tion results: percent of vote by party-VU 50.1%, FBPL 41.3%, FL
8.5%; seats by party - VU 13, FBPL 10, FL 2
Judicial branch: Supreme Court or Oberster Gerichtshof; Superior Court
or Obergericht
Political parties and leaders: Fatherland Union or VU [Dr. Oswald
KRANZ]; Progressive Citizens' Party or FBPL [Norbert SEEGER]; The Free
List or FL
International organization participation: CE, EBRD, ECE, EFTA, IAEA,
ICRM, IFRCS, Intelsat, Interpol, IOC, ITU, OSCE, PCA, UN, UNCTAD, UPU,
WCL, WIPO, WTrO
Diplomatic representation in the US: Liechtenstein does not have an
embassy in the US, but is represented by the Swiss embassy in routine
diplomatic matters
Diplomatic representation from the US: the US does not have an embassy
in Liechtenstein, but the US Ambassador at Bern (Switzerland) is also
accredited to Liechtenstein
Flag description: two equal horizontal bands of blue (top) and red
with a gold crown on the hoist side of the blue band
@Liechtenstein:Economy
Economy-overview: Despite its small size and limited natural
resources, Liechtenstein has developed into a prosperous, highly
industrialized, free-enterprise economy with a vital financial service
sector and living standards on a par with the urban areas of its large
European neighbors. Low business taxes-the maximum tax rate is 18%-and
easy incorporation rules have induced about 73,700 holding or
so-called letter box companies to establish nominal offices in
Liechtenstein, providing 30% of state revenues. The country
participates in a customs union with Switzerland and uses the Swiss
franc as its national currency. It imports more than 90% of its energy
requirements. Liechtenstein is a member of the European Economic Area
(an organization serving as a bridge between EFTA and EU) since May
1995. The government is working to harmonize its economic policies
with those of an integrated Europe.
GDP: purchasing power parity-$713 million (1996 est.)
GDP-real growth rate: NA%
GDP-per capita: purchasing power parity-$23,000 (1996 est.)
GDP-composition by sector:
agriculture: NA%
industry: NA%
services: NA%
Inflation rate-consumer price index: 0.5% (1997 est.)
Labor force:
total: 22,891 of which 13,847 are foreigners; 8,231 commute from
Austria and Switzerland to work each day
by occupation: industry, trade, and building 46%, services 52%,
agriculture, fishing, forestry, and horticulture 2% (1996 est.)
Unemployment rate: 1.6% (1997)
Budget
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