
Monaco in the World
Monaco - Introduction 2016
top of pageBackground: The Genoese built a fortress on the site of present day Monaco in 1215. The current ruling GRIMALDI family first seized temporary control in 1297 and again in 1331 but was not able to permanently secure its holding until 1419. 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.
Monaco - Geography 2016
top of pageLocation: 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 reference: Europe
Area
Total: 2 km²
Land: 2 km²
Water: 0 km²
Rank: 254
Comparative: about three times the size of the National Mall in Washington DC
Land boundaries
Total: 6 km
Border countries: (1) France 6 km
Coastline: 4.1 km
Maritime claims
Territorial sea: 12 nm
Exclusive economic zone: 12 nm
Climate: Mediterranean with mild wet winters and hot dry summers
Terrain: hilly rugged rocky
Elevation
Mean elevation: NA
Elevation extremes: lowest point: Mediterranean Sea 0 m: highest point: Mont Agel 140 m
Natural resources: none
Land use
Land use
Agricultural land: 1%
arable land: 0%
permanent crops: 1%
permanent pasture: 0%
permanent crops: 1%
permanent pasture: 0%
Forest: 0%
Other: 99%
Irrigated land: 0 km² (2012)
Major rivers
Major watersheds area km²
Total water withdrawal
Total renewable water resources
Natural hazards: NA
Geography
Note: second-smallest independent state in the world (after the Holy See); smallest country with a coastline; almost entirely urban
Monaco - People 2016
top of pagePopulation
Distribution: the most densely populated country in the world; its entire population living on 2 square km: 30,581 (July 2016 est.)
Note: immigrants make up more than 55% of the total population according to UN data
Rank: 218
Growth rate: 0.18% (2016 est.)
Growth rate rank: 189
Below poverty line: NA%
Nationality
Noun: Monegasque or Monacan
Adjective: Monegasque or Monacan
Ethnic groups: French (official) 47% Monegasque 16% Italian 16% other 21%
Languages: French (official) English Italian Monegasque
Religions: Roman Catholic 90% (official) other 10%
Demographic profile
Age structure
Age structure
0-14 years: 11.08%
15-24 years: 9.13%
25-54 years: 33.68%
55-64 years: 14.79%
65 years and over: 31.33% (2016 est.)
Dependency ratios
Median age
Total: 52.4 years
Male: 51.1 years
Female: 53.7 years
Rank: 1
Population growth rate: 0.18% (2016 est.)
Rank: 189
Birth rate: 6.6 births/1000 population (2016 est.)
Rank: 226
Death rate: 9.6 deaths/1000 population (2016 est.)
Rank: 50
Net migration rate: 4.7 migrant(s)/1000 population (2016 est.)
Rank: 26
Population distribution: the most densely populated country in the world; its entire population living on 2 square km
Urbanization
Urban population: 100% of total population
Rate of urbanization: 0.79% annual rate of change
Major urban areas
Population: MONACO (capital) 38,000 (2014)
Environment
Current issues: NA
International agreements party to: Air Pollution Air Pollution-Sulfur 94 Air Pollution-Volatile Organic Compounds Biodiversity Climate Change Climate Change-Kyoto Protocol Desertification Endangered Species Hazardous Wastes Law of the Sea Marine Dumping Ozone Layer Protection Ship Pollution Wetlands Whaling
International agreements signed but not ratified: none of the selected agreements
Air pollutants
Sex ratio
At birth: 1.04 male/female
0-14 years: 1.06 male/female
15-24 years: 1.06 male/female
25-54 years: 1 male/female
55-64 years: 0.99 male/female
65 years and over: 0.81 male/female
Total population: 0.95 male/female
Mothers mean age at first birth
Maternal mortality ratio
Infant mortality rate
Total: 1.8 deaths/1000 live births
Male: 2.1 deaths/1000 live births
Female: 1.6 deaths/1000 live births
Rank: 225
Life expectancy at birth
Total population: 89.5 years
Male: 85.6 years
Female: 93.5 years
Rank: 1
Total fertility rate: 1.53 children born/woman (2016 est.)
Rank: 193
Contraceptive prevalence rate
Drinking water source:
urban: 100% of population
total: 100% of population
urban: 0% of population
total: 0% of population (2015 est.)
total: 100% of population
urban: 0% of population
total: 0% of population (2015 est.)
Current health expenditure
Physicians density: 7.17 physicians/1000 population (2012)
Hospital bed density: 13.8 beds/1000 population (2012)
Sanitation facility access:
urban: 100% of population
rural: NA
total: 100% of population
urban: 0% of population
rural: NA
total: 0% of population (2015 est.)
rural: NA
total: 100% of population
urban: 0% of population
rural: NA
total: 0% of population (2015 est.)
Hiv/Aids
Adult prevalence rate: NA
People living with hivaids: NA
Deaths: NA
Major infectious diseases
Obesity adult prevalence rate
Alcohol consumption
Tobacco use
Children under the age of 5 years underweight
Education expenditures: 1% of GDP (2014)
Rank: 169
Literacy
School life expectancy primary to tertiary education
Youth unemployment
Monaco - Government 2016
top of pageCountry name
Conventional long form: Principality of Monaco
Conventional short form: Monaco
Local long form: Principaute de Monaco
Local short form: Monaco
Etymology: founded as a Greek colony in the 6th century B.C. the name derives from two Greek words 'monos' and 'oikos' (house) to convey the sense of a people 'living apart' or in a 'single habitation'
Government type: constitutional monarchy
Capital
Name: Monaco
Geographic coordinates: 43 44 N 7 25 E
Time difference: UTC+1
Daylight saving time: +1hr begins last Sunday in March; ends last Sunday in October
Administrative divisions: none; there are no first-order administrative divisions as defined by the US Government but there are 4 quarters (quartiers singular - quartier); Fontvieille La Condamine Monaco-Ville Monte-Carlo; note - Moneghetti a part of La Condamine is sometimes called the 5th quarter of Monaco
Dependent areas
Independence: 1419 (beginning of permanent rule by the House of GRIMALDI)
National holiday: National Day (Saint Rainier's Day) 19 November (1857)
Constitution: previous 1911 (suspended 1959); latest adopted 17 December 1962; amended 2002 (2016)
Legal system: civil law system influenced by French legal tradition
International law organization participation: has not submitted an ICJ jurisdiction declaration; non-party state to the ICCt
Citizenship
Citizenship by birth: no
Citizenship by descent only: the father must be a citizen of Monaco; in the case of a child born out of wedlock the mother must be a citizen and father unknown
Dual citizenship recognized: no
Residency requirement for naturalization: 10 years
Suffrage: 18 years of age; universal
Executive branch
Chief of state: Prince ALBERT II
Head of government: Minister of State Serge TELLE
Cabinet: Council of Government under the authority of the monarch
Electionsappointments: the monarchy is hereditary; minister of state appointed by the monarch from a list of three French national candidates presented by the French Government
Legislative branch
Description: unicameral National Council or Conseil National
Elections: last held on 10 February 2013
Election results: percent of vote by party - Horizon Monaco 50.3% Union Monegasque 39% Renaissance 10.7%; seats by party - Horizon Monaco 20 Union Monegasque 3 Renaissance 1
Judicial branch
Highest court: Supreme Court
Judge selection and term of office: Supreme Court members appointed by the monarch upon the proposals of the National Council State Council Crown Council Court of Appeal and Trial Court
Subordinate courts: Court of Appeal; Civil Court of First Instance
Political parties and leaders:
Horizon Monaco [Laurent NOUVION]
Renaissance [SBM (public corporation)]
Union Monegasque [Jean-Francois ROBILLON]
Renaissance [SBM (public corporation)]
Union Monegasque [Jean-Francois ROBILLON]
International organization participation: CD CE FAO IAEA ICAO ICC (national committees) ICRM IFRCS IHO IMO IMSO Interpol IOC IPU ITSO ITU OAS (observer) OIF OPCW OSCE Schengen Convention (de facto member) UN UNCTAD UNESCO UNIDO Union Latina UNWTO UPU WHO WIPO WMO
Diplomatic representation
In the us chief of mission: Ambassador Maguy MACCARIO-DOYLE
In the us chancery: 3,400 International Drive NW Suite 2K-100 Washington DC 20,008
In the us telephone: 234-1530
In the us FAX: 244-7,656
In the us consulate general: New York
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 diplomatic and consular matters concerning Monaco
Flag description: two equal horizontal bands of red (top) and white; the colors are those of the ruling House of Grimaldi and have been in use since 1339 making the flag one of the world's oldest national banners
Note: similar to the flag of Indonesia which is longer and the flag of Poland which is white and red
National symbols: red and white lozenges (diamond shapes); national colors: red white
National anthem
Name: 'A Marcia de Muneghu'
Lyrics and music: Louis NOTARI/Charles ALBRECHT
Note: music adopted 1867 lyrics adopted 1931; although French is commonly spoken only the Monegasque lyrics are official; the French version is known as 'Hymne Monegasque' ; the words are generally only sung on official occasions
National heritage
Monaco - Economy 2016
top of pageEconomy overview:
Monaco bordering France on the Mediterranean coast is a popular resort attracting tourists to its casino and pleasant climate. The principality also is a banking center and has successfully sought to diversify into services and small high-value-added nonpolluting industries. 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.
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. Monaco however is not a tax-free shelter; it charges nearly 20% value-added tax collects stamp duties and companies face a 33% tax on profits unless they can show that three-quarters of profits are generated within the principality. Monaco was formally removed from the OECD's 'grey list' of uncooperative tax jurisdictions in late 2009 but continues to face international pressure to abandon its banking secrecy laws and help combat tax evasion. In October 2014 Monaco officially became the 84th jurisdiction participating in the OECD’s Multilateral Convention on Mutual Administrative Assistance in Tax Matters an effort to combat offshore tax avoidance and evasion.
Monaco's reliance on tourism and banking for its economic growth has left it vulnerable to a downturn in France and other European economies which are the principality's main trade partners. In 2009 Monaco's GDP fell by 11.5% as the euro-zone crisis precipitated a sharp drop in tourism and retail activity and home sales. A modest recovery ensued in 2010 and intensified in 2013 with GDP growth of more than 9% but Monaco's economic prospects remain uncertain and tied to future euro-zone growth.
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. Monaco however is not a tax-free shelter; it charges nearly 20% value-added tax collects stamp duties and companies face a 33% tax on profits unless they can show that three-quarters of profits are generated within the principality. Monaco was formally removed from the OECD's 'grey list' of uncooperative tax jurisdictions in late 2009 but continues to face international pressure to abandon its banking secrecy laws and help combat tax evasion. In October 2014 Monaco officially became the 84th jurisdiction participating in the OECD’s Multilateral Convention on Mutual Administrative Assistance in Tax Matters an effort to combat offshore tax avoidance and evasion.
Monaco's reliance on tourism and banking for its economic growth has left it vulnerable to a downturn in France and other European economies which are the principality's main trade partners. In 2009 Monaco's GDP fell by 11.5% as the euro-zone crisis precipitated a sharp drop in tourism and retail activity and home sales. A modest recovery ensued in 2010 and intensified in 2013 with GDP growth of more than 9% but Monaco's economic prospects remain uncertain and tied to future euro-zone growth.
Real gdp purchasing power parity:
$6.79 billion (2013 est.)
$6.213 billion (2012 est.)
$5.748 billion (2011 est.)
$6.213 billion (2012 est.)
$5.748 billion (2011 est.)
Note: data are in 2012 US dollars
Rank: 166
Real gdp growth rate:
9.3% (2013 est.)
1.2% (2012 est.)
7% (2011 est.)
1.2% (2012 est.)
7% (2011 est.)
Rank: 5
Real gdp per capita:
$78,700 (2013 est.)
$73,200 (2012 est.)
$72,600 (2011 est.)
$73,200 (2012 est.)
$72,600 (2011 est.)
Rank: 9
Gross national saving
Gdp composition by sector of origin
Gdp composition by end use
Gdp composition by sector of origin
Agriculture: 0%
Industry: 14%
Services: 86%
Agriculture products: none
Industries: banking insurance tourism construction small-scale industrial and consumer products
Industrial production growth rate: 20% (2013)
Rank: 2
Labor force: 52,000
Note: includes all foreign workers
Rank: 190
By occupation agriculture: 0%
By occupation industry: 16.1%
By occupation services: 83.9%
Labor force
Unemployment rate: 2% (2012)
Rank: 13
Youth unemployment
Population below poverty line: NA%
Gini index
Household income or consumption by percentage share
Lowest 10: NA%
Highest 10: NA%
Distribution of family income gini index
Budget
Revenues: $1.075 billion
Expenditures: $1.144 billion
Surplus or deficit: -1.1% of GDP (2011 est.)
Surplus or deficit rank: 61
Taxes and other revenues: 17.7% of GDP (2011 est.)
Rank: 175
Public debt
Revenue
Fiscal year: calendar year
Inflation rate consumer prices: 1.5% (2010)
Rank: 109
Central bank discount rate
Commercial bank prime lending rate
Stock of narrow money
Stock of broad money
Stock of domestic credit
Market value of publicly traded shares: $N/A
Current account balance
Exports:
$1.115 billion (2011)
$684.9 million (2010)
$684.9 million (2010)
Note: full customs integration with France which collects and rebates Monegasque trade duties; also participates in EU market system through customs union with France
Rank: 156
Partners: Europe 73.2% Africa 14.6% America 5.2% Asia 4.9% (2013 est.)
Imports:
$1.162 billion (2011)
$850.2 million (2010)
$850.2 million (2010)
Note: full customs integration with France which collects and rebates Monegasque trade duties; also participates in EU market system through customs union with France
Rank: 177
Partners: Europe 70.4% Asia 20.8% America 4.4% Africa 4.1% (2013 est.)
Reserves of foreign exchange and gold
Debt external: $N/A
Stock of direct foreign investment at home
Stock of direct foreign investment abroad
Exchange rates:
euros (EUR) per US dollar -
0.885 (2015 est.)
0.7525 (2014 est.)
0.7634 (2013 est.)
0.78 (2012 est.)
0.7185 (2011 est.)
0.885 (2015 est.)
0.7525 (2014 est.)
0.7634 (2013 est.)
0.78 (2012 est.)
0.7185 (2011 est.)
Monaco - Energy 2016
top of pageElectricity
Access electrification total population: 100%
Coal
Petroleum
Crude oil
Refined petroleum
Natural gas
Carbon dioxide emissions
Energy consumption per capita
Monaco - Communication 2016
top of pageTelephones
Fixed lines total subscriptions: 49,085
Fixed lines subscriptions per 100 inhabitants: 130
Fixed lines rank: 162
Mobile cellular total: 34,000
Mobile cellular subscriptions per 100 inhabitants: 90
Mobile cellular rank: 207
Telephone system
General assessment: modern automatic telephone system; the country's sole fixed-line operator offers a full range of services to residential and business customers
Domestic: combined fixed-line and mobile-cellular teledensity exceeds 200 per 100 persons
International: country code - 377; no satellite earth stations; connected by cable into the French communications system
Broadcast media: TV Monte-Carlo operates a TV network; cable TV available; Radio Monte-Carlo has extensive radio networks in France and Italy with French-language broadcasts to France beginning in the 1960s and Italian-language broadcasts to Italy beginning in the 1970s; other radio stations include Riviera Radio and Radio Monaco (2012)
Internet
Country code: .mc
Users total: 35,000
Users percent of population: 93.4%
Users rank: 199
Broadband fixed subscriptions
Monaco - Military 2016
top of pageMilitary expenditures
Military and security forces
Military service age and obligation
Space program
Terrorist groups
Monaco - Transportation 2016
top of pageNational air transport system
Civil aircraft registration country code prefix: 3A (2016)
Airports
Heliports: 1 (2012)
Pipelines
Railways
Roadways
Total: 77 km
Paved: 77 km
Rank: 218
Waterways
Merchant marine
Registered in other countries: 64 (2010)
Rank: 63
Ports and terminals
Major seaport: Monaco
Monaco - Transnational issues 2016
top of pageDisputes international: none
Refugees and internally displaced persons
Illicit drugs
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