Austrian Economics Wiki
Country summary




France 4.4 km

Government type

constitutional monarchy


32,965 (July 2010 est.)[1]

Population growth

0.394% (2010 est.)[1]

Life expectancy

80.09 years[1]


0% (2005)[1]

Index of Economic Freedom


Corruption Perceptions Index


The Genoese built a fortress on the site of present day Monaco in 1215. The current ruling Grimaldi family first seized temporary control in 1297, and again in 1331, but were not able to permanently secure their holding until 1419. Economic development was spurred in the late 19th century with a railroad linkup to France and the opening of a casino. Since then, the principality's mild climate, splendid scenery, and gambling facilities have made Monaco world famous as a tourist and recreation center.[1]

Economical characteristics[]

  • Currency: Euro (ISO code: EUR)
  • This country does not seem to have a central bank.


Statistic / Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
GDP (USD)[4]
Govt. debt (% of GDP)[5]
Govt. revenue (% of GDP)[6]
Govt. expenses (% of GDP)[7]
Debt to revenue (years)


Note: statistical data was rounded. Different sources may use different methodologies for their estimates. Debt to revenue is calculated by dividing the two variables from their original ('unrounded') values. It represents how long it would a government take to repay its entire debt if it used its whole revenue for this purpose.

  1. 1.0 1.1 1.2 1.3 1.4 CIA - The World Facebook. "Monaco", from The World Facebook. Referenced 2010-09-29.
  2. Heritage Foundation. "Monaco", Economic Freedom Score. A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-09-29.
  3. Transparency International. "Monaco", Corruption Perceptions Index 2009. A lower ranking is better; but please note that the numbers cannot be compared between countries or years due to different methodology. Referenced 2010-09-29.
  4. World Bank. "Monaco: GDP", from World Bank Data. Referenced 2010-09-29.
  5. World Bank. "Monaco: government debt", from World Bank Data. Referenced 2010-09-29.
  6. World Bank. "Monaco: government revenue", from World Bank Data. Referenced 2010-09-29.
  7. World Bank. "Monaco: government expenses", from World Bank Data. Referenced 2010-09-29.

External links[]