Monaco

Monaco is country of Europe located in south Europe.

Details

Official Name:Principality of Monaco
Capital:Monaco
Total area:2 km2
GDP per capita:$132,571
Native Language:French
Government:Unitary constitutional principality
Population:36,371
Major Religion:Roman Catholicism
Monetary Unit:Euro (EUR)

Monaco, is a sovereign city-state, located on the French Riviera in Western Europe. Bordered by France on three sides, one side borders the Mediterranean Sea. It has an area of 2.02 km2 (0.78 sq mi), and a population of 36,371, making Monaco the second smallest after Vatican City, and the most densely populated country in the world. Monaco has a land border of only 4.4 km (2.7 mi), a coastline of 4.1 km (2.5 mi), and a width that varies between 1,700 and 349 m (5,600 and 1,145 ft). The highest point in the country is a narrow pathway named Chemin des Révoires on the slopes of Mont Agel, in the Les Révoires district, which is 161 metres (528 feet) above sea level. Monaco's most populous Quartier is Monte Carlo, and the most populous Ward is Larvotto/Bas Moulins. Monaco is known for its land reclamation, which has increased its size by an estimated 20%.

Economy

Monaco boasts the world's highest GDP nominal per capita at $153,177,GDP PPP per capita at $132,571, and GNI per capita at $183,150. It also has the lowest unemployment rate at 0%, with over 48,000 workers who commute from France and Italy each day. According to the CIA World Factbook, Monaco has the world's lowest poverty rate, and the highest number of millionaires and billionaires per capita in the world. For the fourth year in a row, Monaco in 2012 had the world's most expensive real estate market, at $58,300 per square metre.