Monaco, officially the Principality of Monaco, is a sovereign city-state , country, and microstate on the French Riviera in Western Europe. It has an area of 2 square km. Monaco (city-state) is its capital and Monte Carlo is its largest Quartier. French is the official language of Monaco. Euro (€) (EUR) is its official currency. Monaco is surrounded by France on three sides and the remaining part of the country is bordered by the Mediterranean Sea.
Interesting facts about Monaco
1. Monaco has a total population upward of 30,645 (July 2016 est.) and a total land area of 2.02 sq. km. This makes it the most densely populated and second smallest country in the world. Wondering which is the world’s smallest country? It’s Vatican City.
2. Almost 30% of the population of Monaco was a millionaire in 2014, similar to Zurich or Geneva.
3. Monaco does not have its own major defense force. The country’s defense; however, is France’ responsibility.
4. Monaco Grand Prix is one of the main events that the country hosts every year. If you are curious about the winner of the event, note that “Ayrton Senna” has won the Grand Prix 6 times, more than any other race car driver.
Flag of Monaco
- Monaco is the only country in the world with Human Development Index above 1.
- In 2016, Monaco has indicated an interest in becoming a shareholder in Nice Airport, the nearest to its territory.
- Three of James Bond Films have been shot here in Monte-Carlo Casino. Why not? The casino is so classy that even the best of the James Bond films need to shoot a scene or two here.
About tourism and economy of Monaco
- For the rich and famous people from across the world, Monaco is a premier tourist destination and recreation center.
- Casino de Monte-Carlo was opened in Monaco 153 years ago, in 1863.
- Do not be surprised to learn that the native of Monaco are not allowed to gamble here and visit the casino. The rule is imposed by the country’s government, which does not want its citizens to gamble away their money. The casino is a source of income for the country and provides employment to its residents.
- Princess Caroline is accredited with establishing gambling casinos in Monaco to support the House of Grimaldi (the ruling family of Monaco at the time) from bankruptcy.
- The country had gambling tables as early as 1856.
- Monaco is a tax haven. The country survives solely on the revenue generated by its tourism and casinos.
- Monaco does not have airports though it has heliports. One can also say that Monaco is not large enough to have airports. During the busy season, the heliports receive helicopters at an interval of every 20 minutes.
- Fishes are the only natural resource the country has. However, the country has the world’s third-highest Gross Domestic Product (GDP) nominal per capita at $115,700 (2015 est.) behind Liechtenstein and Qatar.
- It’s a surprising fact about Monaco that the country’s population more than doubles when it sees more than 50,000 workers that arrive daily from France and Italy. No wonder, how many people are there in this tiny country during the peak tourist season.
- Societe des Bains de Mer (SBM) is the country’s biggest employer. It runs the majority of Monaco’s tourism related activities.
- Now consider the cost of real estate in the country. With so much demand and minimal availability of land, the real estate in Monaco can be considered as the most expensive throughout the world. We do not have the exact stats, however.
- The Oceanographic Museum, built in 1910, is one of Monaco’s most famous tourist attractions. You can sight deep-sea predators and tropical fish in the museum.
- The crime rate in Monaco is very low. This could mainly be because Monaco has more policemen per person than any other country.
- Monaco was never a part of France despite its long history and geographical intimacy with France.
- If you were a resident of Monaco, but not born there, you would be called Monacoian.
- The second child of the Prince of Monaco and an American model (married in 1956) is the present ruler of the principality.
- To the eastern side of the country lies Italy at a distance of 8 kilometers.
Monaco on the map
25. The economy of this tiny nation is supported by the revenue generated from radio, television, and the casino and state monopolies on stamps and tobacco. Banking and financial activities also support the nation’s economy.
- There are a large number of security cameras throughout the principality to discourage criminal activity.
- With some land reclamation from the Mediterranean Sea, the size of the principality has grown by at least 20%.
- Education is compulsory for kids between the ages of 6 and 16.
- The death rate is more than the birth rate in the principality(2017 est.)
- In 1993, Monaco became a member of the United Nations.
- The country sees more than 1.5 million visitors each year.
- Remember: Monaco is a city state. It does not have a separate capital. This is mainly due to its small size.
- Brewery, chocolate factory and flour mill are the first industries that developed in Monaco at the beginning of the twentieth century.
- Note that Monaco’s flag is similar to that of Indonesia with the only difference in the size of the flag. Indonesian flag is a bit wider than that of the Monaco’s.
- Did you know that Monaco almost has a zero unemployment rate? The country is also void of any poor people.
- Monaco has the highest life expectancy (89.5 years) in the world. The country with lowest life expectancy is Chad (50.2 years).
- Natives of Monaco are called Monegasque. It is interesting fact to note that despite its small size, the country is home to a majority of foreign population. The natives of the land are in minority here. The largest population in Monaco is of the French, followed by Italian and Britishers.
- AS Monaco FC, Monaco national football team, Monaco national rugby union team – are the sports team from the world’s second smallest country.