al Union for the Future of Monaco or UNAM [leader
NA]; Rally for the Monegasque Family [leader NA]

Political pressure groups and leaders: NA

International organization participation: ACCT, ECE, IAEA, ICAO,
ICRM, IFRCS, IHO, IMO, Inmarsat, Intelsat, Interpol, IOC, ITU, OPCW,
OSCE, UN, UNCTAD, UNESCO, UPU, WHO, WIPO, WMO, WToO

Diplomatic representation in the US: Monaco does not have an embassy
in the US

consulate(s) general: New York

Diplomatic representation from the US: the US does not have an
embassy in Monaco; the US Consul General in Marseille (France) is
accredited to Monaco

Flag description: two equal horizontal bands of red (top) and white;
similar to the flag of Indonesia which is longer and the flag of
Poland which is white (top) and red

Monaco Economy

Economy - overview: Monaco, situated on the French Mediterranean
coast, is a popular resort, attracting tourists to its casino and
pleasant climate. 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. Monaco does not publish national income
figures; the estimates below are extremely rough.

GDP: purchasing power parity - $870 million (1999 est.)

GDP - real growth rate: NA%

GDP - per capita: purchasing power parity - $27,000 (1999 est.)

GDP - composition by sector: agriculture: NA%

industry: NA%

services: NA%

Population below poverty line: NA%

Household income or consumption by percentage share: lowest 10%: NA%

highest 10%: NA%

Inflation rate (consumer prices): NA%

Labor force: 30,540 (January 1994)

Unemployment rate: 3.1% (1998)

Budget: revenues: $518 million

expenditures: $531 million, including capital expenditures of $NA
(1995)

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 (1999)

Agriculture - products: none

Exports: $NA; full custo