When there is talk of progress of a country, the image of a big army, vast area, international airport and powerful currency comes to mind. But Liechtenstein, a small country in Europe, proves all these traditional standards wrong. It neither prints its own currency, nor does it have any international airport, yet it ranks among the richest countries in the world. Let us know how.
Connected to the whole world even without an airport
Liechtenstein is a small but highly developed country located in the center of Europe, between Switzerland and Austria. There is no international airport here, yet the country is completely connected to the world. People can travel easily from airports in Switzerland or Austria. The network of roads and railways is so strong that there is no problem in transportation.
No currency, still economically strong
This country has set an example of economic prudence. Instead of printing its own currency, Liechtenstein has adopted the Swiss Franc, the currency of Switzerland. This has freed the country from complex responsibilities like running the central bank, printing notes or controlling inflation. This decision further increased its economic stability and currency strength.
manufacturing hub
Even though Liechtenstein is small in size, its manufacturing sector is famous in the world. High quality industrial equipment, dental machinery, automobile parts and even parts used in space technology are manufactured here. The name of the famous company Hilti here is known all over the world. Interestingly, there are more companies registered in Liechtenstein than citizens. This is the reason why unemployment here is almost negligible and the income of every citizen is very high.
crime almost zero
Liechtenstein is not only rich but also a very safe country. The crime rate here is so low that people keep the doors of their houses without locking them. Due to small population group, strict law and order and high standard of living, crime has almost ended here.