It imports all its electricity, water and most of its goods and food. It manufactures very little, it grows very little food, it makes a few quid from tourism and a few quid from being a port in the middle of the Med (which may have been relevant in days of yore, when ships had to stock up every couple of weeks – heaven knows what relevance it is now, where a modern ship can cross the Med in a couple of days) and somehow by a miracle, their standard of living is just as high as anywhere else in Europe (plus they get the sunshine).

And, for the Nimby’s out there, it is the most densely populated country in Europe as well.