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The Principality of Liechtenstein is a tiny, doubly-landlocked country tucked away between Switzerland and Austria and with mountain slopes rising above the Rhine valley.

It owes much of its wealth to its traditional status as a tax haven, though it has in recent years taken steps to shake off its image as a tax haven and to reposition itself as a legitimate financial centre.

Economically, it has one of the highest levels of gross domestic products (GDP) per person in the world.

The country has come through a lengthy political wrangle over the role and power of the hereditary monarchy.

After an often bitter campaign, the people voted in March 2003 in a constitutional referendum to give Prince Hans-Adam sweeping new political powers. The following year he handed over practical power to his son, Crown Prince Alois.
Source: BBC.com