001)
election 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
International organization participation: CE, EBRD, ECE, EFTA,
IAEA, ICRM, IFRCS, Intelsat, Interpol, IOC, ITU, OPCW, 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 to 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
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
European Free Trade Association (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--$730 million (1998 est.)
GDP--real growth rate: NA%
GDP--per capita: purchasing power parity?$23,000 (1998 est.)
GDP--composition by sector:
agriculture: NA%
industry: NA%
services: NA%
Population below poverty line: NA%
Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%
Inflation rate (consumer prices): 0.5% (1997 est.)
Labor force: 22,891 of which 13,847 are foreigners; 8,231 commute
from Austria and Switzerland to work each day
Labor force--by occupation: ind
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