Monaco (2004) | Monaco (2002) | |
Age structure | 0-14 years: 15.5% (male 2,554; female 2,453)
15-64 years: 62.1% (male 9,860; female 10,165) 65 years and over: 22.4% (male 2,959; female 4,279) (2004 est.) |
0-14 years: 15.5% (male 2,545; female 2,418)
15-64 years: 62.1% (male 9,762; female 10,093) 65 years and over: 22.4% (male 2,922; female 4,247) (2002 est.) |
Airports | none; linked to the airport at Nice, France by helicopter service (2003) (2003 est.) | none; linked to airport in Nice, France, by helicopter service (2001) |
Birth rate | 9.36 births/1,000 population (2004 est.) | 9.6 births/1,000 population (2002 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) | euro (EUR); French franc (FRF) |
Death rate | 12.74 deaths/1,000 population (2004 est.) | 12.91 deaths/1,000 population (2002 est.) |
Debt - external | NA (2000 est.) | $NA |
Economic aid - recipient | NA | $NA |
Economy - overview | 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. | 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. |
Electricity - imports | NA kWh
note: electricity supplied by France |
NA kWh
note: electricity supplied by France (1999) |
Exchange rates | euros per US dollar - 0.8860 (2003), 1.0626 (2002), 1.1175 (2001), 1.0854 (2000), 0.9386 (1999) | euros per US dollar - 1.1324 (January 2002), 1.1175 (2001), 1.0854 (2000), 0.9386 (1999); French francs per US dollar - 5.8995 (1998), 5.8367 (1997) |
GDP - composition by sector | agriculture: NA
industry: NA services: NA (2001 est.) |
agriculture: NA%
industry: NA% services: NA% |
GDP - real growth rate | NA (2000 est.) | NA% |
Geography - note | second-smallest independent state in the world (after Holy See); almost entirely urban | second smallest independent state in the world (after Holy See); almost entirely urban |
Heliports | 1 (shuttle service between the international airport at Nice, France, and Monaco's heliport at Fontvieille) (2003 est.) | 1 (shuttle service between the international airport at Nice, France, and Monaco's heliport at Fontvieille) (2002) |
Highways | total: 50 km
paved: 50 km unpaved: 0 km (1999 est.) |
total: 50 km
paved: 50 km unpaved: 0 km (2001) |
Household income or consumption by percentage share | lowest 10%: NA
highest 10%: NA |
lowest 10%: NA%
highest 10%: NA% |
Industrial production growth rate | NA | NA% |
Infant mortality rate | total: 5.53 deaths/1,000 live births
male: 6.4 deaths/1,000 live births female: 4.61 deaths/1,000 live births (2004 est.) |
5.73 deaths/1,000 live births (2002 est.) |
Inflation rate (consumer prices) | NA (2000) | NA% |
International organization participation | 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 | ACCT, ECE, FAO, IAEA, ICAO, ICC, ICRM, IFRCS, IHO, IMO, Interpol, IOC, ITU, OPCW, OSCE, UN, UNCTAD, UNESCO, UPU, WHO, WIPO, WMO, WToO |
Internet Service Providers (ISPs) | - | 2 (2000) |
Land use | arable land: 0%
permanent crops: 0% other: 100% (urban area) (2001) |
arable land: 0%
permanent crops: 0% other: 100% (urban area) (1998 est.) |
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 NA February 2008) election results: percent of vote by party - NA%; seats by party - UNAM 21, UND 3 |
Life expectancy at birth | total population: 79.42 years
male: 75.53 years female: 83.5 years (2004 est.) |
total population: 79.12 years
male: 75.21 years female: 83.25 years (2002 est.) |
Literacy | definition: NA
total population: 99% male: NA female: NA |
definition: NA
total population: 99% male: NA% female: NA% |
Maritime claims | territorial sea: 12 nm | territorial sea: 12 NM |
Merchant marine | none | none (2002 est.) |
Net migration rate | 7.75 migrant(s)/1,000 population (2004 est.) | 7.82 migrant(s)/1,000 population (2002 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] | Campora List [Anne-Maria CAMPORA]; Medecin List [Jean-Louis MEDECIN]; National and Democratic Union or UND [Jean-Louis CAMPORA]; National Union for the Future of Monaco or UNAM [leader NA]; Rally for the Monegasque Family or RFM [leader NA] |
Population | 32,270 (July 2004 est.) | 31,987 (July 2002 est.) |
Population below poverty line | NA | NA% |
Population growth rate | 0.44% (2004 est.) | 0.45% (2002 est.) |
Radios | - | 34,000 (1997) |
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 (2004 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 (2002 est.) |
Telephone 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 |
general assessment: modern automatic telephone system
domestic: NA international: no satellite earth stations; connected by cable into the French communications system |
Telephones - main lines in use | 33,700 (2002) | 31,027 (1995) |
Telephones - mobile cellular | 19,300 (2002) | NA |
Total fertility rate | 1.76 children born/woman (2004 est.) | 1.76 children born/woman (2002 est.) |
Waterways | - | none |