Monaco
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| Introduction - Monaco: |  | Location - Monaco: |  | People - Monaco: |  | Government - Monaco: |  | Economy - Monaco: |  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  | $976.3 million  
			note: Monaco does not publish national income figures; the estimates are extremely rough (2006 est.) |   |  Gdp official exchange rate  | NA |   |  Gdp real growth rate | 0.9% (2000 est.) |   |  Gdp per capita ppp  | $30,000 (2006 est.) |   |  Gdp composition by sector | agriculture: 0%  
			industry: 4.9%  
			services: 95.1% (2005) |   |  Labor force | 44,000  
			note: includes workers from all foreign countries (2005 est.) |   |  Unemployment rate | 0% (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) |   |  Budget | revenues: $863 million  
			expenditures: $920.6 million; including capital expenditures of $305 million (2005 est.) |   |  Agriculture products | none |   |  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 |   |  Exports | $716.3 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) |   |  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 code  | euro (EUR) |   |  Exchange rates | euros per US dollar - 0.7964 (2006), 0.8041 (2005), 0.8054 (2004), 0.886 (2003), 1.0626 (2002) |   |  
| Communications - Monaco: |  | Transportation - Monaco: |  | Military - Monaco: |  
 This page was last updated on 16 September, 2007 Source: CIA >>> |