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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. About 55% of Monaco's annual revenue comes from value-added taxes on hotels, banks, and the industrial sector. Living standards are high, roughly comparable to those in prosperous French metropolitan areas.
GDP: purchasing power parity—$800 million (1996 est.)
GDP—real growth rate: NA%
GDP—per capita: purchasing power parity—$25,000 (1996 est.)
GDP—composition by sector: NA
Inflation rate (consumer prices): NA%
Labor force: 30,540 (January 1994)
Unemployment rate: 3.1% (1994)
Budget:
revenues: $518 million
expenditures: $531 million,
including capital expenditures of $NA (1995)
Industrial production growth rate: NA%
Agriculture—products: none
Exports: $NA; 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; 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: $NA
Economic aid—recipient: $NA
Currency: 1 French franc (F) = 100 centimes
Exchange rates: French francs (F) per US$1—5.65 (January 1999), 5.8995 (1998), 5.8367 (1997), 5.1155 (1996), 4.9915 (1995), 5.5520 (1994)
Fiscal year: calendar
year
Communications
Telephones: 53,180 (1994 est.)
Telephone system:
automatic telephone system
domestic: NA
international: no satellite
earth stations; connected by cable into the French communications system
Radio broadcast stations: AM 3, FM 4, shortwave 0
Radios: 33,000 (1994 est.)
Television broadcast stations: 5 (1997)
Televisions: 24,000
(1994 est.)
Transportation
Railways:
total: 1.7 km
standard gauge: 1.7 km 1.435-m
gauge
Highways:
total: 50 km
paved: 50 km
unpaved: 0 km (1996 est.)
Ports and harbors: Monaco
Merchant marine: none
Airports: linked to airport in Nice, France, by helicopter service
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Última actualització: 8 de juny de 2000