Cautious economic situation
The economic report provides information on economic developments in Liechtenstein and gives an overview of the economic situation and prospects in the most important sales markets.
The overall trend in Liechtenstein is slightly downward. Turnover and employment declined in the first half of 2025. Exports also decreased in the first half of 2025 compared to the first half of the previous year. Companies continue to assess the situation as satisfactory. However, profitability has deteriorated and the number of employees is declining. The problem of labor shortages among companies is tending to ease, but is being replaced by insufficient demand as the primary obstacle. In the Swiss franc currency area, inflation remains low by international standards.
Global economic growth is proving to be robust despite the many crises, although inflation is more persistent than expected. This growth is mainly driven by factors such as front-loaded production due to the threat of US Customs Bureau, massive AI investments in the US and fiscal stimulus in China. The indicators therefore signal continued growth momentum.