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10. Monaco -

Known as a playground for the rich and famous and a tax haven for billionaires, Monaco is the second smallest country in the world. Despite its size, it is home to global business leaders such as Mercedes CEO Toto Wolff and CEO of BMCE Bank of Africa Othman Benjelloun. Additionally, Monaco hosts many Formula One drivers, including Lewis Hamilton.

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10. Monaco -

Located on the northern coast of the Mediterranean Sea, the population of Monaco is over 39,000, of whom 8,000 are Monegasques, almost 10,000 are French nationals, more than 8,000 are Italian, and 2,800 are British. There are over 140 nationalities represented.

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10. Monaco -

A chic and glamorous country, Monaco once boasted Hollywood icon Grace Kelly as their Princess and is home to the infamous Grand Prix. According to research into European cities with the most high net worth individuals, one in every three people in Monaco is a millionaire.

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9. Liechtenstein -

Nestled in the heart of Europe's alpine region, between Switzerland and Austria, the Principality of Liechtenstein is a small yet fascinating country. With a population of around 40,000 people, it covers an area of just 160 square kilometers (62 square miles), making it the fourth-smallest state in Europe, and the sixth-smallest in the world.

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9. Liechtenstein -

Liechtenstein features a developed economy driven by finance, manufacturing, and tourism, supported by its political stability and high standard of living. It has global influence through its financial sector, high GDP per capita, and innovative industries. 

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9. Liechtenstein -

Though small in population and landmass, Liechtenstein has a strong economic footprint, particularly in banking and international business law. The country also plays a quiet but important role in global politics through its diplomatic neutrality and strong legal framework. As a member of the European Economic Area, Liechtenstein is active in international trade and sets an example in sustainable development and governance.

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8. Malta -

Malta is the world's tenth-smallest country. The island’s global influence stems from its ability to serve as a mediator and hub for collaboration across Europe, Africa, and the Middle East, shaping conversations on trade, diplomacy, and innovation.

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8. Malta -

With its strategic Mediterranean location, Malta is uniquely situated at the crossroads of Europe, Africa, and the Middle East. This positioning has made it a significant player in tourism, finance, and the online gaming industry, influencing both regional and global markets.

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8. Malta -

Beyond its economic impact, Malta holds a distinctive role as a bridge between European interests and those of global powers, including the Middle East, the Commonwealth, and Small Island Developing States (SIDS).

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7. Qatar -

Qatar, officially the State of Qatar, is a country in West Asia with a population of just 2.9 million and a GDP of US$219 billion. It is a key contributor to global energy security as the second-largest exporter of natural gas, employing large numbers of foreign workers in its production process.

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7. Qatar -

Qatar's main sources of revenue are the exports of oil and natural gas, which account for 70% of total government revenue. According to the CIA World Factbook and Forbes, Qatar holds the title of the “richest country in the world."

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7. Qatar -

The world looks to Qatar for its strategic role in global energy markets and its significant investments in infrastructure and development. Additionally, Qatar's hosting of major international events, such as the FIFA World Cup 2022, has showcased its capacity for large-scale organization and innovation.

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6. Belgium -

Belgium, one of the smallest and most densely populated countries in Europe, declared its independence from the Kingdom of the Netherlands on October 4, 1830. Since then, it has developed into a vibrant nation with a rich cultural heritage and significant influence in international affairs.

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6. Belgium -

Belgium has a well-developed transport network and a diversified industrial and commercial base. With a US$624 billion economy, the country exports a variety of products such as medicaments, cars, and diamonds.

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6. Belgium -

Belgium is one of six countries that founded the European Union, and one of the founding members of the eurozone, the World Trade Organization, NATO, and the Organization for Economic Cooperation and Development. It hosts NATO, the European Council, and many other international organizations, making it a central hub for global diplomacy and decision-making.

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5. Singapore -

Singapore is a vibrant city in the heart of Southeast Asia. As a global trade and financial center, it is one of the most influential small countries, benefiting from its strategic location as a port and its strong economic model.

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5. Singapore -

Officially known as the Republic of Singapore, it is a sovereign country and a city-state. Often referred to as a cultural melting pot, Singapore is known for the peaceful coexistence of various cultures and ethnic groups.

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5. Singapore -

Singapore provides excellent global connectivity, serving the fast-growing markets of the Asia-Pacific region and beyond, with more than US$750 billion worth of trade passing through yearly. The country has invested over a billion dollars in start-ups, keen to preserve its reputation as a pioneer in innovation.

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4. Switzerland -

Renowned as the ultimate peacekeeper, Switzerland boasts a high quality of life and a vibrant economy. Another major pillar of Swiss globalization is the international appeal of its financial center and the stability of its currency.

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4. Switzerland -

Switzerland has four national languages: German, French, Italian and Romansh. English, though not an official language, is often used to bridge the divides.

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4. Switzerland -

Geneva, in the French-speaking part of Switzerland, is a global hub for diplomacy and banking. It hosts the headquarters for Europe’s United Nations and the Red Cross, further cementing Switzerland's role on the world stage.

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3. United Kingdom -

Although the United Kingdom is no longer the world’s richest economy, and may not be held in the same high regard post-Brexit, it remains a country that the world looks to and turns towards for leadership and guidance.

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3. United Kingdom -

The UK is regarded as a force for good globally, serving as a valued and trusted partner in addressing major challenges such as climate change. Additionally, the British monarchy plays a significant role in promoting diplomatic relations and cultural influence worldwide.

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3. United Kingdom -

The United Kingdom remains globally recognized for its exceptional strengths in science, technology, higher education, and cultural contributions. Its prestigious universities, cutting-edge research institutions, and vibrant cultural scene continue to make it a leader in innovation and creativity.

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2. Luxembourg -

Luxembourg wields significant global influence despite its small size, largely due to its status as a financial powerhouse. It is the world’s second-largest hub for investment funds after the United States, home to numerous international banks, and a center for insurance and corporate headquarters.

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2. Luxembourg -

Its favorable tax policies and business-friendly regulations have attracted multinational corporations, making it pivotal in the global economy. Additionally, Luxembourg is a founding member of the European Union and hosts key EU institutions like the European Court of Justice and the European Investment Bank, reinforcing its political clout in Europe.

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2. Luxembourg -

Beyond finance and governance, Luxembourg is at the forefront of innovation and sustainability, with significant investments in technology and space exploration. It is a leader in the space economy, further elevating its global profile.

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1. Vatican City -

Vatican City, a city-state surrounded by Rome, Italy, is officially the smallest country in the world. It had a population of 764 as of 2023.

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1. Vatican City -

The holy grail of Christianity, literally, Vatican City is the headquarters of the Roman Catholic Church. Religious or not, crowds gather all year round to explore the magnificent grounds, breathtaking art, and exquisite architecture.

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1. Vatican City -

At the helm is the pope, considered to be of the highest power, spiritually, culturally, and diplomatically. When the pope speaks, the world listens. 

This is why Vatican City is the smallest country in the world with the biggest global influence.

Sources: (Geography Pin) (Yahoo Finance) (US News) (Qrius)

See also: Countries with the highest quality of life in the world

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