Brief information about the Monaco
France borders the country on three sides while the other side borders the Mediterranean Sea.
Monaco is about 15 km (9.3 mi) in the country border with Italy. Monaco has an area of 2.02 km2 (0.78 sq mi), which makes it the second-smallest country in the world after the Vatican. With 19,009 inhabitants per square kilometre (49,230/sq mi), it is the most densely-populated sovereign country in the world.
Monaco has a land border of 5.47 kilometers (3.40 mi), the planet 's smallest coast of approximately 3.83 kilometers (2.38 mi) (whatever the coastline paradox), and a width which varies between 1,700 and 349 m (5,577 and 1,145 feet ). The maximum point in the country is a narrow pathway named Chemin des Révoires in the slopes of Mont Agel, at the Les Révoires Ward, that is 161 metres (528 ft ) above sea level.
Monaco Quartier is also the Ward and Monte Carlo is Larvotto/Bas Moulins. By 20 percent, Monaco 's land mass has expanded through property reclamation. In 2005, it had an area of just 1.974 km2 (0.762 sq mi). Monaco is regarded as the most expensive and also the most wealthy place in the world as a result of its tax legislation.
In 2014, it was noted that about 30 percent of the population was composed of millionaires. Monaco is a principality governed with Prince Albert II as head of state, under a sort of constitutional monarchy. Although Prince Albert II is a constitutional monarch, he wields immense power.
The House of Grimaldi has ruled Monaco, with short interruptions, since 1297. The official language is French, however Monégasque, Italian, and English are widely spoken and understood. The state's sovereignty was recognised with the Franco-Monegasque Treaty of 1861, with Monaco getting a complete United Nations voting member in 1993.
Despite separate policy and Monaco 's liberty, its defence is the responsibility of France. Monaco does keep two units that are little. Economic development was spurred in the late 19th century with the opening of the first match, Monte Carlo of the country , and a railroad connection to Paris.
Since then, the moderate climate, scenery, and gambling facilities of Monaco have contributed to the's status as recreation centre and a tourist destination for the wealthy. Monaco has sought to diversify its market into the services sector and high-value-added, non-polluting industries and is now a major banking centre.
The country has no income tax, very low business taxes, and is well-known for being a tax haven. It is also the host of the annual street circuit engine race Monaco Grand Prix, one of the original Grands Prix of Formula One and birthplace of Scuderia Ferrari driver Charles Leclerc.
The principality has a club soccer team, AS Monaco, who have been champions on occasions. Monaco is not formally a part of the European Union (EU), but it participates in certain EU policies, such as border and customs controls. Through its connection with France, Monaco uses the euro as its only currency (prior to the it used the Monégasque franc).
Monaco joined the Council of Europe in 2004.