The Only Country In The World With 0% Poverty Rate

Despite the fact that poverty affects all countries on the planet, some countries are more affected than others. Poverty rates are calculated by determining how many people in a given population have incomes that fall below the poverty line.

In this article on Frank Talk Now, we would be looking at the only country in the world, that has a 0% poverty rate

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Although Europe is widely regarded as the wealthiest and most prosperous continent, large swaths of the continent remain underdeveloped, particularly in the east. Even if Africa lacked the financial resources to overtake Asia, the wealth it could generate from its untapped natural resources would be difficult to match.

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According to official statistics, there is no poverty in Monaco. According to the CIA World Factbook, there are no impoverished people in Monaco, with a poverty rate of zero percent. Monaco has no impoverished people or a low poverty rate because it does not have poverty. Those people are not poor.

This small city-state on the French Riviera does not keep track of its residents’ socioeconomic status. This is due, in part, to the absence of a personal income tax in the principality, according to the Monaco Statistics Office. Because of Monaco’s wealth, there is little evidence of poverty in the country.

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According to the UN, the number of Africans living in extreme poverty is expected to rise from 478 million in 2010 to 490 million by 2022, while there will be no one living in poverty in Monaco during the same period. Monaco, which is a wealthy country, has no poor people.