Monaco
constitutional monarchyIndependence 1419 (rule by the House of Grimaldi)
Monaco as the 1994 edition of the CIA World Factbook published it: 93 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
22 fieldsLocation
Western Europe, bordering the Mediterranean Sea, in southern France near the border with Italy
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
territorial sea
12 nm
arable land
0%
permanent crops
0%
meadows and pastures
0%
forest and woodland
0%
other
100%
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
People
19 fieldsPer 1,000 population(1994 est.)
total population
77.69 years
male
73.94 years
female
81.64 years (1994 est.)
noun
Monacan(s) or Monegasque(s)
adjective
Monacan or Monegasque
total population
NA%
male
NA%
female
NA%
Government
Constitutional monarchy
25 fieldsLegislature, 18 seatsone dot, one seat
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
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
National Council (Conseil National)
- elections last held on 24 January 1988 (next to be held NA);
- results - percent of vote by party NA;
- seats - (18 total) UND 18
Political parties and leaders
- National and Democratic Union (UND);
- Democratic Union Movement (MUD);
- Monaco Action;
- Monegasque Socialist Party (PSM)
Member of
ACCT, CSCE, ECE, IAEA, ICAO, IMF (observer), IMO, INMARSAT, INTELSAT, INTERPOL, IOC, ITU, LORCS, UN, UNCTAD, UNESCO, UPU, WHO, WIPO
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
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.
20 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.
revenues
$424 million
expenditures
$376 million, including capital expenditures of $NA (1991 est.)
Exports
- $NA;
- full customs integration with France, which collects and rebates Monacan trade duties;
- also participates in EU market system through customs union with France
Imports
- $NA;
- full customs integration with France, which collects and rebates Monacan trade duties;
- also participates in EU market system through customs union with France
capacity
10,000 kW standby; power imported from France
production
NA
consumption per capita
NA (1992)
Exchange rates
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)
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 1994. Archived by The Factbook, thefactbook.org/monaco/1994.