Monaco is a small but prosperous country with a strong economy. According to the World Bank, Monaco has a GDP of $6.2 billion in 2019, making it the world's second-highest per capita GDP. The country's economy is largely driven by its tourism industry, which accounts for over half of its GDP. Monaco also has a strong financial sector, with banking and insurance services contributing significantly to its economy. Additionally, Monaco is a major center for luxury goods, with many high-end retailers and boutiques located in the country. The unemployment rate in Monaco is low, at just 2.2%, and the country has a very high standard of living. Overall, Monaco is a prosperous country with a strong economy that is well-positioned for continued growth.