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Background

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.

Population

30,586 (July 2010 est.)

Government type

none; there are no first-order administrative divisions as defined by the US Government, but there are four quarters (quartiers, singular - quartier); Fontvieille, La Condamine, Monaco-Ville, Monte-Carlo

Administrative divisions

constitutional monarchy

Independence

National Day (Saint Rainier's Day), 19 November (1857)

International organization participation

two equal horizontal bands of red (top) and white; the colors are those of the ruling House of Grimaldi and have been in use since 1339, making the flag one of the world's oldest national banners

Economy - overview

Market value of publicly traded shares

tourism, construction, small-scale industrial and consumer products

Agriculture - products

NA%

Industries

Industrial production growth rate

NA kWh

Electricity - production

Internet country code

22,000 (2008)

WebCam

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