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) under the authority of the US ambassador to
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, 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):
$870 million
note: Monaco does not publish national income figures; the estimates
are extremely rough (2000 est.)
GDP (official exchange rate):
NA
GDP - real growth rate:
0.9% (2000 est.)
GDP - per capita (PPP):
$27,000 (2000 est.)
GDP - composition by sector: agriculture: 17% industry: NA% services: NA%