The name of the municipality is of recent origin and first appeared in print in 1834. Its coat of arms depicts an eagle wearing an imperial crown. The village has access to considerable reserves of running water and two hydropower plants provide around 1,500 million kWh of power per annum, as well as employment for 220 persons.
Innertkirchen is the terminus of the local Meiringen-Innertkirchen Bahn narrow-gauge railway, which links the village with Meiringen railway station in the nearby town of Meiringen. Connection can be made here with the Brünigbahn railway from Interlaken to Lucerne.