_#_Elections:

Diet—last held on 5 March 1989 (next to be held by March 1993); results—percent of vote by party NA; seats—(25 total) VU 13, FBP 12

_#_Communists: none

_#_Member of: CE, CSCE, EBRD, EFTA, IAEA, INTELSAT, INTERPOL, IOC, ITU, LORCS, UN, UNCTAD, UPU, WIPO

_#_Diplomatic representation: in routine diplomatic matters, Liechtenstein is represented in the US by the Swiss Embassy;

US—the US has no diplomatic or consular mission in Liechtenstein, but the US Consul General at Zurich (Switzerland) has consular accreditation at Vaduz

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

_*Economy #_Overview: The prosperous economy is based primarily on small-scale light industry and tourism. Industry accounts for 54% of total employment, the service sector 42% (mostly based on tourism), and agriculture and forestry 4%. The sale of postage stamps to collectors is estimated at $10 million annually. Low business taxes (the maximum tax rate is 20%) and easy incorporation rules have induced about 25,000 holding or so-called letter box companies to establish nominal offices in Liechtenstein. Such companies, incorporated solely for tax purposes, provide 30% of state revenues. The economy is tied closely to that of Switzerland in a customs union, and incomes and living standards parallel those of the more prosperous Swiss groups.

_#_GDP: $630 million, per capita $22,300; real growth rate NA% (1990 est.)

_#_Inflation rate (consumer prices): 3.0% (1989 est.)