Monaco

Airports

1 usable airfield with permanent-surface runways

Civil air

no major transport aircraft

Highways

none; city streets

Merchant marine

1 petroleum tanker (1,000 GRT or over) totaling 3,268 GRT/4,959 DWT

Ports

Monaco

Railroads

1.6 km 1.435-meter gauge

Telecommunications

served by cable into the French communications system; automatic telephone system; 38,200 telephones; broadcast stations - 3 AM, 4 FM, 5 TV; no communication satellite earth stations

Note

defense is the responsibility of France

Agriculture

NA

Budget

revenues $424 million; expenditures $376 million, including capital expenditures of $NA (1991)

Currency

French franc (plural - francs); 1 French franc (F) = 100 centimes

Economic aid

NA

Electricity

10,000 kW standby capacity (1991); power supplied by France Indus

Exchange rates

French francs (F) per US$1 - 5.3801 (January 1992), 5.6421 (1991), 5.4453 (1990), 6.3801 (1989), 5.9569 (1988), 6.0107 (1987)

Exports

$NA; full customs integration with France, which collects and rebates Monacan trade duties; also participates in EC market system through customs union with France

External debt

$NA

Fiscal year

calendar year

GDP

exchange rate conversion - $475 million, per capita $16,000; real growth rate NA% (1991 est.)

Imports

$NA; full customs integration with France, which collects and rebates Monacan trade duties; also participates in EC market system through customs union with France

Industrial production

growth rate NA%

Inflation rate (consumer prices)

NA%

Overview

Monaco, situated on the French Mediterranean coast, is a popular resort, attracting tourists to its casino and pleasant climate. 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. About 50% of Monaco's annual revenue comes from value-added taxes on hotels, banks, and the industrial sector; about 25% of revenue comes from tourism. Living standards are high, that is, roughly comparable to those in prosperous French metropolitan suburbs.

Unemployment rate

full employment (1989)

Climate

Mediterranean with mild, wet winters and hot, dry summers

Coastline

4.1 km

Comparative area

about three times the size of the Mall in Washington, DC

Disputes

none

Environment

almost entirely urban

Land area

1.9 km2

Land boundaries

4.4 km; France 4.4 km

Land use

arable land 0%; permanent crops 0%; meadows and pastures 0%; forest and woodland 0%; other 100%

Maritime claims

Territorial sea: 12 nm

Natural resources

none

Note

second-smallest independent state in world (after Vatican City)

Terrain

hilly, rugged, rocky

Total area

1.9 km2

Administrative divisions

4 quarters (quartiers, singular - quartier); Fontvieille, La Condamine, Monaco-Ville, Monte-Carlo

Capital

Monaco

Constitution

17 December 1962

Diplomatic representation

Monaco maintains honorary consulates general in Boston, Chicago, Los Angeles, New Orleans, New York, and San Francisco, and honorary consulates in Dallas, Honolulu, Palm Beach, Philadelphia, and Washington US: no mission in Monaco, but the US Consul General in Marseille, France, is accredited to Monaco; Consul General R. Susan WOOD; Consulate General at 12 Boulevard Paul Peytral, 13286 Marseille Cedex (mailing address APO AE 09777); telephone [33] (91) 549-200

Elections

National Council: last held on 24 January 1988 (next to be held 24 January 1993); results - percent of vote by party NA; seats - (18 total) UND 18

Executive branch

prince, minister of state, Council of Government (cabinet)

Flag

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

Independence

1419, rule by the House of Grimaldi

Judicial branch

Supreme Tribunal (Tribunal Supreme)

Leaders

Chief of State: Prince RAINIER III (since November 1949); Heir Apparent Prince ALBERT Alexandre Louis Pierre (born 14 March 1958) Head of Government: Minister of State Jean AUSSEIL (since 16 September 1985)

Legal system

based on French law; has not accepted compulsory ICJ jurisdiction

Legislative branch

National Council (Conseil National)

Long-form name

Principality of Monaco

Member of

ACCT, CSCE, IAEA, ICAO, IMF (observer), IMO, INMARSAT, INTELSAT, INTERPOL, IOC, ITU, LORCS, UN (observer), UNCTAD, UNESCO, UPU, WHO, WIPO

National holiday

National Day, 19 November

Political parties and leaders

National and Democratic Union (UND), Democratic Union Movement (MUD), Monaco Action, Monegasque Socialist Party (PSM)

Suffrage

universal adult at age 25

Type

constitutional monarchy

Birth rate

7 births/1,000 population (1992)

Death rate

7 deaths/1,000 population (1992)

Ethnic divisions

French 47%, Monegasque 16%, Italian 16%, other 21%

Infant mortality rate

8 deaths/1,000 live births (1992)

Labor force

NA

Languages

French (official), English, Italian, Monegasque

Life expectancy at birth

72 years male, 80 years female (1992)

Literacy

NA% (male NA%, female NA%)

Nationality

noun - Monacan(s) or Monegasque(s); adjective - Monacan or Monegasque

Net migration rate

9 migrants/1,000 population (1992)

Organized labor

4,000 members in 35 unions

Population

29,965 (July 1992), growth rate 0.9% (1992)

Religions

Roman Catholic 95%

Total fertility rate

1.1 children born/woman (1992)