Innsbruck, Tyrol, Austria

🇦🇹 Innsbruck is the capital of Tyrol. It is situated on the River Inn, at its junction with the Wipp Valley, which provides access to the Brenner Pass to the south. In the broad valley between high mountains, the so-called North Chain in the Karwendel Alps (Hafelekarspitze, 2,334 metres or 7,657 feet) to the north and Patscherkofel (2,246 m or 7,369 ft) and Serles (2,718 m or 8,917 ft) to the south, Innsbruck is an internationally renowned winter sports centre; it hosted the 1964 and 1976 Winter Olympics as well as the 1984 and 1988 Winter Paralympics. It also hosted the first Winter Youth Olympics in 2012. The name means "bridge over the Inn".

Economy and infrastructure Innsbruck is a substantial tourist centre, with more than a million overnight stays. In Innsbruck, there are 86,186 employees and about 12,038 employers. 7,598 people are self-employed. Nearly 35,000 people commute every day into Innsbruck from the surrounding communities in the area. The unemployment rate for the year 2012 was 4.2%.

The national statistics office, Statistik Austria, does not produce economic data for the City of Innsbruck alone, but on aggregate level with the Innsbruck-Land District summarised as NUTS 3-region Innsbruck. In 2013, GDP per capita in the NUTS 3-region Innsbruck was €41,400 which is around 60% above the EU average.

The headquarters of Tiroler Wasserkraft (Tiwag, energy production), Bank für Tirol und Vorarlberg (financial services), Tiroler Versicherung (insurance) and MED-EL (medical devices) are located in Innsbruck. The headquarters of Swarovski (glass), Felder Group (mechanical engineering) and Swarco (traffic technology) are located within 20 km (12 mi) from the city.

Residential property is very expensive by national standards. The average price per square metre in Innsbruck is €4,430 (2015), which is the second highest per square metre price among Austrian cities surpassed only by Salzburg (€4,823), but followed by Vienna (€3,980).