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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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