Names: conventional long form: Principality of Monaco conventional short form: Monaco local long form: Principaute de Monaco local short form: Monaco
Capital City: Monaco
Population: 32,543 (July 2006 est.)
GDP Per Capita: $27,000 (2000 est.)
Currency: euro (EUR)
Languages: French (official), English, Italian, Monegasque
Total Area: total: 1.95 sq km land: 1.95 sq km water: 0 sq km about three times the size of The Mall in Washington, DC
Region: Europe
Industries: tourism, construction, small-scale industrial and consumer products
Agriculture: none
Resources: none
Labor Force:
41,110 note: includes workers from all foreign countries (2004)
Exports:
$656.5 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 (2004)
Imports:
$636.6 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 (2004)
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.
In 2007 Missouri exported $19,650 in goods to Monaco. This ranks Monaco 186th among the 223 international buyers of Missouri goods. Missouri exports to Monaco decreased from the previous year by 10,853,217 a change of -99.82. State exports to Monaco have increased over the last 5 years by $14,050 a change of 250.89%. Missouri exports account for .00%. of all 2007 US exports to Monaco.
| NAICS Industry | Annual | ||||||
|---|---|---|---|---|---|---|---|
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | ||
| 000 - Total All Industries MO | 5,600 | 5,000 | NA | NA | 10,872,867 | 19,650 | |
| 000 - Total All Industries US | 11,434,372 | 50,302,340 | 18,157,831 | 16,822,028 | 33,485,803 | 42,757,654 | |