Nationality:
French 47%, Monegasque 16%, Italian 16%, other 21%
Languages:
French (official), English, Italian, Monegasque
Religions:
Roman Catholic 90% (official), other 10%
Population:
30,508 country comparison to the world: 218 note:immigrants make up more than 60% of the total population, according to UN data (2013) (July 2014 est.)
Age structure:
0.06% (2014 est.) country comparison to the world: 186
Birth rate:
6.72 births/1,000 population (2014 est.) country comparison to the world: 224
Death rate:
9.01 deaths/1,000 population (2014 est.) country comparison to the world: 67
Net migration rate:
2.85 migrant(s)/1,000 population (2014 est.) country comparison to the world: 35
Urbanization:
1.52 children born/woman (2014 est.) country comparison to the world: 190
Health expenditures:
4.3% of GDP (2011) country comparison to the world: 157
Physicians density:
7.06 physicians/1,000 population (2011)
Hospital bed density:
16.5 beds/1,000 population (2011)
Drinking water source:
NA
HIV/AIDS - people living with HIV/AIDS:
NA
HIV/AIDS - deaths:
NA
Education expenditures:
1.6% of GDP (2011) country comparison to the world: 169
Literacy:
constitutional monarchy
Capital:
none; there are no first-order administrative divisions as defined by the US Government, but there are four quarters (quartiers, singular - quartier); Fontvieille, La Condamine, Monaco-Ville, Monte-Carlo; note - Moneghetti, a part of La Condamine, is sometimes called the 5th quarter of Monaco
Independence:
1419 (beginning of permanent rule by the House of GRIMALDI)
National holiday:
National Day (Saint Rainier's Day), 19 November (1857)
Constitution:
previous 1911 (suspended 1959); latest adopted 17 December 1962; amended 2002 (2013)
Legal system:
civil law system influenced by French legal tradition
International law organization participation:
has not submitted an ICJ jurisdiction declaration; non-party state to the ICCt
Suffrage:
18 years of age; universal
Executive branch:
unicameral National Council or Conseil National (24 seats; 16 members elected by list majority system, 8 by proportional representation to serve five-year terms) elections:last held on 10 February 2013 (next to be held in February 2018) election results:percent of vote by party - Horizon Monaco 50.3%, Union Monegasque 39%, Renaissance 10.7%; seats by party - Horizon Monaco 20, Union Monegasque 3, Renaissance 1
Judicial branch:
Horizon Monaco [Laurent NOUVION] Renaissance [SBM (public corporation)] Union Monegasque [Stephane VALERI]
Political pressure groups and leaders:
NA
International organization participation:
CD, CE, FAO, IAEA, ICAO, ICC (national committees), ICRM, IFRCS, IHO, IMO, IMSO, Interpol, IOC, IPU, ITSO, ITU, OAS (observer), OIF, OPCW, OSCE, Schengen Convention (de facto member), UN, UNCTAD, UNESCO, UNIDO, Union Latina, UNWTO, UPU, WHO, WIPO, WMO
Diplomatic representation in the US:
the US does not have an embassy in Monaco; the US Ambassador to France is accredited to Monaco; the US Consul General in Marseille (France), under the authority of the US ambassador to France, handles diplomatic and consular matters concerning Monaco
Flag description:
two equal horizontal bands of red (top) and white; the colors are those of the ruling House of Grimaldi and have been in use since 1339, making the flag one of the world's oldest national banners note:similar to the flag of Indonesia which is longer and the flag of Poland which is white (top) and red
National anthem:
Monaco, bordering France on the Mediterranean coast, is a popular resort, attracting tourists to its casino and pleasant climate. The principality also is a banking center and 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. Monaco, however, is not a tax-free shelter; it charges nearly 20% value-added tax, collects stamp duties, and companies face a 33% tax on profits unless they can show that three-quarters of profits are generated within the principality. Monaco's reliance on tourism and banking for its economic growth has left it vulnerable to a downturn in France and other European economies which are the principality's main trade partners. In 2009, Monaco's GDP fell by 11.5% as the euro-zone crisis precipitated a sharp drop in tourism and retail activity and home sales. A modest recovery ensued in 2010, but Monaco's economic prospects remain uncertain, and tied to future euro-zone growth. Weak economic growth also has deteriorated public finances as the principality recorded budget deficits in 2011-12. Monaco was formally removed from the OECD's 'grey list' of uncooperative tax jurisdictions in late 2009, but continues to face international pressure to abandon its banking secrecy laws and help combat tax evasion. The state retains monopolies in a number of sectors, including tobacco, the telephone network, and the postal service. Living standards are high, roughly comparable to those in prosperous French metropolitan areas.
| | GDP (purchasing power parity):
$6.213 billion (2012 est.) country comparison to the world: 165 $5.748 billion (2011 est.) $5.47 billion (2010 est.) note:data are in 2012 US dollars
GDP (official exchange rate):
$5.748 billion (2011 est.)
GDP - real growth rate:
0.9% (2012 est.) country comparison to the world: 176 2.5% (2010 est.) -11.5% (2009 est.)
GDP - per capita (PPP):
$85,500 (2011) country comparison to the world: 5
GDP - composition, by sector of origin:
none
Industries:
banking, insurance, tourism, construction, small-scale industrial and consumer products
Industrial production growth rate:
NA%
Labor force:
52,490 country comparison to the world: 191 note:includes all foreign workers (2012 est.)
Labor force - by occupation:
2% (2012) country comparison to the world: 15
Population below poverty line:
NA%
Household income or consumption by percentage share:
18.2% of GDP (2011 est.) country comparison to the world: 174
Budget surplus (+) or deficit (-):
-1.2% of GDP (2011 est.) country comparison to the world: 65
Fiscal year:
calendar year
Inflation rate (consumer prices):
1.5% (2010) country comparison to the world: 43
Market value of publicly traded shares:
$NA
Exports:
$1.115 billion (2011) country comparison to the world: 156 $684.9 million (2010) note:full customs integration with France, which collects and rebates Monegasque trade duties; also participates in EU market system through customs union with France
Exports - partners:
Europe 73.2%, Africa 14.6%, America 5.2%, Asia 4.9% (2013 est.)
Imports:
$1.162 billion (2011) country comparison to the world: 177 $850.2 million (2010) note:full customs integration with France, which collects and rebates Monegasque trade duties; also participates in EU market system through customs union with France
Imports - partners:
Europe 70.4%, Asia 20.8%, America 4.4%, Africa 4.1% (2013 est.)
Debt - external:
$NA
Exchange rates:
euros (EUR) per US dollar - 0.7634 (2013 est.) 0.7752 (2012 est.) 0.755 (2010 est.) 0.7198 (2009 est.) 0.6827 (2008 est.) |