Monaco (2007) | Bermuda (2002) | |
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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 | 9 parishes and 2 municipalities*; Devonshire, Hamilton, Hamilton*, Paget, Pembroke, Saint George*, Saint George's, Sandys, Smith's, Southampton, Warwick |
Age structure | 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.) |
0-14 years: 19.2% (male 6,058; female 6,225)
15-64 years: 69.4% (male 21,950; female 22,442) 65 years and over: 11.4% (male 3,163; female 4,122) (2002 est.) |
Agriculture - products | none | bananas, vegetables, citrus, flowers; dairy products |
Airports | - | 1 (2002) |
Airports - with paved runways | - | total: 1
2,438 to 3,047 m: 1 (2002) |
Area | total: 1.95 sq km
land: 1.95 sq km water: 0 sq km |
total: 53.3 sq km
land: 53.3 sq km water: 0 sq km |
Area - comparative | about three times the size of The Mall in Washington, DC | about one-third the size of Washington, DC |
Background | 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. | Bermuda was first settled in 1609 by shipwrecked English colonists headed for Virginia. Tourism to the island to escape North American winters first developed in Victorian times. Tourism continues to be important to the island's economy, although international business has overtaken it in recent years. Bermuda has developed into a highly successful offshore financial center. A referendum on independence was soundly defeated in 1995. |
Birth rate | 9.12 births/1,000 population (2007 est.) | 11.82 births/1,000 population (2002 est.) |
Budget | revenues: $863 million
expenditures: $920.6 million (2005 est.) |
revenues: $609.5 million
expenditures: $574.6 million, including capital expenditures of $54.8 million (FY00/01) |
Capital | 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 |
Hamilton |
Climate | Mediterranean with mild, wet winters and hot, dry summers | subtropical; mild, humid; gales, strong winds common in winter |
Coastline | 4.1 km | 103 km |
Constitution | 17 December 1962 | 8 June 1968, amended 1989 |
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: none
conventional short form: Bermuda former: Somers Islands |
Currency | - | Bermudian dollar (BMD) |
Death rate | 12.92 deaths/1,000 population (2007 est.) | 7.49 deaths/1,000 population (2002 est.) |
Debt - external | $18 billion (2000 est.) | $145 million (FY99/00) |
Dependency status | - | overseas territory of the UK |
Diplomatic representation from the US | 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 | chief of mission: Consul General Denis Patrick COLEMAN, Jr.
consulate(s) general: Crown Hill, 16 Middle Road, Devonshire DVQ3 mailing address: P. O. Box HM325, Hamilton HMBX; American Consulate General Hamilton, Department of State, 5300 Hamilton Place, Washington, DC 20520-5300 telephone: [1] (441) 295-1342 FAX: [1] (441) 295-1592, [1] (441) 296-9233 |
Diplomatic representation in the US | 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 |
none (overseas territory of the UK) |
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. | Bermuda enjoys one of the highest per capita incomes in the world, with its economy primarily based on providing financial services for international business and luxury facilities for tourists. The effects of 11 September 2001 have had both positive and negative ramifications for Bermuda. On the positive side, a number of new reinsurance companies have located on the island, contributing to the expansion of an already robust international business sector. On the negative side, Bermuda's already weakening tourism industry - which derives over 80% of its visitors from the US - has been further hit as American tourists have chosen not to travel. Most capital equipment and food must be imported, with the US serving as the primary source of goods, followed by the UK. Bermuda's industrial sector is small, although construction continues to be important. Agriculture is limited, only 6% of the land being arable. |
Electricity - consumption | NA kWh | 553.35 million kWh (2000) |
Electricity - exports | - | 0 kWh (2000) |
Electricity - imports | NA kWh; note - electricity supplied by France | 0 kWh (2000) |
Electricity - production | - | 595 million kWh (2000) |
Electricity - production by source | - | fossil fuel: 100%
hydro: 0% nuclear: 0% other: 0% (2000) |
Elevation extremes | lowest point: Mediterranean Sea 0 m
highest point: Mont Agel 140 m |
lowest point: Atlantic Ocean 0 m
highest point: Town Hill 76 m |
Environment - current issues | NA | asbestos disposal; water pollution; preservation of open space; sustainable development |
Environment - international agreements | 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 |
- |
Ethnic groups | French 47%, Monegasque 16%, Italian 16%, other 21% | black 58%, white 36%, other 6% |
Exchange rates | euros per US dollar - 0.7964 (2006), 0.8041 (2005), 0.8054 (2004), 0.886 (2003), 1.0626 (2002) | Bermudian dollar per US dollar - 1.0000 (fixed rate pegged to the US dollar) |
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: Queen ELIZABETH II (since 6 February 1952), represented by Governor Sir John VEREKER (since NA April 2002)
head of government: Premier Jennifer SMITH (since 10 November 1998) cabinet: Cabinet nominated by the premier, appointed by the governor elections: none; the monarch is hereditary; governor appointed by the monarch; following legislative elections, the leader of the majority party or the leader of the majority coalition is usually appointed premier by the governor |
Exports | $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) |
$51 million (2000) |
Exports - commodities | - | reexports of pharmaceuticals |
Exports - partners | - | EU excluding UK 77.9%, US 9.8%, UK 6.9% (1999) |
Fiscal year | calendar year | 1 April - 31 March |
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 | red, with the flag of the UK in the upper hoist-side quadrant and the Bermudian coat of arms (white and green shield with a red lion holding a scrolled shield showing the sinking of the ship Sea Venture off Bermuda in 1609) centered on the outer half of the flag |
GDP | - | purchasing power parity - $2.2 billion (2001 est.) |
GDP - composition by sector | agriculture: 0%
industry: 4.9% services: 95.1% (2005) |
agriculture: 1%
industry: 10% services: 89% (1995 est.) |
GDP - per capita | - | purchasing power parity - $34,800 (2001 est.) |
GDP - real growth rate | 0.9% (2000 est.) | 2.9% (2001 est.) |
Geographic coordinates | 43 44 N, 7 24 E | 32 20 N, 64 45 W |
Geography - note | second-smallest independent state in the world (after Holy See); almost entirely urban | consists of about 138 coral islands and islets with ample rainfall, but no rivers or freshwater lakes; some land, reclaimed and otherwise, was leased by US Government from 1941 to 1995 |
Heliports | 1 (2007) | - |
Highways | - | total: 450 km
paved: 450 km unpaved: 0 km note: public roads - 209 km; private roads - 241 km (2002) |
Household income or consumption by percentage share | lowest 10%: NA%
highest 10%: NA% |
lowest 10%: NA%
highest 10%: NA% |
Imports | $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) |
$719 million (2000) |
Imports - commodities | - | machinery and transport equipment, construction materials, chemicals, food and live animals |
Imports - partners | - | EU excluding UK 35.4%, US 17.8%, UK 15.4%, Russia 14.6% (1999) |
Independence | 1419 (beginning of rule by the House of Grimaldi) | none (overseas territory of the UK) |
Industrial production growth rate | NA% | NA% |
Industries | tourism, construction, small-scale industrial and consumer products | tourism, international business, light manufacturing |
Infant mortality rate | 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.) |
9.28 deaths/1,000 live births (2002 est.) |
Inflation rate (consumer prices) | 1.9% (2000) | 3% (July 2001) |
International organization participation | 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, UNITAR, UNWTO, UPU, WHO, WIPO, WMO | Caricom (observer), CCC, ICFTU, Interpol (subbureau), IOC |
Internet Service Providers (ISPs) | - | 20 (2000) |
Irrigated land | NA | 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; Court of Appeal; Magistrate Courts |
Labor force | 44,000
note: includes workers from all foreign countries (2005 est.) |
37,472 (2000) |
Labor force - by occupation | - | clerical 22%, services 20%, laborers 17%, professional and technical 17%, administrative and managerial 13%, sales 8%, agriculture and fishing 3% (2000 est.) |
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) (2005) |
arable land: 0%
permanent crops: 0% other: 100% (55% developed, 45% rural/open space) (1998 est.) |
Languages | French (official), English, Italian, Monegasque | English (official), Portuguese |
Legal system | based on French law; has not accepted compulsory ICJ jurisdiction | English law |
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 |
bicameral Parliament consists of the Senate (an 11-member body appointed by the governor, the premier, and the opposition) and the House of Assembly (40 seats; members are elected by popular vote to serve five-year terms)
elections: last general election held 9 November 1998 (next to be held NA November 2003) election results: percent of vote by party - PLP 54%, UBP 44%, NLP 1%, independents 1%; seats by party - PLP 26, UBP 14 |
Life expectancy at birth | total population: 79.82 years
male: 75.99 years female: 83.85 years (2007 est.) |
total population: 77.3 years
male: 75.21 years female: 79.27 years (2002 est.) |
Literacy | definition: age 15 and over can read and write
total population: 99% male: 99% female: 99% (2003 est.) |
definition: age 15 and over can read and write
total population: 98% male: 98% female: 99% (1970 est.) |
Location | Western Europe, bordering the Mediterranean Sea on the southern coast of France, near the border with Italy | North America, group of islands in the North Atlantic Ocean, east of North Carolina (US) |
Map references | Europe | North America |
Maritime claims | territorial sea: 12 nm | exclusive fishing zone: 200 NM
territorial sea: 12 NM |
Merchant marine | 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) | total: 102 ships (1,000 GRT or over) totaling 5,485,450 GRT/8,782,869 DWT
ships by type: bulk 28, cargo 4, container 16, liquefied gas 6, passenger 3, petroleum tanker 17, refrigerated cargo 16, roll on/roll off 9, short-sea passenger 3 note: includes some foreign-owned ships registered here as a flag of convenience: Croatia 5, Denmark 2, Germany 1, Greece 1, Hong Kong 9, Indonesia 1, Norway 2, Sweden 11, United Kingdom 52, United States 13 (2002 est.) |
Military - note | defense is the responsibility of France; the Palace Guard performs ceremonial duties (2003) | defense is the responsibility of the UK |
Military branches | - | no regular indigenous military forces; Bermuda Regiment, Bermuda Police Force, Bermuda Reserve Constabulary |
Military expenditures - dollar figure | - | $4,027,970 (January 2002) |
Military expenditures - percent of GDP | - | 0.11% (FY00/01) |
National holiday | National Day (Saint Rainier's Day), 19 November (1857) | Bermuda Day, 24 May |
Nationality | noun: Monegasque(s) or Monacan(s)
adjective: Monegasque or Monacan |
noun: Bermudian(s)
adjective: Bermudian |
Natural hazards | NA | hurricanes (June to November) |
Natural resources | none | limestone, pleasant climate fostering tourism |
Net migration rate | 7.65 migrant(s)/1,000 population (2007 est.) | 2.61 migrant(s)/1,000 population (2002 est.) |
Political parties and leaders | National and Democratic Union or UND [Guy MAGNAN]; Union for Monaco or UPM (including National Union for the Future of Monaco or UNAM) | National Liberal Party or NLP [Dessaline WALDRON]; Progressive Labor Party or PLP [Jennifer SMITH]; United Bermuda Party or UBP [Chairman Wayne FURBERT] |
Political pressure groups and leaders | NA | Bermuda Employer's Union [Eddie SAINTS]; Bermuda Industrial Union or BIU [Derrick BURGESS]; Bermuda Public Services Association or BPSA [leader NA]; Bermuda Union of Teachers [Michael CHARLES] |
Population | 32,671 (July 2007 est.) | 63,960 (July 2002 est.) |
Population below poverty line | NA% | NA% |
Population growth rate | 0.386% (2007 est.) | 0.69% (2002 est.) |
Ports and harbors | - | Hamilton, Saint George's, Dockyard |
Radio broadcast stations | AM 1, FM NA, shortwave 8 (1998) | AM 5, FM 3, shortwave 0 (1998) |
Radios | - | 82,000 (1997) |
Railways | - | 0 km |
Religions | Roman Catholic 90%, other 10% | non-Anglican Protestant 39%, Anglican 27%, Roman Catholic 15%, other 19% |
Sex ratio | 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.) |
at birth: 0.94 male(s)/female
under 15 years: 0.97 male(s)/female 15-64 years: 0.98 male(s)/female 65 years and over: 0.77 male(s)/female total population: 0.95 male(s)/female (2002 est.) |
Suffrage | 18 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: NA
domestic: modern, fully automatic telephone system international: 3 submarine cables; satellite earth stations - 3 Intelsat (Atlantic Ocean) |
Telephones - main lines in use | 34,000 (2005) | 52,000 (1997) |
Telephones - mobile cellular | 17,200 (2005) | 7,980 (1996) |
Television broadcast stations | 5 (1998) | 3 (1997) |
Terrain | hilly, rugged, rocky | low hills separated by fertile depressions |
Total fertility rate | 1.75 children born/woman (2007 est.) | 1.81 children born/woman (2002 est.) |
Unemployment rate | 0% (2005) | 4.5% (1993) |
Waterways | - | none |