Monaco is the world’s second smallest country and is located on the French Mediterranean coast. The country consists mainly of a continuous urban area and is one of the most densely populated in the world.
Key figures and facts
- Capital: Monaco
- Ethnic groups: Monegasks 32.1%, French 19.9%, Italians 15.3%, British 5%, Belgians 2.3%, Swiss 2%, Germans 1.9%, Russians 1.8%, Americans 1.1%, Dutch 1.1%, Moroccans 1%, others 16.6% (2016)
- Language: French (official), English, Italian, Monegasque
- Religion: Roman Catholic (official) 90%, other 10%
- Population: 38,897 (2018)
- Control Form: Principality
- Area: 2 km²
- Currency: euro
- National Day: November 19th
Monaco has 38,682 residents (2018). During the period from 2008 to 2018, the number of Monaco residents increased by 10.9 percent. Life expectancy at birth is 93.4 for women and 89.4 for men. The birth and death rates per 1,000 residents are 6.5 and 10.1 respectively. The birth rate per woman is 1.54 children (2018).
The whole country is urbanized. The Principality thus constitutes a contiguous urban area on both sides of the well-protected harbor, and consists of several independent cities: the capital, Monaco-Ville, La Condamine business center and Monte Carlo.
Composition of the population
Only 24.17 percent of the country’s population are monegasers. 24.9 percent of the population is French, while 21.9 percent of the population is Italian. The rest are immigrants from more than 100 nations, including Britons, Swiss, Germans, Americans and Russians (2018).
As a tax haven, Monaco is home to several foreign rich people, and the country is one of the richest in the world in terms of per capita income. Income tax is not imposed on the monegasks, but foreign citizens and companies also benefit from favorable tax regulations.
About 90 percent of the population belongs to the Catholic Church (State Church). The most important other faiths are the Anglican Church and the Reformed Church.
French is the official language. It is also spoken Italian and Monegasque, which is an Italian- Provencal blend language.