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Monaco

Monaco

Capital:Monaco
Population:30,586
Currency:Euro (EUR)
Language:French (official), English, Italian, Monegasque
A hotel parking lot in Monaco.

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Quick Look Factsheet

A multi-page overview of Monaco.

Monaco Factsheet

Customs and Culture

About the People

Monaco is one of the smallest countries in the world and one of the wealthiest countries of Europe. It is know for its beauty, glamor and sophistication and as a playground for the rich. Many wealthy people from other counties make Monaco home because their is no income tax.

Monaco is a center of learning and culture with some of the world's greatest singers and ballet dancers performing their.

Cultural Attributes

Monaco is one of the smallest countries in the world and one of the wealthiest countries in Europe. It is known for its beauty, glamor and sophistication and as a playground for the rich. Many wealthy people from other countries make Monaco home because their is no income tax.

Monaco is a center of learning and culture with some of the world's greatest singers and ballet dancers performing there.

A hotel parking lot in Monaco.

The Riviera's Crown Jewel

Greetings, Gestures & Visiting

Men and women greet each other with handshakes and sometimes a kiss on both cheeks.

Monaco has many wealthy residents, which can be seen wearing the latest in high fashion, especially in the evenings. On most beaches in Monaco, topless sunbathing is the norm, but off the beach, conservative dress is standard.

Diet

Monaco food includes plenty of olive oil, fresh tomatoes, garlic, black olives and anchovies. Fresh fish is plentiful and eaten often. Fresh vegetables are also eaten often as salads are popular. Champagne is a national beverage.

August 4th Fireworks

Family

Most Monégasques families have one or two children. Due to the size of the population all adult Monégasques

are invited to the palace to celebrate major events of the royal family. All Monégasques

children under 12 are invited to an annual Christmas party with a gift for each child.

Recreation

Monaco is famous for auto racing. Golf and tennis are popular leisure activities. Like most seaside countries,

all of the popular water sports are available. The main public beach in Monte Carlo is called Larvotto Beach, where anyone can go and enjoy the sand and surf.

There are also a few private beaches. The most famous is the Monte Carlo Beach Club, which has been an integral part

of the social life for decades. On most beaches in Monaco, topless sunbathing is the norm.

Holidays

  • National Day

    11/19

    Independence

    (Prince of Monaco Holiday)

Dates of Interest

  • November 19th

    Prince of Monaco Holiday

How do people greet each other in Monaco?

Men and women greet each other with handshakes, and sometimes a kiss on both cheeks.

Do

  • Offer a handshake when meeting someone
  • Be prepared for a kiss on both cheeks in some situations

What are the eating customs and typical foods in Monaco?

Monégasque cuisine features plenty of olive oil, fresh tomatoes, garlic, black olives and anchovies, with fresh fish eaten often and salads popular.

Good to know

  • Fresh fish is plentiful and eaten often
  • Salads and fresh vegetables are common
  • Champagne is a national beverage

How should I dress in Monaco?

Off the beach, conservative dress is standard, while wealthy residents often wear the latest high fashion, especially in the evenings.

Do

  • Dress conservatively away from the beach
  • Consider dressing up in the evenings

Good to know

  • Topless sunbathing is the norm on most beaches

What is family life like in Monaco?

Most Monégasque families have one or two children, and the small population means Monégasques are closely involved in royal celebrations.

Good to know

  • All adult Monégasques are invited to the palace for major royal events
  • Monégasque children under 12 are invited to an annual Christmas party with a gift for each child

What do people do for recreation in Monaco?

Monaco is famous for auto racing, with golf, tennis and water sports also popular.

Good to know

  • Larvotto Beach in Monte Carlo is the main public beach open to anyone
  • The Monte Carlo Beach Club is a famous private beach and social hub
  • Topless sunbathing is the norm on most beaches

Last updated: 2026-07-12 · Sources: CountryReports

Photos of Monaco

Travel and Tourism

Currency
euro (EUR)
Time Difference
UTC+1 (6 hours ahead of Washington, DC, during Standard Time)
Climate
Mediterranean with mild, wet winters and hot, dry summers
Airports
none; linked to the airport at Nice, France by helicopter service (2003) (2003 est.)
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Recipes

History

Historical Eras

  1. Ancient & Genoese Roots

    500 BCE – 1297

    Ligurian tribes inhabited the rocky promontory before Phoenician and Greek traders established outposts. Genoa formally claimed sovereignty over the area in 1162, using the strategic port as a Mediterranean foothold. Civil conflict between Guelf and Ghibelline factions in Genoa ultimately set the stage for the Grimaldi family's dramatic seizure of power.

  2. Grimaldi Lordship

    1297 – 1633

    In 1297, François Grimaldi captured Monaco's fortress disguised as a Franciscan monk, founding a dynasty that endures to this day. Charles Grimaldi consolidated Guelf control by 1331, and the family expanded its domain to include Menton and Roquebrune by 1346. Monaco navigated shifting alliances between Savoy, France, and Spain, receiving formal recognition of its lordship from the French crown in 1512.

  3. Principality & Spanish Alliance

    1633 – 1793

    The Spanish Chancellery officially recognized the title of Prince of Monaco in 1633, elevating the Grimaldis to sovereign princely status within the European order. Subsequent decades saw a gradual reorientation toward France, and by 1641 the Treaty of Péronne placed Monaco under French protection. The principality functioned as an absolute monarchy under successive Grimaldi princes until the upheaval of the French Revolution.

  4. French Revolution & Sardinian Protectorate

    1793 – 1861

    The French Revolutionary government deposed the Grimaldis in 1793 and annexed Monaco, incorporating it into the département of Alpes-Maritimes. The fall of Napoleon restored the dynasty in 1814, but the Congress of Vienna placed Monaco under Sardinian protection until 1860. The Franco-Monegasque Treaty of 1861 finally restored full sovereignty, though Monaco ceded Menton and Roquebrune to France in the process.

  5. Belle Époque & Constitutional Reform

    1861 – 1962

    The opening of the Société des Bains de Mer casino in 1865 and the arrival of the railway transformed Monaco into a celebrated resort destination for European aristocracy and tourists alike. Prince Albert I earned international renown as an oceanographic pioneer, while a constitution promulgated in 1911 curtailed absolute princely rule. A 1918 treaty formally aligned Monegasque policy with French political and military interests, a provision acknowledged in the Treaty of Versailles.

  6. Modern Monaco

    1962 – present

    A landmark constitution in 1962 abolished capital punishment, introduced female suffrage, and established a Supreme Court to protect civil liberties. Monaco gained full United Nations membership in 1993 and joined the Council of Europe in 2004, cementing its standing as a fully sovereign micro-state. Prince Albert II, who acceded to the throne in 2005 following the death of his father Rainier III, has steered the principality toward environmental advocacy and continued economic diversification.

Overview

Founded in 1215 as a colony of Genoa, Monaco has been ruled by the House of Grimaldi since 1297, except when under French control from 1789 to 1814. Designated as a protectorate of Sardinia from 1815 until 1860 by the Treaty of Vienna, Monaco’s sovereignty was recognized by the Franco-Monegasque Treaty of 1861. The Prince of Monaco was an absolute ruler until a constitution was promulgated in 1911.

In July 1918, a treaty was signed providing for limited French protection over Monaco. The treaty, formally noted in the Treaty of Versailles, established that Monegasque policy would be aligned with French political, military, and economic interests.

A new constitution, proclaimed in 1962, abolished capital punishment, provided for female suffrage, and established a Supreme Court to guarantee fundamental liberties.

In 1993, Monaco became an official member of the United Nations with full voting rights.  It joined the Council of Europe in 2004.

Prince Albert II acceded to the throne following the death of his father, Prince Rainier III, in April 2005.

Timeline of Key Events

  1. 500

    A Ligurian tribe inhabited the area.

    In the sixth century B.C. a Ligurian tribe inhabited the area leaving behind their name to what would become Monaco. Following the Phoenician era, the Romans occupied this region from the second century B.C. to the fifth century A.D. They named the harbor Portus Herculis Monoeci. Beginning in the sixth century through the end of the tenth century, the area witnessed numerous invasions. It wasn’t until 975 that the Count of Provence succeeded in driving out the Sarrasins, marking the beginning of a new era.

  2. 1162

    Genoa’s rule

    Emperor Frederic Barberousse 1st extended Genoa’s rule on the Ligurian coast, from Port Venere to Monaco. In 1191 Emperor Henry VI conceded Monaco’s Rocher, the port and neighboring land to Genoa. The Genovese set up their own colony on the Rocher and in 1215 build a fortress marking the western most border of their republic.

  3. 1270

    Civil war broke out in Genoa between the Guelf families.

    Civil war broke out in Genoa between the Guelf families, supporters of the Pope, and the Ghibelines, supporters of the Roman-Germanic Emperor. When the Ghibelines claimed victory, the Guelfs, which included the Grimaldis, went into exile. By sheer perseverance, the powerful Guelfs were to later change the course of history by seizing the Rocher and putting down permanent roots.

  4. 1297

    François Grimaldi overtook Monaco’s fortress.

    François Grimaldi, known as “Malizia”, overtook Monaco’s fortress in response to the exile imposed upon the Guelfs.

  5. 1331

    Charles Grimaldi, head of the Guelfs, installed himself on the Rocher.

    Charles Grimaldi, head of the Guelfs, installed himself on the Rocher. In 1342 he took the title of "Lord of Monaco”.

  6. 1346

    Grimaldis acquired the lordships and feifdoms from Menton to Roquebrune.

    In 1346 and 1355 the Grimaldis acquired the lordships and feifdoms from Menton to Roquebrune. The Principality was comprised of these lordships, together with Monaco, from 1633 to 1861.

  7. 1494

    Rights of succession in the House of Monaco for the next five centuries

    Before dying in 1454, Jean 1st made provisions in his will which laid down the rights of succession in the House of Monaco for the next five centuries. He decreed that rule would pass to the first born male. In the case that no son was produced, title could pass to a daughter on condition that her heirs take the Grimaldi name.

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Interesting Facts

  • Monaco has the world's most hospitals per capita and the most hospital beds per person with 163 for every 10,000 people.

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Geography and Environment

Terrain
hilly, rugged, rocky
Climate
Mediterranean with mild, wet winters and hot, dry summers
Natural Hazards
NA
Current Environmental Issues
NA
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People & Demographics

Religion

Languages Spoken

French (official), English, Italian, Monegasque

  • English
  • French
  • Italian

Population

Population
30,586
Nationality Noun
Monegasque(s) or Monacan(s)
Ethnic Groups
French 47%, Monegasque 16%, Italian 16%, other 21%

Education

Literacy Definition
NA
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Government & Politics

Country Identity

Country Name
Monaco
Full Country Name
Principality of Monaco
Local - Long
Principaute de Monaco
Local - Short
Monaco

Government Structure

Government Type
constitutional monarchy
Legal System
based on French law; has not accepted compulsory ICJ jurisdiction
Executive Branch
chief of state: Prince ALBERT II (since 6 April 2005) head of government: Minister of State Didier Guillaume (since 5 September 2024) cabinet: Council of Government is under the authority of the monarch elections: none; the monarchy is hereditary; the Minister of State is appointed by the monarch from a list of three French national candidates presented by the French Government
Legislative Branch
unicameral National Council or Conseil National (24 seats; 16 members elected by list majority system, 8 by proportional representation; to serve five-year terms) elections: last held 9 February 2003 (next to be held February 2008) election results: percent of vote by party - NA%; seats by party - UNAM 21, UND 3
Judicial Branch
Supreme Court or Tribunal Supreme (judges appointed by the monarch on the basis of nominations by the National Council)
Suffrage
21 years of age; universal
Constitution
17-Dec-62
Independence
1419 (beginning of the rule by the House of Grimaldi)
National Holiday
National Day (Prince of Monaco Holiday), 19 November

Capital City

Capital Name
Monaco
Capital - geographic coordinate
43 44 N, 7 25 E
Capital Time Difference
UTC+1 (6 hours ahead of Washington, DC, during Standard Time)

founded as a Greek colony in the 6th century B.C., the name derives from two Greek words monos (single, alone) and oikos (house) to convey the sense of a people "living apart" or in a "single habitation"

Military

Branches: no regular military forces; Directorate of Public Security

Embassy / Diplomatic Mission

The local point of contact for U.S. citizens in Monaco is the U.S. Consular Agency in Nice.

U.S. Consular Agency Nice

7, Avenue Gustave V

3rd floor

Tel. 33 (4) 93 88 89 55

Fax 33 (4) 93 87 07 38

Website: http://marseille.usconsulate.gov/nice.html

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Economy

Monaco, bordering France on the Mediterranean coast, is a prosperous principality renowned for its luxury tourism, casino, yachting harbors, and the annual Formula 1 Grand Prix. Ongoing development projects, including the Mareterra land reclamation extension completed in 2024, have expanded the territory to accommodate new residential, commercial, and public spaces. The principality has successfully diversified its economy into financial services, real estate, scientific research, and small, high-value-added, nonpolluting industries.

Monaco does not levy personal income tax on most residents and maintains low business taxes, making it a magnet for wealthy individuals and international companies. However, in line with international transparency standards, Monaco has signed agreements on the automatic exchange of tax information and is no longer classified as an uncooperative tax jurisdiction. The state retains monopolies in several sectors, including tobacco and postal services, while telecommunications have been partially liberalized.

Living standards are among the highest in the world, and Monaco has one of the highest GDP per capita figures globally, exceeding $240,000. The economy is heavily reliant on tourism, banking, and real estate, with the property market consistently ranking as the most expensive in the world. Despite its small size and population of around 39,000, Monaco maintains a stable, service-oriented economy closely integrated with that of France and the European Union through customs and monetary agreements, using the euro as its official currency.

Snapshot

Currency Name and Code
Euro (EUR)
GDP Real Growth Rate
0.9%

Banknotes

Monaco Money - Front
Monaco Money - Front
Monaco Money - Back
Monaco Money - Back

Budget & Public Finance

Fiscal Year
calendar year
Annual Budget
$864,100,000 (USD)
External Debt
$18,000,000,000 (USD)

Labor, Industry & Trade

Industries
tourism, construction, small-scale industrial and consumer products
Agriculture Products
none

Energy

Oil Production
0 bbl/day
Oil Consumption
0 bbl/day
Oil Reserves
0 bbl/day
Natural Gas Production
0 cu m
Natural Gas Consumption
0 cu m
Natural Gas Imports
0 cu m
Natural Gas Exports
0 cu m
Natural Gas Reserves
0 cu m

Communications

Telephone System
general assessment: modern automatic telephone system; the country's sole fixed line operator offers a full range of services to residential and business customers domestic: combined fixed-line and mobile-cellular teledensity exceeds 200 per 100 persons international: country code - 377; no satellite earth stations; connected by cable into the French communications system
Internet Country Code
.mc

News & Weather

Videos

1 curated YouTube videos.

  • Source: YouTube

Frequently Asked Questions

What is the population of Monaco?
The population of Monaco is approximately 30,586.
How do people greet each other in Monaco?
Men and women greet each other with handshakes, and sometimes a kiss on both cheeks. Do: Offer a handshake when meeting someone Be prepared for a kiss on both cheeks in some situations
What are the eating customs and typical foods in Monaco?
Monégasque cuisine features plenty of olive oil, fresh tomatoes, garlic, black olives and anchovies, with fresh fish eaten often and salads popular. Fresh fish is plentiful and eaten often Salads and fresh vegetables are common Champagne is a national beverage
How should I dress in Monaco?
Off the beach, conservative dress is standard, while wealthy residents often wear the latest high fashion, especially in the evenings. Do: Dress conservatively away from the beach Consider dressing up in the evenings Topless sunbathing is the norm on most beaches
What is family life like in Monaco?
Most Monégasque families have one or two children, and the small population means Monégasques are closely involved in royal celebrations. All adult Monégasques are invited to the palace for major royal events Monégasque children under 12 are invited to an annual Christmas party with a gift for each child
What do people do for recreation in Monaco?
Monaco is famous for auto racing, with golf, tennis and water sports also popular. Larvotto Beach in Monte Carlo is the main public beach open to anyone The Monte Carlo Beach Club is a famous private beach and social hub Topless sunbathing is the norm on most beaches
What is the capital of Monaco?
Monaco is both the name of the principality and its capital — one of the few countries in the world where the capital shares the name of the nation itself. The city-state is perched on a rocky promontory along the French Riviera and is home to the ruling Grimaldi family's palace. Its historic heart, known as Monaco-Ville or "Le Rocher," overlooks the Mediterranean Sea and remains the seat of government and royal residence.
Where is Monaco located?
Monaco is a sovereign city-state located in Western Europe on the northwestern coast of the Mediterranean Sea. It lies along the French Riviera, wedged between the French department of Alpes-Maritimes to the north, east, and west, and the sea to the south. Despite its European surroundings, Monaco is an independent principality and one of the smallest sovereign states in the world.
What countries border Monaco?
France is the only country that shares a land border with Monaco, surrounding the principality on three sides — north, east, and west. To the south, Monaco fronts the Mediterranean Sea. A key development in Monaco's modern history was the late-19th-century railroad connection to France, which opened the principality to greater tourism and trade and helped spur its remarkable economic growth.
What religion is practiced in Monaco?
Roman Catholicism is the dominant religion in Monaco, practiced by approximately 90 percent of the population. The remaining 10 percent follow other religious traditions. Catholicism holds a prominent place in public life; the Cathedral of Our Lady Immaculate, also known as Saint Nicholas Cathedral, is a notable landmark in Monaco-Ville and serves as the burial site of Prince Rainier III and Princess Grace.
What currency does Monaco use?
Monaco uses the Euro (EUR) as its official currency. Although Monaco is not a member of the European Union, it has a monetary agreement with the EU that permits it to use the euro and even mint a limited number of its own euro coins, which are considered collector's items. The principality's economy is closely integrated with France, making the euro a natural fit for daily commerce and its thriving luxury and financial sectors.
What language is spoken in Monaco?
French is the official language of Monaco and is used in government, education, and public administration. English and Italian are also widely spoken, reflecting the principality's cosmopolitan population of wealthy residents and international visitors. Monegasque, a regional language blending Genoese Italian and Provençal French, is recognized as a cultural language of the principality, though relatively few people speak it fluently today.
What is the geography of Monaco like?
Monaco is one of the smallest sovereign states in the world, covering an area of approximately 2 square kilometers. Despite its minuscule size, the principality features dramatic terrain — a rocky coastline, steep hillsides, and reclaimed land along the Mediterranean shore. The district of Fontvieille, for example, was built almost entirely on land reclaimed from the sea. Monaco's mild Mediterranean climate, with warm summers and mild winters, has long been central to its appeal as a resort destination.
What is Monaco known for?
Monaco is internationally known for the Monte Carlo Casino, a grand Belle Époque landmark that has attracted royalty and celebrities since the late 19th century, and for the Formula 1 Monaco Grand Prix, one of motorsport's most prestigious and technically demanding races. The principality is equally famous as a tax haven — it levies no personal income tax, drawing some of the world's wealthiest residents. Monaco also boasts extraordinary healthcare infrastructure, including among the highest concentrations of hospital beds per capita globally, and hosts world-class ballet and opera performances at the renowned Opéra de Monte-Carlo.

Last reviewed 2026