Monaco (2004) | Monaco (2006) | |
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 | 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: 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: 15.2% (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 | none | none |
Airports | none; linked to the airport at Nice, France by helicopter service (2003) (2003 est.) | - |
Area | total: 1.95 sq km
land: 1.95 sq km water: 0 sq km |
total: 1.95 sq km
land: 1.95 sq km water: 0 sq km |
Area - comparative | about three times the size of The Mall in Washington, DC | about three times the size of The Mall in Washington, DC |
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. | 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 | 9.36 births/1,000 population (2004 est.) | 9.19 births/1,000 population (2006 est.) |
Budget | revenues: $518 million
expenditures: $531 million, including capital expenditures of NA (1995) |
revenues: $719.2 million
expenditures: $864.1 million; including capital expenditures of $283.1 million (2004) |
Capital | Monaco | 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 | Mediterranean with mild, wet winters and hot, dry summers | Mediterranean with mild, wet winters and hot, dry summers |
Coastline | 4.1 km | 4.1 km |
Constitution | 17 December 1962 | 17 December 1962 |
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: Principality of Monaco
conventional short form: Monaco local long form: Principaute de Monaco local short form: Monaco |
Currency | euro (EUR) | - |
Death rate | 12.74 deaths/1,000 population (2004 est.) | 12.91 deaths/1,000 population (2006 est.) |
Debt - external | NA (2000 est.) | $18 billion (2000 est.) |
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 | 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 | Monaco does not have an embassy in the US
consulate(s) general: New York |
Monaco does not have an embassy in the US
consulate(s) general: New York |
Disputes - international | none | none |
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, 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 | NA kWh | NA kWh |
Electricity - imports | NA kWh
note: electricity supplied by France |
NA kWh; note - electricity supplied by France |
Elevation extremes | lowest point: Mediterranean Sea 0 m
highest point: Mont Agel 140 m |
lowest point: Mediterranean Sea 0 m
highest point: Mont Agel 140 m |
Environment - current issues | NA | NA |
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: 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 | French 47%, Monegasque 16%, Italian 16%, other 21% | French 47%, Monegasque 16%, Italian 16%, other 21% |
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 - 0.8041 (2005), 0.8054 (2004), 0.886 (2003), 1.0626 (2002), 1.1175 (2001) |
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 |
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 | $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 |
Fiscal year | calendar year | calendar year |
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 | 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 | purchasing power parity - $870 million (1999 est.) | - |
GDP - composition by sector | agriculture: NA
industry: NA services: NA (2001 est.) |
agriculture: 17%
industry: NA% services: NA% |
GDP - per capita | purchasing power parity - $27,000 (1999 est.) | - |
GDP - real growth rate | NA (2000 est.) | 0.9% (2000 est.) |
Geographic coordinates | 43 44 N, 7 24 E | 43 44 N, 7 24 E |
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 (2006) |
Highways | total: 50 km
paved: 50 km unpaved: 0 km (1999 est.) |
- |
Household income or consumption by percentage share | lowest 10%: NA
highest 10%: NA |
lowest 10%: NA%
highest 10%: NA% |
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 | $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 |
Independence | 1419 (beginning of the rule by the House of Grimaldi) | 1419 (beginning of the rule by the House of Grimaldi) |
Industrial production growth rate | NA | NA% |
Industries | tourism, construction, small-scale industrial and consumer products | tourism, construction, small-scale industrial and consumer products |
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.) |
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) | NA (2000) | 1.9% (2000) |
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, 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 | NA sq km | NA |
Judicial branch | Supreme Court or Tribunal Supreme (judges appointed by the monarch on the basis of nominations by the National Council) | Supreme Court or Tribunal Supreme (judges appointed by the monarch on the basis of nominations by the National Council) |
Labor force | 30,540 (January 1994) | 41,110
note: includes workers from all foreign countries (2004) |
Land boundaries | total: 4.4 km
border countries: France 4.4 km |
total: 4.4 km
border countries: France 4.4 km |
Land use | arable land: 0%
permanent crops: 0% other: 100% (urban area) (2001) |
arable land: 0%
permanent crops: 0% other: 100% (urban area) (2005) |
Languages | French (official), English, Italian, Monegasque | French (official), English, Italian, Monegasque |
Legal system | based on French law; has not accepted compulsory ICJ jurisdiction | based on French law; has not accepted compulsory ICJ jurisdiction |
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: 79.42 years
male: 75.53 years female: 83.5 years (2004 est.) |
total population: 79.69 years
male: 75.85 years female: 83.74 years (2006 est.) |
Literacy | definition: NA
total population: 99% male: NA female: NA |
definition: age 15 and over can read and write
total population: 99% male: 99% female: 99% (2003 est.) |
Location | Western Europe, bordering the Mediterranean Sea on the southern coast of France, near the border with Italy | Western Europe, bordering the Mediterranean Sea on the southern coast of France, near the border with Italy |
Map references | Europe | Europe |
Maritime claims | territorial sea: 12 nm | territorial sea: 12 nm |
Merchant marine | none | 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 | defense is the responsibility of France; the Palace Guard performs ceremonial duties (2003) |
National holiday | National Day (Prince of Monaco Holiday), 19 November | National Day (Prince of Monaco Holiday), 19 November |
Nationality | noun: Monegasque(s) or Monacan(s)
adjective: Monegasque or Monacan |
noun: Monegasque(s) or Monacan(s)
adjective: Monegasque or Monacan |
Natural hazards | NA | NA |
Natural resources | none | none |
Net migration rate | 7.75 migrant(s)/1,000 population (2004 est.) | 7.68 migrant(s)/1,000 population (2006 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 [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 | 32,270 (July 2004 est.) | 32,543 (July 2006 est.) |
Population below poverty line | NA | NA% |
Population growth rate | 0.44% (2004 est.) | 0.4% (2006 est.) |
Ports and harbors | Monaco | - |
Radio broadcast stations | AM 1, FM NA, shortwave 8 (1998) | AM 1, FM NA, shortwave 8 (1998) |
Religions | Roman Catholic 90% | Roman Catholic 90% |
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 (2006 est.) |
Suffrage | 21 years of age; universal | 18 years of age; universal |
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: country code - 377; no satellite earth stations; connected by cable into the French communications system |
Telephones - main lines in use | 33,700 (2002) | 33,700 (2002) |
Telephones - mobile cellular | 19,300 (2002) | 19,300 (2002) |
Television broadcast stations | 5 (1998) | 5 (1998) |
Terrain | hilly, rugged, rocky | hilly, rugged, rocky |
Total fertility rate | 1.76 children born/woman (2004 est.) | 1.76 children born/woman (2006 est.) |
Unemployment rate | 3.1% (1998) | 22% (1999) |