Monaco Facts

by countryaah · Published June 3, 2019 · Updated April 25, 2020

Monaco, State of Europe; 1.95 km², 39,000 residents (2019).Monaco is located on the French Mediterranean coast, about 8 km from the border with Italy. Monaco consists entirely of urban development, which also extends beyond the border with France. Monaco is divided into four districts; the capital Monaco is located on a 60 m high headland south of the large deep natural harbor, La Condamine is located around the railway station west of the harbor and Monte Carlo which is located around the casino on the heights to the north. The new Fontvieille area, which has many industries, has been built on fillings in the south.

Country facts

Principality of Monaco / Principality of Monaco
Country abbreviation: MC
Area: 1.95 km²
Population (2019): 39,000 residents
Capital: Monaco
Main language: French
State: Principality
Head of State: Albert II (prince)
Head of Government: Serge Telle
Per capita GDP: US $ 163,352 (2013)
GNI per capita: no data available
Currency unit: euro
Currency code: EUR
Country number (telephony): 377
Internet domain name: mc
Time difference compared to Sweden: 0
National Day: November 19 (Prince Rainier III ‘s Names Day)

Population

Population density (2019): 19,949 residents per km²
Natural population growth (2019): –0.1%; birthrate 6 ‰, deathrate 7 ‰
Age structure (2019): 0-14 years (13%), 15-64 (61%), 65- (26%)
Average life expectancy (2019): 89 years; men 86 years, women 94 years
Infant mortality (2019): 2 per 1,000 live births
HDI: no data available
Urbanization rate (2019): 100%
Railway network (2010): 2 km

Monaco consists entirely of urban development, which also extends beyond the border with France. The climate is a typical Mediterranean climate, with winter rain and relatively dry summers. The country is a hereditary, constitutional principle. The executive is exercised by the prince. The government, which consists of a prime minister and three ministers, is responsible to him. The legislative power is exercised by the prince and a national council elected for five years.

Tourism is the traditional main industry, but there is also industry, mainly chemical and fine mechanical industry as well as plastic goods industry. The country is also an important banking and financial center. The state is the main owner of SBM (Société des Bains de Mers et du Cercle des Étrangers à Monaco), which in addition to the casino runs hotels, restaurants, the opera etc. SBM is also behind many events, eg. Monte Carlo Rally and Monaco Grand Prix.