In a report just published, the Monegasque Institute of Statistics and Economic Studies (IMSEE) evaluated the economic impact of the €90 million Formula 1 Grand Prix in Monaco. Over the four days and on a territory of two square kilometres, the benefit to Monaco amounts to €21.7 million in direct expenditure and €68.3 million in indirect spending. Only visitors coming for the Grand Prix and during these four days (May 25 to 28 2017) are taken into account. These figures confirm that the Grand Prix Formula 1 is the most … Continue reading Grand Prix has €90m impact on economy, says report