Monaco (2003) | Monaco (2005) | |
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: 15.5% (male 2,563/female 2,445)
15-64 years: 62.1% (male 9,909/female 10,217) 65 years and over: 22.4% (male 2,972/female 4,303) (2005 est.) |
Airports | none; linked to airport in Nice, France, by helicopter service (2002) | none; linked to the airport at Nice, France by helicopter service (2004 est.) |
Birth rate | 9.46 births/1,000 population (2003 est.) | 9.26 births/1,000 population (2005 est.) |
Budget | revenues: $518 million
expenditures: $531 million, including capital expenditures of $NA (1995) |
revenues: $518 million
expenditures: $531 million, including capital expenditures of NA (1995) |
Currency | euro (EUR) | - |
Death rate | 12.82 deaths/1,000 population (2003 est.) | 12.71 deaths/1,000 population (2005 est.) |
Debt - external | $NA | $18 billion (2000 est.) |
Economic aid - recipient | $NA | NA |
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. | 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. Monaco does not publish national income figures; the estimates below are extremely rough. |
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) | euros per US dollar - 0.8054 (2004), 0.886 (2003), 1.0626 (2002), 1.1175 (2001), 1.0854 (2000) |
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: 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 |
GDP | purchasing power parity - $870 million (1999 est.) | - |
GDP - composition by sector | agriculture: NA%
industry: NA% services: NA% |
agriculture: 17%
industry: NA% services: NA% (2001 est.) |
GDP - per capita | purchasing power parity - $27,000 (1999 est.) | purchasing power parity - $27,000 (2000 est.) |
GDP - real growth rate | NA% | 0.9% (2000 est.) |
Heliports | 1 (shuttle service between the international airport at Nice, France, and Monaco's heliport at Fontvieille) (2002) | 1 (shuttle service between the international airport at Nice, France, and Monaco's heliport at Fontvieille) (2004 est.) |
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: 5.43 deaths/1,000 live births
male: 6.29 deaths/1,000 live births female: 4.53 deaths/1,000 live births (2005 est.) |
Inflation rate (consumer prices) | NA% | 1.9% (2000) |
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 | ACCT, CE, FAO, IAEA, ICAO, ICC, ICCt (signatory), ICRM, IFRCS, IHO, IMO, Interpol, IOC, ITU, OPCW, OSCE, UN, UNCTAD, UNESCO, UNIDO, UNITAR, UPU, WHO, WIPO, WMO, WToO |
Internet Service Providers (ISPs) | 2 (2000) | - |
Land use | arable land: 0%
permanent crops: 0% other: 100% (urban area) (1998 est.) |
arable land: 0%
permanent crops: 0% other: 100% (urban area) (2001) |
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 |
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: 79.27 years
male: 75.37 years female: 83.37 years (2003 est.) |
total population: 79.57 years
male: 75.7 years female: 83.63 years (2005 est.) |
Maritime claims | territorial sea: 12 NM | territorial sea: 12 nm |
Merchant marine | none (2002 est.) | registered in other countries: 54 (2005) |
Military - note | defense is the responsibility of France | defense is the responsibility of France; the Palace Guard performs ceremonial duties (2003) |
Net migration rate | 7.78 migrant(s)/1,000 population (2003 est.) | 7.71 migrant(s)/1,000 population (2005 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] | 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] |
Population | 32,130 (July 2003 est.) | 32,409 (July 2005 est.) |
Population growth rate | 0.44% (2003 est.) | 0.43% (2005 est.) |
Railways | total: 1.7 km
standard gauge: 1.7 km 1.435-m gauge (2002) |
- |
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: 1.05 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 (2005 est.) |
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 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 | 31,027 (1995) | 33,700 (2002) |
Telephones - mobile cellular | NA | 19,300 (2002) |
Total fertility rate | 1.76 children born/woman (2003 est.) | 1.76 children born/woman (2005 est.) |
Unemployment rate | 3.1% (1998) | 22% (1999) |
Waterways | none | - |