Monaco

Internet country code

.mc

Internet hosts

533 (2004)

Internet users

16,000 (2002)

Radio broadcast stations

AM 1, FM NA, shortwave 8 (1998)

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

Telephones - main lines in use

33,700 (2002)

Telephones - mobile cellular

19,300 (2002)

Television broadcast stations

5 (1998)

Agriculture - products

none

Budget

revenues: $518 million expenditures: $531 million, including capital expenditures of NA (1995)

Currency (code)

euro (EUR)

Debt - external

$18 billion (2000 est.)

Economic aid - recipient

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.

Electricity - consumption

NA kWh

Electricity - imports

NA kWh note: electricity supplied by France

Exchange rates

euros per US dollar - 0.8054 (2004), 0.886 (2003), 1.0626 (2002), 1.1175 (2001), 1.0854 (2000)

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)

$870 million (2000 est.)

GDP - composition by sector

agriculture: 17% industry: NA% services: NA% (2001 est.)

GDP - per capita

purchasing power parity - $27,000 (2000 est.)

GDP - real growth rate

0.9% (2000 est.)

Household income or consumption by percentage share

lowest 10%: NA% highest 10%: 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%

Industries

tourism, construction, small-scale industrial and consumer products

Inflation rate (consumer prices)

1.9% (2000)

Labor force

30,540 (January 1994)

Population below poverty line

NA%

Unemployment rate

22% (1999)

Area

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

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: 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

Geographic coordinates

43 44 N, 7 24 E

Geography - note

second-smallest independent state in the 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% other: 100% (urban area) (2001)

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

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

Capital

Monaco

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

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

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

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 (beginning of the rule by the House of Grimaldi)

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

Judicial branch

Supreme Court or Tribunal Supreme (judges appointed by the monarch on the basis of nominations by the National Council)

Legal system

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 9 February 2003 (next to be held February 2008) election results: percent of vote by party - NA%; seats by party - UNAM 21, UND 3

National holiday

National Day (Prince of Monaco Holiday), 19 November

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]

Political pressure groups and leaders

NA

Suffrage

21 years of age; universal

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.

Military - note

defense is the responsibility of France; the Palace Guard performs ceremonial duties (2003)

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.)

Birth rate

9.26 births/1,000 population (2005 est.)

Death rate

12.71 deaths/1,000 population (2005 est.)

Ethnic groups

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

HIV/AIDS - adult prevalence rate

NA%

HIV/AIDS - deaths

NA

HIV/AIDS - people living with HIV/AIDS

NA

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.)

Languages

French (official), English, Italian, Monegasque

Life expectancy at birth

total population: 79.57 years male: 75.7 years female: 83.63 years (2005 est.)

Literacy

definition: NA total population: 99% male: NA% female: NA%

Median age

total: 45.25 years male: 43.27 years female: 47.19 years (2005 est.)

Nationality

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

Net migration rate

7.71 migrant(s)/1,000 population (2005 est.)

Population

32,409 (July 2005 est.)

Population growth rate

0.43% (2005 est.)

Religions

Roman Catholic 90%

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.)

Total fertility rate

1.76 children born/woman (2005 est.)

Disputes - international

none

Airports

none; linked to the airport at Nice, France by helicopter service (2004 est.)

Heliports

1 (shuttle service between the international airport at Nice, France, and Monaco's heliport at Fontvieille) (2004 est.)

Highways

total: 50 km paved: 50 km unpaved: 0 km (1999 est.)

Merchant marine

registered in other countries: 54 (2005)

Ports and harbors

Monaco