and leaders:
Fatherland Union (VU), Dr. Otto HASLER; Progressive Citizens' Party
(FBP), Emanuel VOGT; Free Electoral List (FL)
Member of:
CE, CSCE, EBRD, ECE, EFTA, IAEA, INTELSAT, INTERPOL, IOC, ITU, LORCS,
UN, UNCTAD, UPU, WCL, WIPO
Diplomatic representation in US:
in routine diplomatic matters, Liechtenstein is represented in the US
by the Swiss Embassy
US diplomatic representation:
the US has no diplomatic or consular mission in Liechtenstein, but the
US Consul General at Zurich (Switzerland) has consular accreditation
at Vaduz
Flag:
two equal horizontal bands of blue (top) and red with a gold crown on
the hoist side of the blue band
@Liechtenstein, Economy
Overview:
The prosperous economy is based primarily on small-scale light
industry and tourism. Industry accounts for 53% of total employment,
the service sector 45% (mostly based on tourism), and agriculture and
forestry 2%. The sale of postage stamps to collectors is estimated at
$10 million annually. Low business taxes (the maximum tax rate is 20%)
and easy incorporation rules have induced about 25,000 holding or
so-called letter box companies to establish nominal offices in
Liechtenstein. Such companies, incorporated solely for tax purposes,
provide 30% of state revenues. The economy is tied closely to
Switzerland's economy in a customs union, and incomes and living
standards parallel those of the more prosperous Swiss groups.
National product:
GDP - purchasing power equivalent - $630 million (1990 est.)
National product real growth rate:
NA%
National product per capita:
$22,300 (1990 est.)
Inflation rate (consumer prices):
5.4% (1990)
Unemployment rate:
1.5% (1990)
Budget:
revenues:
$259 million
expenditures:
$292 million, including capital expenditures of $NA (1990 est.)
Exports:
$NA
commodities:
small specialty machinery, dental products, stamps, hardware, pottery
partners:
EFTA countries 20.9% (Switzerland 15.4%), EC countries 42.7%, other
36.4% (1990)
Imports:
$NA
commodities:
machinery, metal goods, textiles, foodstuffs, motor vehicles
partners:
NA
External debt:
$NA
Industrial production:
growth rate NA%
Electricity:
capacity:
23,000 kW
production:
150 million kWh
consumption per capita:
5,230 kWh (1992)
Industries:
electronics, metal manufacturing, textiles, ceramics, pharmaceuticals,
food products, precision instruments, tourism
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