The Crazy Economy of the Smallest Country in the World

Monaco is the second-smallest sovereign state in the world and wealthiest nation in the world per capita. It's also the country with by far the highest average age of citizens. It has the highest cost of land of any country in the world, it pretty much breaks any kind of list you want to make ranking countries because you can pretty much bet that this 2 square kilometer spit of land off the south of France is going to win any economic top ten list out there.

So, what is really going on with the economy of Monaco?

Most people know it as a playground for the rich and famous, a parking garage for superyachts, a glorified formula 1 track, a country built around a casino, and above all else, a tax haven. So, how did two square kilometers annoying little micro nations get so developed and rich without any natural resources and technology like large nations?... let's explore in today's video!