How does Monaco make money?

According to latest "monaco statistics pocket" 2017 report, Monaco 2016 revenue allocation is: Commercial transactions (VAT) 579.80 Legal transactions 195.90 Real estate sector 139.70 Commercial revenue 124.90 State-granted monopolies 60. read more

Additionally, all residents of Monaco pay tax in the form of 19.6% value-added tax on all goods and services (VAT). Casino. Back in the days, Monaco’s national product was almost solely dependent on gambling and Casino, but with prince Rainier, reforms was made that made Monaco less dependent on casino. read more

The casino is alluded to in the ABBA song Money, Money, Money. Financial and insurance activities, along with scientific and technical activities are main contributors to GDP of Monaco. Banking sector of Monaco is rather large: in 2015 consolidated banking assets 8.42 times exceeded the country's GDP. read more

The absence of income tax does not entail an absence of social conscience. With our state revenue, we are able to fund an excellent health service, an efficient education system, a good public transport network and comprehensive social services. We are continuously investing in updating and improving of Monaco's infrastructure. read more