NA

International organization participation:
ACCT, CE, FAO, IAEA, ICAO, ICC, ICCt (signatory), ICRM, IFRCS, IHO,
IMO, Interpol, IOC, ITU, OPCW, OSCE, UN, UNCTAD, UNESCO, UNIDO,
UNITAR, 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

Economy Monaco

Economy - 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. Monaco does not publish national income
figures; the estimates below are extremely rough.

GDP (purchasing power parity):
$870 million (2000 est.)

GDP - real growth rate:
0.9% (2000 est.)

GDP - per capita:
purchasing power parity - $27,000 (2000 est.)

GDP - composition by sector:
agriculture: 17%
industry: NA%
services: NA% (2001 est.)

Labor force:
30,540 (January 1994)

Unemployment rate:
22% (1999)

Population below poverty line:
NA%

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

Inflation rate (consumer prices):
1.9% (2000)

Budget:
revenues: $518 million
expenditures: $531 million, including capital expenditures of NA
(1995)

Agriculture - products:
none

Industries:
tourism, construction, small-scale industrial and consumer products

Industrial production growth rate:
NA%

Electricity - consumption:
NA kWh

Electricity - i