4 GeoFroggy

Economy Overview

on companies (October 2007), on business accounting (December 2007), and on foreign investment (April 2008 and June 2012). From 2011 to 2015, the Parliament also approved direct taxes in the form of taxes on corporations, on individual incomes of residents and non-residents, and on capital gains, savings, and economic activities. These regulations aim to establish a transparent, modern, and internationally comparable regulatory framework, in order to attract foreign investment and businesses that offer higher value added.

Agriculture Products

small quantities of rye, wheat, barley, oats, vegetables, tobacco; sheep, cattle

Industries

tourism (particularly skiing), banking, timber, furniture

Industrial Production Growth Rate

NA

Labor Force

39,750 (2016)

Labor Force by Occupation

Agriculture: 0.5%

Industry: 4.4%

Services: 95.1% (2015)

Unemployment Rate

4.1% (2015 est.)

Population Below Poverty Line

Household Income or Consumption by Percentage Share

Lowest 10%: NA

Highest 10%: NA

Budget

Revenues: 1.872 billion (2016)

Expenditures: 2.06 billion (2016)

Public Debt

41.4% of GDP (2013 est.)

Commercial Bank Prime Lending Rate

Stock of Narrow Money

Stock of Broad Money

Stock of Domestic Credit

Market Value of Publicly Traded Shares

Reserves of Foreign Exchange and Gold

Debt External

$0 (2016)

Stock of Direct Foreign Investment at Home

Stock of Direct Foreign Investment Abroad

Exchange Rates

0.7634 (2013 est.)
Year

GDP Official Exchange Rate

  • $2.712 billion 2016 est.

Taxes and Other Revenues

  • 69% (of GDP) (2016)

Fiscal Year

  • calendar year

GDP Purchasing Power Parity

GDP Real Growth Rate

    -0.1% (2013 est.)

GDP Per Capital

    $50,300 (2013 est.)

Credit Ratings

  • Fitch rating
    BBB+ (2018)
  • Standard & Poors rating
    BBB (2017)

Gross National Saving

GDP Composition by end Use

GDP Composition by Sector of Origin

  • Agriculture
    11.9%
  • Industry
    33.6%
  • Services
    54.5%

Inflation Rate Consumer Prices

    -0.1% (2014 est.)

Current Account Balance

Exports

    $79.57 million (2014 est.)

Exports Partners

Exports Commodities

    Tobacco products, furniture

Imports

    $1.264 billion (2014 est.)

Imports Partners

Imports Commodities

    Consumer goods, food, fuel, electricity