Monaco
Description of Monaco
Monaco, a small sovereign city-state located on the French Riviera in Western Europe, is a unique and captivating destination known for its luxurious lifestyle, glamorous casinos, and stunning Mediterranean coastline. Despite its small size, Monaco holds significant global influence, particularly in the fields of finance, real estate, and tourism. As one of the wealthiest countries in the world, Monaco boasts a high standard of living and serves as a playground for the wealthy and elite. This website delves into the intricate tapestry of Monaco's economy, culture, and geopolitics, offering valuable insights into this affluent principality.
Population And Age Structure
Population, total: Monaco's population of 36,922 is significantly below the average population of 40,097,746. Ranked 190 out of 194 countries.
Population ages 0-14 (% of total population): Monaco's percentage of population ages 0-14 at 12.61% is well below the average of 27.34%. Ranked 191 out of 194 countries.
Population ages 0-14, total: With a total of 4,657 in this age group, Monaco is far below the average of 10,327,379. Ranked 191 out of 194 countries.
Population ages 15-64 (% of total population): Monaco's percentage of population ages 15-64, at 51.54%, is below the average of 63.44%. Ranked 187 out of 194 countries.
Population ages 15-64, total: The total population aged 15-64 in Monaco is 19,028, significantly below the average of 26,003,407. Ranked 191 out of 194 countries.
Population ages 65 and above (% of total population): Monaco's percentage of population ages 65 and above, at 35.85%, is well above the average of 9.22%. Ranked 1 out of 194 countries.
Population ages 65 and above, total: The total population aged 65 and above in Monaco is 13,236, much higher than the average of 3,766,959. Ranked 175 out of 194 countries.
Summary
Monaco has a relatively small population compared to the global average, with a significant proportion of its population aged 65 and above. This demographic profile, with lower percentages of younger age groups and a higher percentage of elderly citizens, can have implications for the country's workforce dynamics, healthcare system, and overall economic structure. Understanding these demographic trends is crucial for policymakers to address potential challenges related to an aging population and ensure sustainable development.
Population Miscellaneous
1. For Urban population, Monaco has a value of 36,922, which is significantly below the average of 22,425,747.38. This places Monaco at rank 184 out of 194 countries in the dataset.
2. In terms of Urban population (% of total population), Monaco has a value of 100, well above the average of 59.69. This places Monaco at rank 2 out of 194 countries.
3. Regarding the Age dependency ratio (% of working-age population), Monaco's value of 94.04 is higher than the average of 59.22. Monaco ranks 8 out of 194 countries in this aspect.
Summary
Monaco stands out in key macroeconomic indicators such as urban population, urban population (% of total population), and age dependency ratio (% of working-age population). With a significantly smaller urban population compared to the global average, but a high percentage relative to its total population, Monaco exhibits a unique demographic profile. Additionally, Monaco's elevated age dependency ratio indicates a higher proportion of non-working individuals relative to the working-age population. These indicators are crucial as they provide insights into Monaco's demographic structure, workforce dynamics, and potential economic challenges related to an aging population.
Natural Resources
Monaco has a land area of 2.027 sq. km, significantly below the average land area of 665166.512 sq. km, ranking 194th out of 194 countries in the dataset. This indicates Monaco's limited geographical size compared to other countries.
Additionally, Monaco has a surface area of 74.92 sq. km, which is notably lower than the average surface area of 689779.561 sq. km. This places Monaco at the 191st position out of 194 countries, highlighting its compact spatial footprint relative to the global average.
Summary
Monaco's small land area of 2.027 sq. km, ranking last out of 194 countries, and its surface area of 74.92 sq. km, placing it at 191st position, underscore its exceptionally compact size on the global scale. These indicators are crucial as they explain Monaco's limited physical space for economic activities, infrastructure development, and natural resource utilization compared to the vast majority of nations, potentially influencing its economic diversification, sustainability, and geopolitical interactions.
Commodities
Monaco's Capture fisheries production of 1 metric ton is significantly below the attribute average of 467,453.06 metric tons, ranking it at 190 out of 190 countries included in the data.
Summary
Monaco's capture fisheries production of 1 metric ton is remarkably low compared to the average of 467,453.06 metric tons across 190 countries, placing it at the bottom of the list. This stark contrast highlights Monaco's minimal contribution to global fisheries production, emphasizing its heavy reliance on imports for seafood and the limited development of its domestic fishing industry.
Intellectual Property
Monaco's industrial design applications by nonresidents stand at 723, below the average of 1415.83, placing Monaco at rank 32 out of 112 countries. For industrial design applications by residents, Monaco has 7 applications, significantly lower than the average of 9799.58, ranking 102 out of 113 countries.
Regarding patent applications, Monaco has 7 applications by nonresidents, below the average of 6538.40, ranking 107 out of 129 countries. For patent applications by residents, Monaco submitted 6 applications, below the average of 19037.56, ranking again at 107 out of 117 countries.
Monaco's trademark applications by nonresidents are 7169, below the average of 15878.93, placing Monaco at rank 54 out of 130 countries. Meanwhile, for trademark applications by residents, Monaco has 1399 applications, significantly below the average of 111055.78, ranking at 91 out of 129 countries.
Lastly, Monaco produced 49.05 scientific and technical journal articles, a value well below the average of 15103.76, positioning Monaco at rank 146 out of 192 countries included in the data.
Summary
Monaco performs below average in industrial design, patent, trademark applications, and scientific publications compared to global averages and rankings. This indicates a lack of innovation and economic competitiveness within the country. Insufficient research and development activities may hinder Monaco's ability to stay competitive in the global market and attract foreign investment for technological advancements and economic growth.
Broad Economy Attributes
Monaco's GDP (current US$) stands at 6.7 billion, significantly below the average of 442.9 billion, ranking 147 out of 189 countries. Meanwhile, Monaco's GDP per capita (current US$) of 182,537 is well above the average of 15,462, placing Monaco at the top rank out of 190 countries in this category.
Summary
Monaco's GDP of 6.7 billion is substantially lower than the global average, positioning it at 147th out of 189 countries. However, Monaco's GDP per capita is remarkably high at 182,537, ranking it as the top country out of 190 nations. These figures are crucial as they highlight Monaco's unique economic structure, with a small but wealthy population driving high individual prosperity despite modest overall economic output.
Broad Value Added
Monaco's Gross value added at basic prices (GVA) is $6.74 billion, ranking 140th out of 176 countries. This value is significantly below the average GVA of $360.07 billion.
Services, value added (% of GDP) in Monaco is 85.12%, ranking 3rd out of 183 countries. The country outperforms with a value significantly higher than the average of 56.72%.
Monaco's Services, value added in current US$ is $5.74 billion, ranking 133rd out of 183 countries. This is notably lower than the average of $295.84 billion.
The Industry (including construction), value added in Monaco is $1 billion, placing the country at 150th out of 183 countries. Monaco falls below the average value added in this sector of $118.42 billion.
Summary
Monaco has a relatively low Gross Value Added at basic prices (GVA), ranking 140th globally, far below the average GVA. However, the country excels in services, with a high percentage of value added to GDP, ranking 3rd worldwide.
These indicators are crucial as they highlight Monaco's heavy reliance on the services sector for economic output. While the country may have challenges in other areas such as industry, its strong performance in services showcases a niche where it can continue to excel and drive economic growth.
Money
Monaco's inflation, GDP deflator (annual %) is 2.84, which is below the average of 6.90. Monaco ranks 79th out of 188 countries in this attribute.
Summary
Monaco's inflation, GDP deflator (annual %) of 2.84 is notably lower than the global average of 6.90, positioning the country at 79th out of 188 countries in this aspect. This relatively lower inflation rate could indicate stability in prices and potentially a controlled economic environment, which may be conducive for sustainable economic growth and attracting investments.
Information Technology Infrastructure
For Secure Internet servers, Monaco has 752 servers, which is significantly below the average of 458,294.19 servers, placing Monaco at a rank of 121 out of 193 countries.
Monaco excels in Secure Internet servers (per 1 million people) with 20,367 servers, notably higher than the average of 14,067.17 servers. This places Monaco at a rank of 40 out of 193 countries.
In terms of Individuals using the Internet (% of population), Monaco scores 84.71%, above the average of 64.77%. This places Monaco at a rank of 50 out of 180 countries.
Regarding Fixed broadband subscriptions, Monaco has 20,877 subscriptions, significantly below the average of 6,591,956.35 subscriptions. Monaco ranks 154 out of 185 countries for this metric.
Monaco performs moderately in Mobile cellular subscriptions with 35,485 subscriptions, notably below the average of 42,526,463.87 subscriptions. Monaco is ranked 188 out of 193 countries for this statistic.
Summary
Monaco stands out for its high concentration of secure internet servers per 1 million people, above the global average. The country also boasts a high percentage of individuals using the internet, indicating strong digital connectivity. However, Monaco lags significantly in fixed broadband and mobile cellular subscriptions compared to global averages, highlighting potential areas for improvement in telecommunications infrastructure.
These findings are critical as they underscore Monaco's strengths in digital infrastructure and connectivity, crucial for economic development and competitiveness in the modern globalized world. The disparities in broadband and mobile subscriptions suggest a need for investment in expanding access to high-speed internet services to enhance overall connectivity and support future socioeconomic growth.
Top Stats
Ranks in Top Decile For:
| Attribute | Rank/Total |
|---|---|
| Population ages 65 and above (% of total population) | 1/194 |
| Urban population (% of total population) | 2/194 |
| Age dependency ratio (% of working-age population) | 8/194 |
| GDP per capita (current US$) | 1/190 |
| Services, value added (% of GDP) | 3/183 |
Ranks in Bottom Decile For:
| Attribute | Rank/Total |
|---|---|
| Population, total | 190/194 |
| Population ages 0-14 (% of total population) | 191/194 |
| Population ages 0-14, total | 191/194 |
| Population ages 15-64 (% of total population) | 187/194 |
| Population ages 15-64, total | 191/194 |
| Population ages 65 and above, total | 175/194 |
| Urban population | 184/194 |
| Land area (sq. km) | 194/194 |
| Surface area (sq. km) | 191/194 |
| Capture fisheries production (metric tons) | 190/190 |
| Industrial design applications, resident, by count | 102/113 |
| Patent applications, residents | 107/117 |
| Mobile cellular subscriptions | 188/193 |