Monaco
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Introduction - Monaco: | Location - Monaco: | People - Monaco: | Government - Monaco: | 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 | $976.3 million
note: Monaco does not publish national income figures; the estimates are extremely rough (2006 est.) | | Gdp official exchange rate | NA | | Gdp real growth rate | 0.9% (2000 est.) | | Gdp per capita ppp | $30,000 (2006 est.) | | Gdp composition by sector | agriculture: 0%
industry: 4.9%
services: 95.1% (2005) | | Labor force | 44,000
note: includes workers from all foreign countries (2005 est.) | | Unemployment rate | 0% (2005) | | Population below poverty line | NA% | | Household income or consumption by percentage share | lowest 10%: NA%
highest 10%: NA% | | Inflation rate consumer prices | 1.9% (2000) | | Budget | revenues: $863 million
expenditures: $920.6 million; including capital expenditures of $305 million (2005 est.) | | Agriculture products | none | | Industries | tourism, construction, small-scale industrial and consumer products | | Industrial production growth rate | NA% | | Electricity consumption | NA kWh | | Electricity imports | NA kWh; note - electricity supplied by France | | Exports | $716.3 million
note: full customs integration with France, which collects and rebates Monegasque trade duties; also participates in EU market system through customs union with France (2005) | | Imports | $916.1 million
note: full customs integration with France, which collects and rebates Monegasque trade duties; also participates in EU market system through customs union with France (2005) | | Debt external | $18 billion (2000 est.) | | Economic aid recipient | $NA | | Currency code | euro (EUR) | | Exchange rates | euros per US dollar - 0.7964 (2006), 0.8041 (2005), 0.8054 (2004), 0.886 (2003), 1.0626 (2002) | |
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This page was last updated on 16 September, 2007 Source: CIA >>> |