Visit the country that is only nearly 2km2 wide but beautiful like a fairy kingdom, 1 out of 3 people is a millionaire

Monaco is the second smallest independent country in the world by area. However, it is still extremely popular and is a popular tourist destination in Europe. Here are interesting facts about this super small but super rich, super special country.

1 . With an area of ​​only 1.98km 2 and a population (in 2020) of 39,244, Monaco is the country with the largest population density on the planet.

The tiny kingdom located between Italy and France is considered the second smallest country in the world today , after the Vatican. To make it easy to imagine, Monaco is smaller than Central Park in New York (USA) or less than half of Hanoi's Hoan Kiem district.

Monaco is the second smallest country in the world after the Vatican.

2 . As the second smallest country in the world, Monaco is also the second richest country on the planet in terms of per capita income. Its GDP in 2019 was $166,021, second only to its European neighbor Liechtenstein.

3 . Monaco is the land of millionaires and billionaires when up to 32% of the population are millionaires or more. This ratio is equivalent to 1 in 3 Monaco citizens being a millionaire, or billionaire.

According to  Knight Frank Wealth Report , the number of millionaires in Monaco has increased by 12% in just 5 years from 2013 to 2018. This is considered a promised land of the super rich when there are many rich people everywhere applying for Monaco citizenship. According to the CIA World Factbook, Monaco has absolutely no people living below the poverty line.

4 . The median house price in Monaco is $4,560 per square foot.

House prices in Monaco are extremely expensive.

This is a higher housing price than even the most luxurious cities like New York and Hong Kong (China). To own a one-bedroom apartment in Monaco, buyers must pay at least 1.6 million USD (about 37 billion VND). The average apartment price here falls from 2.2 million USD (about 51 billion VND) to 22.3 million USD (about 517 billion VND). The price of houses below ground level is of course much higher - at least 5 million USD (about 116 billion VND).

5 . There is 1 policeman for every 100 Monaco citizens

Monaco confidently declares itself as the most secure area in the world when the police ratio reaches 1/100 citizens. The entire country has 24/7 security camera systems.

6 . More than 72% of Monaco's citizens are foreign-born

According to the census, only about 9,259 citizens of Monaco today are indigenous, or born in this tiny kingdom.

7 . Monaco people have the longest life expectancy in the world

Not Japanese, Monaco people hold the record for having the longest life expectancy at 85.8 years, according to World Bank data.

8 . Monaco owns the most expensive street on the planet

Avenue Princesse Grace in Monaco is the most expensive street on the planet

In 2008, Wealth Bulletin confirmed Avenue Princesse Grace located in the center of the country as the most expensive street on the planet with an average price of 17,750 USD per ft2 (about 412 million VND).

This street is famous not only for its prime and busy location, but also for its name after Princess Grace Kelly - the legendary Hollywood star of the last century. She is the wife of the late Prince Rainer III and the mother of Prince Albert - the current head of state of Monaco. Grace Kelly is always considered the person who "promoted" this rich little kingdom to the whole world.