The Principality of Monaco is a sovereign city-state located on the French Riviera in Western Europe. Spanning an area of just over two square kilometers, it is the second-smallest independent state in the world, after Vatican City.
As a constitutional monarchy, the Principality is governed by a hereditary prince as the head of state, and the country's affairs are managed by a parliamentary system. Monaco is known for its prestigious status as a haven for the wealthy and as an international financial center.
The Principality has a population of approximately 39,000 inhabitants and boasts a diverse multicultural society. It is recognized for its high standard of living, luxurious lifestyle, and picturesque landscapes. Monaco is also popular for its flourishing tourism industry, attracting visitors from all over the globe who come to enjoy the glamorous casinos, luxurious hotels, world-class restaurants, and various cultural events.
Monaco has a highly developed economy that relies heavily on banking, real estate, and tourism sectors. Thanks to its favorable tax system, the country has one of the highest GDP per capita figures globally. The principality is renowned for its iconic landmarks, such as the Monte Carlo Casino, the Prince's Palace, and its Formula 1 race track, making it a renowned global destination for experiencing opulence, culture, and entertainment.
