Liechtenstein

Abstract

Wikipedia Country Information

Liechtenstein ( ( listen); LIK-tən-styne; German: [ˈlɪçtn̩ʃtaɪn]), officially the Principality of Liechtenstein (German: Fürstentum Liechtenstein), is a doubly landlocked German-speaking microstate in Central Europe. The principality is a constitutional monarchy headed by the Prince of Liechtenstein.
Liechtenstein is bordered by Switzerland to the west and south and Austria to the east and north. It has an area of just over 160 square kilometres (62 square miles), the fourth-smallest in Europe, and an estimated population of 37,000. Divided into 11 municipalities, its capital is Vaduz and its largest municipality is Schaan.
Economically, Liechtenstein has one of the highest gross domestic products per person in the world when adjusted for purchasing power parity, and the highest when not adjusted by purchasing power parity. The unemployment rate is one of the lowest in the world at 1.5%. Liechtenstein has been known in the past as a billionaire tax haven; however, it is no longer on any blacklists of uncooperative tax haven countries (see taxation section).
An alpine country, Liechtenstein is mainly mountainous, making it a winter sport destination. Many cultivated fields and small farms are found both in the south (Oberland, upper land) and north (Unterland, lower land). The country has a strong financial sector centered in Vaduz. Liechtenstein is a member of the United Nations, European Free Trade Association, and the Council of Europe, and while not being a member of the European Union, the country participates in both the Schengen Area and European Economic Area. It also has a customs union and a monetary union with Switzerland.


Summary
Instruments ratified: 77 / 282
World Average Ratifications: 114 / 282
Ratification rate: 29.66%
World Average Rate: 41.25%
Weighted score: 33.65%
World Average Weighted Score: 41.25%
World rank: 153 / 194
Developed country rank: 25 / 30
Developed country Avg. Ratifications: 159 / 282
Western Europe rank: 9 / 10
Western Europe Avg. Ratifications: 169 / 282
Comparative Statistical Analysis
CONTRACTSInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Agency0/20.00%2.00%8Weak
Conflict of laws1/7 (14.29%)14.29%3.00%9Strong
E-commerce0/30.00%18.00%70Weak
Franchising0/10.00%0.00%1Average
Leasing/Factoring0/20.00%5.00%13Weak
Principles, trade usages and standards0/20.00%0.00%1Average
Procurement0/40.00%3.00%31Weak
Sale of Goods0/50.00%25.00%89Weak
Travel contracts0/10.00%3.00%7Weak
Total11.45%9.00%138Weak
 
CUSTOMSInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Customs Codification0/30.00%78.00%153Weak
Customs Cooperation0/60.00%26.00%117Weak
Exemption from Duties1/9 (11.11%)11.11%30.00%109Weak
Temporary Admission0/110.00%28.00%126Weak
Transit0/40.00%28.00%98Weak
Total13.26%31.00%168Weak
 
DISPUTE RESOLUTIONInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Arbitration1/6 (16.67%)25.00%32.00%86Weak
Judicial cooperation2/5 (40.00%)52.63%36.00%58Strong
Recognition of foreign judgments0/20.00%2.00%6Weak
State court jurisdiction0/40.00%14.00%29Weak
State court procedure0/10.00%6.00%12Weak
State immunities 1/1 (100.00%)100.00%11.00%1Strong
Total436.00%29.00%60Strong
 
ENVIRONMENT AND PRODUCTSInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Air4/5 (80.00%)80.00%86.00%59Weak
Chemicals1/1 (100.00%)100.00%78.00%1Strong
Energy2/2 (100.00%)100.00%25.00%1Strong
Flora and fauna3/10 (30.00%)32.61%68.00%185Weak
Foodstuff0/20.00%79.00%190Weak
General1/1 (100.00%)100.00%95.00%1Weak
International watercourses0/10.00%18.00%36Weak
Maritime and Law of the Sea0/260.00%46.00%182Weak
Protected geographical areas 0/10.00%27.00%54Weak
Waste1/1 (100.00%)100.00%93.00%1Weak
Total1227.08%61.00%187Weak
 
FINANCE, PAYMENTS AND INSOLVENCYInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Assignment of receivables0/10.00%1.00%2Weak
Bankruptcy and insolvency0/10.00%21.00%41Weak
Bills of exchange and promissory notes0/40.00%8.00%43Weak
Cheques0/30.00%13.00%36Weak
Credit transfers0/10.00%0.00%1Average
International guarantees0/30.00%20.00%75Weak
Total00.00%12.00%117Weak
 
GOOD GOVERNANCE Inst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Corruption1/4 (25.00%)41.67%50.00%92Weak
Cultural Property0/40.00%54.00%189Weak
Drugs3/3 (100.00%)100.00%95.00%1Weak
Insider Trading0/10.00%4.00%9Weak
Organized crime2/2 (100.00%)100.00%80.00%1Strong
Total653.85%68.00%166Weak
 
HUMAN RIGHTS AND LABOUR STANDARDSInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Human Rights7/7 (100.00%)100.00%96.00%1Weak
Labour Standards7/8 (87.50%)87.50%86.00%134Weak
Total1493.33%91.00%126Weak
 
INSTITUTIONAL PARTICIPATIONInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Dispute Resolution0/10.00%39.00%77Weak
International Trade Law 2/10 (20.00%)20.00%73.00%192Weak
Trade support institutions0/60.00%51.00%172Weak
Total211.76%63.00%192Weak
 
INTELLECTUAL PROPERTYInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Broadcasting1/1 (100.00%)100.00%47.00%1Strong
Copyright3/3 (100.00%)100.00%65.00%1Strong
Industrial designs1/2 (50.00%)62.50%31.00%37Strong
Integrated circuits0/10.00%2.00%4Weak
Neighboring Rights3/3 (100.00%)100.00%46.00%1Strong
Origin1/3 (33.33%)33.33%14.00%24Strong
Patents4/5 (80.00%)85.71%57.00%30Strong
Trademarks5/6 (83.33%)95.45%33.00%10Strong
Varieties of plants0/10.00%37.00%73Weak
Total1880.00%42.00%30Strong
 
INVESTMENTSInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Investment disputes0/20.00%39.00%152Weak
Investment guaranty0/10.00%93.00%181Weak
Total00.00%57.00%185Weak
 
PRODUCTSInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Marine Resources0/10.00%24.00%48Weak
Timber0/10.00%31.00%61Weak
General0/10.00%92.00%179Weak
Total00.00%53.00%180Weak
 
TRANSPORT AND TELECOMMUNICATIONSInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Air transport3/7 (42.86%)52.38%59.00%110Weak
Aircrafts and civil aviation 3/9 (33.33%)36.00%74.00%186Weak
Maritime shipping and load lines 0/130.00%66.00%167Weak
Maritime transport4/12 (33.33%)16.67%27.00%135Weak
Multi modal transport 0/20.00%4.00%15Weak
Rail transport3/3 (100.00%)100.00%22.00%1Strong
Road transport0/40.00%31.00%86Weak
Space2/4 (50.00%)33.33%40.00%99Weak
Telecommunications0/20.00%47.00%114Weak
Total1525.00%50.00%170Weak
 
TREATIES LAWInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
General2/4 (50.00%)66.67%30.00%11Strong
Total266.67%30.00%11Strong
 
WTOInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Plurilateral Agreements1/2 (50.00%)50.00%18.00%26Strong
WTO Agreements1/1 (100.00%)100.00%81.00%1Strong
Total272.73%47.00%26Strong
 
Strengths and Weakness
Strong
ContractsConflict of laws
Dispute resolutionJudicial cooperation
Dispute resolutionState immunities
Environment and productsChemicals
Environment and productsEnergy
Good Governance Organized crime
Intellectual propertyBroadcasting
Intellectual propertyCopyright
Intellectual propertyIndustrial designs
Intellectual propertyNeighboring Rights
Intellectual propertyOrigin
Intellectual propertyPatents
Intellectual propertyTrademarks
Transport and telecommunicationsRail transport
Treaties lawGeneral
WTOPlurilateral Agreements
WTOWTO Agreements
 
Average
ContractsFranchising
ContractsPrinciples, trade usages and standards
Finance, payments and insolvencyCredit transfers
 
Weak
ContractsAgency
ContractsE-commerce
ContractsLeasing/Factoring
ContractsProcurement
ContractsSale of Goods
ContractsTravel contracts
CustomsCustoms Codification
CustomsCustoms Cooperation
CustomsExemption from Duties
CustomsTemporary Admission
CustomsTransit
Dispute resolutionArbitration
Dispute resolutionRecognition of foreign judgments
Dispute resolutionState court jurisdiction
Dispute resolutionState court procedure
Environment and productsAir
Environment and productsFlora and fauna
Environment and productsFoodstuff
Environment and productsGeneral
Environment and productsInternational watercourses
Environment and productsMaritime and Law of the Sea
Environment and productsProtected geographical areas
Environment and productsWaste
Finance, payments and insolvencyAssignment of receivables
Finance, payments and insolvencyBankruptcy and insolvency
Finance, payments and insolvencyBills of exchange and promissory notes
Finance, payments and insolvencyCheques
Finance, payments and insolvencyInternational guarantees
Good Governance Corruption
Good Governance Cultural Property
Good Governance Drugs
Good Governance Insider Trading
Human Rights and Labour StandardsHuman rights
Human Rights and Labour StandardsLabour Standards
Institutional ParticipationDispute Resolution
Institutional ParticipationInternational Trade Law
Institutional ParticipationTrade support institutions
Intellectual propertyIntegrated circuits
Intellectual propertyVarieties of plants
InvestmentsInvestment disputes
InvestmentsInvestment guaranty
ProductsGeneral
ProductsMarine Resources
ProductsTimber
Transport and telecommunicationsAir transport
Transport and telecommunicationsAircrafts and civil aviation
Transport and telecommunicationsMaritime shipping and load lines
Transport and telecommunicationsMaritime transport
Transport and telecommunicationsMulti modal transport
Transport and telecommunicationsRoad transport
Transport and telecommunicationsSpace
Transport and telecommunicationsTelecommunications
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