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Compare Monaco (2003) - Bahamas, The (2004)
Compare Monaco (2003) z Bahamas, The (2004)
| Monaco (2003) | Bahamas, The (2004) | |
 |  | |
| Administrative divisions | 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 | 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 |
| Age structure | 0-14 years: 15.5% (male 2,551; female 2,445)
15-64 years: 62.1% (male 9,814; female 10,130) 65 years and over: 22.4% (male 2,937; female 4,253) (2003 est.) |
0-14 years: 28.3% (male 42,474; female 42,423)
15-64 years: 65.7% (male 96,825; female 99,985) 65 years and over: 6% (male 7,351; female 10,639) (2004 est.) |
| Agriculture - products | none | citrus, vegetables; poultry |
| Airports | none; linked to airport in Nice, France, by helicopter service (2002) | 63 (2003 est.) |
| Airports - with paved runways | - | total: 29
over 3,047 m: 2 2,438 to 3,047 m: 3 1,524 to 2,437 m: 14 914 to 1,523 m: 9 under 914 m: 1 (2004 est.) |
| Airports - with unpaved runways | - | total: 34
1,524 to 2,437 m: 3 914 to 1,523 m: 10 under 914 m: 21 (2004 est.) |
| Area | total: 1.95 sq km
land: 1.95 sq km water: 0 sq km |
total: 13,940 sq km
land: 10,070 sq km water: 3,870 sq km |
| Area - comparative | about three times the size of The Mall in Washington, DC | slightly smaller than Connecticut |
| Background | 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. | Arawak 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 its territory is used for smuggling illegal migrants into the US. |
| Birth rate | 9.46 births/1,000 population (2003 est.) | 18.22 births/1,000 population (2004 est.) |
| Budget | revenues: $518 million
expenditures: $531 million, including capital expenditures of $NA (1995) |
revenues: $918.5 million
expenditures: $956.5 million, including capital expenditures of $106.7 million (FY99/00) |
| Capital | Monaco | Nassau |
| Climate | Mediterranean with mild, wet winters and hot, dry summers | tropical marine; moderated by warm waters of Gulf Stream |
| Coastline | 4.1 km | 3,542 km |
| Constitution | 17 December 1962 | 10 July 1973 |
| Country name | conventional long form: Principality of Monaco
conventional short form: Monaco local long form: Principaute de Monaco local short form: Monaco |
conventional long form: Commonwealth of The Bahamas
conventional short form: The Bahamas |
| Currency | euro (EUR) | Bahamian dollar (BSD) |
| Death rate | 12.82 deaths/1,000 population (2003 est.) | 8.82 deaths/1,000 population (2004 est.) |
| Debt - external | $NA | $308.5 million (2002) |
| Diplomatic representation from the US | the US does not have an embassy in Monaco; the US Consul General in Marseille (France) is accredited to Monaco | chief of mission: Ambassador John D. ROOD
embassy: 42 Queen Street, Nassau mailing address: local or express mail address: P. O. Box N-8197, Nassau; Department of State, 3370 Nassau Place, Washington, DC 20521-3370 telephone: [1] (242) 322-1181, 328-2206 (after hours) FAX: [1] (242) 356-0222 |
| Diplomatic representation in the US | Monaco does not have an embassy in the US
consulate(s) general: New York |
chief of mission: Ambassador Joshua SEARS
chancery: 2220 Massachusetts Avenue NW, Washington, DC 20008 telephone: [1] (202) 319-2660 FAX: [1] (202) 319-2668 consulate(s) general: Miami and New York |
| Disputes - international | none | concerned about migrants fleeing Haiti's deteriorated economic and political conditions |
| Economic aid - recipient | $NA | $9.8 million (1995) |
| Economy - overview | Monaco, situated on the French Mediterranean coast, is a popular resort, attracting tourists to its casino and pleasant climate. In 2001, a major new construction project will extend 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. Monaco does not publish national income figures; the estimates below are extremely rough. | The Bahamas is a stable, developing nation with an economy heavily dependent on tourism and offshore banking. Tourism alone accounts for more than 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 the slowdown in the US economy and the attacks of 11 September 2001 held back growth in these sectors in 2001-03. Financial services constitute the second-most important sector of the Bahamian economy, accounting for about 15% 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 together 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, which depends on growth in the US, the source of more than 80% of the visitors. In addition to tourism and banking, the government supports the development of a "third pillar," e-commerce. |
| Electricity - consumption | NA kWh | 1.451 billion kWh (2001) |
| Electricity - exports | - | 0 kWh (2001) |
| Electricity - imports | NA kWh
note: electricity supplied by France |
0 kWh (2001) |
| Electricity - production | - | 1.56 billion kWh (2001) |
| Elevation extremes | lowest point: Mediterranean Sea 0 m
highest point: Mont Agel 140 m |
lowest point: Atlantic Ocean 0 m
highest point: Mount Alvernia, on Cat Island 63 m |
| Environment - current issues | NA | coral reef decay; solid waste disposal |
| Environment - international 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 |
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 |
| Ethnic groups | French 47%, Monegasque 16%, Italian 16%, other 21% | black 85%, white 12%, Asian and Hispanic 3% |
| Exchange rates | euros per US dollar - 1.06 1.0626 (2002), 1.1175 (2001), 1.0854 (2000), 0.9386 (1999); French francs per US dollar - 5.8995 (1998) | Bahamian dollars per US dollar - 1 (2003), 1 (2002), 1 (2001), 1 (2000), 1 (1999) |
| Executive branch | chief of state: Prince RAINIER III (since 9 May 1949); Heir Apparent Prince ALBERT Alexandre Louis Pierre, son of the monarch (born 14 March 1958)
head of government: Minister of State Patrick LECLERCQ (since 5 January 2000) 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 |
chief of state: Queen ELIZABETH II (since 6 February 1952), represented by Governor General Dame Ivy DUMONT (since NA May 2002)
head of government: Prime Minister Perry CHRISTIE (since 3 May 2002) and Deputy Prime Minister Cynthia PRATT (since 7 May 2002) 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 |
| Exports | $NA; full customs integration with France, which collects and rebates Monegasque trade duties; also participates in EU market system through customs union with France | NA (2001) |
| Exports - commodities | - | fish and crawfish; rum, salt, chemicals; fruit and vegetables |
| Exports - partners | - | US 35%, Spain 9.6%, Germany 7.8%, France 7.6%, Poland 5.3%, Switzerland 4.8%, Peru 4.2%, Paraguay 4.2% (2003) |
| Fiscal year | calendar year | 1 July - 30 June |
| Flag description | 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 | three equal horizontal bands of aquamarine (top), gold, and aquamarine, with a black equilateral triangle based on the hoist side |
| GDP | purchasing power parity - $870 million (1999 est.) | purchasing power parity - $5.049 billion (2003 est.) |
| GDP - composition by sector | agriculture: NA%
industry: NA% services: NA% |
agriculture: 3%
industry: 7% services: 90% (2001 est.) |
| GDP - per capita | purchasing power parity - $27,000 (1999 est.) | purchasing power parity - $16,700 (2003 est.) |
| GDP - real growth rate | NA% | 0% (2003 est.) |
| Geographic coordinates | 43 44 N, 7 24 E | 24 15 N, 76 00 W |
| Geography - note | second-smallest independent state in the world (after Holy See); almost entirely urban | strategic location adjacent to US and Cuba; extensive island chain of which 30 are inhabited |
| Heliports | 1 (shuttle service between the international airport at Nice, France, and Monaco's heliport at Fontvieille) (2002) | 1 (2003 est.) |
| Highways | total: 50 km
paved: 50 km unpaved: 0 km (1999 est.) |
total: 2,693 km
paved: 1,546 km unpaved: 1,147 km (1999 est.) |
| Household income or consumption by percentage share | lowest 10%: NA%
highest 10%: NA% |
lowest 10%: NA
highest 10%: NA |
| Illicit drugs | - | transshipment point for cocaine and marijuana bound for US and Europe; offshore financial center |
| Imports | $NA; full customs integration with France, which collects and rebates Monegasque trade duties; also participates in EU market system through customs union with France | NA (2001) |
| Imports - commodities | - | machinery and transport equipment, manufactures, chemicals, mineral fuels; food and live animals |
| Imports - partners | - | US 20.8%, South Korea 17.4%, Italy 11.4%, France 9.1%, Brazil 7.5%, Japan 5.6%, Venezuela 5.3% (2003) |
| Independence | 1419 (beginning of the rule by the House of Grimaldi) | 10 July 1973 (from UK) |
| Industrial production growth rate | NA% | NA (2002 est.) |
| Industries | tourism, construction, small-scale industrial and consumer products | tourism, banking, e-commerce, cement, oil refining and transshipment, salt, rum, aragonite, pharmaceuticals, spiral-welded steel pipe |
| Infant mortality rate | total: 5.63 deaths/1,000 live births
male: 6.52 deaths/1,000 live births female: 4.69 deaths/1,000 live births (2003 est.) |
total: 25.7 deaths/1,000 live births
male: 31.73 deaths/1,000 live births female: 19.55 deaths/1,000 live births (2004 est.) |
| Inflation rate (consumer prices) | NA% | 1.7% (2002 est.) |
| International organization participation | ACCT, ECE, FAO, IAEA, ICAO, ICC, ICCt (signatory), ICRM, IFRCS, IHO, IMO, Interpol, IOC, ITU, OPCW, OSCE, UN, UNCTAD, UNESCO, UNITAR, UPU, WHO, WIPO, WMO, WToO | ACP, C, Caricom, CDB, FAO, G-77, IADB, IBRD, ICAO, ICCt (signatory), ICFTU, ICRM, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOM, IOC, ITU, LAES, MIGA, NAM, OAS, OPANAL, OPCW (signatory), UN, UNCTAD, UNESCO, UNIDO, UPU, WCO, WHO, WIPO, WMO, WTO (observer) |
| Internet Service Providers (ISPs) | 2 (2000) | - |
| Irrigated land | NA sq km | NA sq km |
| Judicial branch | Supreme Court or Tribunal Supreme (judges appointed by the monarch on the basis of nominations by the National Council) | Supreme Court; Court of Appeal; magistrates courts |
| Labor force | 30,540 (January 1994) | 156,000 (1999) |
| Labor force - by occupation | - | agriculture 5%, industry 5%, tourism 50%, other services 40% (1999 est.) |
| Land boundaries | total: 4.4 km
border countries: France 4.4 km |
0 km |
| Land use | arable land: 0%
permanent crops: 0% other: 100% (urban area) (1998 est.) |
arable land: 0.8%
permanent crops: 0.4% other: 98.8% (2001) |
| Languages | French (official), English, Italian, Monegasque | English (official), Creole (among Haitian immigrants) |
| Legal system | based on French law; has not accepted compulsory ICJ jurisdiction | based on English common law |
| Legislative branch | 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 NA February 2008) election results: percent of vote by party - NA%; seats by party - UNAM 21, UND 3 |
bicameral Parliament consists of the Senate (16-member body appointed by the governor general upon the advice of the prime minister and the opposition leader for five-year terms) and the House of Assembly (40 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 1 May 2002 (next to be held by May 2007) election results: percent of vote by party - PLP 50.8%, FNM 41.1%, independents 5.2%; seats by party - PLP 29, FNM 7, independents 4 |
| Life expectancy at birth | total population: 79.27 years
male: 75.37 years female: 83.37 years (2003 est.) |
total population: 65.63 years
male: 62.21 years female: 69.11 years (2004 est.) |
| Literacy | definition: NA
total population: 99% male: NA% female: NA% |
definition: age 15 and over can read and write
total population: 95.6% male: 94.7% female: 96.5% (2003 est.) |
| Location | Western Europe, bordering the Mediterranean Sea on the southern coast of France, near the border with Italy | Caribbean, chain of islands in the North Atlantic Ocean, southeast of Florida, northeast of Cuba |
| Map references | Europe | Central America and the Caribbean |
| Maritime claims | territorial sea: 12 NM | territorial sea: 12 nm
exclusive economic zone: 200 nm |
| Merchant marine | none (2002 est.) | total: 1,035 ships (1,000 GRT or over) 31,631,252 GRT/43,025,977 DWT
by type: bulk 165, cargo 188, chemical tanker 45, combination bulk 10, combination ore/oil 17, container 97, liquefied gas 27, livestock carrier 2, multi-functional large load carrier 4, passenger 108, passenger/cargo 1, petroleum tanker 163, refrigerated cargo 133, roll on/roll off 34, short-sea/passenger 18, specialized tanker 3, vehicle carrier 20 foreign-owned: Algeria 1, Australia 7, Belgium 14, Bermuda 1, Canada 4, Chile 1, China 4, Croatia 1, Cuba 3, Cyprus 14, Denmark 49, Estonia 1, Faroe Islands 1, Finland 9, France 21, Germany 13, Gibraltar 1, Greece 163, Hong Kong 9, India 1, Indonesia 3, Ireland 1, Israel 3, Italy 7, Japan 35, Kenya 2, South Korea 1, Latvia 1, Liberia 1, Malaysia 11, Malta 1, Monaco 68, Netherlands 29, New Zealand 1, Norway 231, Panama 2, Philippines 3, Poland 14, Reunion 1, Russia 1, Saudi Arabia 9, Singapore 13, Slovenia 1, Spain 6, Sweden 9, Switzerland 1, Thailand 1, Trinidad and Tobago 2 registered in other countries: 11 (2004 est.) |
| Military - note | defense is the responsibility of France | - |
| Military branches | - | Royal Bahamas Defense Force (including Coast Guard) |
| Military expenditures - dollar figure | - | NA |
| Military expenditures - percent of GDP | - | NA |
| National holiday | National Day (Prince of Monaco Holiday), 19 November | Independence Day, 10 July (1973) |
| Nationality | noun: Monegasque(s) or Monacan(s)
adjective: Monegasque or Monacan |
noun: Bahamian(s)
adjective: Bahamian |
| Natural hazards | NA | hurricanes and other tropical storms cause extensive flood and wind damage |
| Natural resources | none | salt, aragonite, timber, arable land |
| Net migration rate | 7.78 migrant(s)/1,000 population (2003 est.) | -2.2 migrant(s)/1,000 population (2004 est.) |
| Political parties and leaders | National and Democratic Union or UND [Jean-Louis CAMPORA]; Union for Monaco or UPM (including National Union for the Future of Monaco or UNAM [leader NA] | Free National Movement or FNM [Tommy TURNQUEST]; Progressive Liberal Party or PLP [Perry CHRISTIE] |
| Political pressure groups and leaders | NA | NA |
| Population | 32,130 (July 2003 est.) | 299,697
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 2004 est.) |
| Population below poverty line | NA% | NA |
| Population growth rate | 0.44% (2003 est.) | 0.72% (2004 est.) |
| Ports and harbors | Monaco | Freeport, Matthew Town, Nassau |
| Radio broadcast stations | AM 1, FM NA, shortwave 8 (1998) | AM 3, FM 5, shortwave 0 (2004) |
| Railways | total: 1.7 km
standard gauge: 1.7 km 1.435-m gauge (2002) |
- |
| Religions | Roman Catholic 90% | Baptist 32%, Anglican 20%, Roman Catholic 19%, Methodist 6%, Church of God 6%, other Protestant 12%, none or unknown 3%, other 2% |
| Sex ratio | at birth: 1.05 male(s)/female
under 15 years: 1.04 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 (2003 est.) |
at birth: 1.02 male(s)/female
under 15 years: 1 male(s)/female 15-64 years: 0.97 male(s)/female 65 years and over: 0.69 male(s)/female total population: 0.96 male(s)/female (2004 est.) |
| Suffrage | 21 years of age; universal | 18 years of age; universal |
| Telephone system | general assessment: modern automatic telephone system
domestic: NA international: no satellite earth stations; connected by cable into the French communications system |
general assessment: modern facilities
domestic: totally automatic system; highly developed international: country code - 1-242; tropospheric scatter and submarine cable to Florida; 3 coaxial submarine cables; satellite earth station - 1 Intelsat (Atlantic Ocean) (1997) |
| Telephones - main lines in use | 31,027 (1995) | 131,700 (2003) |
| Telephones - mobile cellular | NA | 121,800 (2002) |
| Television broadcast stations | 5 (1998) | 2 (2004) |
| Terrain | hilly, rugged, rocky | long, flat coral formations with some low rounded hills |
| Total fertility rate | 1.76 children born/woman (2003 est.) | 2.23 children born/woman (2004 est.) |
| Unemployment rate | 3.1% (1998) | 6.9% (2001 est.) |
| Waterways | none | - |
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