GeographyIQ.comGeographyIQ.com
  Home
  Rankings


A B C D E F
G H I J K L
M N O P Q R
S T U V W Y
Z          


Currency Converter

 


World > Europe > Monaco > Economy (Facts)

Monaco - Economy (Facts)
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 - real growth rate: 0.9% (2000 est.)
GDP (purchasing power parity): $976.3 million
note: Monaco does not publish national income figures; the estimates are extremely rough (2006 est.)
GDP (official exchange rate): NA
GDP - per capita (PPP): $30,000 (2006 est.)
GDP - composition by sector: agriculture: 0%
industry: 4.9%
services: 95.1% (2005)
Population below poverty line: NA
Household income or consumption by percentage share: lowest 10%: NA
highest 10%: NA
Inflation rate (consumer prices): 1.9% (2000)
Labor force: 44,000
note: includes workers from all foreign countries (2005 est.)
Unemployment rate: 0% (2005)
Budget: revenues: $863 million
expenditures: $920.6 million; including capital expenditures of $305 million (2005 est.)
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: $716.3 million
note: full customs integration with France, which collects and rebates Monegasque trade duties; also participate
Imports: $916.1 million
note: full customs integration with France, which collects and rebates Monegasque trade duties; also participates in EU market system through customs union with France (2005)
Debt - external: $18 billion (2000 est.)
Economic aid - recipient: NA
Currency: Euro (EUR)

Current Euro Exchange Rates
Historical Euro Exchange Rates
Chart Euro Exchange Rates
Currency code: EUR
Exchange rates: euros per US dollar - 0.7964 (2006), 0.8041 (2005), 0.8054 (2004), 0.886 (2003), 1.0626 (2002)
Fiscal year: calendar year


Facts at a Glance: Geography - People - Government - Economy - Communications - Transportation - Military - Current Time - Ranking Positions - Euro Exchange Rates
Notes and Commentary: People - Economy - Government and Political Conditions - Historical Highlights - Foreign Relations - Relations with U.S.



Facts at a Glance
Geography
People
Government
Economy
Communications
Transportation
Military
Current Time
Ranking Positions
Euro Exchange Rates


Notes and Commentary
People
Economy
Government and Political Conditions
Historical Highlights
Foreign Relations
Relations with U.S.





   Privacy & Disclaimer

   Portions of this site are based on public domain works from the U.S. Dept. of State and the CIA World Fact Book
   All original material copyright © 2002 - GeographyIQ.com. All Rights Reserved.
   For comments and feedback, write to us at [email protected].