Monaco
constitutional monarchyIndependence 1419, rule by the House of Grimaldi
Monaco as the 1990 edition of the CIA World Factbook published it: 65 fields, one of 36 editions from 1990 to 2025.
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Geography
11 fieldsLand useshare of 1.9 km2
People
14 fieldsPer 1,000 population(1990)
Government
Constitutional monarchy
16 fieldsNational Council, 18 seats, elected 24 January 1988one dot, one seat
Administrative divisions
4 quarters (quartiers, singular--quartier); Fontvieille, La Condamine, Monaco-Ville, Monte-Carlo
Judicial branch
- Supreme Tribunal (Tribunal Supreme) 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 10 September 1985)
Political parties and leaders
National and Democratic Union (UND), Democratic Union Movement (MUD), Monaco Action, Monegasque Socialist Party (PSM)
Suffrage
- universal adult at age 25 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
Member of
IAEA, ICAO, IHO, INTELSAT, INTERPOL, IPU, ITU, UN (permanent observer), UNESCO, UPU, WHO, WIPO
Diplomatic representation
- 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 NY 09777);
- telephone [33] (91) 549-200
Flag
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
No data are published on the economy.
16 fieldsOverview
No data are published on the economy. 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, non-polluting 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.
Exports
- $NA;
- full customs integration with France, which collects and rebates Monacan trade duties;
- also participates in EC market system through customs union with France
Imports
- $NA;
- full customs integration with France, which collects and rebates Monacan trade duties;
- also participates in EC market system through customs union with France
Exchange rates
French francs (F) per US$1--5.7598 (January 1990), 6.3801 (1989), 5.9569 (1988), 6.0107 (1987), 6.9261 (1986), 8.9852 (1985)
Communications
7 fieldsTelecommunications
- served by the French communications system;
- automatic telephone system;
- 38,200 telephones;
- stations--3 AM, 4 FM, 5 TV;
- no communication satellite stations
Defense Forces
1 fieldCite this entry
Central Intelligence Agency. “Monaco.” The World Factbook 1990. Archived by The Factbook, thefactbook.org/monaco/1990.