This is a small country located in Europe but has the second highest GDP per capita in the world .
With an area of about 160,579,263 m2, it is the fourth smallest country in Europe, after Vatican City, Monaco and San Marino. The official language of Liechtenstein is German.
Liechtenstein on world map. (Image: Insider.com).
Schaan is Liechtenstein’s largest city with 6,000 inhabitants, but the capital Vaduz, only about 11 miles from Schaan, has even fewer inhabitants: about 5,400.
According to the World Tourism Organization, Liechtenstein welcomed only 85,000 visitors in 2018. Without basic transport facilities such as an international airport, seaport or train station, Liechtenstein makes visitors hesitant about traveling. move around when visiting this country.
Main train station at Schaan, Liechtenstein at night. (Image: Insider.com).
In her blog sharing her trip to the country, travel blogger Nota Bene says there’s not much to do or experience in the capital city: “We walked the entire city center in just… 20 minutes! We had coffee and cakes in a coffee shop. The inconvenience is that the cafe only accepts cash.”
Liechtenstein’s GDP is surpassed only by Monaco, the lavishly wealthy city on the French Riviera and an estimated one-third of the population is millionaires.
Ranking GDP per capita. (Image: World population review).
Liechtenstein has a thriving financial services industry, with other major industries including electronics, metal manufacturing, dental products, optical instruments and pharmaceuticals. Low tax rates, incorporation rules, lax corporate governance and a tradition of strict banking secrecy have significantly contributed to the ability of financial intermediaries in Liechtenstein to attract outside capital. country.
According to Liechtenstein’s Constitutional Law and Public Policy Foundation, the country has a debt-to-GDP ratio of 0.5%.
The richest man in Liechtenstein. (Image: Internet).
Christoph Zeller – who spent 13 years as CEO of dental products company Ivoclar Vivadent AG, has a fortune of .1 billion – accounts for half of the European nation’s .2 billion GDP this little one.
That is why it is sometimes accidentally invaded by the Swiss army when they are conducting training exercises in the forest near the border with Liechtenstein.
According to Liechtenstein’s Constitutional Law and Public Policy Foundation, in 2016, 54% of Liechtenstein’s workforce came from countries such as Switzerland, Austria and Germany.
Beautiful scenery of small country. (Image: Internet).
The nation’s unemployment rate is 2.1%, according to the Liechtenstein Statistics Office.
The closest airport to the country is in Zurich – about an hour and a half drive from the capital of Liechtenstein. This is probably a huge minus point that makes it difficult for this country to develop tourism.
Liechtenstein as seen from above. (Image: Internet).
Residents are also not encouraged to make any noise during the 90-minute lunch break between 12:00 and 13:30, and also don’t intentionally make noise after 10 p.m. if you don’t want to see the police.