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Compare Liechtenstein (2004) - Liechtenstein (2002)
Compare Liechtenstein (2004) z Liechtenstein (2002)
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| Liechtenstein (2004) | Liechtenstein (2002) | |
 |  | |
| Age structure | 0-14 years: 17.8% (male 2,950; female 3,014)
15-64 years: 70.5% (male 11,745; female 11,837) 65 years and over: 11.6% (male 1,598; female 2,292) (2004 est.) |
0-14 years: 18.3% (male 3,003; female 3,001)
15-64 years: 70.5% (male 11,530; female 11,639) 65 years and over: 11.2% (male 1,494; female 2,175) (2002 est.) |
| Airports | none (2003 est.) | none (2001) |
| 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 have resulted in concerns about the use of the financial institutions for money laundering. Liechtenstein has, however, implemented new anti-money-laundering legislation and recently concluded a Mutual Legal Assistance Treaty with the US. | 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 conclude 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. |
| Birth rate | 10.65 births/1,000 population (2004 est.) | 11.24 births/1,000 population (2002 est.) |
| Budget | revenues: $424.2 million
expenditures: $414.1 million, including capital expenditures of NA (1998 est.) |
revenues: $424.2 million
expenditures: $414.1 million, including capital expenditures of $NA (1998 est.) |
| Death rate | 6.94 deaths/1,000 population (2004 est.) | 6.76 deaths/1,000 population (2002 est.) |
| Debt - external | $0 (2001) | $0 (1996) (2001) |
| 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. | 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 the urban areas of 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 a large number of 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 European Free Trade Association (EFTA) and EU) since May 1995. The government is working to harmonize its economic policies with those of an integrated Europe. |
| Electricity - consumption | - | 313.45 million kWh NA kWh (2001) |
| Electricity - exports | - | NA kWh (2001) |
| Electricity - imports | - | 232.847 million kWh NA kWh (2001) |
| Electricity - production by source | - | fossil fuel: NA%
hydro: NA% 98% nuclear: NA% other: NA% 2% (2001) |
| Environment - international agreements | party to: Air Pollution, Air Pollution-Nitrogen Oxides, Air Pollution-Sulfur 85, Air Pollution-Sulfur 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 |
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 |
| Exchange rates | Swiss francs per US dollar - 1.3467 (2003), 1.5586 (2002), 1.6876 (2001), 1.6888 (2000), 1.5022 (1999) | Swiss francs per US dollar - 1.6668 (January 2002), 1.6876 (2001), 1.6888 (2000), 1.5022 (1999), 1.4498 (1998), 1.4513 (1997) |
| 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) 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: 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 |
| GDP | purchasing power parity - $825 million (1999 est.) | purchasing power parity - $730 million (1998 est.) |
| GDP - composition by sector | agriculture: NA
industry: 40% services: NA (1999) |
agriculture: NA%
industry: NA% 40% services: NA% (1999) |
| GDP - per capita | purchasing power parity - $25,000 (1999 est.) | purchasing power parity - $23,000 (1998 est.) |
| GDP - real growth rate | 11% (1999 est.) | NA% |
| Household income or consumption by percentage share | lowest 10%: NA
highest 10%: NA |
lowest 10%: NA%
highest 10%: NA% |
| Illicit drugs | has strengthened money-laundering controls, but money laundering remains a concern due to Liechtenstein sophisticated offshore financial services sector | 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 - partners | EU, Switzerland | EU countries, Switzerland |
| Independence | 23 January 1719 (Principality of Liechtenstein established); 12 July 1806 (independence from the Holy Roman Empire) | 23 January 1719 Imperial Principality of Liechtenstein established; 12 July 1806 established independence from the Holy Roman Empire |
| Industrial production growth rate | NA | NA% |
| Infant mortality rate | total: 4.77 deaths/1,000 live births
male: 6.47 deaths/1,000 live births female: 3.07 deaths/1,000 live births (2004 est.) |
4.92 deaths/1,000 live births (2002 est.) |
| International organization participation | CE, EBRD, EFTA, IAEA, ICCt, ICRM, IFRCS, Interpol, IOC, ITU, OPCW, OSCE, PCA, UN, UNCTAD, UPU, WCL, WIPO, WTO | CE, EBRD, ECE, EFTA, IAEA, ICRM, IFRCS, Interpol, IOC, ITU, OPCW, OSCE, PCA, UN, UNCTAD, UPU, WIPO, WTrO |
| Internet Service Providers (ISPs) | - | 44 (Liechtenstein and Switzerland) (2000) |
| Labor force | 29,000 of whom 19,000 are foreigners; 13,000 commute from Austria, Switzerland, and Germany to work each day (31 December 2001) | 28,783 of which 13,847 are foreigners; 8,231 commute from Austria and Switzerland to work each day |
| Labor force - by occupation | agriculture 1.3%, industry 47.4%, services 51.3% (31 December 2001 est.) | industry, trade, and building 48%, services 51%, agriculture, fishing, forestry, and horticulture 1% (37256 est.) |
| Land use | arable land: 25%
permanent crops: 0% other: 75% (2001) |
arable land: 25%
permanent crops: 0% other: 75% (1998 est.) |
| Life expectancy at birth | total population: 79.4 years
male: 75.8 years female: 83.02 years (2004 est.) |
total population: 79.1 years
male: 75.47 years female: 82.74 years (2002 est.) |
| Literacy | definition: age 10 and over can read and write
total population: 100% male: 100% female: 100% |
definition: age 10 and over can read and write
total population: 100% male: 100% female: 100% (1981 est.) |
| Net migration rate | 4.85 migrant(s)/1,000 population (2004 est.) | 4.93 migrant(s)/1,000 population (2002 est.) |
| Pipelines | gas 20 km (2004) | - |
| Political parties and leaders | Patriotic Union (was Fatherland Union) or VU [Heinz FROMMELT]; Progressive Citizens' Party or FBP [Johannes MATT]; The Free List or FL [Dr. Pepo FRICK, Elisabeth TELLENBACH-FRICK, Adolf RITTER] | Fatherland Union or VU [Dr. Heinz FROMMELT]; Progressive Citizens' Party or FBP [Johannes MATT]; The Free List or FL [Dr. Pepo FRICK, Karin JENNY, Rene HASLER] |
| Population | 33,436 (July 2004 est.) | 32,842 (July 2002 est.) |
| Population below poverty line | NA | NA% |
| Population growth rate | 0.86% (2004 est.) | 0.94% (2002 est.) |
| Radios | - | 21,000 (1997) |
| 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 (2001) |
| Sex ratio | at birth: 1 male(s)/female
under 15 years: 0.98 male(s)/female 15-64 years: 0.99 male(s)/female 65 years and over: 0.7 male(s)/female total population: 0.95 male(s)/female (2004 est.) |
at birth: 1.01 male(s)/female
under 15 years: 1 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 (2002 est.) |
| Telephone system | general assessment: automatic telephone system
domestic: NA international: country code - 423; linked to Swiss networks by cable and microwave radio relay |
general assessment: automatic telephone system
domestic: NA international: linked to Swiss networks by cable and microwave radio relay |
| Telephones - main lines in use | 19,900 (2002) | 20,072 (2000) |
| Telephones - mobile cellular | 11,400 (2002) | NA |
| Total fertility rate | 1.51 children born/woman (2004 est.) | 1.5 children born/woman (2002 est.) |
| Unemployment rate | 1.3% (September 2002) | 1.3% (1999) |
| Waterways | 28 km (2004) | none |
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