Monaco
Principality of MonacoPrincipaute de Monaco
constitutional monarchyIndependence 1419 (rule by the House of Grimaldi)
Monaco as the 1995 edition of the CIA World Factbook published it: 74 fields, one of 36 editions from 1990 to 2025.
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Geography
Western Europe, bordering the Mediterranean Sea, on the | southern coast of France, near the border with Italy
14 fieldsLand useshare of 1.9 sq km
Location
Western Europe, bordering the Mediterranean Sea, on the southern coast of France, near the border with Italy
Environment
- current issues:
- NA
- natural hazards:
- NA
- international agreements:
- party to - Biodiversity, Climate Change, Endangered Species, Hazardous Wastes, Marine Dumping, Ozone Layer Protection, Ship Pollution, Whaling;
- signed, but not ratified - Law of the Sea
People
15 fieldsPer 1,000 population(1995 est.)
Age structure
- 0-14 years:
- 17% (female 2,691; male 2,740)
- 15-64 years:
- 63% (female 10,233; male 9,645)
- 65 years and over:
- 20% (female 3,939; male 2,267) (July 1995 est.)
Government
Constitutional monarchy; Prince RAINIER III (since NA November 1949); Minister of State Paul DIJOUD (since NA)
19 fieldsLegislature, 18 seatsone dot, one seat
Names
- 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
Executive branch
- 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 Paul DIJOUD (since NA)
- cabinet:
- Council of Government; under the authority of the Prince
National Council (Conseil National)
- elections last held 24 and 31 January 1993 (next to be held NA);
- results - percent of vote by party NA;
- seats - (18 total) Campora List 15, Medecin List 2, independent 1
Political parties and leaders
- National and Democratic Union (UND);
- Campora List, Anne-Marie CAMPORA;
- Medecin List, Jean-Louis MEDECIN
Member of
ACCT, ECE, IAEA, ICAO, ICRM, IFRCS, IMO, INMARSAT, INTELSAT, INTERPOL, IOC, ITU, OSCE, UN, UNCTAD, UNESCO, UPU, WHO, WIPO
Diplomatic representation in US
- 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, DC
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 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
Electricity
- capacity:
- 10,000 kW standby; power imported from France
- production:
- NA kWh
- consumption per capita:
- NA kWh (1993)
Exchange rates
French francs (F) per US$1 - 5.9243 (January 1995), 5.520 (1994), 5.6632 (1993), 5.2938 (1992), 5.6421 (1991), 5.4453 (1990)
Transportation
5 fieldsCommunications
3 fieldsTelephone system
38,200 telephones; automatic telephone system
- local:
- NA
- intercity:
- NA
- international:
- no satellite links; served by cable into the French communications system
Defense Forces
1 fieldCite this entry
Central Intelligence Agency. “Monaco.” The World Factbook 1995. Archived by The Factbook, thefactbook.org/monaco/1995.