PRINCIPALITY OF MONACO

BASIC FACTSPopulation: 32 796 people

Capital City: Monte Carlo

Official Language: French

Total Area: Land: 1.95 sq km Water: 0.00 sq km

Density: 16 754/ sq km

GEOGRAPHY

GEOGRAPHY

THE MONEGASQUE

Languages: French English

Italian Monegasque

99% Literacy Rate (Total Population)

Median Age: 45.5 years

Population Growth Rate: 0.375%

Tax Haven: Residents do not pay tax

THE MONEGASQUEReligion

Roman CatholicOther

90%

10%

THE MONEGASQUEEthnic Groups

FrenchMonagasqueItalianOther

16%

16%

21%

47%

CULTURE AND CUSTOMSNational Holiday: Saint Rainier’s Day- November 19

Sports: Soccer Rugby Tennis Golf

Food: Fresh produce French and Italian influences

Events: The Monaco Grand Prix International Backgammon Tournament The Monte Carlo Ballet

GOVERNMENTConstitutional Monarchy

Chief of State: Prince Albert Grimaldi II

Legal System: Based on French Law

Independence: 1419 (House of Grimaldi)

No Navy or Air Force

ECONOMYGDP: $976.3 million

GDP per capita: $30 000

Composition per sector

AgricultureIndustryServices

95.1%

4.9%

0%

ECONOMYImports: 916.1 million

Exports: 716.36 million

Full customs integration with France

Member of the EU through France

In Monaco, many sectors are retained as monopolies:

• Tobacco

• Postal Service

• Telephone Network

BUSINESS IN MONACO• First names are for family and close friends.

• Flowers should be given in odd numbers

• When giving wine as a gift, it should be of the highest quality affordable

• Dress well and conservatively

• Appointments must be made 2 weeks in advance

• Business is conducted slowly