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Liechtenstein (2008)

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Liechtenstein 2008 year

 Liechtenstein
Administrative divisions 11 communes (Gemeinden, singular - Gemeinde); Balzers, Eschen, Gamprin, Mauren, Planken, Ruggell, Schaan, Schellenberg, Triesen, Triesenberg, Vaduz
Age structure 0-14 years: 17.1% (male 2,902/female 2,963)


15-64 years: 70% (male 11,887/female 12,101)


65 years and over: 12.8% (male 1,862/female 2,532) (2007 est.)
Agriculture - products wheat, barley, corn, potatoes; livestock, dairy products
Area total: 160 sq km


land: 160 sq km


water: 0 sq km
Area - comparative about 0.9 times the size of Washington, DC
Background The Principality of Liechtenstein was established within the Holy Roman Empire in 1719; it became a sovereign state in 1806. Until the end of World War I, it was closely tied to Austria, but the economic devastation caused by that conflict forced Liechtenstein to enter into a customs and monetary union with Switzerland. Since World War II (in which Liechtenstein remained neutral), the country's low taxes have spurred outstanding economic growth. Shortcomings in banking regulatory oversight resulted in concerns about the use of financial institutions for money laundering. However, Liechtenstein implemented anti-money-laundering legislation over the past several years and a Mutual Legal Assistance Treaty with the US went into effect in 2003.
Birth rate 10.02 births/1,000 population (2007 est.)
Budget revenues: $424.2 million


expenditures: $414.1 million (1998 est.)
Capital name: Vaduz


geographic coordinates: 47 08 N, 9 31 E


time difference: UTC+1 (6 hours ahead of Washington, DC during Standard Time)


daylight saving time: +1hr, begins last Sunday in March; ends last Sunday in October
Climate continental; cold, cloudy winters with frequent snow or rain; cool to moderately warm, cloudy, humid summers
Coastline 0 km (doubly landlocked)
Constitution 5 October 1921
Country name conventional long form: Principality of Liechtenstein


conventional short form: Liechtenstein


local long form: Fuerstentum Liechtenstein


local short form: Liechtenstein
Death rate 7.3 deaths/1,000 population (2007 est.)
Debt - external $0 (2001)
Diplomatic representation from the US the US does not have an embassy in Liechtenstein; the US Ambassador to Switzerland is accredited to Liechtenstein
Diplomatic representation in the US chief of mission: Ambassador Claudia FRITSCHE


chancery: 888 17th Street NW, Suite 1250, Washington, DC 20006


telephone: [1] (202) 331-0590


FAX: [1] (202) 331-3221
Disputes - international none
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 its large European neighbors. The Liechtenstein economy is widely diversified with a large number of small businesses. Low business taxes - the maximum tax rate is 20% - and easy incorporation rules have induced many 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 has been a member of the European Economic Area (an organization serving as a bridge between the European Free Trade Association (EFTA) and the EU) since May 1995. The government is working to harmonize its economic policies with those of an integrated Europe.
Elevation extremes lowest point: Ruggeller Riet 430 m


highest point: Vorder-Grauspitz 2,599 m
Environment - current issues NA
Environment - international agreements party to: Air Pollution, Air Pollution-Nitrogen Oxides, Air Pollution-Persistent Organic Pollutants, Air Pollution-Sulfur 85, Air Pollution-Sulfur 94, Air Pollution-Volatile Organic Compounds, Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Desertification, Endangered Species, Hazardous Wastes, Ozone Layer Protection, Wetlands


signed, but not ratified: Law of the Sea
Ethnic groups Alemannic 86%, Italian, Turkish, and other 14%
Exchange rates Swiss francs per US dollar - 1.1973 (2007), 1.2539 (2006), 1.2452 (2005), 1.2435 (2004), 1.3467 (2003)
Executive branch chief of state: Prince HANS ADAM II (since 13 November 1989, assumed executive powers 26 August 1984); Heir Apparent Prince ALOIS, son of the monarch (born 11 June 1968); note - on 15 August 2004, HANS ADAM transferred the official duties of the ruling prince to ALOIS, but HANS ADAM retains status of chief of state


head of government: Head of Government Otmar HASLER (since 5 April 2001); Deputy Head of Government Klaus TSCHUETSCHER (since 21 April 2005)


cabinet: Cabinet elected by the Parliament, confirmed by the monarch


elections: none; the monarch is hereditary; following legislative elections, the leader of the majority party in the Landtag is usually appointed the head of government by the monarch and the leader of the largest minority party in the Landtag is usually appointed the deputy head of government by the monarch if there is a coalition government
Exports $2.47 billion (1996)
Exports - commodities small specialty machinery, connectors for audio and video, parts for motor vehicles, dental products, hardware, prepared foodstuffs, electronic equipment, optical products
Exports - partners EU 62.6% (Germany 24.3%, Austria 9.5%, France 8.9%, Italy 6.6%, UK 4.6%), US 18.9%, Switzerland 15.7% (2006)
Fiscal year calendar year
Flag description two equal horizontal bands of blue (top) and red with a gold crown on the hoist side of the blue band
GDP - composition by sector agriculture: 6%


industry: 39%


services: 55% (2001)
GDP - real growth rate 11% (1999 est.)
Geographic coordinates 47 16 N, 9 32 E
Geography - note along with Uzbekistan, one of only two doubly landlocked countries in the world; variety of microclimatic variations based on elevation
Household income or consumption by percentage share lowest 10%: NA%


highest 10%: NA%
Illicit drugs has strengthened money laundering controls, but money laundering remains a concern due to Liechtenstein's sophisticated offshore financial services sector
Imports $917.3 million (1996)
Imports - commodities agricultural products, raw materials, energy products, machinery, metal goods, textiles, foodstuffs, motor vehicles
Imports - partners EU, Switzerland (2006)
Independence 23 January 1719 (Principality of Liechtenstein established); 12 July 1806 (independence from the Holy Roman Empire)
Industrial production growth rate NA%
Industries electronics, metal manufacturing, dental products, ceramics, pharmaceuticals, food products, precision instruments, tourism, optical instruments
Infant mortality rate total: 4.58 deaths/1,000 live births


male: 6.13 deaths/1,000 live births


female: 3.02 deaths/1,000 live births (2007 est.)
Inflation rate (consumer prices) 1% (2001)
International organization participation CE, EBRD, EFTA, IAEA, ICCt, ICRM, IFRCS, Interpol, IOC, IPU, ITSO, ITU, OPCW, OSCE, PCA, UN, UNCTAD, UPU, WCL, WIPO, WTO
Irrigated land NA
Judicial branch Supreme Court or Oberster Gerichtshof; Court of Appeal or Obergericht
Labor force 29,500 of whom 13,900 commute from Austria, Switzerland, and Germany to work each day (31 December 2001)
Labor force - by occupation agriculture: 2%


industry: 47%


services: 51% (31 December 2001)
Land boundaries total: 76 km


border countries: Austria 34.9 km, Switzerland 41.1 km
Land use arable land: 25%


permanent crops: 0%


other: 75% (2005)
Languages German (official), Alemannic dialect
Legal system local civil and penal codes based on civil law system; accepts compulsory ICJ jurisdiction with reservations
Legislative branch unicameral Parliament or Landtag (25 seats; members are elected by popular vote under proportional representation to serve four-year terms)


elections: last held 11 and 13 March 2005 (next to be held by 2009)


election results: percent of vote by party - FBP 48.7%, VU 38.2%, FL 13%; seats by party - FBP 12, VU 10, FL 3
Life expectancy at birth total population: 79.81 years


male: 76.24 years


female: 83.4 years (2007 est.)
Literacy definition: age 10 and over can read and write


total population: 100%


male: 100%


female: 100%
Location Central Europe, between Austria and Switzerland
Map references Europe
Maritime claims none (landlocked)
Military - note defense is the responsibility of Switzerland
National holiday Assumption Day, 15 August
Nationality noun: Liechtensteiner(s)


adjective: Liechtenstein
Natural hazards NA
Natural resources hydroelectric potential, arable land
Net migration rate 4.73 migrant(s)/1,000 population (2007 est.)
Pipelines gas 20 km (2007)
Political parties and leaders Patriotic Union or VU [Adolf HEEB] (was Fatherland Union); Progressive Citizens' Party or FBP [Marcus VOGT]; The Free List or FL [Claudia HEEB-FLECK and Egon MATT]
Political pressure groups and leaders NA
Population 34,247 (July 2007 est.)
Population below poverty line NA%
Population growth rate 0.745% (2007 est.)
Radio broadcast stations AM 0, FM 4, shortwave 0 (1998)
Railways 9 km 1.435-m gauge (electrified)


note: belongs to the Austrian Railway System connecting Austria and Switzerland (2006)
Religions Roman Catholic 76.2%, Protestant 7%, unknown 10.6%, other 6.2% (June 2002)
Sex ratio at birth: 1.01 male(s)/female


under 15 years: 0.979 male(s)/female


15-64 years: 0.982 male(s)/female


65 years and over: 0.735 male(s)/female


total population: 0.946 male(s)/female (2007 est.)
Suffrage 18 years of age; universal
Telephone system general assessment: automatic telephone system


domestic: NA


international: country code - 423; linked to Swiss networks by cable and microwave radio relay
Telephones - main lines in use 20,000 (2005)
Telephones - mobile cellular 27,500 (2005)
Television broadcast stations NA (linked to Swiss networks) (1997)
Terrain mostly mountainous (Alps) with Rhine Valley in western third
Total fertility rate 1.51 children born/woman (2007 est.)
Unemployment rate 1.3% (September 2002)
Waterways 28 km (2006)
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