duction cover farming with cereals, silo maize, oats, barley,
corn, sugar beet, rape and vegetables. The amount of vineyards
covering approximately 16 hectares has remained stable in
the past few years. Agriculture on mountain slopes is nowa-
days not only of importance as regards the yields, but also as
regards the care for, and conservation of the landscape.
Multifarious handicraft business
The secondary economic sector reveals a broad spectrum of
small and medium-sized businesses. There are, for instance,
1 large number of handicraft businesses, which are primarily
oriented towards the domestic economy. Building contractors
and subcontractors are particularly well represented. The
relatively large number of small-scale and infant businesses
reveals the high degree of interest in self-employment thanks
to favourable conditions.
Industry and state-of-the-art technology
As regards employment, industry is the most important
secondary sector. There are 30 companies classed as indus-
crial enterprises which mainly produce for foreign markets
and employ approximately 7,000 workers. Only one of these
companies employs more than 1,000 staff, and most of the
other companies have fewer than 100 employees. Two thirds
of those employed in this sector work in companies with
fewer than 100 employees, and only one third in companies
with more than roo staff.
The industrial manufacturing programmes boast great
variety. Growth-favoured companies are primarily repre-
sented. Many capital, research and development-intensive
speciality products are manufactured in Liechtenstein. The
country is, however, no suitable location for mass produc-
tion because of the limited labour market, the size of com-
panies and the level of pay.
Approximately two thirds of those employed in industry
work in the metal processing trade with products such as:
- Components and plants for high and ultra-vacuum techno-
logy
Boilers for central heating and water heating including
slectric controls and heating installations.
Equipment and material for fixing purposes in the build-
ing and plumbing trade, hammer drills.
Extruded parts, propeller shafts.
Production plants for the semiconductor trade.
Electronic testing and sorting equipment.
- Precision-tools.
Commercial vehicles for industrial, agricultural and muni-
ciple use.
{n addition, the following should be mentioned: The ceramic
industry with artificial porcelain teeth, household, utility and
decorative ceramics; the chemical and pharmaceutical indus:
try with artificial synthetic teeth, materials and accessories
‘or dental prothetics, material for dental fillings, paints,
pharmaceutical products. The food industry with canned and
deep-frozen products, and further areas such as the manufac-
ture of eiderdown quilts, philatelic commodities, upholstered
furniture and the manufacture of thin barriers (interference
filter coating, optical and electrical coatings).
Varied range of services
The service sector, which employs approximately 9,700 people,
is marked by the same diversity as every other industrialized
:conomy. Many people work in trade, in catering and in
sublic administration. Some 2,200 people are employed in
commercial and technical services, and some 500 each work
in education, health, traffic, transport and postal services.
The small remainder work in fields such as insurance, culture,
and entertainment.
The banks registered in Liechtenstein, employing 6 percent
of the total workforce, i.e. 1,400 people with a consolidated
balance of more than 27,000 million Swiss Francs, contribute
enormously to the country’s economic success. Tourism
does not play as big a role as is often assumed: The capital
Vaduz is subject to heavy seasonal transit tourism, especially
in the summer months, whilst holiday tourism is concentrated
in the highland and alpine regions. Approximately 6 percent
of the workforce are involved in the tourism industry.
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Fürst Johann Adam Andreas, genannt der Reiche, übernahm
1684 die Regierung des Hauses Liechtenstein. Er war der
erste fürstliche Bankier des Hauses und wurde 1704 zum
Präsidenten der Girobank in Wien ernannt (Goldmedaille
verkleinert).
Le Prince Johann Adam Andreas, nomme le Riche, se char-
gea en 1684 du gouvernement de la maison Liechtenstein. Il
fut le premier prince banquier de la maison et sa nomination
de président de la Girobank à Vienne eut lieu en 1704
(Médaille d’or).
Prince Johann Adam Andreas, called the Rich One, took
over government of the House in 1684. He was the first
prince of the family to become a banker and in 1704 was
nominated President of the Girobank in Vienna (Gold
medal).
