An Introduction to Monaco
The Principality of Monaco is a city state on the French Riviera, less than ten miles from Italy. With an area of less than one square mile, its the second smallest and most densely populated state in the world. See full country profile.Latest Research News from France
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GOVERNMENT: Unitary principality and Constitutional monarchy
AREA: 1.98 sq km
POPULATION: 35,986 (July 2011 est.)
MAJOR LANGUAGE: Official Language: French
Some business and general info
The Market Research Industry
Trade and Industry in Monaco
Less well known perhaps, her father John Kelly was an Olympic gold medal winning rower (2 at Antwerp 1920 and one at Paris 1924), who was famously refused entry to the Henley Regatta due to a combination of his having done manual labour as a bricklayer, and having belonged to a US boat club with which the Regatta had fallen out over another breach of rules on amateurism.
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The Principality of Monaco is a city state on the French Riviera, less than ten miles from Italy. With an area of less than one square mile, its the second smallest and most densely populated state in the world.
Monaco is governed by a constitutional but powerful monarch of the house of Grimaldi, which has ruled it since 1297. Its defence is the responsibility of France, which recognised its sovereignty in a treaty in 1861. Its known for its casinos, especially that of Monte Carlo, and as a playground for the rich and famous. It has no income tax, the world's highest GDP per capita and life expectancy (90 years) and zero unemployment.
GDP: $6.89 bn (2011 est.); $186,175 per capita
Religions Roman Catholic 90%; Other 10%
Currency: Euro
Telephone Code: + 377
Monaco makes some of its pile from tourism - especially casinos, in which its own citizens are not allowed to gamble - is a major banking centre and is working to diversify into services and small, high-value-added industries. Its not part of the EU as such but via a customs union with France is strongly linked, and uses the Euro as currency. With no income tax and low business taxes it serves as a tax haven both for individual residents and for foreign companies however, Monaco was formally removed from the OECDs grey list of unco-operative tax jurisdictions in 2009. The state has monopolies in many areas including tobacco, telecoms and the postal service.
The country has been hit by the recent financial crisis - in 2009 GDP fell by 11.5% - but we suspect few of its people have found themselves below the poverty line as a result.
Exports were $711m in 2010 and imports $882'6m.
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