cember 1993); Deputy Head
of Government Dr. Thomas BUECHEL (since 15 December 1993)
cabinet: Cabinet; elected by the Diet; confirmed by the sovereign

Legislative branch: unicameral
Diet (Landtag): elections last held on 24 October 1993 (next to be
held by March 1997); results - VU 50.1%, FBP 41.3%, FL 8.5%; seats -
(25 total) VU 13, FBP 11, FL 1

Judicial branch: Supreme Court (Oberster Gerichtshof) for criminal
cases, Superior Court (Obergericht) for civil cases

Political parties and leaders: Fatherland Union (VU), Dr. Oswald
KRANTZ; Progressive Citizens' Party (FBP), Otmar HASLER; The Free List
(FL)

Member of: CE, EBRD, ECE, EFTA, GATT, IAEA, ICRM, IFRCS, INTELSAT,
INTERPOL, IOC, ITU, OSCE, 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: Despite its small size and limited natural resources,
Liechtenstein has developed into a prosperous, highly industrialized,
free-enterprise economy with a vital service sector and living
standards on par with its large European neighbors. 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, providing 30% of state
revenues. The country participates in a customs union with Switzerland
and uses the Swiss franc as its national currency. Liechtenstein plans
to join the European Economic Area (an organization serving as a
bridge between EFTA and EU) in 1995.

National product: GDP - purchasing power parity - $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% (1994)

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: EC countries 42.7%, EFTA countries 20.9% (Switzer