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US--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 _*_Economy _#_Overview: The prosperous economy is based primarily on small-scale light industry and tourism. Industry accounts for 54% of total employment, the service sector 42% (mostly based on tourism), and agriculture and forestry 4%. 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 that of Switzerland in a customs union, and incomes and living standards parallel those of the more prosperous Swiss groups. _#_GDP: $630 million, per capita $22,300; real growth rate NA% (1990 est.) _#_Inflation rate (consumer prices): 3.0% (1989 est.) _#_Unemployment rate: 0.1% (December 1986) _#_Budget: revenues $240 million; expenditures $197 million, including capital expenditures of NA (1988) _#_Exports: $1.28 billion (1988); commodities--small specialty machinery, dental products, stamps, hardware, pottery; partners--EC 40%, EFTA 22% (Switzerland 18%) (1988) _#_Imports: $NA; commodities--machinery, metal goods, textiles, foodstuffs, motor vehicles; partners--NA _#_External debt: $NA _#_Industrial production: growth rate NA% _#_Electricity: 23,000 kW capacity; 150 million kWh produced, 5,340 kWh per capita (1989) _#_Industries: electronics, metal manufacturing, textiles, ceramics, pharmaceuticals, food products, precision instruments, tourism _#_Agriculture: livestock, vegetables, corn, wheat, potatoes, grapes _#_Economic aid: none _#_Currency: Swiss franc, franken, or franco (plural--francs, franken, or franchi); 1 Swiss franc, franken, or franco (SwF) = 100 centimes, rappen, or centesimi _#_Exchange rates: Swiss francs, franken, or franchi (SwF) per US$1--1.2724 (January 1991), 1.3892 (1990), 1.6359 (1989), 1.4633 (1988), 1.4912 (1987), 1.7989 (1986), 2.4571 (1985) _#_Fiscal year: calendar year _*_Communications _#_Railroads: 18.5 km 1.435-meter stan
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