PRINCIPALITY OF MONACO
BASIC FACTSPopulation: 32 796 people
Capital City: Monte Carlo
Official Language: French
Total Area: Land: 1.95 sq km Water: 0.00 sq km
Density: 16 754/ sq km
GEOGRAPHY
THE MONEGASQUE
Languages: French English
Italian Monegasque
99% Literacy Rate (Total Population)
Median Age: 45.5 years
Population Growth Rate: 0.375%
Tax Haven: Residents do not pay tax
THE MONEGASQUEReligion
Roman CatholicOther
90%
10%
THE MONEGASQUEEthnic Groups
FrenchMonagasqueItalianOther
16%
16%
21%
47%
CULTURE AND CUSTOMSNational Holiday: Saint Rainier’s Day- November 19
Sports: Soccer Rugby Tennis Golf
Food: Fresh produce French and Italian influences
Events: The Monaco Grand Prix International Backgammon Tournament The Monte Carlo Ballet
GOVERNMENTConstitutional Monarchy
Chief of State: Prince Albert Grimaldi II
Legal System: Based on French Law
Independence: 1419 (House of Grimaldi)
No Navy or Air Force
ECONOMYGDP: $976.3 million
GDP per capita: $30 000
Composition per sector
AgricultureIndustryServices
95.1%
4.9%
0%
ECONOMYImports: 916.1 million
Exports: 716.36 million
Full customs integration with France
Member of the EU through France
In Monaco, many sectors are retained as monopolies:
• Tobacco
• Postal Service
• Telephone Network
BUSINESS IN MONACO• First names are for family and close friends.
• Flowers should be given in odd numbers
• When giving wine as a gift, it should be of the highest quality affordable
• Dress well and conservatively
• Appointments must be made 2 weeks in advance
• Business is conducted slowly