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Monaco Economy 2010
http://www.workmall.com/wfb2010/monaco/monaco_economy.html
SOURCE: 2010 CIA WORLD FACTBOOK AND OTHER SOURCES

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Page last updated on January 15, 2010

Economy - overview:
Monaco, bordering France on the Mediterranean coast, is a popular resort, attracting tourists to its casino and pleasant climate. The principality also is a major banking center and 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.

GDP (purchasing power parity):
$976.3 million (2006 est.)
note:

GDP (official exchange rate):
$NA

GDP - real growth rate:
(2000 est.)

GDP - per capita (PPP):
$30,000 (2006 est.)

GDP - composition by sector:
agriculture: 0%
industry: 4.9%
services: 95.1% (2005)

Labor force:
44,000
note: includes workers from all foreign countries (2005 est.)

Unemployment rate:
0% (2005 est.)

Population below poverty line:
NA%

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

Budget:
revenues: $863 million
expenditures: $920.6 million (2005 est.)

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

Market value of publicly traded shares:
$NA

Agriculture - products:
none

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

Exports:
$716.3 million (2005 est.)
note: full customs integration with France, which collects and rebates Monegasque trade duties; also participates in EU market system through customs union with France

Imports:
$916.1 million (2005 est.)


note: full customs integration with France, which collects and rebates Monegasque trade duties; also participates in EU market system through customs union with France

Debt - external:
$18 billion (2000 est.)

Exchange rates:
euros (EUR) per US dollar - 0.7338 (2009), 0.6827 (2008), 0.7345 (2007), 0.7964 (2006), 0.8041 (2005)


NOTE: The information regarding Monaco on this page is re-published from the 2010 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Monaco Economy 2010 information contained here. All suggestions for corrections of any errors about Monaco Economy 2010 should be addressed to the CIA.



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This page was last modified 08-Feb-10
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