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Monaco Travel Guide
Monaco (© NLo - Fotolia.com)
View of Monaco.

Introduction

Monaco is the world's second smallest sovereign state and the seat of one of Europe's oldest surviving monarchies. Famous for its casino and its Formula One Grand Prix, Monaco has been a favourite playground of the rich and famous since the 1860's.

The state has the particularity of having no income tax, which has made it a haven for wealthy celebrities. Consequently, Monaco enjoys the world's highest GDP per capita (five times the EU average), the world's highest life expectancy, no unemployment, but also the world's most expensive real estate market.

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