Engineering and Innovation
Before I came to Liechtenstein, I knew the country for its banks, fiduciaries, foundations and letter boxes. I had to revise that, the moment I arrived. Even though a lot of income and wealth is generated by the financial and its adjacent industries, the biggest contributor to its GDP is manufacturing with 42.6% (2018), while the financial services took third place with 22.2% (2018), behind general services 35.1% (2018).
With manufacturing also comes a lot of engineering and innovation expertise. Global actors like Hilti, Thyssen-Krupp Presta, Inficon, Hoval, Optic Balzers, Umicore or Oerlikon Balzers call Liechtenstein their home.
Many of those companies have created their own innovation labs and are spearheading new ideas globally in their respective fields.