Banking, casinos and the service industry ( restaurants, stores etc) are the main sources of income.
There are no 'products' as such. Monaco's income is from tourism and gambling.
As this is under "Monaco" I will tell you the facts relevant to Monaco ( I know nothing about Switzerland. ) In Monaco there is no 'residential income tax". - There are many other forms of tax however. The VAT is almost 20% and this applies on many things. There is corporate income tax and non-resident income tax ( About 50,000 foreign workers who come to work in Monaco each day )
Monaco doesn't pay income taxes
Main income source would be casinos - gambling.
Andorra, Monaco, and The United Arab Emirates.
Colorado has many important sources of income. Important sources of income in Colorado include farming and wintery sports type jobs.
job
Personal income tax
Saudi Arabia is certainly one among them. monaco
To determine the average monthly income, add up all sources of income for a month and divide by the number of sources.
Monaco boasts the world's highest GDP nominal per capita at US$153,177,
Many countries have people exempt from income taxes in some situations. But countries that collect no personal income taxes what so ever are Andorra, Monaco,and The United Arab Emirates.