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Liechtenstein

Population: 37 313

GDP: 5 113 000 000.00 $

Companies & Organizations: 1

Description

 

The Principality of Liechtenstein was established within the Holy Roman Empire in 1719. Occupied by both French and Russian troops during the Napoleonic Wars, it became a sovereign state in 1806 and joined the Germanic Confederation in 1815.

 

Liechtenstein became fully independent in 1866 when the Confederation dissolved. 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.

 

In 2000, shortcomings in banking regulatory oversight resulted in concerns about the use of financial institutions for money laundering. However, Liechtenstein implemented anti-money laundering legislation and a Mutual Legal Assistance Treaty with the US that went into effect in 2003.

Population

 

Population: 37,313 (2014)

 

Nationality: noun: Liechtensteiner(s) adjective: Liechtenstein

 

Ethnic groups: Liechtensteiner 65.6%, other 34.4%

 

Languages: German 94.5% (official) (Alemannic is the main dialect), Italian 1.1%, other 4.3%

 

Religions: Roman Catholic (official) 75.9%, Protestant Reformed 6.5%, Muslim 5.4%, Lutheran 1.3%, other 2.9%, none 5.4%, unspecified 2.6% 

GDP

 

GDP: $ 5 113 000 000.00 (2010)

Military Organization

 

Liechtenstein has no military forces, but the modern National Police maintains close relations with neighboring forces.

Conflicts and Disputes

 

Liechtenstein has strengthened money laundering controls, but money laundering remains a concern due to Liechtenstein's sophisticated offshore financial services sector.

Geographical Information and Map

 

Capital: Vaduz

 

Location: Central Europe, between Austria and Switzerland. Along with Uzbekistan, one of only two doubly landlocked countries in the world; variety of microclimatic variations based on elevation.

 

Geographic coordinates:

47 16 N, 9 32 E

 

Area:

total: 160 sq km

land: 160 sq km

water: 0 sq km

 

Land boundaries:

total: 76 km

border countries: Austria 34.9 km, Switzerland 41.1 km

 

Coastline: 0 km (doubly landlocked).

 

Natural resources: hydroelectric potential, arable land.