Monday, August 1, 2016

Trip to Vaduz, Liechitenstein (July 2016)

Liechtenstein is another microstate that is sandwiched between Switzerland and Austria. It is a principality ruled by a prince based on constitutional monarchy. The country has a population of less than 37,000 inhabitants living on a land of 160 sq. km.

Due to its small size, Liechtenstein maintains a few impressive statistics. Its per capita GDP the third highest in the world, adjusted for the purchasing power parity (P.P.P.), only after Qatar and Luxembourg, and the highest without the P.P.P. adjustment.  Also, its unemployment rate is the lowest in the world at 1.5%. Hmmm...

Vaduz is the capital and its strength lies in banking and finance.

Vaduz Castle is located on top of a hill overlooking  the city and is the official residence of the Prince of Liechtenstein.

We stopped over in this tiny state for lunch before we moved onward. - Jeffrey

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