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The Crazy Economy of Monaco

The Crazy Economy of Monaco

FromEconomics Explained


The Crazy Economy of Monaco

FromEconomics Explained

ratings:
Length:
11 minutes
Released:
May 6, 2023
Format:
Podcast episode

Description

Monaco is the wealthiest nation in the world per capita. It's also the country with by far the highest average age of citizens. It has the highest cost of land of any country in the world, it pretty much breaks any kind of list you want to make ranking countries cause you can pretty much bet that this 2 square kilometer spit of land off the south of France is going to win any economic top ten list out there.

So, what is really going on with the economy of Monaco?

Most people know it as a playground for the rich and famous, a parking garage for superyachts, a glorified formula 1 track, a country built around a casino, and above all else, a tax haven. But is this criticism really fair? ... let's explore in today's video!
Released:
May 6, 2023
Format:
Podcast episode

Titles in the series (100)

On Economics Explained, we take a look at interesting countries, policies, and decisions from the point of view of an economist. The world is an interesting place and we hope to uncover some of this intrigue in our short, informative podcasts.