No airport, no local currency, population of 40,000; This country is among world’s richest with highest per capita incomes; it is…

The country has virtually no debt, and the government runs a revenue surplus.

Published: October 23, 2025 9:57 PM IST

New Delhi: A country’s success is often measured by its military strength, territorial expansion, or economic independence. However, the small European nation of Liechtenstein completely overturns this notion. This country is not only prosperous despite its limited resources but is also considered one of the world’s most stable and wealthy. This is an amazing reality. A country that neither prints its own currency nor has an international airport, yet its per capita income is among the highest in the world. The secret of Liechtenstein’s success is not that it created everything, but that it made the best use of what it had.

The strategy

Most countries carefully protect their symbols of sovereignty: their currency, language, and national airline, but Liechtenstein has taken the opposite path. It looked to its neighbour, Switzerland, and made a very practical decision: “If something can be run better by borrowing it, why not?” Instead of creating its own currency, the country adopted the Swiss Franc, providing a strong and stable economic structure. This move saved Liechtenstein the need for a costly central bank and the burden of currency management. Similarly, instead of building an airport, it utilized the transportation networks of Switzerland and Austria, saving billions of dollars.

What is Liechtenstein’s real strength?

When people think of Liechtenstein as a wealthy European country, images of secret bank accounts often come to mind, but Liechtenstein’s true strength lies in industry and innovation. The country is a world leader in precision engineering, producing everything from micro-drills used in dentistry to aerospace technology and automobile parts. Hilti, a global leader in construction equipment, is a prime symbol of Liechtenstein’s industrial strength. There are so many registered companies here that there are more registered firms than the population. As a result, unemployment is virtually zero, and citizens’ incomes are constantly rising.

Debt-free country and crime-free society

Liechtenstein is not only economically prosperous but also socially stable. The country has virtually no debt, and the government runs a revenue surplus. Most interestingly, there are barely a handful of prisoners in the entire country. Such is the public trust that citizens don’t lock their doors at night. This isn’t just a symbol of wealth, but a supreme level of security and peace. While the rest of the world struggles with crime and insecurity, Liechtenstein has demonstrated that true prosperity lies in a life free from fear.

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