Airports [time series]

1 usable airfield with permanent-surface runways

Civil air [time series]

no major transport aircraft

Roadways (Highways) [time series]

none; city streets

Merchant marine [time series]

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

Ports [time series]

Monaco

Railways (Railroads) [time series]

1.6 km 1.435-meter gauge

Telecommunication systems (Telecommunications) [time series]

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

Note [time series]

defense is the responsibility of France

Agricultural products (Agriculture) [time series]

NA

Budget [time series]

revenues $424 million; expenditures $376 million, including capital expenditures of $NA (1991)

Exchange rates (Currency) [time series]

French franc (plural - francs); 1 French franc (F) = 100 centimes

Economic aid [time series]

NA

Electricity [time series]

10,000 kW standby capacity (1991); power supplied by France Indus

Exchange rates [time series]

French francs (F) per US$1 - 5.3801 (January 1992), 5.6421 (1991), 5.4453 (1990), 6.3801 (1989), 5.9569 (1988), 6.0107 (1987)

Exports [time series]

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

Debt - external (External debt) [time series]

$NA

Fiscal year [time series]

calendar year

Real GDP (purchasing power parity) (GDP) [time series]

exchange rate conversion - $475 million, per capita $16,000; real growth rate NA% (1991 est.)

Imports [time series]

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

Industrial production growth rate (Industrial production) [time series]

growth rate NA%

Inflation rate (consumer prices) [time series]

NA%

Economic overview (Overview) [time series]

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.

Unemployment rate [time series]

full employment (1989)

Climate [time series]

Mediterranean with mild, wet winters and hot, dry summers

Coastline [time series]

4.1 km

Area - comparative (Comparative area) [time series]

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

Disputes - international (Disputes) [time series]

none

Environment - current issues (Environment) [time series]

almost entirely urban

Area (Land area) [time series]

1.9 km2

Land boundaries [time series]

4.4 km; France 4.4 km

Land use [time series]

arable land 0%; permanent crops 0%; meadows and pastures 0%; forest and woodland 0%; other 100%

Maritime claims [time series]

Territorial sea: 12 nm

Natural resources [time series]

none

Note [time series]

second-smallest independent state in world (after Vatican City)

Terrain [time series]

hilly, rugged, rocky

Area (Total area) [time series]

1.9 km2

Administrative divisions [time series]

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

Capital [time series]

Monaco

Constitution [time series]

17 December 1962

Diplomatic representation in the US (Diplomatic representation) [time series]

Monaco maintains honorary consulates general in Boston, Chicago, Los Angeles, New Orleans, New York, and San Francisco, and honorary consulates in Dallas, Honolulu, Palm Beach, Philadelphia, and Washington US: no mission in Monaco, but the US Consul General in Marseille, France, is accredited to Monaco; Consul General R. Susan WOOD; Consulate General at 12 Boulevard Paul Peytral, 13286 Marseille Cedex (mailing address APO AE 09777); telephone [33] (91) 549-200

Executive branch (Elections) [time series]

National Council: last held on 24 January 1988 (next to be held 24 January 1993); results - percent of vote by party NA; seats - (18 total) UND 18

Executive branch [time series]

prince, minister of state, Council of Government (cabinet)

Flag [time series]

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

Independence [time series]

1419, rule by the House of Grimaldi

Judicial branch [time series]

Supreme Tribunal (Tribunal Supreme)

Executive branch (Leaders) [time series]

Chief of State: Prince RAINIER III (since November 1949); Heir Apparent Prince ALBERT Alexandre Louis Pierre (born 14 March 1958) Head of Government: Minister of State Jean AUSSEIL (since 16 September 1985)

Legal system [time series]

based on French law; has not accepted compulsory ICJ jurisdiction

Legislative branch [time series]

National Council (Conseil National)

Country name (Long-form name) [time series]

Principality of Monaco

International organization participation (Member of) [time series]

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

National holiday [time series]

National Day, 19 November

Political parties (Political parties and leaders) [time series]

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

Suffrage [time series]

universal adult at age 25

Government type (Type) [time series]

constitutional monarchy

Birth rate [time series]

7 births/1,000 population (1992)

Death rate [time series]

7 deaths/1,000 population (1992)

Ethnic groups (Ethnic divisions) [time series]

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

Infant mortality rate [time series]

8 deaths/1,000 live births (1992)

Labor force [time series]

NA

Languages [time series]

French (official), English, Italian, Monegasque

Life expectancy at birth [time series]

72 years male, 80 years female (1992)

Literacy [time series]

NA% (male NA%, female NA%)

Nationality [time series]

noun - Monacan(s) or Monegasque(s); adjective - Monacan or Monegasque

Net migration rate [time series]

9 migrants/1,000 population (1992)

Organized labor [time series]

4,000 members in 35 unions

Population [time series]

29,965 (July 1992), growth rate 0.9% (1992)

Religions [time series]

Roman Catholic 95%

Total fertility rate [time series]

1.1 children born/woman (1992)