Liechtenstein (Listeni/ˈlɪktənstaɪn/; lik-tin-styn; German: [ˈlɪçtn̩ʃtaɪn]), officially the Principality of Liechtenstein (German: Fürstentum Liechtenstein), is a doubly landlocked German-speaking microstate in Central Europe. It is a constitutional monarchy with the rank of principality, headed by the Prince of Liechtenstein.
Liechtenstein is bordered by Switzerland to the west and south and Austria to the east and north. It has an area of just over 160 square kilometres (62 square miles) and an estimated population of 37,000. Divided into 11 municipalities, its capital is Vaduz and its largest city is Schaan.
Economically, Liechtenstein has the third highest gross domestic product per person in the world when adjusted by purchasing power parity, after Qatar and Luxembourg, and the highest when not adjusted by purchasing power parity. The unemployment rate is one of the lowest in the world at 1.5%.
An alpine country, Liechtenstein is mainly mountainous, making it a winter sport destination. Many cultivated fields and small farms are found both in the south (Oberland, upper land) and north (Unterland, lower land). The country has a strong financial sector centered in Vaduz. Liechtenstein is a member of the European Free Trade Association, and while not being a member of the European Union, the country participates in both the Schengen Area and European Economic Area. It also has a customs union and a monetary union with Switzerland.