Liechtenstein is a principality governed under a semi-constitutional monarchy. The country has a mixed constitution in which political power is shared by the monarch and a democratically elected parliament. The executive power is exercised by the Cabinet of Liechtenstein, while legislative power is vested in both the government and the Landtag (Parliament). The judiciary is independent of the executive and the legislature. The country has a two-party system, with the Progressive Citizens’ Party and the Patriotic Union being the dominant parties. The Prince of Liechtenstein is the head of state and exercises considerable political powers. The current iteration of the Constitution of Liechtenstein was adopted in March 2003, amending the 1921 constitution. The reigning Prince of the Princely House of Liechtenstein is the head of the constitutional monarchy, and the prime minister and head of government is responsible to parliament. The country replaced universal male suffrage with universal suffrage in 1984, following a national referendum. The government is usually composed of the members of the majority party, and the leader of the largest minority party in the Diet is appointed the deputy head of government by the monarch. The country has a form of direct democracy, and the princely family and the Prince enjoy tremendous public support inside the nation. In March 2012, a proposal to revoke the Prince’s veto powers was rejected by 76% of voters in a referendum¹²³.

The country has a form of direct democracy, which allows citizens to participate in the legislative process through initiatives and referendums. The country is divided into 11 municipalities, each of which has its own elected mayor and council. The country has a high level of political stability and is known for its low taxes and business-friendly environment. The country is a member of the United Nations, the Council of Europe, and the European Free Trade Association. The country has a small but well-educated population, and the economy is highly diversified. The country’s main industries include manufacturing, financial services, and tourism. The country has a high standard of living and is one of the wealthiest countries in the world.¹²³.