What is the main economic activity in Monaco?

Tourism is the primary economic activity in Monaco.

The main economic activity in Monaco is tourism, particularly focused on luxury services, entertainment, and gambling.

The main economic activity in Monaco is tourism, particularly luxury tourism, including gambling and entertainment.

The main industries in Monaco are banking and finance, gambling and tourism. There is no income tax but the government does levy corporation tax, significant social insurance costs and a high rate of VAT (sales tax). More than half of the government's revenue derives from VAT [1].

The main economic activity in Monaco is tourism, particularly focused on luxury tourism, including casinos, hotels, and yacht-related services.

According to our database, the industry with the highest number of companies registered is Finance, Insurance, and Real Estate (4,570 companies in total), followed by Services (1,956) and Unknown industry (1,181).