The economy of Monaco is mainly driven by tourism and finance. Tourism is the main source of income for the principality, with visitors drawn to its luxury hotels, casinos, and restaurants. The country also has a thriving financial sector, with many wealthy individuals and businesses choosing to base themselves in Monaco due to its low taxes and attractive lifestyle. In addition, the country is also home to a number of international businesses, such as the Monaco Formula 1 Grand Prix and the Monte Carlo Casino. Despite its small size, Monaco has a thriving economy, and its citizens enjoy one of the highest standards of living in the world.
