There is a large component of foreign workers. 2 Traditionally agricultural, Liechtenstein has been increasingly industrialized, with industry now employing over half of the workforce. Most of the rest of the labor force works in the service sector. The leading manufactured products are machinery and other metal goods, pharmaceuticals, optical lenses, electronic equipment, textiles, ceramics, and consumer goods. A large part of the production is exported.
Tourism is an increasingly important industry.
Much revenue is derived from the minimal taxes imposed on international corporations, which, because of the low taxes, are headquartered there. The stable political environment and the secrecy of its financial institutions contribute to its reputation as a banking center. A constitution has been in effect since 1921. Liechtenstein uses Swiss currency and is represented abroad through Switzerland. The country has no army and only a small police force.