Magazine "Liechtenstein as a business location - simply successful"

2—3 LOCATION AND OVERVIEW Hoi 160 km2 That’s how people in <strong>Liechtenstein</strong> say “hello”. For 300 years, <strong>Liechtenstein</strong>’s national borders, and thus its surface area, have remained virtually unchanged. 42 % of its total area (67 km2) is made up of forests. Principality of <strong>Liechtenstein</strong> German German is the official and national language of <strong>Liechtenstein</strong>. 38 201 Inhabitants The population of <strong>Liechtenstein</strong> h<strong>as</strong> more than quadrupled over the l<strong>as</strong>t 100 years. 33.9 % Immigrant population <strong>simply</strong> extraordinary CHF On 26 May 1924, <strong>Liechtenstein</strong> adopted the Swiss franc (CHF) <strong>as</strong> its legal currency. 12 961 of the Principality’s inhabitants do not have a <strong>Liechtenstein</strong> p<strong>as</strong>sport. They are citizens of over 108 different countries, the main ones being Switzerland, Austria, Germany and Italy. 11 Municipalities The municipalities of <strong>Liechtenstein</strong> are divided into two constituencies, Oberland (Vaduz, Triesen, Balzers, Triesenberg, Schaan, Planken) and Unterland (Eschen-Nendeln, Mauren- A tiny country bo<strong>as</strong>ting a stable and highly diversified economy, nestled between Switzerland and Austria, with around 4700 active companies – thatʼs <strong>Liechtenstein</strong>. Constitutional hereditary monarchy on a democratic and parliamentary b<strong>as</strong>is Schaanwald, Gamprin-Bendern, Ruggell, Schellenberg). 38 660 Jobs <strong>Liechtenstein</strong> h<strong>as</strong> more jobs than inhabitants. Over 20 000 people commute The Principality’s unique to the Principality every day for work. Munich form of government is b<strong>as</strong>ed on its constitution from 1921. 18 % Germany This is the annual share of public expenditure France Vaduz With approximately 5500 invested in education. Public education expenditure accounts for 3.72 % of the gross national income. B<strong>as</strong>el Zurich St. Gallen inhabitants, the capital of <strong>Liechtenstein</strong> is not the largest municipality. In fact, 1:8 Austria Innsbruck Schaan is bigger with about 6000 inhabitants. In <strong>Liechtenstein</strong>, the ratio of companies to inhabitants is about 1:8. In Switzerland Bern Switzerland Chur 25 Members of Parliament 6 124 000 000.– it’s about 1:14, and in Germany about 1:24. <strong>Liechtenstein</strong>’s parliament is also called the “Landtag”. In absolute terms, <strong>Liechtenstein</strong> h<strong>as</strong> the lowest gross domestic product of all EU and EFTA countries. However, the gross domestic product per person employed (converted to full-time- Geneva Italy 5 Members of Government The highest executive equivalent employment <strong>as</strong> an annual average) reached a record high of CHF 194 000 in 2016. 24.2 % Public spending ratio body in the land consists <strong>Liechtenstein</strong> h<strong>as</strong> the lowest public spending ratio (government of the Prime Minister expenditure in relation to GDP) of all European countries. In and four Ministers. Switzerland, the rate is just over 30 %, and it is over 50 % in Austria. Milan