Monaco (2005) | Micronesia, Federated States of (2002) | |
![]() | ![]() | |
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 | 4 states; Chuuk (Truk), Kosrae (Kosaie), Pohnpei (Ponape), Yap |
Age structure | 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.) |
0-14 years: NA%
15-64 years: NA% 65 years and over: NA% |
Agriculture - products | none | black pepper, tropical fruits and vegetables, coconuts, cassava (tapioca), sweet potatoes; pigs, chickens |
Airports | none; linked to the airport at Nice, France by helicopter service (2004 est.) | 7 (2001) |
Airports - with paved runways | - | total: 6
1,524 to 2,437 m: 4 914 to 1,523 m: 2 (2002) |
Airports - with unpaved runways | - | total: 1
914 to 1,523 m: 1 (2002) |
Area | total: 1.95 sq km
land: 1.95 sq km water: 0 sq km |
total: 702 sq km
land: 702 sq km water: 0 sq km (fresh water only) note: includes Pohnpei (Ponape), Chuuk (Truk) Islands, Yap Islands, and Kosrae |
Area - comparative | about three times the size of The Mall in Washington, DC | four times the size of Washington, DC (land area only) |
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. | In 1979 the Federated States of Micronesia, a UN Trust Territory under US administration, adopted a constitution. In 1986 independence was attained under a Compact of Free Association with the US. Present concerns include large-scale unemployment, overfishing, and overdependence on US aid. |
Birth rate | 9.26 births/1,000 population (2005 est.) | NA births/1,000 population |
Budget | revenues: $518 million
expenditures: $531 million, including capital expenditures of NA (1995) |
revenues: $161 million ($69 million less grants)
expenditures: $160 million, including capital expenditures of $NA (1998 est.) |
Capital | Monaco | Palikir |
Climate | Mediterranean with mild, wet winters and hot, dry summers | tropical; heavy year-round rainfall, especially in the eastern islands; located on southern edge of the typhoon belt with occasionally severe damage |
Coastline | 4.1 km | 6,112 km |
Constitution | 17 December 1962 | 10 May 1979 |
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: Federated States of Micronesia
conventional short form: none former: Ponape, Truk, and Yap Districts (Trust Territory of the Pacific Islands) abbreviation: FSM |
Currency | - | US dollar (USD) |
Death rate | 12.71 deaths/1,000 population (2005 est.) | NA deaths/1,000 population |
Debt - external | $18 billion (2000 est.) | $66.5 million |
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 Larry DINGER
embassy: address NA, Kolonia mailing address: P. O. Box 1286, Kolonia, Pohnpei, Federated States of Micronesia 96941 telephone: [691] 320-2187 FAX: [691] 320-2186 |
Diplomatic representation in the US | Monaco does not have an embassy in the US
consulate(s) general: New York |
chief of mission: Ambassador Jesse Bibiano MAREHALAU
chancery: 1725 N Street NW, Washington, DC 20036 telephone: [1] (202) 223-4383 FAX: [1] (202) 223-4391 consulate(s) general: Honolulu and Tamuning (Guam) |
Disputes - international | none | none |
Economic aid - recipient | NA | under terms of the Compact of Free Association, the US pledged $1.3 billion in grant aid during the period 1986-2001 |
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. | Economic activity consists primarily of subsistence farming and fishing. The islands have few mineral deposits worth exploiting, except for high-grade phosphate. The potential for a tourist industry exists, but the remote location and a lack of adequate facilities hinder development. In 1996, the country experienced a 20% reduction in revenues from the Compact of Free Association - the agreement with the US in which Micronesia received $1.3 billion in financial and technical assistance over a 15-year period until 2001. Since these revenues accounted for 57% of consolidated government revenues, reduced Compact funding resulted in a severe depression. Economic activity recovered in 1999-2001. The country's medium-term economic outlook appears fragile due to likely further reductions in external grants made under the US Compact funding. Geographical isolation and a poorly developed infrastructure remain major impediments to long-term growth. |
Electricity - consumption | NA kWh | NA kWh |
Electricity - imports | NA kWh
note: electricity supplied by France |
- |
Electricity - production | - | NA kWh |
Electricity - production by source | - | fossil fuel: NA%
hydro: NA% nuclear: NA% other: NA% |
Elevation extremes | lowest point: Mediterranean Sea 0 m
highest point: Mont Agel 140 m |
lowest point: Pacific Ocean 0 m
highest point: Dolohmwar (Totolom) 791 m |
Environment - current issues | NA | overfishing, climate change, pollution |
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, Hazardous Wastes, Law of the Sea, Ozone Layer Protection
signed, but not ratified: none of the selected agreements |
Ethnic groups | French 47%, Monegasque 16%, Italian 16%, other 21% | nine ethnic Micronesian and Polynesian groups |
Exchange rates | euros per US dollar - 0.8054 (2004), 0.886 (2003), 1.0626 (2002), 1.1175 (2001), 1.0854 (2000) | the US dollar is used |
Executive branch | 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 |
chief of state: President Leo A. FALCAM (since 21 July 1999); Vice President Redley KILLION (since 21 July 1999); note - the president is both the chief of state and head of government
head of government: President Leo A. FALCAM (since 21 July 1999); Vice President Redley KILLION (since 21 July 1999); note - the president is both the chief of state and head of government cabinet: Cabinet elections: president and vice president elected by Congress from among the four senators-at-large for four-year terms; election last held NA May 1999 (next to be held NA May 2003); note - a proposed constitutional amendment to establish popular elections for president and vice president failed election results: Leo A. FALCAM elected president; percent of Congress vote - NA%; Redley KILLION elected vice president; percent of Congress vote - NA% |
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 | $22 million (f.o.b.) |
Exports - commodities | - | fish, garments, bananas, black pepper |
Exports - partners | - | Japan, US, Guam |
Fiscal year | calendar year | 1 October - 30 September |
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 | light blue with four white five-pointed stars centered; the stars are arranged in a diamond pattern |
GDP | - | purchasing power parity - $269 million
note: GDP is supplemented by grant aid, averaging perhaps $100 million annually (2001 est.) |
GDP - composition by sector | agriculture: 17%
industry: NA% services: NA% (2001 est.) |
agriculture: 50%
industry: 4% services: 46% (2000 est.) |
GDP - per capita | purchasing power parity - $27,000 (2000 est.) | purchasing power parity - $2,000 (2001 est.) |
GDP - real growth rate | 0.9% (2000 est.) | 2% (2001 est.) |
Geographic coordinates | 43 44 N, 7 24 E | 6 55 N, 158 15 E |
Geography - note | second-smallest independent state in the world (after Holy See); almost entirely urban | four major island groups totaling 607 islands |
Heliports | 1 (shuttle service between the international airport at Nice, France, and Monaco's heliport at Fontvieille) (2004 est.) | - |
Highways | total: 50 km
paved: 50 km unpaved: 0 km (1999 est.) |
total: 240 km
paved: 42 km unpaved: 198 km (1996) |
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 | $149 million f.o.b. |
Imports - commodities | - | food, manufactured goods, machinery and equipment, beverages |
Imports - partners | - | US, Australia, Japan |
Independence | 1419 (beginning of the rule by the House of Grimaldi) | 3 November 1986 (from the US-administered UN Trusteeship) |
Industrial production growth rate | NA% | NA% |
Industries | tourism, construction, small-scale industrial and consumer products | tourism, construction, fish processing, craft items from shell, wood, and pearls |
Infant mortality rate | 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.) |
NA deaths/1,000 live births |
Inflation rate (consumer prices) | 1.9% (2000) | 2.5% (2001 est.) |
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 | ACP, AsDB, ESCAP, G-77, IBRD, ICAO, IDA, IFC, IFRCS (associate), IMF, IOC, ITU, OPCW, Sparteca, SPC, SPF, UN, UNCTAD, UNESCO, WHO, WMO |
Internet Service Providers (ISPs) | - | 1 (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 |
Labor force | 30,540 (January 1994) | NA |
Labor force - by occupation | - | two-thirds are government employees |
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) (2001) |
arable land: 5.71%
permanent crops: 45.71% other: 48.58% (1998 est.) |
Languages | French (official), English, Italian, Monegasque | English (official and common language), Trukese, Pohnpeian, Yapese, Kosrean, Ulithian, Woleaian, Nukuoro, Kapingamarangi |
Legal system | based on French law; has not accepted compulsory ICJ jurisdiction | based on adapted Trust Territory laws, acts of the legislature, municipal, common, and customary laws |
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 February 2008) election results: percent of vote by party - NA%; seats by party - UNAM 21, UND 3 |
unicameral Congress (14 seats; members elected by popular vote; four - one elected from each state - to serve four-year terms and 10 - elected from single-member districts delineated by population - to serve two-year terms)
elections: elections for four-year term seats last held 2 March 1999 (next to be held NA March 2003); elections for two-year term seats last held 6 March 2001 (next to be held NA March 2003) election results: percent of vote - NA%; seats - independents 14 |
Life expectancy at birth | total population: 79.57 years
male: 75.7 years female: 83.63 years (2005 est.) |
total population: NA years
male: NA years female: NA years |
Literacy | definition: NA
total population: 99% male: NA% female: NA% |
definition: age 15 and over can read and write
total population: 89% male: 91% female: 88% (1980 est.) |
Location | Western Europe, bordering the Mediterranean Sea on the southern coast of France, near the border with Italy | Oceania, island group in the North Pacific Ocean, about three-quarters of the way from Hawaii to Indonesia |
Map references | Europe | Oceania |
Maritime claims | territorial sea: 12 nm | exclusive economic zone: 200 NM
territorial sea: 12 NM |
Merchant marine | registered in other countries: 54 (2005) | none
note: includes a foreign-owned ship registered here as a flag of convenience: United States 1 (2002 est.) |
Military - note | defense is the responsibility of France; the Palace Guard performs ceremonial duties (2003) | Federated States of Micronesia (FSM) is a sovereign, self-governing state in free association with the US; FSM is totally dependent on the US for its defense |
National holiday | National Day (Prince of Monaco Holiday), 19 November | Constitution Day, 10 May (1979) |
Nationality | noun: Monegasque(s) or Monacan(s)
adjective: Monegasque or Monacan |
noun: Micronesian(s)
adjective: Micronesian; Chuukese, Kosraen(s), Pohnpeian(s), Yapese |
Natural hazards | NA | typhoons (June to December) |
Natural resources | none | forests, marine products, deep-seabed minerals |
Net migration rate | 7.71 migrant(s)/1,000 population (2005 est.) | NA migrant(s)/1,000 population |
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] | no formal parties |
Political pressure groups and leaders | NA | - |
Population | 32,409 (July 2005 est.) | 135,869 (July 2002 est.) |
Population below poverty line | NA% | NA% |
Population growth rate | 0.43% (2005 est.) | NA% (2002 est.) |
Ports and harbors | Monaco | Colonia (Yap), Kolonia (Pohnpei), Lele, Moen |
Radio broadcast stations | AM 1, FM NA, shortwave 8 (1998) | AM 5, FM 1, shortwave 0 (1998) |
Radios | - | 9,400 (1996) |
Railways | - | 0 km (2003) |
Religions | Roman Catholic 90% | Roman Catholic 50%, Protestant 47% |
Sex ratio | 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.) |
NA |
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: adequate system
domestic: islands interconnected by shortwave radiotelephone (used mostly for government purposes) international: satellite earth stations - 5 Intelsat (Pacific Ocean) (2002) |
Telephones - main lines in use | 33,700 (2002) | 11,000 (2001) |
Telephones - mobile cellular | 19,300 (2002) | newly installed in Pohnpei and Yap |
Television broadcast stations | 5 (1998) | 2 (1997) |
Terrain | hilly, rugged, rocky | islands vary geologically from high mountainous islands to low, coral atolls; volcanic outcroppings on Pohnpei, Kosrae, and Truk |
Total fertility rate | 1.76 children born/woman (2005 est.) | NA children born/woman |
Unemployment rate | 22% (1999) | 16% (1999 est.) |
Waterways | - | none |