Monaco named richest country in the world with highest GDP per capita
express.co.uk — February 16, 2025, 09:00 AM UTC
Monaco is the richest country in the world, with a GDP per capita of $227,073 in 2024. Despite its wealth, it is smaller than Central Park, covering just 0.81 square miles and housing nearly 39,000 residents. The country is known for its luxury lifestyle, with high real estate prices and a significant number of millionaires among its residents. Monaco has no personal income tax, attracting wealthy individuals and businesses. Tourism is vital to Monaco's economy, featuring events like the Monaco Grand Prix and the Monte Carlo Casino. The country also focuses on marine research and has a high quality of life, with a zero poverty rate.