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    Monaco Index 2006

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    Monaco Economy - 2006
    https://theodora.com/wfbcurrent/monaco/monaco_economy.html
    SOURCE: 2006 CIA WORLD FACTBOOK

      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.

      GDP (purchasing power parity):
      $870 million
      note: Monaco does not publish national income figures; the estimates are extremely rough (2000 est.)

      GDP (official exchange rate):
      NA

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

      GDP - per capita (PPP):
      $27,000 (2000 est.)

      GDP - composition by sector:
      agriculture: 17%
      industry: NA%
      services: NA%

      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 - imports:
      NA kWh; note - electricity supplied by France

      Exports:
      $NA
      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:
      $NA
      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.)

      Economic aid - recipient:
      $NA

      Currency (code):
      euro (EUR)

      Exchange rates:
      euros per US dollar - 0.8041 (2005), 0.8054 (2004), 0.886 (2003), 1.0626 (2002), 1.1175 (2001)

      Fiscal year:
      calendar year


      NOTE: The information regarding Monaco on this page is re-published from the 2006 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Monaco Economy 2006 information contained here. All suggestions for corrections of any errors about Monaco Economy 2006 should be addressed to the CIA.

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    https://theodora.com/wfbcurrent/monaco/monaco_economy.html

    Revised 06-Jun-06
    Copyright © 2006 Photius Coutsoukis (all rights reserved)


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