:Monaco Economy
Overview:
Monaco, situated on the French Mediterranean coast, is a popular resort,
attracting tourists to its casino and pleasant climate. 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.
About 50% of Monaco's annual revenue comes from value-added taxes on hotels,
banks, and the industrial sector; about 25% of revenue comes from tourism.
Living standards are high, that is, roughly comparable to those in
prosperous French metropolitan suburbs.
GDP:
exchange rate conversion - $475 million, per capita $16,000; real growth
rate NA% (1991 est.)
Inflation rate (consumer prices):
NA%
Unemployment rate:
full employment (1989)
Budget:
revenues $424 million; expenditures $376 million, including capital
expenditures of $NA (1991)
Exports:
$NA; full customs integration with France, which collects and rebates
Monacan trade duties; also participates in EC market system through customs
union with France
Imports:
$NA; full customs integration with France, which collects and rebates
Monacan trade duties; also participates in EC market system through customs
union with France
External debt:
$NA
Industrial production:
growth rate NA%
Electricity:
10,000 kW standby capacity (1991); power supplied by France Indus
Agriculture:
NA
Economic aid:
NA
Currency:
French franc (plural - francs); 1 French franc (F) = 100 centimes
Exchange rates:
French francs (F) per US$1 - 5.3801 (January 1992), 5.6421 (1991), 5.4453
(1990), 6.3801 (1989), 5.9569 (1988), 6.0107 (1987)
Fiscal year:
calendar year
:Monaco Communications
Railroads:
1.6 km 1.435-meter gauge
Highways:
none; city streets
Ports:
Monaco
Merchant marine:
1 petroleum tanker (1,000 GRT or over) totaling 3,268 GRT/4,959 DWT
Civil air:
no major transport aircraft
Airports:
1 usable airfield with permanent-surface runways
Telecommunications:
served by cable into the French communications system; automatic telephone
system; 38,200 telephones; broadcast stations - 3 AM, 4 FM, 5 TV; no
communication satellite earth stations
:Monaco Defense Forces
Note: defense is the responsibility of France
:Mongolia Geography
Total area:
1,565,000 km2
Land area:
1,565,000 km2
Comparative area:
slightly larger than Alaska
Land boundaries:
8,114 km; China 4,673 km, Russia 3,441 km
Coastline:
none - landlocked
Maritime claims:
none - landlocked
Disputes:
none
Climate:
desert; continental (large daily and seasonal temperature ranges)
Terrain:
vast semidesert and desert plains; mountains in west and southwest; Gobi
Desert in southeast
Natural resources:
oil, coal, copper, molybdenum, tungsten, phosphates, tin, nickel, zinc,
wolfram, fluorspar, gold
Land use:
arable land 1%; permanent crops 0%; meadows and pastures 79%; forest and
woodland 10%; other 10%; includes irrigated NEGL%
Environment:
harsh and rugged
Note:
landlocked; strategic location between China and Russia
:Mongolia People
Population:
2,305,516 (July 1992), growth rate 2.6% (1992)
Birth rate:
34 births/1,000 population (1992)
Death rate:
7 deaths/1,000 population (1992)
Net migration rate:
0 migrants/1,000 population (1992)
Infant mortality rate:
47 deaths/1,000 live births (1992)
Life expectancy at birth:
63 years male, 68 years female (1992)
Total fertility rate:
4.5 children born/woman (1992)
Nationality:
noun - Mongolian(s); adjective - Mongolian
Ethnic divisions:
Mongol 90%, Kazakh 4%, Chinese 2%, Russian 2%, other 2%
Religions:
predominantly Tibetan Buddhist, Muslim (about 4%); previously limited
religious activity because of Communist regime
Languages:
Khalkha Mongol used by over 90% of population; minor languages include
Turkic, Russian, and Chinese
Literacy:
90% (male NA%, female NA%) (1989 est.)
Labor force:
NA, but primarily herding/agricultural; over half the adult population is in
the labor force, including a large percentage of women; shortage of skilled
labor
Organized labor:
425,000 members of the Central Council of Mongolian Trade Unions (CCMTU)
controlled by the government (1984); independent labor organizations now
being formed