| Economy | Monaco |
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Economy - overview:
|
Monaco, bordering France on the Mediterranean coast, is a popular resort, attracting tourists to its casino and pleasant climate. The principality also is a major banking center and 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 (2006 est.)
note: Monaco does not publish national income figures; the estimates are extremely rough |
GDP - per capita (PPP):
|
$30,000 (2006 est.) |
GDP (official exchange rate):
|
$NA |
GDP - real growth rate:
|
0.9% (2000 est.) |
GDP - composition by sector:
|
agriculture: 0%
industry: 4.9%
services: 95.1% (2005) |
Investment (gross fixed):
|
void |
Population below poverty line:
|
NA% |
Household income or consumption by percentage share:
|
lowest 10%: NA%
highest 10%: NA% |
Distribution of family income - Gini index:
|
void |
Inflation rate (consumer prices):
|
1.9% (2000) |
Central bank discount rate:
|
void |
Commercial bank prime lending rate:
|
void |
Stock of money:
|
void |
Stock of money - per capita:
|
void |
Stock of quasi money:
|
void |
Stock of quasi money - per capita:
|
void |
Stock of domestic credit:
|
void |
Stock of domestic credit - per capita:
|
void |
Labor force:
|
44,000
note: includes workers from all foreign countries (2005 est.) |
Labor force participation rate:
|
133.47 % of population |
Labor force - by occupation:
|
void |
Unemployment rate:
|
0% (2005) |
Budget:
|
revenues: $863 million
expenditures: $920.6 million (2005 est.) |
Budget revenues per capita:
|
26,180 USD per capita |
Public debt:
|
void |
Industries:
|
tourism, construction, small-scale industrial and consumer products |
Industrial production growth rate:
|
NA% |
Electricity - production:
|
void |
Electricity - production per capita:
|
void |
Electricity - consumption:
|
NA kWh |
Electricity - consumption - per capita:
|
void |
Electricity - exports:
|
void |
Electricity - imports:
|
NA kWh; note - electricity supplied by France |
Oil - production:
|
void |
Oil - production per capita:
|
void |
Oil - consumption:
|
void |
Oil - consumption - per capita:
|
void |
Oil - exports:
|
void |
Oil - imports:
|
void |
Oil - proved reserves:
|
void |
Natural gas - production:
|
void |
Natural gas - production per capita:
|
void |
Natural gas - consumption:
|
void |
Natural gas - consumption - per capita:
|
void |
Natural gas - exports:
|
void |
Natural gas - imports:
|
void |
Natural gas - proved reserves:
|
void |
Agriculture - products:
|
none |
Current account balance:
|
void |
Current account balance - per capita:
|
void |
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) |
Exports per capita:
|
21,730 USD per capita |
Exports - commodities:
|
void |
Exports - partners:
|
void |
Imports:
|
$916.1 million f.o.b.
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 per capita:
|
27,791 USD per capita |
Imports - commodities:
|
void |
Imports - partners:
|
void |
Reserves of foreign exchange and gold:
|
void |
Reserves of foreign exchange and gold - per capita:
|
void |
Debt - external:
|
$18 billion (2000 est.) |
Debt - external - per capita:
|
546,034 USD per capita |
Stock of direct foreign investment - at home:
|
void |
Stock of direct foreign investment - at home - per capita:
|
void |
Stock of direct foreign investment - abroad:
|
void |
Stock of direct foreign investment - abroad - per capita:
|
void |
Market value of publicly traded shares:
|
$NA |
Market value of publicly traded shares - per capita:
|
void |
Economic aid - donor:
|
void |
Economic aid - recipient:
|
$NA |
Economic aid - recipient per capita:
|
void |
Currency (code):
|
euro (EUR) |
Exchange rates:
|
euros (EUR) per US dollar - 0.6827 (2008 est.), 0.7345 (2007), 0.7964 (2006), 0.8041 (2005), 0.8054 (2004) |
Fiscal year:
|
calendar year |
|
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