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Monaco



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Introduction

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.

Geography

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

Geographic coordinates: 43 44 N, 7 24 E

Map references: Europe

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

Land boundaries
  total: 4.4 km
  border countries: France 4.4 km

Coastline: 4.1 km

Maritime claims
  territorial sea: 12 nm

Climate: Mediterranean with mild, wet winters and hot, dry summers

Terrain: hilly, rugged, rocky

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

Natural resources: none

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

Irrigated land: NA sq km

Natural hazards: NA

Environment - current issues: NA

Environment - international agreements
  party to: 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

Geography - note: second smallest independent state in world (after Holy See); almost entirely urban

People

Population: 31,693 (July 2000 est.)

Age structure
  0-14 years: 15% (male 2,449; female 2,336)
  15-64 years: 62% (male 9,723; female 10,074)
  65 years and over: 23% (male 2,907; female 4,204) (2000 est.)

Population growth rate: 0.48% (2000 est.)

Birth rate: 9.94 births/1,000 population (2000 est.)

Death rate: 13.06 deaths/1,000 population (2000 est.)

Net migration rate: 7.89 migrant(s)/1,000 population (2000 est.)

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 (2000 est.)

Infant mortality rate: 5.92 deaths/1,000 live births (2000 est.)

Life expectancy at birth
  total population: 78.84 years
  male: 74.88 years
  female: 83 years (2000 est.)

Total fertility rate: 1.76 children born/woman (2000 est.)

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

Ethnic groups: French 47%, Monegasque 16%, Italian 16%, other 21%

Religions: Roman Catholic 90%

Languages: French (official), English, Italian, Monegasque

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

Government

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

Government type: constitutional monarchy

Capital: Monaco

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

Independence: 1419 (beginning of the rule by the House of Grimaldi)

National holiday: National Day, 19 November

Constitution: 17 December 1962

Legal system: based on French law; has not accepted compulsory ICJ jurisdiction

Suffrage: 21 years of age; universal

Executive branch
  chief of state: Prince RAINIER III (since 9 May 1949); Heir Apparent Prince ALBERT Alexandre Louis Pierre, son of the monarch (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 monarch
  elections: none; the monarch is hereditary; minister of state appointed by the monarch from a list of three French national candidates presented by the French Government

Legislative branch: unicameral National Council or Conseil National (18 seats; members are elected by popular vote to serve five-year terms)
  elections: last held 1 and 8 February 1998 (next to be held NA January 2003)
  election results: percent of vote by party - NA; seats by party - UND 18

Judicial branch: Supreme Court or Tribunal Supreme, judges named by the monarch on the basis of nominations by the National Council

Political parties and leaders: National and Democratic Union or UND [Jean-Louis CAMPORA]

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

Diplomatic representation in the US: Monaco does not have an embassy in the US
  consulate(s): New York

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

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

Economy

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. 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.

GDP: purchasing power parity - $870 million (1999 est.)

GDP - real growth rate: NA%

GDP - per capita: purchasing power parity - $27,000 (1999 est.)

GDP - composition by sector
  agriculture: NA%
  industry: NA%
  services: NA%

Population below poverty line: NA%

Household income or consumption by percentage share
  lowest 10%: NA%
  highest 10%: NA%

Inflation rate (consumer prices): NA%

Labor force: 30,540 (January 1994)

Unemployment rate: 3.1% (1998)

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

Industries: tourism, construction, small-scale industrial and consumer products

Industrial production growth rate: NA%

Electricity - production: NA kWh

Electricity - production by source
  fossil fuel: NA%
  hydro: NA%
  nuclear: NA%
  other: NA%

Electricity - consumption: NA kWh

Electricity - exports: NA kWh

Electricity - imports: NA kWh

Agriculture - products: none

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

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

Debt - external: $NA

Economic aid - recipient: $NA

Currency: 1 French franc (F) = 100 centimes

Exchange rates: euros per US$1 - 0.9867 (January 2000), 0.9386 (1999); French francs (F) per US$1 - 5.65 (January 1999), 5.8995 (1998), 5.8367 (1997), 5.1155 (1996), 4.9915 (1995)

Fiscal year: calendar year

Communications

Telephones - main lines in use: 31,027 (1995)

Telephones - mobile cellular: 2,560 (1994)

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

Radio broadcast stations: AM 1, FM NA, shortwave 8 (1998)

Radios: 34,000 (1997)

Television broadcast stations: 5 (1997)

Televisions: 25,000 (1997)

Internet Service Providers (ISPs): 4 (1999)

Transportation

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

Highways
  total: 50 km
  paved: 50 km
  unpaved: 0 km (1996 est.)

Ports and harbors: Monaco

Merchant marine: none (1999 est.)

Airports: linked to airport in Nice, France, by helicopter service

Heliports: 1 (shuttle service between the international airport at Nice, France, and Monaco's heliport at Fontvieille)

Military

Military - note: defense is the responsibility of France

Transnational Issues

Disputes - international: none

 

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