Part 491

Languages: German (official), Alemannic dialect

Literacy: definition: age 10 and over can read and write total population: 100% male : 100% female: 100% (1981 est.)

@Liechtenstein:Government

Country name: conventional long form : Principality of Liechtenstein conventional short form: Liechtenstein local long form: Furstentum Liechtenstein local short form: Liechtenstein

Data code: LS

Government type: hereditary constitutional monarchy

National capital: Vaduz

Administrative divisions: 11 communes (Gemeinden, singular - Gemeinde); Balzers, Eschen, Gamprin, Mauren, Planken, Ruggell, Schaan, Schellenberg, Triesen, Triesenberg, Vaduz

Independence: 23 January 1719 (Imperial Principality of Liechtenstein established)

National holiday: Assumption Day, 15 August

Constitution: 5 October 1921

Legal system: local civil and penal codes; accepts compulsory ICJ jurisdiction, with reservations

Suffrage: 20 years of age; universal

Executive branch: chief of state: Prince Hans ADAM II (since 13 November 1989, assumed executive powers 26 August 1984); Heir Apparent Prince ALOIS von und zu Liechtenstein (born 11 June 1968) head of government: Head of Government Mario FRICK (since 15 December 1993) and Deputy Head of Government Michael RITTER (since 14 April 1997) cabinet: Cabinet elected by the Diet; confirmed by the prince elections : none; the prince is a hereditary monarch; following legislative elections, the leader of the majority party in the Diet is usually appointed the head of government by the prince and the leader of the largest minority party in the Diet is usually appointed the deputy head of government by the prince

Legislative branch: unicameral Diet or Landtag (25 seats; members are elected by direct popular vote under proportional representation to serve four-year terms) elections: last held on 2 February 1997 (next to be held by NA 2001) election results: percent of vote by party - VU 50.1%, FBP 41.3%, FL 8.5%; seats by party - VU 13, FBP 10, FL 2

Judicial branch: Supreme Court or Oberster Gerichtshof; Superior Court or Obergericht

Political parties and leaders: Fatherland Union or VU [Dr. Oswald KRANZ]; Progressive Citizens' Party or FBP [Otmar HASLER]; The Free List or FL

International organization participation: CE, EBRD, ECE, EFTA, IAEA, ICRM, IFRCS, Intelsat, Interpol, IOC, ITU, OSCE, PCA, UN, UNCTAD, UPU, WCL, WIPO, WTrO

Diplomatic representation in the US: Liechtenstein does not have an embassy in the US, but is represented by the Swiss embassy in routine diplomatic matters

Diplomatic representation from the US: the US does not have an embassy in Liechtenstein, but the US Ambassador at Bern (Switzerland) has been nominated to be the non-resident US Ambassador to Liechtenstein

Flag description: two equal horizontal bands of blue (top) and red with a gold crown on the hoist side of the blue band

Economy

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 the urban areas of its large European neighbors. Low business taxes - the maximum tax rate is 18% - 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. It imports more than 90% of its energy requirements. Liechtenstein is a member of the European Economic Area (an organization serving as a bridge between EFTA and EU) since May 1995. The government is working to harmonize its economic policies with those of an integrated Europe.

GDP: purchasing power parity - $713 million (1996 est.)

GDP - real growth rate: NA%

GDP - per capita: purchasing power parity - $23,000 (1996 est.)

GDP - composition by sector: agriculture: NA% industry: NA% services: NA%

Inflation rate - consumer price index: 0.8% (1996 est.)