ARCHIVE // MC // 1998

Monaco

1998 Edition — sovereign

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Economy
Agricultural products (Agriculture-products) [time series]
none
Budget [time series]
revenues: $623.3 million expenditures: $638.7 million, including capital expenditures of $NA (1995 est.)
Exchange rates (Currency) [time series]
1 French franc (F) = 100 centimes
Debt - external (Debt-external) [time series]
$NA
Economic aid [time series]
$NA
Economic overview (Economy-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 55% of Monaco's annual revenue comes from value-added taxes on hotels, banks, and the industrial sector. Living standards are high, roughly comparable to those in prosperous French metropolitan areas.
Electricity - capacity (Electricity-capacity) [time series]
10,000 kW standby note: electricity imported from France
Electricity - consumption per capita (Electricity-consumption per capita) [time series]
NA kWh
Electricity - production (Electricity-production) [time series]
NA kWh
Exchange rates [time series]
French francs (F) per US$1-6.0836 (January 1998), 5.8367 (1997), 5.1155 (1996), 4.9915 (1995), 5.5520 (1994), 5.6632 (1993)
Exports [time series]
$NA; full customs integration with France, which collects and rebates Monegasque trade duties; also participates in EU market system through customs union with France
Fiscal year [time series]
calendar year Communications
Real GDP (purchasing power parity) (GDP) [time series]
purchasing power parity-$800 million (1996 est.)
GDP - composition, by sector of origin (GDP-composition by sector) [time series]
agriculture: NA% industry: NA% services: NA%
Real GDP per capita (GDP-per capita) [time series]
purchasing power parity-$25,000 (1996 est.)
Real GDP growth rate (GDP-real growth rate) [time series]
NA%
Imports [time series]
$NA; full customs integration with France, which collects and rebates Monegasque trade duties; also participates in EU market system through customs union with France
Industrial production growth rate [time series]
NA%
Inflation rate (consumer prices) (Inflation rate-consumer price index) [time series]
NA%
Labor force [time series]
total: 30,540 (1 January 1994)
Broadcast media (Radio broadcast stations) [time series]
AM 3, FM 4, shortwave 0
Radios [time series]
33,000 (1994 est.)
Telecommunication systems (Telephone system) [time series]
automatic telephone system domestic: NA international: no satellite earth stations; connected by cable into the French communications system
Telephones - fixed lines (Telephones) [time series]
53,180 (1994 est.)
Broadcast media (Television broadcast stations) [time series]
5 (1987 est.)
Televisions [time series]
24,000 (1994 est.)
Unemployment rate [time series]
3.1% (1994)
Geography
Area [time series]
total: 1.95 sq km land: 1.95 sq km water: 0 sq km
Area - comparative (Area-comparative) [time series]
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
Elevation (Elevation extremes) [time series]
lowest point: Mediterranean Sea 0 m highest point: Mont Agel 140 m
Environment - current issues (Environment-current issues) [time series]
NA
International environmental agreements (Environment-international agreements) [time series]
party to: Biodiversity, Climate Change, Endangered Species, Hazardous Wastes, Law of the Sea, Marine Dumping, Ozone Layer Protection, Ship Pollution, Whaling signed, but not ratified: none of the selected agreements
Geographic coordinates [time series]
43 44 N, 7 24 E
Geography - note (Geography-note) [time series]
second smallest independent state in world (after Holy See); almost entirely urban
Irrigated land [time series]
NA sq km
Land boundaries [time series]
total: 4.4 km border countries: France 4.4 km
Land use [time series]
arable land: 0% permanent crops: 0% permanent pastures: 0% forests and woodland: 0% other: 100% (urban area)
Location [time series]
Western Europe, bordering the Mediterranean Sea, on the southern coast of France, near the border with Italy
Map references [time series]
Europe
Maritime claims [time series]
territorial sea: 12 nm
Natural hazards [time series]
NA
Natural resources [time series]
none
Terrain [time series]
hilly, rugged, rocky
Government
Administrative divisions [time series]
4 quarters (quartiers, singular-quartier); Fontvieille, La Condamine, Monaco-Ville, Monte-Carlo
Constitution [time series]
17 December 1962
Country name [time series]
conventional long form: Principality of Monaco conventional short form: Monaco local long form: Principaute de Monaco local short form: Monaco
Data code [time series]
MN
Diplomatic representation from the US [time series]
the US does not have an embassy in Monaco; the US Consul General in Marseille (France) is accredited to Monaco
Diplomatic representation in the US [time series]
Monaco does not have an embassy in the US consulate(s): New York honorary consulate(s) general: Boston, Los Angeles, New Orleans, San Francisco, San Juan (Puerto Rico) honorary consulate(s): Dallas, Palm Beach, Philadelphia, and Washington, DC
Executive branch [time series]
chief of state: Prince RAINIER III (since 9 May 1949); Heir Apparent Prince ALBERT Alexandre Louis Pierre (born 14 March 1958) head of government: Minister of State Michel LEVEQUE (since 3 February 1997) cabinet: Council of Government is under the authority of the prince elections: none; the prince is a hereditary monarch; minister of state appointed by the prince from a list of three French national candidates presented by the French Government
Flag (Flag description) [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
Government type [time series]
constitutional monarchy
Independence [time series]
1419 (rule by the House of Grimaldi)
International organization participation [time series]
ACCT, ECE, IAEA, ICAO, ICRM, IFRCS, IHO, IMO, Inmarsat, Intelsat, Interpol, IOC, ITU, OSCE, UN, UNCTAD, UNESCO, UPU, WHO, WIPO, WMO
Judicial branch [time series]
Supreme Court or Tribunal Supreme, judges named by the prince on the basis of nominations by the National Council
Legal system [time series]
based on French law; has not accepted compulsory ICJ jurisdiction
Legislative branch [time series]
unicameral National Council or Conseil National (18 seats; members are elected by popular vote to serve five-year terms) elections: last held 24 and 31 January 1993 (next to be held NA January 1998) election results: percent of vote by party-NA; seats by party-National and Democratic Union 15, other 3
Capital (National capital) [time series]
Monaco
National holiday [time series]
National Day, 19 November
Political parties (Political parties and leaders) [time series]
National and Democratic Union or UND [Jean-Louis CAMPORA]
Suffrage [time series]
21 years of age; universal
Military
Military - note (Military-note) [time series]
defense is the responsibility of France
People
Age structure [time series]
0-14 years: 17% (male 2,730; female 2,659) 15-64 years: 64% (male 9,934; female 10,463) 65 years and over: 19% (male 2,300; female 3,949) (July 1998 est.)
Birth rate [time series]
10.71 births/1,000 population (1998 est.)
Death rate [time series]
11.86 deaths/1,000 population (1998 est.)
Ethnic groups [time series]
French 47%, Monegasque 16%, Italian 16%, other 21%
Infant mortality rate [time series]
6.6 deaths/1,000 live births (1998 est.)
Languages [time series]
French (official), English, Italian, Monegasque
Life expectancy at birth [time series]
total population: 78.41 years male: 74.79 years female: 82.21 years (1998 est.)
Literacy [time series]
NA
Nationality [time series]
noun: Monegasque(s) or Monacan(s) adjective: Monegasque or Monacan
Net migration rate [time series]
5.18 migrant(s)/1,000 population (1998 est.)
Population [time series]
32,035 (July 1998 est.)
Population growth rate [time series]
0.4% (1998 est.)
Religions [time series]
Roman Catholic 95%
Sex ratio [time series]
at birth: 1.05 male(s)/female under 15 years: 1.03 male(s)/female 15-64 years: 0.95 male(s)/female 65 years and over: 0.58 male(s)/female (1998 est.)
Total fertility rate [time series]
1.7 children born/woman (1998 est.)
Transnational Issues
Disputes - international (Disputes-international) [time series]
none MONGOLIA
Transportation
Airports [time series]
linked to airport in Nice, France, by helicopter service
Roadways (Highways) [time series]
total: 50 km paved: 50 km unpaved: 0 km (1996 est.)
Merchant marine [time series]
none
Ports (Ports and harbors) [time series]
Monaco
Railways [time series]
total: 1.7 km standard gauge: 1.7 km 1.435-m gauge