It’s hard to imagine, but there is one nation in the globe where there is no such thing as people living in poverty. In which country is there not a single individual who is without a home or living below the poverty line?
The tiny principality of Monaco can be found in the continent of Europe.
Even though the country’s breathtaking natural landscapes and coastline are probably the primary factors responsible for the increase in wealthy residents, the size of the country still has an effect on the economy. This is the case despite the fact that these two aspects of the country are likely the primary factors responsible for attracting wealthy residents. The Principality of Monaco is the second smallest country in the world, following in the footsteps of the Vatican City in terms of size.
It is the nation with the highest population density of any nation in the world, while having the smallest land area of any nation at just two square kilometers. The CIA’s World Factbook states that the population of Monaco is not considered to be poor, hence the citizens of Monaco do not have to worry about being poor.
Despite the fact that the country is only slightly larger than Central Park in New York City and that it plays host to annual world-famous events such as the Monaco Yacht Show and the Monaco Grand Prix, the principality of Monaco is home to only about the same number of millionaires as there are people who call it home. This is despite the fact that the country is only slightly larger than Central Park in New York City. It boasts the second highest GDP per capita in the world, coming in at $165,420, making it the second richest country in the world overall.
A recent poll revealed that residents of Monaco have an average net worth of $2.1 million. There are rumors that the Prince Albert II of Monaco has assets worth a cool billion dollars at his disposal. There are 12,260 people who have reached the title of millionaire in Monaco.
