & forestry Retail, repairs Food products; manufacture of wood Chemicals; non-metallic mineral products Construction trades Transport, communications IT activities; business services Metals & metal products Health & social services Other services Whole Economy Publishing activities & printing Processing industries Machinery; electrical & transport equipment Legal consultancy, trust management Public administration Banking & insurance Education

29 Gross monthly wage median by sex and age, 2006 Total years years years years 60 + years Gross monthly wage in CHF Both sexes Men Women Gross monthly wage median by economic sector, Sektor 3 Services Men Women Sektor 2 Industry Sektor 1 Agriculture

30 30 Agriculture The utilised agricultural area (excluding alpine meadows) accounts for about 22% of Liechtenstein s ha. In 2008, 0.8% of all employ ed persons in Liechtenstein worked in agriculture and forestry. 45% of the gross agricultural return comes from the dairy industry. Some 60 dairy farms produced 13 million kg milk in In 2007, 127 farms received agricultural subsidies in form of direct payments. 28% of these farms applied organic farming production methods. In Liechtenstein, the cultivation of forage plants is quite important. The share of forage plants amounts to 24% of the agricultural area. 60% of the agricultural area is used as permanent grassland.

31 Farms by size, Year Total Size in ha < > Since 2005: Only farms receiving agricultural subsidies in form of direct payments. 31 Farms by size > 20 ha ha 5-10 ha < 5 ha Livestock and milk production, Cattle of which cows Equidae Pigs Sheep Goats Poultry Bee colonies Milk production (in kg) Livestock of all livestock owners (including agricultural units receiving agricultural subsidies in form of direct payments). Milk delivery to dairy (excluding milk from the alps).

32 32 Industry Liechtenstein s economy has a significant emphasis on industrial production. In 2008, the production sector provided 42% of the jobs, which in comparison with other European countries is extraordinarily high. The jobs of the industrial sector are provided by 572 enterprises. These enterprises are mainly small companies with less than 50 employees. They are active in a large number of specialised market niches and contribute to the broad diversification of Liechtenstein s economy. The most important branches are mechanical engineering, electrical machinery, vehicle components, dental technology, food products as well as construction work. Due to Liechtenstein s limited domestic market, especially the larger enterprises are heavily export-oriented. A vast majority of their goods production is sold abroad. The most important export countries of Liechtenstein s industry are Switzerland, Germany and the USA.

33 Direct goods exports (without Switzerland), Year in million CHF Change % % % % % % % % % Direct goods imports (without Switzerland), Year in million CHF Change % % % % % % % % % Data of the Federal Customs Administration. Goods exchange with Switzerland is not included. Direct goods exports and imports (without Switzerland) in million CHF Direct exports Direct imports

34 Extract from the industrial statistics of the LCCI 34 The 29 industrial member companies of the Liechtenstein Chamber of Commerce and Industry (LCCI) employed in Liechtenstein employees at the end of Sales to foreign countries of the LCCI industrial members, Year in million CHF Change % % % Sales to foreign countries means the generated invoiced sales. Sales to foreign countries of the LCCI industrial members by economic areas (2008) 23% CHF million Asia / Pacific 15% CHF 926 million America 4% CHF 237 million Other countries 10% CHF 615 million Switzerland 48% CHF million European Economic Area (EEA)

35 Staff in foreign subsidiaries of the LCCI industrial members, 2008 Continent Total Europe America Asia Australia Africa Number of foreign subsidiaries Number of employees The foreign subsidiaries are majority-owned by the LCCI industrial member companies. 35

36 36 Services Around three-fifths of all employees work in the services sector. The most important branches of the economy include financial and insurance services, legal and tax consultancy as well as trade. There is a very wide range of services which comprise around 300 kinds of economic activity. Tourism in hotels and guest houses, Year Hotels and guest houses Beds available Guest arrivals Overnight stays Tourism statistics of the month August.

37 Banks, in million CHF Nominal balance Net profit Number of employees in Liechtenstein Nominal balance in million CHF Client assets of the banks, in billion CHF (as at ) Total client assets Net client deposits Relevant capital Trusts Net client deposits means client deposits offset against items relevant to balance. Some Custody-Assets are included.

38 Domestic investment companies, in million CHF Net assets Individual portfolios Investment companies Net assets of domestic investment companies in million CHF Insurance companies domiciled in Liechtenstein, in million CHF Gross premiums written Investment assets Technical provisions Equity Number of enterprises Number of employees Gross premiums written and investment assets in million CHF Gross premiums written Investment assets

39 Corporate forms A distinction is drawn between: Companies trading in Liechtenstein A permission to trade or a licence is required. They are subject to capital and earnings tax. Domicile-establishing and holding companies These companies must be entered in the Public Register and are subject to a special company tax. Activities of domicile-establishing and holding companies: grouping of international capital and economic interests grouping or control of direct investments real estate management licence exploitation for intangible rights private investment and investment management distribution of investment income to family welfare bodies, charities and other beneficiaries 39 Company types in the Liechtenstein company law: association limited company limited liability company cooperative establishment (Anstalt) foundation trust enterprise trust ordinary company undisclosed partnership and occasional company collective company (public trading company) limited partnership

40 40 Transport and Communication Liechtenstein s road network consists of around 120 km of ordinary roads and over 260 km of local community roads. There is a very well developed public transport bus network in Liechtenstein. Also in Liechtenstein, Austrian Federal Railways operate a 9 kilometre-long railway line with 4 stops. This line links Feldkirch in Austria to Buchs in Switzerland. The level of motorisation is very high. There are around 700 passenger cars for every inhabitants, which represents a peak value in Europe. In the neighbouring countries of Switzerland and Austria around 500 passenger cars per inhabitants are in use. Motor vehicles, Year (1 July) Motor vehicles number per inhabitants Cars number per inhabitants

41 Number of vehicles (1 July) Number of cars (1 July) Road traffic accidents, Accidents Injured persons Fatalities Postal services and public transport, in 1 000s Letters delivered Parcels delivered Public bus travellers Number of Post offices

42 42 Energy Natural gas, electricity, heating oil and petrol are amongst the major energy sources in Liechtenstein, which is strongly dependent upon energy imports. The proportion of own energy supply to total energy consumption is 8%. Liechtenstein s energy production is limited to the energy sources electricity, firewood and biogas. Energy consumption/ imports, in MWh Total Electricity Natural gas Fuel oil Petrol Diesel oil Firewood Liquid gas Coal Self supply Consumption per inhabitant Petrol: Until 1999 imported petrol, since 2000 petrol sales at petrol stations. Diesel oil: Until 2002 imported diesel oil, since 2003 diesel oil sales at petrol stations.

43 Energy consumption/ imports in % Natural gas 15.5% Fuel oil 2.9% Firewood 9.9% Diesel oil 0.1% Coal, Liquid gas 14.7% Petrol 27.9% Electricity 43 Energy consumption/ imports 1980 to 2008 in MWh Firewood Diesel oil Petrol Fuel oil Natural gas Electricity

44 44 Public Finance Liechtenstein s public authority budgets comprise in total the national budget and the budgets of the eleven communities. For 2008, total tax receipts amount to around CHF 900 million. In addition, there are receipts from property investment incomes and fees. On the expenditure side, the national budget is particularly affected by expenses for social welfare and education. National budget Current account, in million CHF Current expenditure Current revenue Cash flow Depreciation on fixed capital Surplus current account

45 Current expenditures by subject category, in million CHF Personnel costs Expenditures on materials Regular contributions Financial allocations Asset management costs Allocations to special funds Depreciation on portfolio securities Liquidity expenditure Depreciation on fixed capital Total Current expenditures 2008 by purpose of expenditure CHF 196 million Social welfare CHF 148 million Education CHF 61 million Public safety CHF 111 million General administration CHF 129 million Others CHF 584 million Finance, Taxation Current revenues by type, in million CHF Total Taxes and duties Revenues from assets Fees Repayments from municipalities Withdrawals from special funds Capital account, in million CHF Gross investment Investment income Net investments Cash flow Financing surplus/ deficit (-)

46 Local budgets - Municipalities Current accounts, in million CHF Current expenditure Current revenue Cash flow Depreciation on fixed capital Surplus current accounts Current expenditures 2008 by subject category CHF 28 million Education CHF 30 million General administration CHF 28 million Culture, leisure CHF 17million Environment, land development CHF 14 million Social welfare CHF 38 million Others Current revenues by type, in million CHF Total Taxes Charges, fees Revenues from assets Service charges Fiscal equalisation Other revenues Internal transfers Capital accounts, in million CHF Gross investment Investment income Net investments Cash flow Financing surplus/ deficit (-)

47 Fiscal income - State and municipalities Fiscal income, in million CHF Total fiscal income Taxes Social contributions Tax revenues by type of tax, in million CHF Total Property and income tax Capital and earnings tax Coupon tax Real estate gains tax Commuter tax Capital tax (Holdings) Stamp duties Value added tax Motor vehicle tax Other taxes and duties Tax revenues 2008 by type of tax CHF 213 million Value added tax CHF 161 million Property and income tax CHF 110 million Other taxes, duties CHF 89 million Capital tax (Holdings) CHF 64 million Stamp duties CHF 48 million Coupon tax CHF 220 million Capital and earnings tax

48 Taxes in Liechtenstein 1 Taxes on natural persons Property and income tax (national tax with 150 to 250% surtax of the communities) At community surtax of 200%: 1.62 to 8.51 property tax 3.24 to 17.01% income tax Real estate gains tax 3.24 to 34.02% of the real estate profit 48 Death duty, inheritance tax and gift tax Progressive according to degree of relationship and size of assets Rate of tax - death duty 0.5 to 5% - inheritance tax and gift tax 0.5 to 27% EU savings directive Levied on interest payments made to beneficial owners (individuals) who are resident for tax purposes in an EU Member State Rate of tax: 20% 2 Company taxes Capital and earnings tax Levied on companies with domestic activities Capital tax: 2 Earnings tax: 7.5 to 20% Coupon tax Levied on coupons of shares issued by legal persons, and equal certificates Rate of tax: 4% Stamp duty Stamp duty on domestic equities: 1% of the issue value with a tax-free allowance of CHF 1 million. Transaction duty on transfers of securities: 1.5 resp. 3 of the value Fee on insurance premiums: 2.5% on life insurance premiums (single deposits), 5% on other, not exempted insurance premiums

49 Formation tax (duty) Upon formation of company and capital increase if there is no stamp duty imposed Rate of tax: 1.0 to 0.3% (degressive) of the company capital with a tax-free allowance of CHF 1 million, resp. 2 for foundations, minimum CHF Domicile-establishing and holding companies Capital tax on capital and reserves of domicile-establishing and holding companies Rate of tax: 1, minimum CHF Taxes on foreign insurance companies 1% on premium receipts from life and old-age insurance 2% on all other premium receipts 49 Captives 1.0 to 0.5 (degressive) capital tax on equity capital Investment companies No taxation on managed assets 3 Excise duties Value-added tax 7.6% on supplies of goods and services, some at a reduced rate of 3.6 resp. 2.4% Motor vehicle tax Levied on vehicles registered in Liechtenstein CHF to CHF , depending on weight or capacity Customs duties According to Swiss legislation 4 Other taxes and duties Dog licence CHF to CHF Household charge Flat-rate charge for use of local infrastructure: maximum CHF 50.--

50 Statistical Publications 50 Accident insurance statistics Agriculture statistics Banking statistics Civil status statistics Construction statistics Consumer prices index Current development Economic report Liechtenstein Economic survey Education statistics Employment statistics Energy statistics First name statistics Health insurance statistics Liechtenstein in figures Motor vehicle statistics - inventory Motor vehicle statistics - new registrations National accounts Naturalisation statistics Population and housing census Population statistics Revenue statistics Statistical yearbook Statistics on goods transports on roads Tourism statistics Unemployment statistics Wage statistics Published Annually 2-yearly Annually Annually Annually/ quarterly Monthly Quarterly Half-yearly Quarterly Annually Annually Annually Annually Annually Annually Annually Annually/ monthly Annually Annually 10-yearly Half-yearly Annually Annually Annually Annually/ seasons Annually 2-yearly All publications are available on the internet ( The statistial publications are more detailed and up-to-date than the corresponding tables in this brochure.

51 Ruggell Gamprin Eschen Bendern Schellenberg Mauren Schaanwald Nendeln 51 Planken Schaan Vaduz Triesenberg Steg Triesen Malbun Balzers 2009 Land Vorarlberg

52 Office of Statistics Äulestrasse Vaduz Liechtenstein T F info@as.llv.li