1994 Edition

Administrative divisions

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

Agriculture

none

Airports

1 usable airfield with permanent-surface runways

Area

total area: 1.9 sq km land area: 1.9 sq km comparative area: about three times the size of The Mall in Washington, DC

Birth rate

10.71 births/1,000 population (1994 est.)

Budget

revenues: $424 million expenditures: $376 million, including capital expenditures of $NA (1991 est.)

Capital

Monaco

Climate

Mediterranean with mild, wet winters and hot, dry summers

Coastline

4.1 km

Constitution

17 December 1962

Currency

1 French franc (F) = 100 centimes

Death rate

12.21 deaths/1,000 population (1994 est.)

Digraph

MN

Diplomatic representation in US

honorary consulate(s) general: Boston, Chicago, Los Angeles, New Orleans, New York, San Francisco, San Juan (Puerto Rico) honorary consulate(s): Dallas, Palm Beach, Philadelphia, and Washington

Economic aid

$NA

Electricity

capacity: 10,000 kW standby; power imported from France production: NA consumption per capita: NA (1992)

Environment

current issues: NA natural hazards: NA international agreements: party to - Biodiversity, Climate Change, Hazardous Wastes, Marine Dumping, Ozone Layer Protection, Ship Pollution, Whaling; signed, but not ratified - Law of the Sea

Ethnic divisions

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

Exchange rates

French francs (F) per US$1 - 5.9205 (January 1994), 5.6632 (1993), 5.2938 (1992), 5.6421 (1991), 5.4453 (1990), 6.3801 (1989)

Executive branch

chief of state: Prince RAINIER III (since NA November 1949); Heir Apparent Prince ALBERT Alexandre Louis Pierre (born 14 March 1958) head of government: Minister of State Jacques DUPONT (since NA 1991) cabinet: Council of Government; under the authority of the Prince

Exports

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

External debt

$NA

Fiscal year

calendar year

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

Highways

none; city streets

Imports

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

Independence

1419 (rule by the House of Grimaldi)

Industrial production

growth rate NA%

Infant mortality rate

7.2 deaths/1,000 live births (1994 est.)

Inflation rate (consumer prices)

NA%

International disputes

none

Irrigated land

NA sq km

Judicial branch

Supreme Tribunal (Tribunal Supreme)

Labor force

NA

Land boundaries

total 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%

Languages

French (official), English, Italian, Monegasque

Legal system

based on French law; has not accepted compulsory ICJ jurisdiction

Legislative branch

unicameral

Life expectancy at birth

total population: 77.69 years male: 73.94 years female: 81.64 years (1994 est.)

Literacy

total population: NA% male: NA% female: NA%

Location

Western Europe, bordering the Mediterranean Sea, in southern France near the border with Italy

Map references

Europe, Standard Time Zones of the World

Maritime claims

territorial sea: 12 nm

Member of

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

Merchant marine

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

Names

conventional long form: Principality of Monaco conventional short form: Monaco local long form: Principaute de Monaco local short form: Monaco

National Council (Conseil National)

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

National holiday

National Day, 19 November

National product

GDP - exchange rate conversion - $475 million (1991 est.)

National product per capita

$16,000 (1991 est.)

National product real growth rate

NA%

Nationality

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

Natural resources

none

Net migration rate

9.59 migrant(s)/1,000 population (1994 est.)

Note

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

defense is the responsibility of France

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.

Political parties and leaders

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

Population

31,278 (July 1994 est.)

Population growth rate

0.81% (1994 est.)

Ports

Monaco

Railroads

1.6 km 1.435-meter gauge

Religions

Roman Catholic 95%

Suffrage

25 years of age; universal

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

Terrain

hilly, rugged, rocky

Total fertility rate

1.7 children born/woman (1994 est.)

Type

constitutional monarchy

Unemployment rate

NEGL%

US diplomatic representation

no mission in Monaco, but the US Consul General in Marseille, France, is accredited to Monaco