Monaco

Branches

Ground Forces, Air and Air Defense Forces, Republic Security Forces (internal and border troops)

Defense expenditures

203 million lei, 2.5% of GDP (1995); note - conversion of defense expenditures into US dollars using the current exchange rate could produce misleading results

Manpower availability

males age 15-49: 1,125,538 males fit for military service: 888,757 males reach military age (18) annually: 37,183 (1996 est.)

Radio broadcast stations

AM 9, FM 5, shortwave NA (1994)

Radios

NA

Telephone system

telecommunication system not well developed; 215,000 unsatisfied requests for telephone service (1991 est.) domestic: NA international: international connections to other former Soviet republics by landline and microwave radio relay through Ukraine and to other countries by leased connections to the Moscow international gateway switch; satellite earth stations - 1 Eutelsat and 1 Intelsat

Telephones

577,000 (1991 est.)

Television broadcast stations

2 (one national and one private) (1995)

Televisions

NA Defense

Agriculture

none

Budget

revenues: $660 million expenditures: $586 million, including capital expenditures of $NA (1993 est.)

Currency

1 French franc (F) = 100 centimes

Economic aid

$NA

Economic 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; about 25% of revenue comes from tourism. Living standards are high, roughly comparable to those in prosperous French metropolitan areas.

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 - 5.0056 (January 1996), 4.9915 (1995), 5.520 (1994), 5.6632 (1993), 5.2938 (1992), 5.6421 (1991)

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

External debt

$NA

Fiscal year

calendar year

GDP

purchasing power parity - $788 million (1994 est.)

GDP composition by sector

agriculture: NA% industry: NA% services: NA%

GDP per capita

$25,000 (1994 est.)

GDP real growth rate

NA%

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

Industrial production growth rate

NA%

Inflation rate (consumer prices)

NA%

Labor force

NA

Unemployment rate

3.1% (1994)

Area

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

Climate

Mediterranean with mild, wet winters and hot, dry summers

Coastline

4.1 km

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

Geographic coordinates

43 44 N, 7 24 E

Geographic note

second smallest independent state in world (after Holy See); almost entirely urban

International disputes

none

Irrigated land

NA sq km

Land boundaries

total: 4.4 km border country: France 4.4 km

Land use

arable land: 0% permanent crops: 0% meadows and pastures: 0% forest and woodland: 0% other: 100%

Location

Western Europe, bordering the Mediterranean Sea, on the southern coast of France, near the border with Italy

Map references

Europe

Maritime claims

territorial sea: 12 nm

Natural resources

none

Terrain

hilly, rugged, rocky lowest point: Mediterranean Sea 0 m highest point: Mont Agel 140 m

Administrative divisions

4 quarters (quartiers, singular - quartier); Fontvieille, La Condamine, Monaco-Ville, Monte-Carlo

Capital

Monaco

Constitution

17 December 1962

Data code

MN

Diplomatic representation in US

Monaco does not have an embassy in the US consulate(s): New York honorary consulate(s) general: Boston, Chicago, Los Angeles, New Orleans, San Francisco, San Juan (Puerto Rico) honorary consulate(s): Dallas, Palm Beach, Philadelphia, and Washington, DC

Executive branch

chief of state: Prince RAINIER III (since NA November 1949) is a hereditary monarch; Heir Apparent Prince ALBERT Alexandre Louis Pierre (born 14 March 1958) head of government: Minister of State Jaques DUPONT (since NA 1995) was appointed by the prince from a list of three candidates presented by the French

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

Independence

1419 (rule by the House of Grimaldi)

International organization participation

ACCT, ECE, IAEA, ICAO, ICRM, IFRCS, IMO, Inmarsat, Intelsat, Interpol, IOC, ITU, OSCE, UN, UNCTAD, UNESCO, UPU, WHO, WIPO

Judicial branch

Supreme Tribunal (Tribunal Supreme)

Legal system

based on French law; has not accepted compulsory ICJ jurisdiction

Legislative branch

unicameral

Name of country

conventional long form: Principality of Monaco conventional short form: Monaco local long form: Principaute de Monaco local short form: Monaco

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

National holiday

National Day, 19 November

Political parties and leaders

National and Democratic Union (UND); Campora List, Anne-Marie CAMPORA; Medecin List, Jean-Louis MEDECIN

Suffrage

21 years of age; universal

Type of government

constitutional monarchy

US diplomatic representation

the US does not have an embassy in Monaco; the US Consul General in Marseille (France) is accredited to Monaco

Age structure

0-14 years: 17% (male 2,737; female 2,685) 15-64 years: 63% (male 9,746; female 10,318) 65 years and over: 20% (male 2,288; female 3,945) (July 1996 est.)

Birth rate

10.66 births/1,000 population (1996 est.)

Death rate

12.11 deaths/1,000 population (1996 est.)

Ethnic divisions

French 47%, Monegasque 16%, Italian 16%, other 21%

Infant mortality rate

6.9 deaths/1,000 live births (1996 est.)

Languages

French (official), English, Italian, Monegasque

Life expectancy at birth

total population: 78.07 years male: 74.38 years female: 81.93 years (1996 est.)

Literacy

NA

Nationality

noun: Monacan(s) or Monegasque(s) adjective: Monacan or Monegasque

Net migration rate

7.38 migrant(s)/1,000 population (1996 est.)

Population

31,719 (July 1996 est.)

Population growth rate

0.59% (1996 est.)

Religions

Roman Catholic 95%

Sex ratio

at birth: 1.05 male(s)/female under 15 years: 1.02 male(s)/female 15-64 years: 0.94 male(s)/female 65 years and over: 0.58 male(s)/female all ages: 0.87 male(s)/female (1996 est.)

Total fertility rate

1.7 children born/woman (1996 est.)

Airports

linked to airport in Nice, France, by helicopter service

Highways

total: 50 km paved: 50 km unpaved: 0 km (1994)

Merchant marine

none

Ports

Monaco

Railways

total: 1.7 km standard gauge: 1.7 km 1.435-m gauge