*Monaco, Government
Flag:
two equal horizontal bands of red (top) and white; similar to the flag of
Indonesia which is longer and the flag of Poland which is white (top) and
red
*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.
National product:
GDP - exchange rate conversion - $475 million (1991 est.)
National product real growth rate:
NA%
National product per capita:
$16,000 (1991 est.)
Inflation rate (consumer prices):
NA%
Unemployment rate:
NEGL%
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 (1992); power imported from France
Agriculture:
NA
Economic aid:
NA
Currency:
1 French franc (F) = 100 centimes
Exchange rates:
French francs (F) per US$1 - 5.4812 (January 1993), 5.2938 (1992), 5.6421
(1991), 5.4453 (1990), 6.3801 (1989), 5.9569 (1988)
Fiscal year:
calendar year
*Monaco, Communications
Railroads:
1.6 km 1.435-meter gauge
Highways:
none; city streets
Ports:
Monaco
Merchant marine:
1 oil tanker (1,000 GRT or over) totaling 3,268 GRT/4,959 DWT
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
Location:
East Central Asia, between China and Russia
Map references:
Asia, Standard Time Zones of the World
Area:
total area:
1.565 million km2
land area:
1.565 million km2
comparative area:
slightly larger than Alaska
Land boundaries:
total 8,114 km, China 4,673 km, Russia 3,441 km
Coastline:
0 km (landlocked)
Maritime claims:
none; landlocked
International 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%
Irrigated land:
770 km2 (1989)
Environment:
harsh and rugged
Note:
landlocked; strategic location between China and Russia