Source: world bank Nominal/PPP
Summary:
Liechtenstein GDP expanded from 1970 to 2023, increasing from $0.09 billion to $8.24 billion.The compound annual growth rate (CAGR) averaged 8.9% over the period. The economy recorded its peak level in 2023 and its lowest level in 1970. Growth volatility remained high. The maximum drawdown reached 11.42%, indicating the largest cyclical decline from peak levels. The country experienced 10 recession episode(s) during the observed period.
Liechtenstein Economic Phases (1970–2023)
Between 1970 to 2023, Liechtenstein experienced the following economic phases:
- High Growth (1971–1980) indicating robust economic expansion
- Expansion (1982–1983) indicating steady moderate growth
- High Growth (1985–1988) indicating robust economic expansion
- High Growth (1994–1995) indicating robust economic expansion
- High Growth (1998–1999) indicating robust economic expansion
- High Growth (2002–2008) indicating robust economic expansion
- High Growth (2010–2011) indicating robust economic expansion
- Contraction (2015–2016) indicating temporary slowdown
- Expansion (2017–2018) indicating steady moderate growth
- Contraction (2019–2020) indicating temporary slowdown
- High Growth (2023–2023) indicating robust economic expansion
The most remarkable growth occurred in 1986 with an increase of 47.306%, while the largest decline was in 2009 at -11.357%.