Monaco:
Economy

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Economy - overview	Monaco, bordering France on the Mediterranean coast, is a popular resort, attracting tourists to its casino and pleasant climate. In 2001, a major construction project extended the pier used by cruise ships in the main harbor. The principality 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.
GDP (purchasing power parity)	$976.3 million note: Monaco does not publish national income figures; the estimates are extremely rough (2006 est.)
GDP (official exchange rate)	$NA
GDP - real growth rate	0.9% (2000 est.)
GDP - per capita	$30,000 (2006 est.)
GDP - composition by sector	agriculture: 0% industry: 4.9% services: 95.1% (2005)
Labor force	44,000 note: includes workers from all foreign countries (2005 est.)
Unemployment rate	0% (2005)
Population below poverty line	NA%
Household income or consumption by percentage share	lowest 10%: NA% highest 10%: NA%
Inflation rate (consumer prices)	1.9% (2000)
Budget	revenues: $863 million expenditures: $920.6 million (2005 est.)
Agriculture - products	none
Industries	tourism, construction, small-scale industrial and consumer products
Electricity - consumption	NA kWh
Electricity - imports	NA kWh; note - electricity supplied by France
Exports	$716.3 million note: full customs integration with France, which collects and rebates Monegasque trade duties; also participates in EU market system through customs union with France (2005)
Imports	$916.1 million note: full customs integration with France, which collects and rebates Monegasque trade duties; also participates in EU market system through customs union with France (2005)
Debt - external	$18 billion (2000 est.)
Economic aid - recipient	$NA
Currency (code)	euro (EUR)
Exchange rates	euros per US dollar - 0.7964 (2006), 0.8041 (2005), 0.8054 (2004), 0.886 (2003), 1.0626 (2002)
Fiscal year	calendar year