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Careers, Jobs and Education Resources for: Monaco

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The Genoese built a fortress on the site of present-day Monaco in 1215. The current ruling Grimaldi family secured control in the late 13th century, and a principality was established in 1338. 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. (from the CIA)


Economic Overview

Monaco, bordering france on the mediterranean coast, is a popular resort, attracting tourists to its casino and pleasant climate. the principality also is a major banking center and 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.

Environmental Issues


Government Type

Constitutional monarchy


32,796 (july 2008 est.)


Western europe, bordering the mediterranean sea on the southern coast of france, near the border with italy


Total: 1.95 sq km land: 1.95 sq km water: 0 sq km

About three times the size of the mall in washington, dc

Country Aliases

Conventional long form: principality of monaco conventional short form: monaco local long form: principaute de monaco local short form: monaco


Name: monaco geographic coordinates: 43 44 n, 7 25 e time difference: utc+1 (6 hours ahead of washington, dc during standard time) daylight saving time: +1hr, begins last sunday in march; ends last sunday in october

International Disputes


Sources: Central Intelligence Agency (CIA)

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