Liechtenstein’s economic output, as measured by real gross domestic product (GDP), declined in 2025—a year marked by U.S. tariffs—and thus failed to sustain the surprisingly positive trend of the previous two years. According to the Liechtenstein Institute’s estimation model, nominal GDP in 2025 amounts to approximately CHF 7’641 million. Based on the nominal GDP for 2024 from the preliminary estimate published by the Office of Statistics, the estimation model projects a nominal GDP growth of approximately −3% for 2025. Due to low inflation, the real GDP growth rate for 2025 is only slightly lower, also rounding to −3%. » more

Geopolitical disruptions and the associated economic policy uncertainty hit Liechtenstein earlier and harder than its larger neighbors. The recently published LI Focus 1/2026 analyzes these impact channels and demonstrates why agility and financial buffers remain central pillars of Liechtenstein’s resilience. » more