Monaco

Radio broadcast stations

AM 3, FM 4, shortwave 0

Radios

30,000 (1992 est.)

Telephone system

automatic telephone system domestic : NA international: no satellite earth stations; connected by cable into the French communications system

Telephones

53,180 (1994 est.)

Television broadcast stations

5 (1987 est.)

Televisions

22,000 (1992 est.)

Agriculture - products

none

Budget

revenues: $570.4 million expenditures: $570.1 million, including capital expenditures of $NA (1994 est.)

Currency

1 French franc (F) = 100 centimes

Debt - external

$NA

Economic aid

$NA

Economy - 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 55% 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, roughly comparable to those in prosperous French metropolitan areas.

Electricity - capacity

10,000 kW standby note: electricity imported from France

Electricity - consumption per capita

NA kWh

Electricity - production

NA kWh

Exchange rates

French francs (F) per US$1 - 5.4169(January 1997), 5.1155 (1996), 4.9915 (1995), 5.5520 (1994), 5.6632 (1993), 5.2938 (1992)

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

Fiscal year

calendar year

GDP

purchasing power parity - $800 million (1996 est.)

GDP - composition by sector

agriculture: NA% industry: NA% services: NA%

GDP - per capita

purchasing power parity - $25,000 (1996 est.)

GDP - real growth rate

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

Industrial production growth rate

NA%

Inflation rate - consumer price index

NA%

Labor force

total: 30,540 (1 January 1994)

Unemployment rate

3.1% (1994)

Area

total : 1.9 sq km land: 1.9 sq km water : 0 sq km

Area - comparative

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

Climate

Mediterranean with mild, wet winters and hot, dry summers

Coastline

4.1 km

Elevation extremes

lowest point: Mediterranean Sea 0 m highest point: Mont Agel 140 m

Environment - current issues

NA

Environment - international agreements

party to: Biodiversity, Climate Change, Endangered Species, Hazardous Wastes, Law of the Sea, Marine Dumping, Ozone Layer Protection, Ship Pollution, Whaling signed, but not ratified: none of the selected agreements

Geographic coordinates

43 44 N, 7 24 E

Geography - note

second smallest independent state in world (after Holy See); almost entirely urban

Irrigated land

NA sq km

Land boundaries

total: 4.4 km border countries: France 4.4 km

Land use

arable land: 0% permanent crops: 0% permanent pastures : 0% forests and woodland: 0% other: 100% (urban area)

Location

Western Europe, bordering the Mediterranean Sea, on the southern coast of France, near the border with Italy

Map references

Europe

Maritime claims

territorial sea : 12 nm

Natural hazards

NA

Natural resources

none

Terrain

hilly, rugged, rocky

Administrative divisions

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

Constitution

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

Data code

MN

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

Diplomatic representation in the US

Monaco does not have an embassy in the US consulate(s) general: New York honorary consulate(s) general: Boston, Chicago, Los Angeles, New Orleans, San Francisco, San Juan (Puerto Rico) honorary consulate(s): Dallas, Palm Beach, Philadelphia, and Washington, DC

Executive branch

chief of state: Prince RAINIER III (since 9 May 1949); Heir Apparent Prince ALBERT Alexandre Louis Pierre (born 14 March 1958) head of government: Minister of State Michel LEVEQUE (since 3 February 1997) cabinet: Council of Government is under the authority of the prince elections: none; the prince is a hereditary monarch; minister of state appointed by the prince from a list of three French national candidates presented by the French Government

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

Government type

constitutional monarchy

Independence

1419 (rule by the House of Grimaldi)

International organization participation

ACCT, ECE, IAEA, ICAO, ICRM, IFRCS, IHO, IMO, Inmarsat, Intelsat, Interpol, IOC, ITU, OSCE, UN, UNCTAD, UNESCO, UPU, WHO, WIPO, WMO

Judicial branch

Supreme Court or Tribunal Supreme

Legal system

based on French law; has not accepted compulsory ICJ jurisdiction

Legislative branch

unicameral National Council or Conseil National (18 seats; members are elected by popular vote to serve five-year terms) elections: last held 24 and 31 January 1993 (next to be held NA January 1998) election results: percent of vote by party - NA; seats by party - National and Democratic Union 15, other 3

National capital

Monaco

National holiday

National Day, 19 November

Political parties and leaders

National and Democratic Union or UND [Jean-Louis CAMPORA]

Suffrage

21 years of age; universal

Military - note

defense is the responsibility of France

Age structure

0-14 years: 17% (male 2,731; female 2,671) 15-64 years : 63% (male 9,856; female 10,392) 65 years and over: 20% (male 2,288; female 3,954) (July 1997 est.)

Birth rate

10.66 births/1,000 population (1997 est.)

Death rate

12.01 deaths/1,000 population (1997 est.)

Ethnic groups

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

Infant mortality rate

6.7 deaths/1,000 live births (1997 est.)

Languages

French (official), English, Italian, Monegasque

Life expectancy at birth

total population: 78.24 years male: 74.59 years female: 82.07 years (1997 est.)

Literacy

NA

Nationality

noun: Monegasque(s) or Monacan(s) adjective: Monegasque or Monacan

Net migration rate

6.27 migrant(s)/1,000 population (1997 est.)

Population

31,892 (July 1997 est.)

Population growth rate

0.49% (1997 est.)

Religions

Roman Catholic 95%

Sex ratio

at birth : 1.05 male(s)/female under 15 years: 1.02 male(s)/female 15-64 years : 0.95 male(s)/female 65 years and over: 0.58 male(s)/female total population: 0.87 male(s)/female (1997 est.)

Total fertility rate

1.7 children born/woman (1997 est.)

Disputes - international

none MONGOLIA

Airports

linked to airport in Nice, France, by helicopter service

Highways

total : 43 km paved: 43 km unpaved : 0 km (1995 est.)

Merchant marine

none

Ports and harbors

Monaco

Railways

total: 1.7 km standard gauge: 1.7 km 1.435-m gauge