World Business Council

WORLD
BUSINESS COUNCIL

The Internationalization Epicenter






MONACO

Monaco, with a population of approximately 39,000 (2023), is a small yet affluent city-state located on the French Riviera, known for its luxurious lifestyle and status as a financial hub. The economy is primarily service-oriented, with key sectors including finance, tourism, and real estate. Monaco is renowned for its banking and financial services, attracting high-net-worth individuals and businesses due to its favorable tax regime. Tourism also plays a vital role, as millions visit annually to experience its glamorous events, casinos, and Mediterranean climate. With a GDP estimated at around $7 billion and a per capita income of approximately $180,000 (2023), Monaco consistently ranks among the wealthiest places in the world. Its strategic location and strong regulatory environment further enhance its appeal as a global business center.   

The Monégasque government and business community can collaborate with the World Business Council to promote sustainable tourism practices, enhance financial services innovation, and strengthen international trade relationships for continued economic prosperity.

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