Judicial branch: Supreme Court or Tribunal Supreme
Political parties and leaders: National and Democratic Union or UND
[Jean-Louis CAMPORA]
International organization participation: ACCT, ECE, IAEA, ICAO, ICRM,
IFRCS, IHO, IMO, Inmarsat, Intelsat, Interpol, IOC, ITU, OSCE, UN,
UNCTAD, UNESCO, UPU, WHO, WIPO, WMO
Diplomatic representation in the US: Monaco does not have an embassy in the US consulate(s) general: New York honorary consulate(s) general: Boston, Chicago, Los Angeles, New Orleans, San Francisco, San Juan (Puerto Rico) honorary consulate(s): Dallas, Palm Beach, Philadelphia, and Washington, DC
Diplomatic representation from the US: the US does not have an embassy in Monaco; the US Consul General in Marseille (France) is accredited to Monaco
Flag description: 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
Economy
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 55% 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, roughly comparable to those in prosperous French metropolitan areas.
GDP: purchasing power parity - $800 million (1996 est.)
GDP - real growth rate: NA%