All you need to know about Monaco
Monaco, or the Principality of Monaco
Monaco, or the Principality of Monaco, is a small European country located in the south of the continent between southeastern France and the Mediterranean Sea.
Monaco is a city-state, meaning it includes only one city, the city of Monaco, which is the capital and economic center of the emirate, as well as one of the most important tourist resorts in the world.
Here is a quick look at everything about the Principality of Monaco.
All you need to know about Monaco:
- Official name: Principality of Monaco.
- Capital: Monaco.
- Form of government: constitutional monarchy.
- GDP: $7,423 million.
- Per capita: $190,000.
- Population: 39,244 people.
- Area: 2.02 km².
- Climate: Mediterranean climate.
- Official languages: French.
- The official currency: the euro.
- National animals: hedgehog, mouse, and rabbit.
- Dominant religion: Christianity.
History of Monaco:
In 1789, France imposed control over the Principality of Monaco and remained under its control until 1814.
Monaco gained its independence in 1861, but remained under the tutelage of France, until 1911, when it drafted its first constitution.
Monaco government:
Monaco is a constitutional monarchy ruled by a member of the Grimaldi family, currently ruled by Prince Albert II.
The emirate includes a unicameral National Assembly and a judicial branch of the Supreme Court.
Administratively, Monaco is divided into four regions, the largest of which in terms of population is Monte Carlo.
The economy of Monaco:
Monaco has no income taxes, has very low business taxes, and is one of the world's most important tax havens.
Today, foreign companies represent more than 75 percent of the emirate's gross domestic product, which is estimated to be about $7 billion.
A large part of Monaco's economy is based on tourism, and the most important thing that attracts tourists to it is the climate and gambling centers.
The tourism sector accounts for about 15 percent of GDP.
geography of Monaco:
With an area of no more than 202 hectares, Monaco is the second smallest country in the world in terms of area after Vatican City.
The emirate shares its land borders with France from the north, east, and west, and from the south, it overlooks the Mediterranean Sea.
The closest major French city to Monaco is Nice, located only 18 km from the border of the two countries.
demographics of Monaco
Monaco is one of the few countries where citizens do not constitute the majority of the population, as they constitute only 21 percent of the emirate's total population.
In contrast, the French make up an estimated 28 percent, followed by the Italians with 18 percent, and the British with 7 percent.
80% of the population profess the Christian religion, 1.7 percent adhere to Judaism, while Muslims constitute only 0.4 percent.
The climate of Monaco:
Monaco's climate is influenced by the Mediterranean, with hot, dry summers and mild, humid winters.
The average low temperature in January is 8 degrees Celsius, and the average high temperature in July is 26 degrees Celsius.
Monaco flag
The current flag of Monaco was adopted on 4 April 1881, during the reign of Prince Charles III, making it among the oldest in the world.
