Monaco Overview
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Where is Monaco located?

What countries border Monaco?

Monaco Weather

What is the current weather in Monaco?


Monaco Facts and Culture

What is Monaco famous for?

  • Cultural Attributes: Monaco is one of the smallest countries in the world and one of the wealthiest countries in Europe. It is... More
  • Family: Most Monégasques families have one or two children. Due to the size of the population all adult Monégasques are invited to... More
  • Personal Apperance: Monaco has many wealthy residents, which can be seen wearing the latest in high fashion, especially in the evenings. On... More
  • Recreation: Monaco is famous for auto racing. Golf and tennis are popular leisure activities. Like most seaside countries, all of the popular... More
  • Food and Recipes: Monaco food includes plenty of olive oil, fresh tomatoes, garlic, black olives and anchovies. Fresh fish is plentiful and eaten... More

Monaco Facts

What is the capital of Monaco?

Capital Monaco
Government Type constitutional monarchy
Currency Euro (EUR)
Total Area 1 Square Miles
2 Square Kilometers
Location Western Europe, bordering the Mediterranean Sea on the southern coast of France, near the border with Italy
Language French (official), English, Italian, Monegasque
GDP - real growth rate 9.3%
GDP - per capita (PPP) $78,700.00 (USD)

Monaco Demographics

What is the population of Monaco?

Ethnic Groups French 47%, Monegasque 16%, Italian 16%, other 21%
Nationality Noun Monegasque(s) or Monacan(s)
Population 39,000
Population - note note: immigrants make up more than 55% of the total population, according to UN data
Urban Population 100.000000

Monaco Government

What type of government does Monaco have?

Executive Branch chief of state: Prince ALBERT II (since 6 April 2005)

head of government: Minister of State Pierre DARTOUT (since 1 September 2020)

cabinet: Council of Government under the authority of the monarch

elections/appointments: the monarchy is hereditary; minister of state appointed by the monarch from a list of three French national candidates presented by the French Government
Suffrage 18 years of age; universal
Citizenship citizenship by birth: no

citizenship by descent only: the father must be a citizen of Monaco; in the case of a child born out of wedlock, the mother must be a citizen and father unknown

dual citizenship recognized: no

residency requirement for naturalization: 10 years
National Holiday National Day (Saint Rainier's Day), 19 November (1857)
Constitution history: previous 1911 (suspended 1959); latest adopted 17 December 1962

amendments: proposed by joint agreement of the chief of state (the prince) and the National Council; passage requires two-thirds majority vote of National Council members; amended 2002
Independence 1419 (beginning of permanent rule by the House of GRIMALDI)

Monaco Video

YouTube: Expedia Monaco Vacation Travel Guide

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Monaco Geography

What environmental issues does Monaco have?

Climate Mediterranean with mild, wet winters and hot, dry summers
Border Countries France 4.4 km
Environment - Current Issues party to treaties: Air Pollution, Air Pollution-Sulfur 94, Air Pollution-Volatile Organic Compounds, Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Desertification, Endangered Species, Hazardous Wastes, Law of the Sea, Marine Dumping, Ozone Layer Protection, Ship Pollution, Wetlands, Whaling
Environment - International Agreements party to: Air Pollution, Air Pollution-Sulfur 94, Air Pollution-Volatile Organic Compounds, Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Desertification, Endangered Species, Hazardous Wastes, Law of the Sea, Marine Dumping, Ozone Layer Protection, Ship Pollution, Wetlands, Whaling

signed, but not ratified: none of the selected agreements
Terrain hilly, rugged, rocky

Monaco Economy

How big is the Monaco economy?

Economic Overview 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 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.

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 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. In October 2014, Monaco officially became the 84th jurisdiction participating in the OECD’s Multilateral Convention on Mutual Administrative Assistance in Tax Matters, an effort to combat offshore tax avoidance and evasion.

Monaco's reliance on tourism and banking for its economic growth has left it vulnerable to downturns 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 and intensified in 2013, with GDP growth of more than 9%, but Monaco's economic prospects remain uncertain.
Industries tourism, construction, small-scale industrial and consumer products
Currency Name and Code Euro (EUR)

Monaco News and Current Events

What current events are happening in Monaco?
Source: Google News

Monaco Travel Information

What makes Monaco a unique country to travel to?

Country Description

Monaco is a developed constitutional monarchy on the shores of the Mediterranean. Tourist facilities are widely available.

Traffic Safety and Road Conditions

While in France and Monaco, you may encounter road conditions that are very different from those in the United States.

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