Economic development was spurred in the late 19th century with a railroad linkup to France and the opening of a casino. Since then, the principality's mild climate, splendid scenery, and gambling facilities have made Monaco world famous as a tourist and recreation center.
Full Name: Principality of Monaco
Area: 1.95 sq km (land: 1.95 sq km, water: 0 sq km)
Population: 32,671 (July 2007 est.)
Capital City: Monaco
People: French 47%, Monegasque 16%, Italian 16%, other 21%
Language: French (official), English, Italian, Monegasque
Religion: Roman Catholic 90%, other 10%
Government Type: Constitutional monarchy
Chief of State Prince ALBERT II (since 6 April 2005)
Head of Government: Minister of State Jean-Paul PROUST (since 1 June 2005)
GDP: $US 976.3 million
note: Monaco does not publish national income figures; the estimates are extremely rough (2006 est.)
GDP per Capita: $US 30,000 (2006 est.)
Inflation: 1.9% (2000)
Unemployment: 0% (2005)
Industries: Tourism, construction, small-scale industrial and consumer products
Currency: Euro (€ - EUR)
Member of EU: No
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