Monaco (2005) | Monaco (2008) | |
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: 15% (male 2,514/female 2,394)
15-64 years: 62.3% (male 10,047/female 10,312) 65 years and over: 22.7% (male 3,019/female 4,385) (2007 est.) |
Airports | none; linked to the airport at Nice, France by helicopter service (2004 est.) | - |
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 | 9.26 births/1,000 population (2005 est.) | 9.12 births/1,000 population (2007 est.) |
Budget | revenues: $518 million
expenditures: $531 million, including capital expenditures of NA (1995) |
revenues: $863 million
expenditures: $920.6 million (2005 est.) |
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 |
Death rate | 12.71 deaths/1,000 population (2005 est.) | 12.92 deaths/1,000 population (2007 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 Ambassador to France is accredited to Monaco; the US Consul General in Marseille (France), under the authority of the US ambassador to France, handles routine diplomatic and consular matters concerning Monaco |
Diplomatic representation in the US | Monaco does not have an embassy in the US
consulate(s) general: New York |
chief of mission: Ambassador to the US and UN Gilles NOGHES
chancery: 565 Fifth Avenue, 3rd floor, New York, NY 10017 telephone: (212) 286-0500 FAX: (212) 286-1574 |
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. The principality also is a major banking center and 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 - imports | NA kWh
note: electricity supplied by France |
NA kWh; note - electricity supplied by France |
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-Sulfur 94, Air Pollution-Volatile Organic Compounds, Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Desertification, Endangered Species, Hazardous Wastes, Law of the Sea, Marine Dumping, Ozone Layer Protection, Ship Pollution, Wetlands, Whaling
signed, but not ratified: none of the selected agreements |
Exchange rates | euros per US dollar - 0.8054 (2004), 0.886 (2003), 1.0626 (2002), 1.1175 (2001), 1.0854 (2000) | euros per US dollar - 0.7345 (2007), 0.7964 (2006), 0.8041 (2005), 0.8054 (2004), 0.886 (2003) |
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 | $716.3 million
note: full customs integration with France, which collects and rebates Monegasque trade duties; also participates in EU market system through customs union with France (2005) |
GDP - composition by sector | agriculture: 17%
industry: NA% services: NA% (2001 est.) |
agriculture: 0%
industry: 4.9% services: 95.1% (2005) |
GDP - per capita | purchasing power parity - $27,000 (2000 est.) | - |
Heliports | 1 (shuttle service between the international airport at Nice, France, and Monaco's heliport at Fontvieille) (2004 est.) | 1 (2007) |
Highways | total: 50 km
paved: 50 km unpaved: 0 km (1999 est.) |
- |
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 | $916.1 million
note: full customs integration with France, which collects and rebates Monegasque trade duties; also participates in EU market system through customs union with France (2005) |
Independence | 1419 (beginning of the rule by the House of Grimaldi) | 1419 (beginning of rule by the House of Grimaldi) |
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.) |
total: 5.27 deaths/1,000 live births
male: 6.09 deaths/1,000 live births female: 4.4 deaths/1,000 live births (2007 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 | ACCT, CE, FAO, IAEA, ICAO, ICC, ICCt (signatory), ICRM, IFRCS, IHO, IMO, IMSO, Interpol, IOC, IPU, ITSO, ITU, OIF, OPCW, OSCE, UN, UNCTAD, UNESCO, UNIDO, Union Latina, UNWTO, UPU, WHO, WIPO, WMO |
Irrigated land | NA sq km | NA |
Labor force | 30,540 (January 1994) | 44,000
note: includes workers from all foreign countries (2005 est.) |
Land use | arable land: 0%
permanent crops: 0% other: 100% (urban area) (2001) |
arable land: 0%
permanent crops: 0% other: 100% (urban area) (2005) |
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 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 3 February 2008 (next to be held February 2013) election results: percent of vote by party - UPM 52.2%, REM 40.5%, Monaco Together 7.3%; seats by party - UPM 21, REM 3 |
Life expectancy at birth | total population: 79.57 years
male: 75.7 years female: 83.63 years (2005 est.) |
total population: 79.82 years
male: 75.99 years female: 83.85 years (2007 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.) |
Maritime claims | territorial sea: 12 nm | territorial sea: 12 nm
exclusive economic zone: 12 nm |
Merchant marine | registered in other countries: 54 (2005) | registered in other countries: 64 (Bahamas 11, Barbados 1, Georgia 10, Isle of Man 3, Liberia 8, Malta 1, Marshall Islands 7, Norway 5, Panama 11, St Kitts and Nevis 1, St Vincent and The Grenadines 6, unknown 1) (2007) |
National holiday | National Day (Prince of Monaco Holiday), 19 November | National Day (Saint Rainier's Day), 19 November (1857) |
Net migration rate | 7.71 migrant(s)/1,000 population (2005 est.) | 7.65 migrant(s)/1,000 population (2007 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] | Union for Monaco or UPM (including National Union for the Future of Monaco or UNAM); Rally and Issues for Monaco or REM; Monaco Together |
Population | 32,409 (July 2005 est.) | 32,671 (July 2007 est.) |
Population growth rate | 0.43% (2005 est.) | 0.386% (2007 est.) |
Ports and harbors | Monaco | - |
Religions | Roman Catholic 90% | Roman Catholic 90%, other 10% |
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.) |
at birth: 1.06 male(s)/female
under 15 years: 1.05 male(s)/female 15-64 years: 0.974 male(s)/female 65 years and over: 0.688 male(s)/female total population: 0.912 male(s)/female (2007 est.) |
Suffrage | 21 years of age; universal | 18 years of age; universal |
Telephones - main lines in use | 33,700 (2002) | 34,000 (2005) |
Telephones - mobile cellular | 19,300 (2002) | 17,200 (2005) |
Total fertility rate | 1.76 children born/woman (2005 est.) | 1.75 children born/woman (2007 est.) |
Unemployment rate | 22% (1999) | 0% (2005) |