Monaco
Principality of MonacoPrincipaute de Monaco
constitutional monarchyIndependence 1419 (rule by the House of Grimaldi)
Monaco as the 1993 edition of the CIA World Factbook published it: 72 fields, one of 36 editions from 1990 to 2025.
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Geography
Western Europe, bordering the Mediterranean Sea, in southern France near the | border with Italy
14 fieldsLand useshare of 1.9 km2
Location
Western Europe, bordering the Mediterranean Sea, in southern France near the border with Italy
People
14 fieldsPer 1,000 population(1993 est.)
Government
Constitutional monarchy
20 fieldsNames
- conventional long form:
- Principality of Monaco
- conventional short form:
- Monaco
- local long form:
- Principaute de Monaco
- local short form:
- Monaco
Administrative divisions
4 quarters (quartiers, singular - quartier); Fontvieille, La Condamine, Monaco-Ville, Monte-Carlo
Political parties and leaders
- National and Democratic Union (UND);
- Democratic Union Movement (MUD);
- Monaco Action;
- Monegasque Socialist Party (PSM)
Elections
- 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
Leaders
- 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)
Member of
ACCT, CSCE, IAEA, ICAO, IMF (observer), IMO, INMARSAT, INTELSAT, INTERPOL, IOC, ITU, LORCS, UN, UNCTAD, UNESCO, UPU, WHO, WIPO
Diplomatic representation in US
- honorary consulates general:
- Boston, Chicago, Los Angeles, New Orleans, New York, San Francisco, San Juan (Puerto Rico)
- honorary consulates:
- Dallas, Honolulu, Palm Beach, Philadelphia, and Washington
US diplomatic representation
no mission in Monaco, but the US Consul General in Marseille, France, is accredited to Monaco
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
Monaco, situated on the French Mediterranean coast, is a popular resort, | attracting tourists to its casino and pleasant climate.
17 fieldsOverview
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.
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 - 5.4812 (January 1993), 5.2938 (1992), 5.6421 (1991), 5.4453 (1990), 6.3801 (1989), 5.9569 (1988)
Communications
6 fieldsTelecommunications
- 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
1 fieldCite this entry
Central Intelligence Agency. “Monaco.” The World Factbook 1993. Archived by The Factbook, thefactbook.org/monaco/1993.