On our way back from Spain we made a little detour to the city states of Monaco and Andorra. What I knew about Monaco before the trip? Not much. I knew that it is located on the Mediterranean coast, is famous for big gambling opportunity at Casino Monte Carlo and in general is a rich country for the rich ones. I was wondering what else people can do to support themselves apart from gambling. Here is, what Wikipedia says:
Monaco is a sovereign city state, located on the French Riviera in Western Europe. Bordered by France on three sides, with one side bordering the Mediterranean Sea, its center is about 16 km (9.9 mi) from Italy, and is only 13 km (8.1 mi) north east of Nice, France. It has an area of 1.98 km2 (0.76 sq mi), and a population of 36,371, making Monaco the second smallest, and the most densely populated country in the world. Monaco has a land border of only 4.4 km (2.7 mi), acoastline of 4.1 km (2.5 mi), and a width that varies between 1.7 km (1.1 mi), and 349 metres (382 yards). The highest point in the country is a narrow pathway named Chemin des Révoires on the slopes of Mont Agel, in the Les Révoires district, which is 161 metres (528 feet) above sea level. Monaco’s most populous Quartier is Monte Carlo, and the most populous Ward is Larvotto/Bas Moulins. After a recent expansion ofPort Hercules, Monaco’s total area is 2.02 km2 (0.78 sq mi), with new plans to extend the district of Fontvieille, with land reclaimed from the Mediterranean Sea.
Economic development was spurred in the late 19th century with a railway to France, and the opening of the first casino, Monte Carlo. Since then, the principality’s mild climate, splendid scenery, and gambling facilities have made Monaco world-famous as a tourist and recreation center for the rich and famous. However, in more recent years Monaco has become a major banking center. The state has noincome tax and low business taxes, and is well known for being a tax haven.
Monaco also has the world’s highest life expectancy at nearly 90 years, and the lowest unemployment rate at 0%, with over 48,000 workers who commute from France and Italy each day. For the third year in a row, Monaco in 2011 had the world’s most expensive real estate market, at $65,600 per square metre. According to theCIA World Factbook, Monaco has the world’s lowest poverty rate, and the highest number of millionaires and billionaires per capita in the world.
I invite you to have a brief look through photos.
Tourists were photographing themselves at posh cars in front of Casino Monte Carlo. I wanted too, but was too slow. So just took the photo of others doing it 🙂