Schaan
TL;DR
Schaan: Liechtenstein's industrial hub, most populous commune, CHF 468M net assets, manufacturing counterweight to Vaduz's finance.
Schaan is Liechtenstein's principal industrial center and most populous commune—a remarkable concentration for a microstate of 40,000 residents. The commune's CHF 468 million in net assets reflects successful industrialization that has made Liechtenstein one of the world's highest per-capita GDP territories. Manufacturing exports and specialized industrial production distinguish Schaan from Vaduz's financial services focus.