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Compare Liechtenstein (2003) - Bermuda (2004)

Compare Liechtenstein (2003) z Bermuda (2004)

 Liechtenstein (2003)Bermuda (2004)
 LiechtensteinBermuda
Administrative divisions 11 communes (Gemeinden, singular - Gemeinde); Balzers, Eschen, Gamprin, Mauren, Planken, Ruggell, Schaan, Schellenberg, Triesen, Triesenberg, Vaduz 9 parishes and 2 municipalities*; Devonshire, Hamilton, Hamilton*, Paget, Pembroke, Saint George*, Saint George's, Sandys, Smith's, Southampton, Warwick
Age structure 0-14 years: 18.1% (male 2,979; female 3,008)


15-64 years: 70.6% (male 11,646; female 11,740)


65 years and over: 11.3% (male 1,538; female 2,234) (2003 est.)
0-14 years: 19.1% (male 6,192; female 6,186)


15-64 years: 69.3% (male 22,268; female 22,703)


65 years and over: 11.7% (male 3,295; female 4,291) (2004 est.)
Agriculture - products wheat, barley, corn, potatoes; livestock, dairy products bananas, vegetables, citrus, flowers; dairy products
Airports none (2002) 1 (2003 est.)
Airports - with paved runways - total: 1


2,438 to 3,047 m: 1 (2004 est.)
Area total: 160 sq km


land: 160 sq km


water: 0 sq km
total: 53.3 sq km


land: 53.3 sq km


water: 0 sq km
Area - comparative about 0.9 times the size of Washington, DC about one-third 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. However, shortcomings in banking regulatory oversight have resulted in concerns about the use of the financial institutions for money laundering. Bermuda was first settled in 1609 by shipwrecked English colonists headed for Virginia. Tourism to the island to escape North American winters first developed in Victorian times. Tourism continues to be important to the island's economy, although international business has overtaken it in recent years. Bermuda has developed into a highly successful offshore financial center. A referendum on independence was soundly defeated in 1995.
Birth rate 10.92 births/1,000 population (2003 est.) 11.83 births/1,000 population (2004 est.)
Budget revenues: $424.2 million


expenditures: $414.1 million, including capital expenditures of $NA (1998 est.)
revenues: $671.1 million


expenditures: $594.6 million, including capital expenditures of $55 million (FY03/04)
Capital Vaduz Hamilton
Climate continental; cold, cloudy winters with frequent snow or rain; cool to moderately warm, cloudy, humid summers subtropical; mild, humid; gales, strong winds common in winter
Coastline 0 km (doubly landlocked) 103 km
Constitution 5 October 1921 8 June 1968, amended 1989 and 2003
Country name conventional long form: Principality of Liechtenstein


conventional short form: Liechtenstein


local long form: Fuerstentum Liechtenstein


local short form: Liechtenstein
conventional long form: none


conventional short form: Bermuda


former: Somers Islands
Currency Swiss franc (CHF) Bermudian dollar (BMD)
Death rate 6.85 deaths/1,000 population (2003 est.) 7.55 deaths/1,000 population (2004 est.)
Debt - external $0 (2001) $160 million (FY99/00)
Dependency status - overseas territory of the UK
Diplomatic representation from the US the US does not have an embassy in Liechtenstein, but the US Ambassador to Switzerland is also accredited to Liechtenstein chief of mission: Deputy Chief of Mission Antoinette BOECKER


consulate(s) general: Crown Hill, 16 Middle Road, Devonshire DVO3


mailing address: P. O. Box HM325, Hamilton HMBX; American Consulate General Hamilton, Department of State, 5300 Hamilton Place, Washington, DC 20520-5300


telephone: [1] (441) 295-1342


FAX: [1] (441) 295-1592, [1] (441) 296-9233
Diplomatic representation in the US chief of mission: Ambassador Claudia FRITSCHE


chancery: 1300 Eye Street NW, Suite 550W, Washington, DC 20005


telephone: [1] (202) 216-0460


FAX: [1] (202) 216-0459
none (overseas territory of the UK)
Disputes - international Liechtenstein's royal family claims restitution for 1,600 sq km of land in the Czech Republic confiscated in 1918 none
Economic aid - recipient none NA
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. Bermuda enjoys one of the highest per capita incomes in the world, equal to that of the US. Its economy is primarily based on providing financial services for international business and luxury facilities for tourists. The effects of 11 September 2001 have had both positive and negative ramifications for Bermuda. On the positive side, a number of new reinsurance companies have located on the island, contributing to the expansion of an already robust international business sector. On the negative side, Bermuda's tourism industry - which derives over 80% of its visitors from the US - was severely hit as American tourists chose not to travel. Tourism rebounded somewhat in 2002-03. Most capital equipment and food must be imported. Bermuda's industrial sector is small, although construction continues to be important; the average cost of a house in June 2003 had risen to $976,000. Agriculture is limited, only 6% of the land being arable.
Electricity - consumption NA kWh 598.6 million kWh (2001)
Electricity - exports 0 kWh (2002) 0 kWh (2001)
Electricity - imports 0 kWh (2002) 0 kWh (2001)
Electricity - production - 643.7 million kWh (2001)
Electricity - production by source fossil fuel: 0%


hydro: 0%


nuclear: 0%


other: 0% (2002)
-
Elevation extremes lowest point: Ruggeller Riet 430 m


highest point: Grauspitz 2,599 m
lowest point: Atlantic Ocean 0 m


highest point: Town Hill 76 m
Environment - current issues NA asbestos disposal; water pollution; preservation of open space; sustainable development
Environment - international agreements party to: Air Pollution, Air Pollution-Nitrogen Oxides, Air Pollution-Sulphur 85, Air Pollution-Sulphur 94, Air Pollution-Volatile Organic Compounds, Biodiversity, Climate Change, Desertification, Endangered Species, Hazardous Wastes, Ozone Layer Protection, Wetlands


signed, but not ratified: Air Pollution-Persistent Organic Pollutants, Climate Change-Kyoto Protocol, Law of the Sea
-
Ethnic groups Alemannic 86%, Italian, Turkish, and other 14% black 58%, white 36%, other 6%
Exchange rates Swiss francs per US dollar - 1.5586 (2002), 1.6876 (2001), 1.6888 (2000), 1.5022 (1999), 1.4498 (1998) Bermudian dollar per US dollar - 1.0000 (fixed rate pegged to the US dollar)
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)


head of government: Head of Government Otmar HASLER (since 5 April 2001) and Deputy Head of Government Rita KIEBER-BECK (since 5 April 2001)


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 Diet is usually appointed the head of government by the monarch and the leader of the largest minority party in the Diet is usually appointed the deputy head of government by the monarch
chief of state: Queen ELIZABETH II (since 6 February 1952), represented by Governor Sir John VEREKER (since NA April 2002)


head of government: Premier Alex SCOTT (since 24 July 2003); Deputy Premier Ewart BROWN


cabinet: Cabinet nominated by the premier, appointed by the governor


elections: none; the monarch is hereditary; governor appointed by the monarch; following legislative elections, the leader of the majority party or the leader of the majority coalition is usually appointed premier by the governor
Exports $2.47 billion (1996) NA (2001)
Exports - commodities small specialty machinery, connectors for audio and video, parts for motor vehicles, dental products, hardware, prepared foodstuffs, electronic equipment, optical products reexports of pharmaceuticals
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% France 62%, Norway 13.8%, UK 7.5% (2003)
Fiscal year calendar year 1 April - 31 March
Flag description two equal horizontal bands of blue (top) and red with a gold crown on the hoist side of the blue band red, with the flag of the UK in the upper hoist-side quadrant and the Bermudian coat of arms (white and green shield with a red lion holding a scrolled shield showing the sinking of the ship Sea Venture off Bermuda in 1609) centered on the outer half of the flag
GDP purchasing power parity - $825 million (1999 est.) purchasing power parity - $2.33 billion (2003 est.)
GDP - composition by sector agriculture: NA%


industry: 40%


services: NA% (1999)
agriculture: 1%


industry: 10%


services: 89% (2002 est.)
GDP - per capita purchasing power parity - $25,000 (1999 est.) purchasing power parity - $36,000 (2003 est.)
GDP - real growth rate 11% (1999 est.) 2% (2003 est.)
Geographic coordinates 47 16 N, 9 32 E 32 20 N, 64 45 W
Geography - note along with Uzbekistan, one of only two doubly landlocked countries in the world; variety of microclimatic variations based on elevation consists of about 138 coral islands and islets with ample rainfall, but no rivers or freshwater lakes; some land was leased by US Government from 1941 to 1995
Highways total: 250 km


paved: 250 km


unpaved: 0 km
total: 450 km


paved: 450 km


unpaved: 0 km


note: public roads - 209 km; private roads - 241 km (2002)
Household income or consumption by percentage share lowest 10%: NA%


highest 10%: NA%
lowest 10%: NA


highest 10%: NA
Illicit drugs multilateral organizations engaged in issuing international guidelines for financial sector oversight found gaps in Liechtenstein's financial services controls that made it vulnerable to money laundering, but Liechtenstein has become less attractive as a haven for illicit funds, based on implementation in 2001 of new anti-money-laundering legislation and improved mutual legal assistance cooperation with other countries -
Imports $917.3 million (1996) NA (2001)
Imports - commodities agricultural products, raw materials, machinery, metal goods, textiles, foodstuffs, motor vehicles machinery and transport equipment, construction materials, chemicals, food and live animals
Imports - partners EU, Switzerland Kazakhstan 46.7%, France 32.5%, US 8.5% (2003)
Independence 23 January 1719 Imperial Principality of Liechtenstein established; 12 July 1806 established independence from the Holy Roman Empire none (overseas territory of the UK)
Industrial production growth rate NA% NA
Industries electronics, metal manufacturing, dental products, ceramics, pharmaceuticals, food products, precision instruments, tourism, optical instruments tourism, international business, light manufacturing
Infant mortality rate total: 4.85 deaths/1,000 live births


male: 6.59 deaths/1,000 live births


female: 3.09 deaths/1,000 live births (2003 est.)
total: 8.79 deaths/1,000 live births


male: 10.45 deaths/1,000 live births


female: 7.1 deaths/1,000 live births (2004 est.)
Inflation rate (consumer prices) 1% (2001) 3.3% (mid-2003 est.)
International organization participation CE, EBRD, ECE, EFTA, IAEA, ICCt, ICRM, IFRCS, Interpol, IOC, ITU, OPCW, OSCE, PCA, UN, UNCTAD, UPU, WIPO, WTrO Caricom (associate), ICFTU, Interpol (subbureau), IOC, UPU, WCO, Egmont Group, Caribbean Financial Action Task Force
Internet Service Providers (ISPs) 44 (Liechtenstein and Switzerland) (2000) -
Irrigated land NA sq km NA sq km
Judicial branch Supreme Court or Oberster Gerichtshof; Court of Appeal or Obergericht Supreme Court; Court of Appeal; Magistrate Courts
Labor force 29,000 of which 19,000 are foreigners; 13,000 commute from Austria, Switzerland, and Germany to work each day (37256) 37,470 (2000)
Labor force - by occupation industry 47.4%, services 51.3%, agriculture 1.3% (37256 est.) agriculture and fishing 3%, laborers 17%, clerical 22%, professional and technical 17%, administrative and managerial 13%, sales 8%, services 20% (2000 est.)
Land boundaries total: 76 km


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


permanent crops: 0%


other: 75% (1998 est.)
arable land: 20%


permanent crops: 0%


other: 80% (55% developed, 45% rural/open space) (2001)
Languages German (official), Alemannic dialect English (official), Portuguese
Legal system local civil and penal codes; accepts compulsory ICJ jurisdiction, with reservations English law
Legislative branch unicameral Parliament or Landtag (25 seats; members are elected by direct, popular vote under proportional representation to serve four-year terms)


elections: last held 11 February 2001 (next to be held by NA 2005)


election results: percent of vote by party - FBP 49.90%, VU 41.35%, FL 8.71%; seats by party - FBP 13, VU 11, FL 1
bicameral Parliament consists of the Senate (an 11-member body appointed by the governor, the premier, and the opposition) and the House of Assembly (36 seats; members are elected by popular vote to serve up to five-year terms)


elections: last general election held 24 July 2003 (next to be held NA July 2008)


election results: percent of vote by party - PLP 51.7%, UBP 48%; seats by party - PLP 22, UBP 14
Life expectancy at birth total population: 79.25 years


male: 75.63 years


female: 82.87 years (2003 est.)
total population: 77.6 years


male: 75.54 years


female: 79.7 years (2004 est.)
Literacy definition: age 10 and over can read and write


total population: 100%


male: 100%


female: 100% (1981 est.)
definition: age 15 and over can read and write


total population: 98%


male: 98%


female: 99% (1970 est.)
Location Central Europe, between Austria and Switzerland North America, group of islands in the North Atlantic Ocean, east of South Carolina (US)
Map references Europe North America
Maritime claims none (landlocked) territorial sea: 12 nm


exclusive fishing zone: 200 nm
Merchant marine - total: 94 ships (1,000 GRT or over) 4,845,326 GRT/6,501,782 DWT


by type: bulk 25, cargo 4, container 17, liquefied gas 9, passenger 6, petroleum tanker 9, refrigerated cargo 11, roll on/roll off 10, short-sea/passenger 3


foreign-owned: Croatia 5, Germany 2, Greece 21, Hong Kong 9, Indonesia 1, Sweden 6, Switzerland 1, United Kingdom 33, United States 12


registered in other countries: 2 (2004 est.)
Military - note defense is the responsibility of Switzerland defense is the responsibility of the UK
Military branches - Bermuda Regiment
Military expenditures - dollar figure - $4.03 million (2001)
Military expenditures - percent of GDP - 0.11% (FY00/01)
National holiday Assumption Day, 15 August Bermuda Day, 24 May
Nationality noun: Liechtensteiner(s)


adjective: Liechtenstein
noun: Bermudian(s)


adjective: Bermudian
Natural hazards NA hurricanes (June to November)
Natural resources hydroelectric potential, arable land limestone, pleasant climate fostering tourism
Net migration rate 4.89 migrant(s)/1,000 population (2003 est.) 2.49 migrant(s)/1,000 population (2004 est.)
Pipelines gas 20 km (2003) -
Political parties and leaders Fatherland Union or VU [Oswald KRANZ]; Progressive Citizens' Party or FBP [Ernst WALCH]; The Free List or FL [Dr. Pepo FRICK, Karin JENNY, Rene HASLER] Gombey Liberation Party or GLP [Gavin Sundjata SMITH]; National Liberal Party or NLP [Dessaline WALDRON]; Progressive Labor Party or PLP [William Alexander SCOTT]; United Bermuda Party or UBP [Grant GIBBONS];
Political pressure groups and leaders NA Bermuda Employer's Union [Eddie SAINTS]; Bermuda Industrial Union or BIU [Derrick BURGESS]; Bermuda Public Services Union or BPSU [Ed BALL]; Bermuda Union of Teachers [Michael CHARLES]
Population 33,145 (July 2003 est.) 64,935 (July 2004 est.)
Population below poverty line NA% 19% (2000)
Population growth rate 0.9% (2003 est.) 0.68% (2004 est.)
Ports and harbors none Hamilton, Saint George's, Dockyard
Radio broadcast stations AM 0, FM 4, shortwave 0 (1998) AM 5, FM 3, shortwave 0 (1998)
Railways total: 18.5 km


standard gauge: 18.5 km 1.435-m gauge (electrified)


note: owned, operated, and included in statistics of Austrian Federal Railways (2002)
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Religions Roman Catholic 76.2%, Protestant 7%, unknown 10.6%, other 6.2% (June 2002) non-Anglican Protestant 39%, Anglican 27%, Roman Catholic 15%, other 19%
Sex ratio at birth: 1 male(s)/female


under 15 years: 0.99 male(s)/female


15-64 years: 0.99 male(s)/female


65 years and over: 0.69 male(s)/female


total population: 0.95 male(s)/female (2003 est.)
at birth: 1.02 male(s)/female


under 15 years: 1 male(s)/female


15-64 years: 0.98 male(s)/female


65 years and over: 0.77 male(s)/female


total population: 0.96 male(s)/female (2004 est.)
Suffrage 18 years of age; universal 18 years of age; universal
Telephone system general assessment: automatic telephone system


domestic: NA


international: linked to Swiss networks by cable and microwave radio relay
general assessment: good


domestic: modern, fully automatic telephone system


international: country code - 1-441; 3 submarine cables; satellite earth stations - 3 Intelsat (Atlantic Ocean)
Telephones - main lines in use 20,072 (2000) 56,000 (2002)
Telephones - mobile cellular NA 37,873 (2003)
Television broadcast stations NA (linked to Swiss networks) (1997) 4 (2003)
Terrain mostly mountainous (Alps) with Rhine Valley in western third low hills separated by fertile depressions
Total fertility rate 1.5 children born/woman (2003 est.) 1.9 children born/woman (2004 est.)
Unemployment rate 1.3% (37500) 5% (2002 est.)
Waterways none -
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