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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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