Monaco

Monaco, officially Principality of Monaco, is a sovereign city-state located on the French Riviera in Western Europe. It is famous for being one of the smallest countries in the world and a tax haven for the wealthy, thanks to its favorable tax regime. The capital is Monaco, which is also the principality's only city. Monaco is known for its luxurious casino, beaches, yacht-filled harbor, the annual Formula 1 Grand Prix, and the residence of the Monegasque royal family, the Prince's Palace. Monaco has an advanced and diversified economy, which includes sectors such as tourism, financial services, and real estate. Despite its small size, Monaco has a vibrant cultural scene, with numerous museums, art galleries, and international events. Population of Monaco from 2018 to 2020: 2018: Approximately 38,300 inhabitants. 2019: Approximately 38,600 inhabitants. 2020: Approximately 38,900 inhabitants. Capital (Monaco): Population in 2020: As a city-state, the population of the capital is the same as the country. GDP in millions of Euros from 2018 to 2020: 2018: About 5.68 billion Euros. 2019: About 5.85 billion Euros. 2020: (Data not available at the time of the last update) Public deficit in millions of Euros from 2018 to 2020: Monaco traditionally has a balanced budget or surplus