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LIECHTENSTEIN
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Country Fact Sheet

Location

Central Europe, between Austria and Switzerland

Capital

Vaduz

Surface

160 sq kms

Population

33,717 people (July 2005 est.)

Currency

Swiss franc (CHF)

GDP

Purchasing power parity - $825 million (1999 est.)

GDP/capita

Purchasing power parity - $25,000 (1999 est.)

Language

German

Religion

Roman Catholic 76.2%, Protestant 7%, unknown 10.6%, other 6.2%

Government

Hereditary constitutional monarchy on a democratic and parliamentary basis

Time Zone

GMT +1 hour

Telecom Code

+423

Airport

Nearest international airport is Zurich International Airport (ZRH/LSZH) in neighboring Switzerland

Driving

On right hand side of the road, license required

Electrical

230V, 50Hz

Political climate

Stable country

 
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History

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

 
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