Business and Economics
countryaah, Liechtenstein has for a short time developed from a
traditional agricultural society to an advanced industrial
society. The standard of living has come in line with that
in Switzerland. Agriculture, which accounts for just under 1
per cent of employment, is traditionally dominated by
livestock management with a focus on dairy products.
Industry has become the most important industry; including.
metal products, pharmaceuticals and food are produced.
Many foreign companies have settled in Liechtenstein,
among other things for tax reasons (in many cases, however,
this domicile is of a more formal nature: "Antenna",
so-called mailbox companies). Switzerland completely
dominates Liechtenstein's imports.
Liechtenstein's raw material resources are natural
gravel; otherwise no significant recovery occurs. The energy
supply is supplied to about 90 per cent of imports, mainly
from natural gas and crude oil. Domestic energy production
consists of electricity, firewood and biogas.
Liechtenstein is a small country, and for many tourists a
day visit is enough. In Vaduz there is an interesting
historical and art historical museum in a beautifully
restored cultural building, but it is primarily the princely
art collection of high international class and the stamp
museum that attracts. The princely castle on the slope over
the city can only be seen from a distance. The mountain
regions in the east are suitable for hiking in the summer,
and Malbun has excellent downhill skiing in winter.