Why is Liechtenstein debt free?

As far as the second question goes, probably not. Liechtenstein has a lot of factors working in its favor when it comes to keeping its debt low. First, it's extremely small. The entire country only fills 62 square miles of mountainous terrain between Switzerland and Austria. read more

Debt Free Zone: How Liechtenstein Manages to Live Within Its Means I'm guessing here that the unwritten question is "why can't we be debt free". We're not in the same situation at all. read more

Liechtenstein is also the world’s leading exporter of false teeth. Liechtenstein’s citizens couldn’t possibly buy all of this stuff, so the great bulk of the production is exported. In 2009 the country’s exports totaled $2.83 billion, while its imports were just $1.77 billion, mostly in raw materials and food. read more

It seems to me that they all have different reasons to have no debt. Macau is an administrative region of China and Niue is part of the Realm of New Zealand. Liechtenstein and Brunei are truly sovereign independent states, so let’s focus on those two. read more