ections: none; the monarch is hereditary; minister of state
appointed by the monarch from a list of three French national
candidates presented by the French Government

Legislative branch: unicameral National Council or Conseil National
(18 seats; members are elected by popular vote to serve five-year
terms)
elections: last held 1 and 8 February 1998 (next to be held NA January
2003)
election results: percent of vote by party - NA; seats by party - UND
18

Judicial branch: Supreme Court or Tribunal Supreme, judges named by
the monarch on the basis of nominations by the National Council

Political parties and leaders: National and Democratic Union or UND
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

Diplomatic representation in the US: Monaco does not have an embassy
in the US
consulate(s): 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 pri