Monaco
Principality of MonacoPrincipaute de Monaco
constitutional monarchyIndependence 1419 (rule by the House of Grimaldi)
Monaco as the 1998 edition of the CIA World Factbook published it: 85 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
18 fieldsLand useshare of 1.95 sq km
Location
Western Europe, bordering the Mediterranean Sea, on the southern coast of France, near the border with Italy
Environment-international agreements
- 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
People
15 fieldsPer 1,000 population(1998 est.)
Age structure
- 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.)
Sex ratio
- 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.)
Government
Constitutional monarchy; Prince RAINIER III (since 9 May 1949); Minister of State Michel LEVEQUE (since 3 February 1997)
18 fieldsLegislature, 3 seats, elected 24 and 31 January 1993one dot, one seat
Country name
- 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 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
Legislative branch
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
Judicial branch
Supreme Court or Tribunal Supreme, judges named by the prince on the basis of nominations by the National Council
International organization participation
ACCT, ECE, IAEA, ICAO, ICRM, IFRCS, IHO, IMO, Inmarsat, Intelsat, Interpol, IOC, ITU, OSCE, UN, UNCTAD, UNESCO, UPU, WHO, WIPO, WMO
Diplomatic representation in the US
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
Diplomatic representation from the US
the US does not have an embassy in Monaco; the US Consul General in Marseille (France) is accredited to Monaco
Flag description
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.
27 fieldsEconomy-overview
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.
Exports
- $NA;
- full customs integration with France, which collects and rebates Monegasque trade duties;
- also participates in EU market system through customs union with France
Imports
- $NA;
- full customs integration with France, which collects and rebates Monegasque trade duties;
- also participates in EU market system through customs union with France
Exchange rates
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)
Telephone system
automatic telephone system
- domestic:
- NA
- international:
- no satellite earth stations; connected by cable into the French communications system
Transportation
5 fieldsNetworkskm
Military
1 fieldTransnational Issues
1 fieldCite this entry
Central Intelligence Agency. “Monaco.” The World Factbook 1998. Archived by The Factbook, thefactbook.org/monaco/1998.