Phone booth of Monaco Telecom company in Monaco-Ville
The Principality has succeeded in diversifying its services and in creating small, high-value-added, non-polluting industries. The state has no income tax and commercial taxes are low, which stimulates its development as a tax haven, both for people who have established their residence and for foreign companies that have created businesses and offices. The State maintains monopolies in tobacco, the telephone network and the postal service.
Monaco has the highest GDP per capita in the world, it is 220,000 euros per inhabitant The export products
Monaco makes pharmaceutical products, perfumes, beauty products and transformation of some agricultural products. During the year 2002, he obtained benefits worth 2,300 million dollars. The Monegasque industry is concentrated in La Condamine. Trade
Monaco is an economic port based on tourism development and centers and companies that are located in that state and is concentrated in the City of Monaco and it is developed and concentrated in Monte Carlo. A to this can be found in the song Money, Money, Money of ABBA; in the part ... I'll have to go to Las Vegas or Monaco ...
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