Vaduz
TL;DR
Vaduz: capital and banking hub, CHF 764M assets, 20,000 daily commuters, IMF member since 2024, 3% surplus projected.
Vaduz is Liechtenstein's capital and financial nucleus, concentrating the principality's private banking and wealth management functions that bring 20,000 daily commuters (half the resident population) across the border from Switzerland and Austria. The commune's CHF 764 million in net assets reflects banking sector accumulation. Liechtenstein joined the IMF in October 2024, no fiscal deficits since 2013, with a 3% GDP surplus expected in 2025.