Political pressure groups and leaders:
NA
International organization participation:
ACCT, ECE, FAO, IAEA, ICAO, ICC, ICCt (signatory), ICRM, IFRCS,
IHO, IMO, Interpol, IOC, ITU, OPCW, OSCE, UN, UNCTAD, UNESCO,
UNITAR, UPU, WHO, WIPO, WMO, WToO
Diplomatic representation in the US:
Monaco does not have an embassy in the US
consulate(s) general: New York
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 Monaco
Economy - overview:
Monaco, situated on the French Mediterranean coast, is a popular
resort, attracting tourists to its casino and pleasant climate. In
2001, a major new construction project will extend 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. Monaco does not publish
national income figures; the estimates below are extremely rough.
GDP:
purchasing power parity - $870 million (1999 est.)
GDP - real growth rate:
NA%
GDP - per capita:
purchasing power parity - $27,000 (1999 est.)