Why Is Monaco So Rich?

Monaco is the second smallest country in the world after Vatican City. It can be called a city state, meaning the entire country only really has one main city. You might also call it a microstate.
One of the largest and well-known of these micro states is Singapore, which has a land mass of 714 km2 (276 sq. miles) and a population of around 5.8 million. But Monaco really is micro.
It has a land mass of 2.02 km2 (0.78 sq. miles) and a population of just 38,900, people.
But why is this small place on France’s Mediterranean coastline so wealthy? That’ what we’ll find out today, in this episode of the Infographics Show, What Makes Monaco So Rich?
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Sources for this episode:
pastebin.com/KekLkSza

[@TheInfographicsShow]

You've got 4 words to describe your perfect day in Monaco with no limits... What do you do?

[@Reubensmurphy]

The Infographics Show helicopter yacht party women

[@tommyg879]

Party in a Yacht

[@grzk]

The Monaco Grand Prix

[@hyperwolfegaming6745]

F1 race drive paddock

[@neddiego2570]

Real Estate, F1, Yachts. 🏢🏎🛥

[@anythinginteresting3412]

Simple Answer: *NO INCOME TAX,* that surely will attract a lot of millionaires.

[@buenaventuralosgrandes9266]

yep. small indigenous population add with regulation to attract most of rich folks and build infrastructure to make it a playground for the rich. pretty sums up the success story behind monaco

[@araxiel569]

Helps that since living is so ridiculously expensive, the entire workforce of working class people and even the middle class are forced to live outside in France, which means France has to cover all their expenses (schools, healthcare, infrastructure etc.) without getting a single cent from the corporations those workers are employed by.

[@Wladek666Accursed]

That is problem of French politics

[@ShalonMachado]

if you're a citizen of monaco since the beginning and were born there then you don't have to pay these insane amounts for living space. which explains the 2/3rd of the residents who aren't millionaires.

[@marcobosi3815]

Fiscal heaven

[@realfootwearreviews139]

I’ve been to Monaco. Every other car on the road is a super car. Ferrari. Lambo. It’s crazy. And the “other” ordinary cars. Porsche. Ranges. BMW. Mercs.

[@autisticwizard84]

Yo they are pretty much all in front of the Casino and some are just flexing in the streets. Know it cuz' i leave nearby :P

[@Wayeseh]

An F1 and F2 is the best part....I wish I would soon go to a GP watching from the hairpin Hotel

[@egga3675]

@@autisticwizard84 dang you live in monaco?

[@athenstar10]

So it's easy to spot the prince on the road if you see a Toyota Prius😆

[@xsbv]

Monaco looks like a GTA Online lobby. Sports Cars everywhere, Billionaires...

[@monks311]

One day I'll go to monaco. Just to watch the Grand Prix.

[@MuppetNLL]

No don't! Go to Monaco when the tourists aren't there, when the grand prix isn't there. Go to Monaco in October or March/April. The weather is nice and the atmosphere is amazing! Have a drink and a meal at Cafe de Paris, than go to the casino. You will notice people are amazing and friendly! Honestly, only decent people live there and no anti social bastards are there. I have been there and i loved it. P.s. the public pool costs something like 3 euro's per day and it's directly next to the world famous harbor, pretty nice!

[@rafkasumov1727]

hey I live there during the grand prix its mayhem got in march.

[@MK-ql8df]

I went to Monaco GP, not worth it, the city is unbelievably crowded.

[@DineshKumar1512dk]

Worst track of f1 . No overtaking at all

[@alexv1872]

@@jeajinshin6126 you can't see anything there are no overtakes and city is filled with tourists. It's smarter to go to the italian/austrian/belgian GP

[@alexgeissler3990]

Monaco is also a largely known F1 area. F1 brings in a lot of money for Monaco

[@nikoesperc9913]

Alex Geissler yea it’s actally the only track ever to get PAID to host a gp all the other gp’s are paying to host it

[@crae_zi4543]

and the Monte Carlo Country Club (where there is the tennis tournament)

[@osiris6883]

I pay 0.05$ every time i blink

[@nikoesperc9913]

@@osiris6883 why tho? lol

[@osiris6883]

Niko Esper C it was a joke

[@zmaxii1337]

i was in Monaco once and its just crazy... seeing all these Rolls Royce, Ferrari's, Lamborghni's etc. And i didnt even mentioned the yachts laying around in the port.

[@nikoesperc9913]

zMaXii ツ you should try Living there it’s amazing to wake up to the ocean view and the yachts

[@nikoesperc9913]

@The BlackMace i dont assume everyone has money, im not even rich... my grandfather and grandmother just bought an apartment in monaco before the boom happend so yes they are rich now but we are not..

[@bobanation6917]

Ty for visiting our country! I hope enjoyed ur visit!

[@bobanation6917]

@9 M Somesh nayak lol don’t rub it in

[@ikmal63h17]

I love to visit Monaco when Covid things over

[@DankMatter]

I mean Monaco has "mon" in their name and you know what else has "mon"? Money

[@Versaucey]

no heck you

[@sillyslayer_]

Monika

[@Ju-lj5ff]

They call it argent not money 🤷‍♀️

[@safron2442]

*_PokéMON_*

[@khizaryousuf4243]

Coincidence? I think not!

[@just-a-silly-goofy-guy]

Because they trade in illegal memes

[@ArkhamKnight-zn8dt]

Good comment and so early.

[@jacobthomas8598]

I’m going to Kermit suicide

[@AnOverratedMon]

you are the 1st real comment that isn't 1st

[@hendrayudhapratama1027]

memes will be illegal in europe..

[@ryanmcdowell2326]

This frog 🐸 knows too much 😊😂

[@radoslavstefanov5357]

I’ve been to Monaco and I can tell that, really, people not only dress like being rich, their usual behaviour shows that they really are! It’s an amazing place with lots of yachts and I was there just before the Grand Prix 2018 and I could imagine the whole experience of watching live the race, while the rest of the world is behind the screens. It’s a place to dream and aim to live in, that’s where the proper high-life people like to spend their time.

[@rickycastillo7461]

Wow

[@lily-rose3929]

well considering i live in monaco and have now for 9 years, people don’t love it here and most people leave for the grand prix as a resident cuase it’s awful for the noise and set up of it. as well monaco is small so there isn’t much to do locally

[@musashi5167]

@@lily-rose3929 are you also rich?

[@fbiagent6744]

@@musashi5167 probably

[@IsaacLouisDV]

I live in Monaco and here is a quote from my dad. « If you live in Monaco, it’s because you either have money, or you take care of other people’s money. » Both my parents are accountants and I can tell you, we DO NOT have 1.7 million euro. EDIT: Coming back to this comment after 3 years and I have to admit I was wrong, my parents just hid how much money we had from me so I wouldn’t grow up to be a stuck up, pretentious rich kid probably 😂😂 We probably do have 1.7 million euro.

[@SuperPrem]

valid.

[@rileytavares4087]

Hm, a million at least 🤔

[@idanesukamusik]

It's net worth not a liquid money you must understand house in Monaco is more expensive than other country

[@xeeroh1]

Finally found a Monacan 🇲🇨

[@IsaacLouisDV]

@@xeeroh1 It’s actually monégasque :) and I’m not a Monaco national, my parents immigrated here, I’m Irish/British

[@mingxuanbenedictteo8487]

Fun fact : fighter jets cross the whole of Singapore in less than a minute

[@jacobmeade1045]

Why is the infographics show so interesting, that is the true question

[@TheInfographicsShow]

hmmmmm... 🤔 I'll be happy to read why? 😀

[@subscriberswithoutvideos-sj8xq]

because they are interesting

[@leotac5737]

I’ve been to Monaco because I have huge interest in supercars so naturally, I stopped in Monaco on my weekend trip to Cannes to record some content of crazy cars over there. Not to mention there was a McLaren 720S and a Ferrari California inside a garage full of ambulance cars.

[@bozhidardimitrov3573]

these are for very severe cases

[@rickycastillo7461]

So thats why monaco

[@ikmal63h17]

One of the reason I want to go to Monaco

[@memesgp8670]

If you think that's cool, you should check out the monaco grand prix. The cars are way crazier than usual supercars

[@otbirkeland]

Nobody going to mention those two guys at 2:33 doing the most awkward handshake I’ve seen?

[@sarveshbode5827]

Monaco Grand Prix played an important part as well 🏁

[@annefonseca3681]

I went to Monaco during my visit to Nice- France last year. You can drive from point A to B in minutes. It’s tiny. Impressions... * Beautiful * luxurious * Tourists grouped in front of the cassino * Sharp dressed people left and right * Fancy cars * Too many Yachts by the marina * Rich middle aged men coupled up with younger women Unless you come from money you can feel very out of place... yes the place is utterly ostentatious and.. that’s the appeal. It felt like stepping straight into a movie where the rich and famous are the main characters. Picture “Great Gatsby kind of people” for a second. Yeah.. Interesting experience to say the least.

[@christopherowen4632]

You don't know why I have so many likes dont you?

[@andrewbarish6994]

😂

[@arj1045]

James, mendy

[@jamieelliott3679]

Fabinho

[@hadimajed8121]

😂😂😂

[@samakshgupta947]

Haha

[@visigoth3696]

Smaller countries are way easier to run than big ones like USA and Russia

[@eternalmk3642]

No Income tax!!!!🤔 Thus it attract Millionaires and Billionaire

[@aRVeesBlog]

Amazing how a country this small is so rich. Thanks for the video, very informative 😮

[@wildpear4181]

Probably cause they don't get taxed on everything they do...

[@AnOverratedMon]

I get taxed for breathing

[@josem588]

@@AnOverratedMon is because us government needs money to do pointless wars

[@jpberner4266]

I’ve visited Monaco and it’s the coolest thing I’ve ever seen. The crappiest car I ever saw was a Range Rover, and the yachts in the water are breathtaking. It’s super cool to see how the streets are always set up with the track for the Grand Prix

[@TravelHere]

I hope to visit Monaco one day. Looks like a really cool place to hang around, even if you haven't a lot of money you can just watch all the wealthy things around you.

[@JIeryxa]

I was there on excursion. It's really another world. I had a feeling that it was like a heaven on the earth.

[@juliuseke27]

Who would have thought lower taxes attracts people, businesses and wealth

[@ELSHELL]

Why don't you go live in Monaco?

[@jeffreywilliams13]

Just for your information Monaco has no airport, only a couple of helipads, so you cannot fly into Monaco you would have to fly into Cote d'Azur Airport, France then make your way over to Monaco.

[@OriaXu]

Here in Luxembourg it's all the banks and businesses like Ebay, Amazon, Paypal, etc having their main offices in Lux, since we give them very very low taxation. Normal people, are not that rich, we do earn more than workers in neighboring countries like Germany, France and Belgium, but we (normal people) are not rich, sadly.

[@yariss2372]

We have a post adress in lux (we are from Belgium) to dodge the taxes on our RS6. We save well over 7k a year on that alone. Taxes are just a clever way from the government to feast on the people who cant afford to dodge it.

[@lukaswask]

I have been to Monaco. And I can say it is not for my wallet, but yeah it is very beautiful and luxurious:)

[@Mads_Vel]

Me and my family visited Nice around when the terrorist attack happened, and we took a day trip into Monaco, and it was so cool! Beautiful place, rows with huge yachts, large casinos, nice weather. Stopped and looked inside a real estate business, and properties cost around $22,000,000.

[@Whatrudoing__]

I went to Monaco last 2 years ago, great place and I like the gelato near the palace. I recommend visiting Monaco because it is worth it.

[@fototoestelletje]

XYD = Monaco At least XYD ain‘t islamophobic and perverted like France

[@alekkrubired6842]

I've been there and it's one of the most beautiful places I visited

[@rickycastillo7461]

Really mr. Alekk rubired?

[@lindanorris3226]

THANK YOU SO MUCH FOR SHARING US 💙💫🌎

[@MrAndrea0104]

Yesss an episode on my country 🎊 so cool guys!!! Keep up the great vids ✌

[@HistoryHouseProductions]

You guys must have a pretty big team to be able to put out so many videos.

[@Aexception]

I’ve been in Monaco , it’s really nice but I wouldn’t live there and I come from an average family so im not rich or owt 😂😂😂😂😂😂

[@sahirarodriguez9782]

Aexception how come ??? Im curious.

[@rajmondduli2209]

@@sahirarodriguez9782 he probably lives in Europe like Italy or France or another country in Europe and that is how he could go. U can go anywhere in Europe if u r European. It is really accessible.

[@Aexception]

Sahira Rodriguez Went to France for Holiday and my dad was like , lets go Monaco , and thats how i ended up there

[@Aexception]

rajmond duli yep but I live in UK so it was a bit of a drive 😂😂😂😂

[@crae_zi4543]

I live there but I'm not rich at all

[@sskalimul8105]

tnx for your useful video and useful info...

[@eerik253]

Hey love this channel

[@gontrandjojo9747]

French people are the only one that have to pay taxes in Monaco (tha same rate they would pay in France). France forced Monaco to make French residents pay taxes to avoid tax evasion there.

[@CorporateJetpilot]

I love Monaco. It is truly the most beautiful country I have ever been too and who does and doesn’t have money shows. A Mercedes is equivalent to a Toyota their as everyone drives Bentley, rolls Royce, or some sort of exotic. Really really clean and nice

[@Jay-jq6bl]

Really a shame not to see it coming out from the train station though.

[@avishekdutta3310]

2:37 Princes Caroline!!! The cat from "Bow Jack horsman"

[@mgood4916]

Your every videos are contains more surprising things, love your all videos and you sir

[@dexterlina5735]

I was there in January 2019. Incredible beauty. Love Monaco 🇲🇨 ♥️

[@Saltynutz333]

Hello guys, from Monaco. ✌️🎉😋 I’m so poor, I feel rich...

[@johnsteytler3597]

The whole of Singapore subscribed to the info graphic show

[@JTdogzone666]

I went to Monaco this summer. Filled with expensive cars and located on a cool terrain. But, not worth the visit unless you’re near-by visiting somewhere else.

[@amandacharlie6520]

I genuinely love Monaco.

[@David-nc9it]

Well my grandmother lives there and she is quite wealthy but my parents are very modest and left Monaco to live in Italy

[@sajeeusajje4168]

Give me $1,000,000 so I can go back to my country. Also I am a prince from Nigeria

[@vamshikrishna9964]

Video about Estonia in Europe and it's flexibility to start-ups and other details like geography history etc. Please do it

[@d.o.u.b.l.e413]

Nice...💯💯

[@thaime6132]

Etymology : Mono (only one) + oikos (house) = Monoikos - Monaco 🇲🇨 Oikos = eco+nemo=economy (house+manage) Ikea=oikia (the store all about the house) Ecology Ecosystem Etc... On the 6th century Phoceans Greeks discover Monaco and they built the first temple of Hercules that’s why the port call Hercules. All South France were Greek colonies : Massalia = Marseille Agathi = Agde Antipolis=Antibes Avenion=Avignon Egithna=Cannes Ieropolis=Hyeres Nikaia=Nice Nim=Nimes Athinopolis=Saint Tropez And more...

[@luc.mp4]

I went to monaco recently and was very surprised to see such opulence but the main thing that surprised me was that i many of the streets in the city smelt like urine and human excrament even in some of the very wealthy street

[@kokile]

I live in Singapore,well done Monaco 🇲🇨

[@hermanstaro9832]

Love living here!!!

[@Bassquake76]

How do they pay for infrastructure like policing and public road works? Do they pay a different tax?

[@gordonduffyjr1776]

u2 is an IRISH band NOT from the UK

[@boondocksaints2011]

Gordon Duffyjr U2 are from Mexico gets your facts right.

[@doctorlighthouse2589]

No, they are from China get your facts straight.

[@markmuldoon7044]

Lads you're all idiots. U2 are from jupiter

[@adidasaddict2023]

No no yous are all wrong irs the moon

[@Emilio-wb7lu]

Since when Ireland is not a part of United Kingdom? Don't mistake England with whole kingdom.

[@MK_1991]

Fun fact Bono and U2 are an Irish band from the island of Ireland. Not British.

[@seanthebeure]

Michael Keating, I had to rewind it twice to make sure that I heard it right 😂😂 glad someone commented

[@TriviaNight]

I would love to visit there some day.

[@beardedpanda5086]

I think the Monegasque citizens get housing subsidized. And Monaco is a gorgeous place. I walked around most of it.

[@poil0culs522]

Chris K Monegasque citizens get housing aid called ANL (Aide national au logement) as long as you’re not married. They also get MUCH cheaper housing whereas foreigners have to pay millions for apartments a monégasque would pay 200k-600k for.

[@paulfitz4861]

Bono is Irish not British we didn't fight for 800 years just for our people to labled British.

[@srdjandjuric8708]

I been in Monaco yesterday!

[@AlyNichelle]

All I could think of was Jon Olsson & Janni Olsson Deler! They live in Monaco & they do vlogs. Definitely a dream life.

[@Versaucey]

But do they have more robux than me? I guess not 😎

[@Dragonman6897]

They can buy more Robux than you

[@egz3637]

@@Dragonman6897 r/woosh

[@human_bing]

@@egz3637 r/woosh

[@kaley3729]

r/woosh

[@destinyelle7120]

Bruh roblox turned into shit💀, it was a lot better in 2011

[@about19wookiees14]

Lewis Hamilton just lives there to practice for the Grand Prix 😂

[@veganpiranha3302]

Super Fast Shaw Hahaha definitely for the tax. The tax man in the UK does sleep

[@myshellvlog7783]

Amazing place

[@phalvorantos]

legend has it if you are early, infographics show will heart you

[@JSM270]

I was there a couple of years ago. It's pretty spectacular. 15 minute train ride from Nice. If I wanted to avoid tax, I would simply buy the cheapest apartment possible and rent it out for the grand prix. List it as my 'primary residence', while actually just living in Nice.

[@mrnobody6322]

Haas driver Lewis Hamilton?😂

[@kerimca98]

'Ace driver" he said (subtitles)

[@Baxos04100]

I am currently working in Monaco and trust me, it is far to be enough to get the residency !

[@tomursell4713]

Im pretty sure that Charles the third was the prince during that time and was considered the founder of Monte-Carlo casino, also I might be wrong but the only princess Caroline I can find for the house of Grimaldi was born in 1957.

[@augustav9334]

When I was in Monaco, it was VERY clean and a very beautiful place but I heard that if u live there and don't own a yacht then ur poor

[@eleanora64]

not true, Ive lived there for 10 years and I was never considered "poor" for not having a yacht.

[@Enover5]

Watching in my bed, in Monaco.

[@nadia.h8030]

What time is it!

[@sephysycotic]

Are u rich??....like super rich??.do u drive lambo?..u don't work??dated with super model??

[@Enover5]

@@sephysycotic Not one you mean. The truth is in Monaco there is only like 10 % of the actual population that are most likely all of the above (except these are the ones who once worked twice the average), earned a ton of money and have decided to live what remains ahead of them the best they can. But for the 90% left we are (I'm part of them) what would be called in the neighbouring country some middle to upper middle classes. Though we work harder than in France (average is 40 hours), we do it for a very nice salary. We 90% actually live in Monaco not so much for the financial laws, but far more for the infrastructures built there, that are of far superior quality than the ones in France, or Italy.

[@Enover5]

@@nadia.h8030 'Twas 11pm when I got the notification for the actual video.

[@zwagig1761]

Bless you, hope you have a good life.

[@HonJazzz]

I’d love to see an F1 race there.

[@Aden.m04]

Love ur vids hope u see this 👍

[@ayoubmezoury4134]

When people think of Monaco, wealth, fast cars and casinos come to mind. one in three are millionaires, It has the highest per capita GDP in the world. So how did this happen? The big draw is tax. The principality scrapped income taxes back in 1869, and other tax rates for companies and individuals are exceptionally low. The prospect of keeping hold of most of their wealth has attracted people from over 100 nations. In addition to tax benefits, the rich also like Monaco for its lifestyle.

[@ewc58]

Monaco is and always has been a key stronghold in the global heroin trade. Like Marseille without the taxes. Any reason you didn’t mention that in this examination of its unlikely wealth Sparky?

[@Graveburrito]

Amazing vid inforgraphic! Very interesting edit: I liked!

[@cruzcarneiro]

Hi, What software is this video produced on?

[@liampeoples8290]

Bono isn’t British he’s Irish and from Dublin

[@thetinymoth]

why is this in my recommend I live like 10min away from monaco

[@magnusboucher367]

The perfect place for car lovers ❤️

[@cursedsound]

Monaco is very beautiful i have been there 3 times, if you make holidays nearby, in italy or france i highly recommend visiting it.

[@nicholasgoh5932]

Lewis Hamilton, Hass driver??

[@aidanelder67]

It’s incredibly disappointing that in a video about a small nation and its sovereignty in relation to a bigger, formerly imperial neighbour, you label Irish band U2 as British. They are very different nations and it’s sadly ironic that the error happened in this video.

[@undyingpwner864]

Dude have you like seen the F1 races when they go there its insane they even have a pool just for the 4 days they are there and its massive and a whole lot of F1 drivers live there

[@francdoud3511]

Love it

[@WSB1469]

I miss the old narrator...

[@KC-up7hf]

Something tells me you ripped this straight off of ibxtoycats second channel...

[@lunicatgaming2090]

I’ve been to Monaco it was really nice

[@frodo5483]

Do a video about Singapore. Anything at all

[@davidobrien2785]

Sorry but @theinfographicshow since when was Bono British?!?!?!

[@aru2577]

I Destroyed Monaco In Civilization V

[@lorddrac_dontaskmetodance]

You communist! Lol

[@memesforever4665]

Yeah I go every year to monaco, it‘s pretty nice there for relaxing but with the time it gets boring!

[@leonardmaranan1838]

Monaco is rich because they attract rich people. If the people of the country are rich, the country is also rich. That's a no brainer and Dubai did it too. They attract rich folks. And they did it by getting friendly to their sources of income, their businesses. Because if they don't do it, how do they get rich? They don't have natural resources (Dubai has few oil). Just think of it, how a dessert state/emirate like Dubai without much oil get wealthy within the past 20-30years? They attract the "already rich people" from other country so that they come flocking with their money. Example of what they did: give free land for anyone who starts a business, without much taxes to take care of. That made Dubai rich in just 20 years, which is very similar to what Monaco did, from being one of the poorest faces of Europe to the land of the rich.

[@MightyFish75]

Monaco is the most fanciest place I had ever been. I felt out of place being there. The Monte Carlo Racetrack was the highlight of my visit.

[@smeagol125]

Bono is Irish not British

[@Anonymous-sj8ds]

Mi Mu sonny bono ? No he’s italian

[@sylvainduret9880]

That 2002 treaty is very... interesting !

[@rajeshagarwal3278]

I AM FROM MONACO..THANKS FOR MAKING A VEDIO ON US....

[@HarrySmart]

You say “Monaco” as if you’re sounding Monica from friends

[@MrPBBz]

U2 aren’t British, they’re Irish. Never thought I’d want to claim U2 as our own but it’s annoying that most people call Irish people British when they’re the furthest thing.

[@eduardof7322]

Lol, I've heard that most people in Ireland don't like U2 and overall Bono. I can see with your comment that this is more or less true haha

[@joshdahlgren3976]

He should have said United Kingdom. It’s a close enough distinction, though I know the history will say different for any Irish person. 😂

[@markworrall6652]

My sis is in Monaco and she looks really happy there

[@Chloe-xg2to]

Sorry but I live in Monaco and what you said is partly true but since I also go to school in Monaco some of the history that you said princess Caroline opened the casino but it actually was prince Rainier III

[@yachtdesignerandenthusiast6805]

Chloe Skyler’s so true