ARCHIVE // MC // 1994

Monaco

1994 Edition — sovereign

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Communications
Airports [time series]
1 usable airfield with permanent-surface runways
Roadways (Highways) [time series]
none; city streets
Merchant marine [time series]
1 oil 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
Defense Forces
Note [time series]
defense is the responsibility of France
Economy
Agricultural products (Agriculture) [time series]
none
Budget [time series]
revenues: $424 million expenditures: $376 million, including capital expenditures of $NA (1991 est.)
Exchange rates (Currency) [time series]
1 French franc (F) = 100 centimes
Economic aid [time series]
$NA
Electricity [time series]
capacity: 10,000 kW standby; power imported from France production: NA consumption per capita: NA (1992)
Exchange rates [time series]
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)
Exports [time series]
$NA; full customs integration with France, which collects and rebates Monacan trade duties; also participates in EU market system through customs union with France
Debt - external (External debt) [time series]
$NA
Fiscal year [time series]
calendar year
Imports [time series]
$NA; full customs integration with France, which collects and rebates Monacan trade duties; also participates in EU 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%
Real GDP (purchasing power parity) (National product) [time series]
GDP - exchange rate conversion - $475 million (1991 est.)
Real GDP per capita (National product per capita) [time series]
$16,000 (1991 est.)
Real GDP growth rate (National product real growth rate) [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]
NEGL%
Geography
Area [time series]
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
Climate [time series]
Mediterranean with mild, wet winters and hot, dry summers
Coastline [time series]
4.1 km
Environment - current issues (Environment) [time series]
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
Disputes - international (International disputes) [time series]
none
Irrigated land [time series]
NA sq km
Land boundaries [time series]
total 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%
Location [time series]
Western Europe, bordering the Mediterranean Sea, in southern France near the border with Italy
Map references [time series]
Europe, Standard Time Zones of the World
Maritime claims [time series]
territorial sea: 12 nm
Natural resources [time series]
none
Note [time series]
second smallest independent state in world (after Holy See); almost entirely urban
Terrain [time series]
hilly, rugged, rocky
Government
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
Digraph [time series]
MN
Diplomatic representation in the US (Diplomatic representation in US) [time series]
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
Executive branch [time series]
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
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)
Legal system [time series]
based on French law; has not accepted compulsory ICJ jurisdiction
Legislative branch [time series]
unicameral
International organization participation (Member of) [time series]
ACCT, CSCE, ECE, IAEA, ICAO, IMF (observer), IMO, INMARSAT, INTELSAT, INTERPOL, IOC, ITU, LORCS, UN, UNCTAD, UNESCO, UPU, WHO, WIPO
Country name (Names) [time series]
conventional long form: Principality of Monaco conventional short form: Monaco local long form: Principaute de Monaco local short form: Monaco
Legislative branch (National Council (Conseil National)) [time series]
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 [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]
25 years of age; universal
Government type (Type) [time series]
constitutional monarchy
Diplomatic representation from the US (US diplomatic representation) [time series]
no mission in Monaco, but the US Consul General in Marseille, France, is accredited to Monaco
People
Birth rate [time series]
10.71 births/1,000 population (1994 est.)
Death rate [time series]
12.21 deaths/1,000 population (1994 est.)
Ethnic groups (Ethnic divisions) [time series]
French 47%, Monegasque 16%, Italian 16%, other 21%
Infant mortality rate [time series]
7.2 deaths/1,000 live births (1994 est.)
Labor force [time series]
NA
Languages [time series]
French (official), English, Italian, Monegasque
Life expectancy at birth [time series]
total population: 77.69 years male: 73.94 years female: 81.64 years (1994 est.)
Literacy [time series]
total population: NA% male: NA% female: NA%
Nationality [time series]
noun: Monacan(s) or Monegasque(s) adjective: Monacan or Monegasque
Net migration rate [time series]
9.59 migrant(s)/1,000 population (1994 est.)
Population [time series]
31,278 (July 1994 est.)
Population growth rate [time series]
0.81% (1994 est.)
Religions [time series]
Roman Catholic 95%
Total fertility rate [time series]
1.7 children born/woman (1994 est.)