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Monaco Local Reference INFOrmation
INFOrmation

Monaco - Facts & Figures

Contents:
Introduction
Geography
People
Government
Economy
Communications
Transportation
Military
Transnational Issues
   
 
Economy:
Economy - overview: Monaco, bordering France on the Mediterranean coast, is a popular resort, attracting tourists to its casino and pleasant climate. In 2001, a major construction project extended the pier used by cruise ships in the main harbor. 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. 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: $870 million
note: Monaco does not publish national income figures; the estimates are extremely rough (2000 est.)

GDP - real growth rate: 0.9% (2000 est.)

GDP - per capita: $27,000 (2000 est.)

GDP - composition by sector:  
agriculture:
17%
industry:
NA%
services:
NA%

Population below poverty line: NA%

Household income or consumption by percentage share:  
lowest 10%:
NA%
highest 10%: NA%

Labor force: 41,110
note: includes workers from all foreign countries (2004)

Unemployment rate: 0% (2005)

Budget: revenues: $719.2 million
expenditures: $864.1 million; including capital expenditures of $283.1 million (2004)

Industries: tourism, construction, small-scale industrial and consumer products

Industrial production growth rate: NA%

Electricity - consumption: NA kWh

Electricity - imports: NA kWh
note: electricity supplied by France

Agriculture - products: none

Exports: $NA
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: $NA
note: full customs integration with France, which collects and rebates Monegasque trade duties; also participates in EU market system through customs union with France

Debt - external: $18 billion (2000 est.)

Economic aid - recipient: $NA

Currency: euro (EUR) 

Currency code: EUR

Exchange rates: euros per US dollar - 0.8041 (2005), 0.8054 (2004), 0.886 (2003), 1.0626 (2002), 1.1175 (2001)

Fiscal year: calendar year

This information comes from the CIA World Factbook.

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