2007 Edition

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

Age structure

0-14 years: 15.2% (male 2,539/female 2,417) 15-64 years: 62.1% (male 9,959/female 10,266) 65 years and over: 22.6% (male 3,015/female 4,347) (2006 est.)

Agriculture - products

none

Area

land

1.95 sq km

total

1.95 sq km

water

0 sq km

Area - comparative

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

Background

The Genoese built a fortress on the site of present-day Monaco in 1215. The current ruling Grimaldi family secured control in the late 13th century, and a principality was established in 1338. 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 Monaco

Birth rate

9.19 births/1,000 population (2006 est.)

Budget

expenditures

$864.1 million; including capital expenditures of $283.1 million (2004 est.)

revenues

$719.2 million

Capital

daylight saving time

+1hr, begins last Sunday in March; ends last Sunday in October

geographic coordinates

43 44 N, 7 25 E

name

Monaco

time difference

UTC+1 (6 hours ahead of Washington, DC during Standard Time)

Climate

Mediterranean with mild, wet winters and hot, dry summers

Coastline

4.1 km

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

Currency (code)

euro (EUR)

Currency code

EUR

Death rate

12.91 deaths/1,000 population (2006 est.)

Debt - external

$18 billion (2000 est.)

Diplomatic representation from the US

the US does not have an embassy in Monaco; the US Ambassador to France is accredited to Monaco; the US Consul General in Marseille (France), under the authority of the US ambassador to France, handles routine diplomatic and consular matters concerning Monaco

Diplomatic representation in the US

chancery

565 Fifth Avenue, 3rd floor, New York, NY 10017

chief of mission

Ambassador to the US and UN Gilles NOGHES

telephone

(212) 286-0500

Disputes - international

none This page was last updated on 8 February, 2007

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.

Electricity - consumption

NA kWh

Electricity - imports

NA kWh; note - electricity supplied by France

Elevation extremes

highest point

Mont Agel 140 m

lowest point

Mediterranean Sea 0 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

Ethnic groups

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

Exchange rates

euros per US dollar - 0.7967 (2006), 0.8041 (2005), 0.8054 (2004), 0.886 (2003), 1.0626 (2002)

Executive branch

cabinet

Council of Government is under the authority of the monarch

chief of state

Prince ALBERT II (since 6 April 2005)

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

head of government

Minister of State Jean-Paul PROUST (since 1 June 2005)

Exports

$656.5 million

note

full customs integration with France, which collects and rebates Monegasque trade duties; also participates in EU market system through customs union with France (2004)

FAX

(212) 286-1574

Fiscal year

calendar year Communications 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 Monaco

GDP - composition by sector

agriculture

0%

industry

4.9%

services

95.1% (2005)

GDP - per capita (PPP)

$27,000 (2000 est.)

GDP - real growth rate

0.9% (2000 est.)

GDP (official exchange rate)

NA

GDP (purchasing power parity)

$870 million

note

Monaco does not publish national income figures; the estimates are extremely rough (2000 est.)

Geographic coordinates

43 44 N, 7 24 E

Geography - note

second-smallest independent state in the world (after Holy See); almost entirely urban People Monaco

Government type

constitutional monarchy

Heliports

1 (2006)

HIV/AIDS - adult prevalence rate

NA

HIV/AIDS - deaths

NA

HIV/AIDS - people living with HIV/AIDS

NA

Household income or consumption by percentage share

highest 10%

NA%

lowest 10%

NA%

Imports

$636.6 million

note

full customs integration with France, which collects and rebates Monegasque trade duties; also participates in EU market system through customs union with France (2004)

Independence

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

Industrial production growth rate

NA%

Industries

tourism, construction, small-scale industrial and consumer products

Infant mortality rate

female

4.46 deaths/1,000 live births (2006 est.)

male

6.19 deaths/1,000 live births

total

5.35 deaths/1,000 live births

Inflation rate (consumer prices)

1.9% (2000)

International organization participation

ACCT, CE, FAO, IAEA, ICAO, ICC, ICCt (signatory), ICRM, IFRCS, IHO, IMO, Interpol, IOC, IPU, ITU, OIF, OPCW, OSCE, UN, UNCTAD, UNESCO, UNIDO, UNITAR, UNWTO, UPU, WHO, WIPO, WMO

Internet country code

.mc

Internet hosts

12,720 (2006)

Internet Service Providers (ISPs)

2 (2000)

Internet users

16,000 (2002) Transportation Monaco

Irrigated land

NA

Judicial branch

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

Labor force

41,110

note

includes workers from all foreign countries (2004)

Land boundaries

border countries

France 4.4 km

total

4.4 km

Land use

arable land

0%

other

100% (urban area) (2005)

permanent crops

0%

Languages

French (official), English, Italian, Monegasque

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)

election results

percent of vote by party - NA%; seats by party - UNAM 21, UND 3

elections

last held 9 February 2003 (next to be held February 2008)

Life expectancy at birth

female

83.74 years (2006 est.)

male

75.85 years

total population

79.69 years

Literacy

definition

age 15 and over can read and write

female

99% (2003 est.) Government Monaco

male

99%

total population

99%

Location

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

Manpower available for military service

males age 18-49

6,256 (2005 est.)

Manpower fit for military service

males age 18-49

4,971 (2005 est.)

Manpower reaching military service age annually

males age 18-49

148 (2005 est.)

Map references

Europe

Maritime claims

territorial sea

12 nm

Median age

female

47.3 years (2006 est.)

male

43.3 years

total

45.4 years

Merchant marine

registered in other countries

77 (Bahamas 17, Barbados 1, Bermuda 2, France 1, Georgia 13, Isle of Man 3, Liberia 10, Malta 1, Marshall Islands 8, Norway 4, Panama 9, Saint Kitts and Nevis 1, Saint Vincent and the Grenadines 4, Switzerland 2, unknown 1) (2006)

Military - note

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

National holiday

National Day (Prince of Monaco Holiday), 19 November

Nationality

adjective

Monegasque or Monacan

noun

Monegasque(s) or Monacan(s)

Natural hazards

NA

Natural resources

none

Net migration rate

7.68 migrant(s)/1,000 population (2006 est.)

Political parties and leaders

National and Democratic Union or UND [Guy MAGNAN]; Union for Monaco or UPM (including National Union for the Future of Monaco or UNAM)

Political pressure groups and leaders

NA

Population

32,543 (July 2006 est.)

Population below poverty line

NA%

Population growth rate

0.4% (2006 est.)

Ports and terminals

Monaco Military Monaco

Radio broadcast stations

AM 1, FM NA, shortwave 8 (1998)

Radios

34,000 (1997)

Religions

Roman Catholic 90%

Roadways

paved

50 km (1999)

total

50 km

Sex ratio

at birth

1.05 male(s)/female

total population

0.91 male(s)/female (2006 est.)

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

Suffrage

18 years of age; universal

Telephone system

domestic

NA

general assessment

modern automatic telephone system

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)

Televisions

25,000 (1997)

Terrain

hilly, rugged, rocky

Total fertility rate

1.76 children born/woman (2006 est.)

Unemployment rate

22% (1999)