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Liechtenstein Facts

Liechtenstein Facts | Principality of Liechtenstein Information | Liechtenstein Statistics | Liechtenstein

Liechtenstein Facts |  Principality of Liechtenstein Information | Liechtenstein Statistics Liechtenstein Facts |  Principality of Liechtenstein Information | Liechtenstein Statistics
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LIECHTENSTEIN Flag
 
 LIECHTENSTEIN POLITICAL
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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.
 
 
Common Name: Liechtenstein Local Official Name: Liechtenstein
Abbreviated Name: Principality of Liechtenstein Official Name: Fuerstentum Liechtenstein
Official Script Name: Liechtenstein Local Common Name: Liechtenstein
Former Name: Liechtenstein Territory of: NA
 
Head of State: Prince HANS ADAM II
 
Government Type: constitutional monarchy
 
Independence: 23 January 1719 (Principality of Liechtenstein established); 12 July 1806 (independence from the Holy Roman Empire)
 
Constitution: 1921 October 5
 
National Holiday: Assumption Day, 15 August
 
International Organization Participation: CE, EBRD, EFTA, IAEA, ICCt, ICRM, IFRCS, Interpol, IOC, IPU, ITU, OPCW, OSCE, PCA, UN, UNCTAD, UPU, WCL, WIPO, WTO
 
Administrative Divisions: 11 communes (Gemeinden, singular - Gemeinde); Balzers, Eschen, Gamprin, Mauren, Planken, Ruggell, Schaan, Schellenberg, Triesen, Triesenberg, Vaduz
 
Dependent Areas: NA
 
Legal System: local civil and penal codes; accepts compulsory ICJ jurisdiction, with reservations
 
Suffrage: 18 years
 
Executive, Legislative and Judicial Branches: 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 Ottmar 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 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 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 and 13 March 2005 (next to be held by NA 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 Judicial Branch: Supreme Court or Oberster Gerichtshof; Court of Appeal or Obergericht
 
Party Leaders: Patriotic Union (was Fatherland Union) or VU [Adolf HEEB]; Progressive Citizens' Party or FBP [Otmar HASLER]; The Free List or FL
 
International Disputes: in February 2005, the ICJ refused to rule on the restitution of Liechtenstein's land and property assets in the Czech Republic confiscated in 1945 as German property
 
Illicit Drugs: has strengthened money-laundering controls, but money laundering remains a concern due to Liechtenstein's sophisticated offshore financial services sector 
 
 
 LIECHTENSTEIN GEOGRAPHY
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Location of Liechtenstein: Central Europe, between Austria and Switzerland
 
Continent: Europe Land Area Total: 160 sq km 
Region: Central Europe Land Area Land: 160 sq km
Capitol City: Vaduz Land Area Water: 0 sq km
      
Latitude: 047 10 N Border Boundary Land: 76 km
Longitude: 009 32 E Border Boundary Coastline: 0 km 
  
Arable Land: 25.00 % Pastures: 0.00 %
Crops: 0.00 % Woodlands and Forests: 0.00
  
Highest Elevation: 2,599 m Location: Grauspitz
Lowest Elevation: 430 m Location: Ruggeller Riet
  
Largest City in Liechtenstein: Vaduz Vaduz Largest City Population: 7,000
  
Threatened Species: 8
 
Environmental Issues: NA
 
Environmental 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
 
Irrigated Land: 0
 
Bordering Countries: Austria 35 km, Switzerland 41 km
 
Natural Resources: hydroelectric potential, arable land
 
Geographical Terrain: mostly mountainous (Alps) with Rhine Valley in western third
 
Comparative Area of Liechtenstein: about 0.9 times the size of Washington, DC
 
Liechtenstein's Geography: along with Uzbekistan, one of only two doubly landlocked countries in the world; variety of microclimatic variations based on elevation
 

 LIECHTENSTEIN CLIMATE
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General Climate: continental; cold, cloudy winters with frequent snow or rain; cool to moderately warm, cloudy, humid summers
 
Natural Hazards: NA
 
 
 LIECHTENSTEIN ECONOMY
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Economic 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.
 
 
GDP: $1,786,000,000 USD Currency: Swiss franc
GDP per Capita: $25,000 USD Currency Code: CHF
GDP Growth Rate: 11.00 %
  
Currency Exchange Rate History: Swiss francs per US dollar - 1.2452 (2005), 1.2435 (2004), 1.3467 (2003), 1.5586 (2002), 1.6876 (2001)
  
  
GDP of Agriculture: 0.00 % GDP of Industry: 39.00 %
GDP of Services: 55.00 %  
   
Inflation Rate: 1.00 % Population in Poverty: 0.00 %
Unemployment Rate: 1.30 % Tourism: 60,000.00 visitors each year
   
Consumption by lowest 10%: 0.00 % Budget Revenue in USD: $424,200,000 USD
Consumption by upper 10%: 0.00 % Budget Expenditures in USD: $414,100,000 USD
   
Electricity Production: 0 kWh Electricity Exports: 0 kWh
Electricity Consumption: 0 kWh Electricity Imports: 0 kWh

Electricity Production by Source:
 
Fossil Fuel Electricity Production: 0.00% Nuclear Electricity Production: 0.00%
Hydro Electricity Production: 0.00% Other Electricity Production: 0.00%
   
Oil Production: 0 barrels per day Natural Gas Production: 0 cu m
Oil Consumption: 0 barrels per day Natural Gas Consumption: 0 cu m
Oil Exports: 0 barrels per day Natural Gas Exports: 0 cu m
Oil Imports: 0 barrels per day Natural Gas Imports: 0 cu m
Proven Oil Reserves: 0 barrels Proven Natural Gas Reserves: 0 cu m
   
External Debt: $0 USD Received in economic aid: $0 USD
  Donated in economic aid: $0 USD
   
Agricultural Products: wheat, barley, corn, potatoes; livestock, dairy products
 
Primary Industries: electronics, metal manufacturing, dental products, ceramics, pharmaceuticals, food products, precision instruments, tourism, optical instruments
 
Industrial Growth Rate: 0.00 %
  
  
Import Amount in USD: $917,300,000 USD - agricultural products, raw materials, machinery, metal goods, textiles, foodstuffs, motor vehicles
 
Import Partners: EU, Switzerland
 
Export Amount in USD: $2,470,000,000 USD - small specialty machinery, connectors for audio and video, parts for motor vehicles, dental products, hardware, prepared foodstuffs, electronic equipment, optical products
 
Export 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%
 
    
GINI Index: 0.00%
 
Labor Force Number of People: 29,500
 
Labor Force by Occupations: agriculture: 2%, industry: 47%, services: 51%
 
  
 LIECHTENSTEIN COMMUNICATIONS
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Radio Broadcast Stations: 4 Number of People with Radios: 21,000
Television Broadcast Stations: 0 Number of People with Televisions: 12,000
Number of People with Mainline Telephones: 19,900 Number of People with Mobile Phones: 11,400
 
Internet Service Providers: 7,491 Internet Users: 20,000
 
Internet Country Code: .li Newspapers: 602
Two Letter Country Code: LS Weights and Measures:
Phone Country Code: 423 Electricity Voltage: 230 Volts
  
Telephone Systems: general assessment: automatic telephone system domestic: NA international: country code - 423; linked to Swiss networks by cable and microwave radio relay
 
  
 LIECHTENSTEIN TRANSPORTATION
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Highways: 380 km Railways: 9 km
Gas And Oil Pipelines: 20 km Waterways: 28 km
Airports: 0 Heliports: 0
 
Motor Vehicles: 0 per 1,000 people CO2 Emissions: 208,000 Metric Tons of CO2 per year
  Per capita CO2 emissions: 0.13 Metric Tons of CO2 per year
  
Merchant Marines: NA
 
Ports and Harbors: NA
 
  
 LIECHTENSTEIN PEOPLE
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Population: 33,987 people type - nationality Birth Rate: 10.21 births per 1,000 people
Population Density: 200.00 people per sq km Death Rate: 7.18 deaths per 1,000 people
Population Growth: 0.78% per year Fertility Rate per Women: 1.51 babies born per woman
 
Population Male 0-14: 2,922 Population Female 0-14: 2,988
Population Male 15-64: 11,842 Population Female 15-64: 12,022
Population Male 65+: 1,773 Population Female 65+: 2,440
 
Population 0-14: 17.40% Literacy Rate: 100.00%
Population 15-64: 70.20% Literacy rate of Males: 100.00%
Population 65+: 12.40% Literacy rate of Females: 100.00%
 
Population that is Male: 47.50 % Population that is Female: 52.50%
Life expectancy at birth in years: 79.68 years Infant mortality rate - baby deaths per 1000 births: 4.64 Babies die per 1,000 births
Life expectancy at birth for Males: 76.10 years Life expectancy at birth for Females: 83.28 years
 
Rate of AIDS/HIV infection: 0.00% Number of people living with AIDS or HIV: 0
Number of people who died of AIDS: 0
   
Disease Risk:
 
Diseases:
 
Net Migration Rate per 1,000 people: 4.77
 
Nationality: LIECHTENSTEIN
 
Ethnic Groups: Alemannic 86%, Italian, Turkish, and other 14% 
 
  
Primary Language: German
 
Other Languages: German (official), Alemannic dialect
 
 
Primary Religion: Roman Catholic
 
Other Religions: Roman Catholic 76.2%, Protestant 7%, unknown 10.6%, other 6.2%
 
  
 LIECHTENSTEIN MILITARY
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Branches: defense is the responsibility of Switzerland
 
Manpower Fit to Serve: NA years
 
Manpower Available: 7,736 People
 
Manpower Fit to Serve: 6,250 People
 
Amount of Manpower Available each Year: 208 People per year
 
Expenditures: $0 USD per year
 
Expenditures as a Percentage of GDP: 0.00
 
 
Note: Phrasebase uses a variety of sources when compiling the facts and information presented above. This information is continually updated throughout the year.
 LIECHTENSTEIN RESOURCES
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