Bahamas, The (2008) | Monaco (2006) | |
Administrative divisions | 21 districts; Acklins and Crooked Islands, Bimini, Cat Island, Exuma, Freeport, Fresh Creek, Governor's Harbour, Green Turtle Cay, Harbour Island, High Rock, Inagua, Kemps Bay, Long Island, Marsh Harbour, Mayaguana, New Providence, Nichollstown and Berry Islands, Ragged Island, Rock Sound, Sandy Point, San Salvador and Rum Cay | none; there are no first-order administrative divisions as defined by the US Government, but there are four quarters (quartiers, singular - quartier); Fontvieille, La Condamine, Monaco-Ville, Monte-Carlo |
Age structure | 0-14 years: 27% (male 41,268/female 41,186)
15-64 years: 66.5% (male 99,961/female 103,230) 65 years and over: 6.5% (male 8,176/female 11,834) (2007 est.) |
0-14 years: 15.2% (male 2,539/female 2,417)
15-64 years: 62.1% (male 9,959/female 10,266) 65 years and over: 22.6% (male 3,015/female 4,347) (2006 est.) |
Agriculture - products | citrus, vegetables; poultry | none |
Airports | 62 (2007) | - |
Airports - with paved runways | total: 24
over 3,047 m: 2 2,438 to 3,047 m: 3 1,524 to 2,437 m: 12 914 to 1,523 m: 7 (2007) |
- |
Airports - with unpaved runways | total: 38
1,524 to 2,437 m: 5 914 to 1,523 m: 11 under 914 m: 22 (2007) |
- |
Area | total: 13,940 sq km
land: 10,070 sq km water: 3,870 sq km |
total: 1.95 sq km
land: 1.95 sq km water: 0 sq km |
Area - comparative | slightly smaller than Connecticut | about three times the size of The Mall in Washington, DC |
Background | Lucayan Indians inhabited the islands when Christopher COLUMBUS first set foot in the New World on San Salvador in 1492. British settlement of the islands began in 1647; the islands became a colony in 1783. Since attaining independence from the UK in 1973, The Bahamas have prospered through tourism and international banking and investment management. Because of its geography, the country is a major transshipment point for illegal drugs, particularly shipments to the US and Europe, and its territory is used for smuggling illegal migrants into the US. | The Genoese built a fortress on the site of present-day Monaco in 1215. The current ruling Grimaldi family secured control in the late 13th century, and a principality was established in 1338. Economic development was spurred in the late 19th century with a railroad linkup to France and the opening of a casino. Since then, the principality's mild climate, splendid scenery, and gambling facilities have made Monaco world famous as a tourist and recreation center. |
Birth rate | 17.3 births/1,000 population (2007 est.) | 9.19 births/1,000 population (2006 est.) |
Budget | revenues: $1.03 billion
expenditures: $1.03 billion (FY04/05) |
revenues: $719.2 million
expenditures: $864.1 million; including capital expenditures of $283.1 million (2004) |
Capital | name: Nassau
geographic coordinates: 25 05 N, 77 21 W time difference: UTC-5 (same time as Washington, DC during Standard Time) daylight saving time: +1hr, begins second Sunday in March; ends first Sunday in November |
name: Monaco
geographic coordinates: 43 44 N, 7 25 E time difference: UTC+1 (6 hours ahead of Washington, DC during Standard Time) daylight saving time: +1hr, begins last Sunday in March; ends last Sunday in October |
Climate | tropical marine; moderated by warm waters of Gulf Stream | Mediterranean with mild, wet winters and hot, dry summers |
Coastline | 3,542 km | 4.1 km |
Constitution | 10 July 1973 | 17 December 1962 |
Country name | conventional long form: Commonwealth of The Bahamas
conventional short form: The Bahamas |
conventional long form: Principality of Monaco
conventional short form: Monaco local long form: Principaute de Monaco local short form: Monaco |
Death rate | 9.13 deaths/1,000 population (2007 est.) | 12.91 deaths/1,000 population (2006 est.) |
Debt - external | $342.6 million (2004 est.) | $18 billion (2000 est.) |
Diplomatic representation from the US | chief of mission: Ambassador Ned L. SIEGEL
embassy: 42 Queen Street, Nassau mailing address: local or express mail address: P. O. Box N-8197, Nassau; US Department of State, 3370 Nassau Place, Washington, DC 20521-3370 telephone: [1] (242) 322-1181, 356-3229 (after hours) FAX: [1] (242) 356-0222 |
the US does not have an embassy in Monaco; the US Consul General in Marseille (France) under the authority of the US ambassador to France is accredited to Monaco |
Diplomatic representation in the US | chief of mission: Ambassador Cornelius A. SMITH
chancery: 2220 Massachusetts Avenue NW, Washington, DC 20008 telephone: [1] (202) 319-2660 FAX: [1] (202) 319-2668 consulate(s) general: Miami, New York |
Monaco does not have an embassy in the US
consulate(s) general: New York |
Disputes - international | disagrees with the US on the alignment of a potential maritime boundary; continues to monitor and interdict drug dealers and Haitian refugees in Bahamian waters | none |
Economic aid - recipient | $4.78 million (2004) | $NA |
Economy - overview | The Bahamas is one of the wealthiest Caribbean countries with an economy heavily dependent on tourism and offshore banking. Tourism together with tourism-driven construction and manufacturing accounts for approximately 60% of GDP and directly or indirectly employs half of the archipelago's labor force. Steady growth in tourism receipts and a boom in construction of new hotels, resorts, and residences had led to solid GDP growth in recent years, but tourist arrivals have been on the decline since 2006. Financial services constitute the second-most important sector of the Bahamian economy and, when combined with business services, account for about 36% of GDP. However, since December 2000, when the government enacted new regulations on the financial sector, many international businesses have left The Bahamas. Manufacturing and agriculture combined contribute approximately a tenth of GDP and show little growth, despite government incentives aimed at those sectors. Overall growth prospects in the short run rest heavily on the fortunes of the tourism sector. Tourism, in turn, depends on growth in the US, the source of more than 80% of the visitors. | Monaco, bordering France on the Mediterranean coast, is a popular resort, attracting tourists to its casino and pleasant climate. In 2001, a major construction project extended the pier used by cruise ships in the main harbor. The principality has successfully sought to diversify into services and small, high-value-added, nonpolluting industries. The state has no income tax and low business taxes and thrives as a tax haven both for individuals who have established residence and for foreign companies that have set up businesses and offices. The state retains monopolies in a number of sectors, including tobacco, the telephone network, and the postal service. Living standards are high, roughly comparable to those in prosperous French metropolitan areas. |
Electricity - consumption | 1.762 billion kWh (2005) | NA kWh |
Electricity - exports | 0 kWh (2005) | - |
Electricity - imports | 0 kWh (2005) | NA kWh; note - electricity supplied by France |
Electricity - production | 1.894 billion kWh (2005) | - |
Elevation extremes | lowest point: Atlantic Ocean 0 m
highest point: Mount Alvernia, on Cat Island 63 m |
lowest point: Mediterranean Sea 0 m
highest point: Mont Agel 140 m |
Environment - current issues | coral reef decay; solid waste disposal | NA |
Environment - international agreements | party to: Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Desertification, Endangered Species, Hazardous Wastes, Law of the Sea, Ozone Layer Protection, Ship Pollution, Wetlands
signed, but not ratified: none of the selected agreements |
party to: Air Pollution, Air Pollution-Volatile Organic Compounds, Biodiversity, Climate Change, Desertification, Endangered Species, Hazardous Wastes, Law of the Sea, Marine Dumping, Ozone Layer Protection, Ship Pollution, Wetlands, Whaling
signed, but not ratified: Climate Change-Kyoto Protocol |
Ethnic groups | black 85%, white 12%, Asian and Hispanic 3% | French 47%, Monegasque 16%, Italian 16%, other 21% |
Exchange rates | Bahamian dollars per US dollar - 1 (2007), 1 (2006), 1 (2005), 1 (2004), 1 (2003) | euros per US dollar - 0.8041 (2005), 0.8054 (2004), 0.886 (2003), 1.0626 (2002), 1.1175 (2001) |
Executive branch | chief of state: Queen ELIZABETH II (since 6 February 1952); represented by Governor General Arthur D. HANNA (since 1 February 2006)
head of government: Prime Minister Hubert A. INGRAHAM (since 4 May 2007) cabinet: Cabinet appointed by the governor general on the prime minister's recommendation elections: none; the monarch is hereditary; governor general appointed by the monarch; following legislative elections, the leader of the majority party or the leader of the majority coalition is usually appointed prime minister by the governor general; the prime minister recommends the deputy prime minister |
chief of state: Prince ALBERT II (since 6 April 2005)
head of government: Minister of State Jean-Paul PROUST (since 1 June 2005) cabinet: Council of Government is under the authority of the monarch elections: none; the monarchy is hereditary; minister of state appointed by the monarch from a list of three French national candidates presented by the French Government |
Exports | transshipments of 41,290 bbl/day (2004) | $656.5 million $NA
note: full customs integration with France, which collects and rebates Monegasque trade duties; also participates in EU market system through customs union with France |
Exports - commodities | mineral products and salt, animal products, rum, chemicals, fruit and vegetables | - |
Exports - partners | Spain 22.3%, US 19.8%, Poland 13.5%, Germany 13%, UK 5.7%, Guatemala 4.9% (2006) | - |
Fiscal year | 1 July - 30 June | calendar year |
Flag description | three equal horizontal bands of aquamarine (top), gold, and aquamarine, with a black equilateral triangle based on the hoist side | two equal horizontal bands of red (top) and white; similar to the flag of Indonesia which is longer and the flag of Poland which is white (top) and red |
GDP - composition by sector | agriculture: 3%
industry: 7% services: 90% (2001 est.) |
agriculture: 17%
industry: NA% services: NA% |
GDP - real growth rate | 2.8% (2007 est.) | 0.9% (2000 est.) |
Geographic coordinates | 24 15 N, 76 00 W | 43 44 N, 7 24 E |
Geography - note | strategic location adjacent to US and Cuba; extensive island chain of which 30 are inhabited | second-smallest independent state in the world (after Holy See); almost entirely urban |
Heliports | 1 (2007) | 1 (2006) |
Household income or consumption by percentage share | lowest 10%: NA%
highest 10%: 27% (2000) |
lowest 10%: NA%
highest 10%: NA% |
Illicit drugs | transshipment point for cocaine and marijuana bound for US and Europe; offshore financial center | - |
Imports | 68,250 bbl/day (2004) | $636.6 million $NA
note: full customs integration with France, which collects and rebates Monegasque trade duties; also participates in EU market system through customs union with France |
Imports - commodities | machinery and transport equipment, manufactures, chemicals, mineral fuels; food and live animals | - |
Imports - partners | US 24.7%, Brazil 15.7%, Japan 13.1%, South Korea 7.8%, Spain 6.2% (2006) | - |
Independence | 10 July 1973 (from UK) | 1419 (beginning of the rule by the House of Grimaldi) |
Industrial production growth rate | NA% | NA% |
Industries | tourism, banking, cement, oil transshipment, salt, rum, aragonite, pharmaceuticals, spiral-welded steel pipe | tourism, construction, small-scale industrial and consumer products |
Infant mortality rate | total: 24.17 deaths/1,000 live births
male: 29.58 deaths/1,000 live births female: 18.65 deaths/1,000 live births (2007 est.) |
total: 5.35 deaths/1,000 live births
male: 6.19 deaths/1,000 live births female: 4.46 deaths/1,000 live births (2006 est.) |
Inflation rate (consumer prices) | 2.4% (2007 est.) | 1.9% (2000) |
International organization participation | ACP, C, Caricom, CDB, FAO, G-77, IADB, IBRD, ICAO, ICCt (signatory), ICFTU, ICRM, IDA, IFC, IFRCS, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, ITSO, ITU, LAES, MIGA, NAM, OAS, OPANAL, OPCW (signatory), UN, UNCTAD, UNESCO, UNIDO, UNWTO, UPU, WCO, WHO, WIPO, WMO, WTO (observer) | ACCT, CE, FAO, IAEA, ICAO, ICC, ICCt (signatory), ICRM, IFRCS, IHO, IMO, Interpol, IOC, IPU, ITU, OIF, OPCW, OSCE, UN, UNCTAD, UNESCO, UNIDO, UNITAR, UPU, WHO, WIPO, WMO, WToO |
Irrigated land | 10 sq km (2003) | NA |
Judicial branch | Privy Council (London); Courts of Appeal; Supreme (lower) Court; magistrates courts | Supreme Court or Tribunal Supreme (judges appointed by the monarch on the basis of nominations by the National Council) |
Labor force | 181,900 (2006) | 41,110
note: includes workers from all foreign countries (2004) |
Labor force - by occupation | agriculture 5%, industry 5%, tourism 50%, other services 40% (2005 est.) | - |
Land boundaries | 0 km | total: 4.4 km
border countries: France 4.4 km |
Land use | arable land: 0.58%
permanent crops: 0.29% other: 99.13% (2005) |
arable land: 0%
permanent crops: 0% other: 100% (urban area) (2005) |
Languages | English (official), Creole (among Haitian immigrants) | French (official), English, Italian, Monegasque |
Legal system | based on English common law | based on French law; has not accepted compulsory ICJ jurisdiction |
Legislative branch | bicameral Parliament consists of the Senate (16 seats; members appointed by the governor general upon the advice of the prime minister and the opposition leader to serve five-year terms) and the House of Assembly (41 seats; members elected by direct popular vote to serve five-year terms); the government may dissolve the Parliament and call elections at any time
elections: last held 2 May 2007 (next to be called by May 2012) election results: percent of vote by party - FNM 49.86%, PLP 47.02%; seats by party - FNM 23, PLP 18 |
unicameral National Council or Conseil National (24 seats; 16 members elected by list majority system, 8 by proportional representation; to serve five-year terms)
elections: last held 9 February 2003 (next to be held February 2008) election results: percent of vote by party - NA%; seats by party - UNAM 21, UND 3 |
Life expectancy at birth | total population: 65.66 years
male: 62.37 years female: 69.02 years (2007 est.) |
total population: 79.69 years
male: 75.85 years female: 83.74 years (2006 est.) |
Literacy | definition: age 15 and over can read and write
total population: 95.6% male: 94.7% female: 96.5% (2003 est.) |
definition: age 15 and over can read and write
total population: 99% male: 99% female: 99% (2003 est.) |
Location | Caribbean, chain of islands in the North Atlantic Ocean, southeast of Florida, northeast of Cuba | Western Europe, bordering the Mediterranean Sea on the southern coast of France, near the border with Italy |
Map references | Central America and the Caribbean | Europe |
Maritime claims | territorial sea: 12 nm
exclusive economic zone: 200 nm |
territorial sea: 12 nm |
Merchant marine | total: 1,213 ships (1000 GRT or over) 40,403,455 GRT/54,276,183 DWT
by type: barge carrier 1, bulk carrier 225, cargo 240, chemical tanker 84, combination ore/oil 13, container 72, liquefied gas 49, livestock carrier 2, passenger 117, passenger/cargo 34, petroleum tanker 196, refrigerated cargo 118, roll on/roll off 18, specialized tanker 4, specialized tanker 1, vehicle carrier 39 foreign-owned: 1,134 (Angola 6, Australia 3, Belgium 15, Bermuda 12, Brazil 1, Canada 13, China 9, Croatia 1, Cuba 1, Cyprus 20, Denmark 66, Finland 8, France 43, Germany 40, Greece 214, Hong Kong 3, Iceland 1, Indonesia 3, Ireland 2, Italy 1, Japan 62, Jordan 2, Kenya 1, Malaysia 11, Monaco 11, Montenegro 2, Netherlands 24, Nigeria 2, Norway 232, Philippines 1, Poland 15, Russia 5, Saudi Arabia 15, Singapore 9, Slovenia 1, South Africa 1, Spain 11, Sweden 5, Switzerland 2, Taiwan 1, Thailand 1, Trinidad and Tobago 1, Turkey 5, UAE 20, UK 68, US 162, Uruguay 1, Venezuela 1) registered in other countries: 3 (Barbados 1, Panama 2) (2007) |
registered in other countries: 77 (Bahamas 17, Barbados 1, Bermuda 2, France 1, Georgia 13, Isle of Man 3, Liberia 10, Malta 1, Marshall Islands 8, Norway 4, Panama 9, Saint Kitts and Nevis 1, Saint Vincent and the Grenadines 4, Switzerland 2, unknown 1) (2006) |
Military - note | - | defense is the responsibility of France; the Palace Guard performs ceremonial duties (2003) |
Military branches | Royal Bahamian Defense Force: Land Force, Navy, Air Wing (2007) | - |
Military expenditures - percent of GDP | 0.5% (2006) | - |
National holiday | Independence Day, 10 July (1973) | National Day (Prince of Monaco Holiday), 19 November |
Nationality | noun: Bahamian(s)
adjective: Bahamian |
noun: Monegasque(s) or Monacan(s)
adjective: Monegasque or Monacan |
Natural hazards | hurricanes and other tropical storms cause extensive flood and wind damage | NA |
Natural resources | salt, aragonite, timber, arable land | none |
Net migration rate | -2.15 migrant(s)/1,000 population (2007 est.) | 7.68 migrant(s)/1,000 population (2006 est.) |
Political parties and leaders | Free National Movement or FNM [Hubert INGRAHAM]; Progressive Liberal Party or PLP [Perry CHRISTIE] | National and Democratic Union or UND [Guy MAGNAN]; Union for Monaco or UPM (including National Union for the Future of Monaco or UNAM) |
Political pressure groups and leaders | NA | NA |
Population | 305,655
note: estimates for this country explicitly take into account the effects of excess mortality due to AIDS; this can result in lower life expectancy, higher infant mortality and death rates, lower population and growth rates, and changes in the distribution of population by age and sex than would otherwise be expected (July 2007 est.) |
32,543 (July 2006 est.) |
Population below poverty line | 9.3% (2004) | NA% |
Population growth rate | 0.602% (2007 est.) | 0.4% (2006 est.) |
Radio broadcast stations | AM 3, FM 5, shortwave 0 (2006) | AM 1, FM NA, shortwave 8 (1998) |
Religions | Baptist 35.4%, Anglican 15.1%, Roman Catholic 13.5%, Pentecostal 8.1%, Church of God 4.8%, Methodist 4.2%, other Christian 15.2%, none or unspecified 2.9%, other 0.8% (2000 census) | Roman Catholic 90% |
Sex ratio | at birth: 1.02 male(s)/female
under 15 years: 1.002 male(s)/female 15-64 years: 0.968 male(s)/female 65 years and over: 0.691 male(s)/female total population: 0.956 male(s)/female (2007 est.) |
at birth: 1.05 male(s)/female
under 15 years: 1.05 male(s)/female 15-64 years: 0.97 male(s)/female 65 years and over: 0.69 male(s)/female total population: 0.91 male(s)/female (2006 est.) |
Suffrage | 18 years of age; universal | 18 years of age; universal |
Telephone system | general assessment: modern facilities
domestic: totally automatic system; highly developed; the Bahamas Domestic Submarine Network links 14 of the islands and is designed to satisfy increasing demand for voice and broadband internet services international: country code - 1-242; landing point for the Americas Region Caribbean Ring System (ARCOS-1) fiber-optic submarine cable that provides links to South and Central America, parts of the Caribbean, and the US; satellite earth station - 2 (2007) |
general assessment: modern automatic telephone system
domestic: NA international: country code - 377; no satellite earth stations; connected by cable into the French communications system |
Telephones - main lines in use | 133,100 (2005) | 33,700 (2002) |
Telephones - mobile cellular | 227,800 (2005) | 19,300 (2002) |
Television broadcast stations | 2 (2006) | 5 (1998) |
Terrain | long, flat coral formations with some low rounded hills | hilly, rugged, rocky |
Total fertility rate | 2.15 children born/woman (2007 est.) | 1.76 children born/woman (2006 est.) |
Unemployment rate | 7.6% (2006 est.) | 22% (1999) |