ty 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. About 50% of Monaco's annual
revenue comes from value-added taxes on hotels, banks, and the
industrial sector; about 25% of revenue comes from tourism. Living
standards are high, that is, roughly comparable to those in prosperous
French metropolitan suburbs.
National product:
GDP - exchange rate conversion - $475 million (1991 est.)
National product real growth rate:
NA%
National product per capita:
$16,000 (1991 est.)
Inflation rate (consumer prices):
NA%
Unemployment rate:
NEGL%
Budget:
revenues:
$424 million
expenditures:
$376 million, including capital expenditures of $NA (1991 est.)
Exports:
$NA; full customs integration with France, which collects and rebates
Monacan trade duties; also participates in EU market system through
customs union with France
Imports:
$NA; full customs integration with France, which collects and rebates
Monacan trade duties; also participates in EU market system through
customs union with France
External debt:
$NA
Industrial production:
growth rate NA%
Electricity:
capacity:
10,000 kW standby; power imported from France
production:
NA
consumption per capita:
NA (1992)
Agriculture:
none
Economic aid:
$NA
Currency:
1 French franc (F) = 100 centimes
Exchange rates:
French francs (F) per US$1 - 5.9205 (January 1994), 5.6632 (1993),
5.2938 (1992), 5.6421 (1991), 5.4453 (1990), 6.3801 (1989)
Fiscal year:
calendar year

@Monaco, Communications

Railroads:
1.6 km 1.435-meter gauge
Highways:
none; city streets
Ports:
Monaco
Merchant marine:
1 oil tanker (1,000 GRT or over) totaling 3,268 GRT/4,959 DWT
Airports:
1 usable airfield with permanent-surface runways
Telecommunications:
served by cable into the French communications system; automatic
telephone system; 38,200 telephones; broadcast stations - 3 AM, 4 FM,
5 TV; no communication satellite earth stations

@Monaco, Defense Forces

Note:
defense is the responsibility of France

@Mongolia, Geography

Location:
Northern Asia, between China and Russia
Map references:
Asia, Standard Time Zones of the World
Area:
total