Monaco (2008) | 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% (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: 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 |
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 | 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. | 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 | 9.12 births/1,000 population (2007 est.) | 9.19 births/1,000 population (2006 est.) |
Budget | revenues: $863 million
expenditures: $920.6 million (2005 est.) |
revenues: $719.2 million
expenditures: $864.1 million; including capital expenditures of $283.1 million (2004) |
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 |
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 |
Death rate | 12.92 deaths/1,000 population (2007 est.) | 12.91 deaths/1,000 population (2006 est.) |
Debt - external | $18 billion (2000 est.) | $18 billion (2000 est.) |
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 | 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 | 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 |
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. 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. | 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-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 |
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 - 0.7345 (2007), 0.7964 (2006), 0.8041 (2005), 0.8054 (2004), 0.886 (2003) | 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 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: 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 | $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) |
$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 - composition by sector | agriculture: 0%
industry: 4.9% services: 95.1% (2005) |
agriculture: 17%
industry: NA% services: NA% |
GDP - real growth rate | 0.9% (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 (2007) | 1 (2006) |
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) |
$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 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: 5.27 deaths/1,000 live births
male: 6.09 deaths/1,000 live births female: 4.4 deaths/1,000 live births (2007 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) | 1.9% (2000) | 1.9% (2000) |
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, UNWTO, UPU, WHO, WIPO, WMO | 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 | 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 | 44,000
note: includes workers from all foreign countries (2005 est.) |
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) (2005) |
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 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 |
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: 79.82 years
male: 75.99 years female: 83.85 years (2007 est.) |
total population: 79.69 years
male: 75.85 years female: 83.74 years (2006 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: 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
exclusive economic zone: 12 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) | 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; the Palace Guard performs ceremonial duties (2003) | defense is the responsibility of France; the Palace Guard performs ceremonial duties (2003) |
National holiday | National Day (Saint Rainier's Day), 19 November (1857) | 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 | 7.65 migrant(s)/1,000 population (2007 est.) | 7.68 migrant(s)/1,000 population (2006 est.) |
Political parties and leaders | Union for Monaco or UPM (including National Union for the Future of Monaco or UNAM); Rally and Issues for Monaco or REM; Monaco Together | 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 | 32,671 (July 2007 est.) | 32,543 (July 2006 est.) |
Population below poverty line | NA% | NA% |
Population growth rate | 0.386% (2007 est.) | 0.4% (2006 est.) |
Radio broadcast stations | AM 1, FM NA, shortwave 8 (1998) | AM 1, FM NA, shortwave 8 (1998) |
Religions | Roman Catholic 90%, other 10% | Roman Catholic 90% |
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: 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 | 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: 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 | 34,000 (2005) | 33,700 (2002) |
Telephones - mobile cellular | 17,200 (2005) | 19,300 (2002) |
Television broadcast stations | 5 (1998) | 5 (1998) |
Terrain | hilly, rugged, rocky | hilly, rugged, rocky |
Total fertility rate | 1.75 children born/woman (2007 est.) | 1.76 children born/woman (2006 est.) |
Unemployment rate | 0% (2005) | 22% (1999) |