The difference between Monaco and Morocco: Are Monaco and Morocco the same country?

Morocco, whose full name is Kingdom of Morocco, is a coastal country with a relatively small population and area in northwest Africa. Morocco's economic level is relatively backward. Its land area is only the size of Sichuan province, but its population is only half that of Sichuan province. Monaco, called the Principality of Monaco, is a coastal country in southern Europe. Monaco has a small land area.

Monaco is one of the four remaining principalities in the world, located in the south of France. It is surrounded by France in the north, west and east, with an area of only 1.98 square kilometers except the Mediterranean Sea in the south. It is the second smallest country in the world, with a population of about 38,300, and its capital is Monaco. Monaco, as a tiny country with mixed nationalities, has a population of only 8,378, and the rest of the population comes from more than 100 countries, mostly French and Italians, and most of them believe in Catholicism.

Monaco is a highly developed capitalist country. Its citizens are mainly engaged in tourism, banking, insurance, stamps, gambling and other industries. Casinos and stamps are more famous. Monaco is a famous tourist destination in Europe, and the cultural and sports activities such as Monte Carlo International Acrobatic Festival, International Fireworks Festival and Formula One Grand Prix are quite famous. Monaco's industry is weak and there is no agriculture.

Monte Carlo Casino

Monte Carlo, together with Las Vegas in the United States and Macau in China, is called the three largest gambling cities in the world. Casino income accounts for a large proportion of the total income of the national economy, which can be called the pillar industry of this country. The prosperity of gambling industry not only brought Monaco huge financial resources, but also promoted the great development of tourism, banking, real estate and other industries, making the country among the developed countries. According to the statistics of the World Bank, Monaco's per capita GDP is as high as 166726 US dollars, which is nearly 17 times that of China, ranking first in the world.

The country's super wealth provides a solid foundation for people to enjoy all kinds of high-level livelihood services. According to the law, the Monegasque government does not levy personal income tax, but imposes a profit tax of 33.33% on enterprises. Because of this, Monaco has attracted a large number of wealthy tax-avoidance immigrants around the world, and the European Union has therefore blacklisted them as "tax havens" and imposed corresponding sanctions, which Monaco did not expect.