Principality of Monaco





Coat of Arms

  1. Due to the specific tax system, many people want to become citizens of Monaco. Since the country’s territory is very small, the construction of multi-story buildings does not stop for a single day. Profitability from the construction of skyscrapers in Monaco is 100% as housing space costs 17.000/ on average. Monaco apartments are considered to be a worth investment and never stand idle without a buyer. However, very often no one lives in the purchased apartments for years - in this sense, Monaco can be called the country of empty houses.
  2. Monaco exists not only through the construction. The government collects heavy taxes from the gambling business. World-renowned casino located in the Monte-Carlo was founded in the middle of the XIX century. Meanwhile in many other countries card games and roulette were prohibited, and Las Vegas in its present form did not exist at all. The casino in Monaco quickly became the favorite vacation spot of many rich people. However, the government established a ban on gambling for citizens. Thus, only foreigners can play roulette in Monte-Carlo.
  3. Most of the Monaco railway is underground. The railway station along with the princely palace is considered to be one of the main attractions of the country – it is  built in a rock on a hill. The railway station’s halls are decorated with white marble, special lighting creates the effect of a golden glow. The station has two opposite exits - to the old city or to the casino area.      
  4. The dynasty of princes Grimaldi, ruling Monaco, has not been interrupted for more than five hundred years. If it was interrupted, Monaco would officially become part of France. Only in 2002, an agreement was signed between the countries, according to which Monaco will remain an independent state, even in this case.

  5. The world-famous princely couple of Monaco were American actress Grace Kelly and Prince of Monaco Rainier III. Having met at the Cannes Film Festival, they exchanged love letters for a year, and then the prince came to Philadelphia to ask Grace's hands and hearts from her parents. Residents of Monaco adored Grace Kelly.  Many years have passed since the day of her tragic death, but locals and the rest of the world still remember her dedication and kindness. One of the principal streets of Monaco is named after her, and thousands of tourists visit the grave of the princess in the family crypt of Grimaldi annually.
  6. There are many ways to travel around Monaco. For example, for the convenience of pedestrians seven elevator escalators were built on which people can go up from the embankment to the old city. But the airspace of Monaco is open for helicopter flights only twenty minutes a day. 
  7. Since Monaco is the second smallest country on Earth, it comes as no surprise that her armed forces are not numerous. What is funny that the national orchestra of the principality is a little bit bigger than its army – 85 people play at orchestra and only 82 serve in army.
  • The territory of Monaco is half as much as the New York Central Park or almost three times smaller than Sokolniki Park in Moscow.
  • The country's territory has increased by almost 40 hectares due to the drainage of marine areas over the past 20 years.
  • Monaco is the second after Vatican in the list of the smallest countries in the world. A little bigger than Monaco, 1  only, is the Republic of Nauru.
  • The population of Monaco is 37,5 thousand people. Approximately the same number of people lives in Beverly Hills (USA) or town of Uriupinsk, Volgograd region of Russia.
  • Taking into consideration the tiny size of Monaco territory, it is clear that Monaco is one of the most populous countries in the world.
  • The official language is French. It is also the most widely spoken language in Monaco due to the historical circumstances. In addition to French, people also speak Italian, English and two native dialects.


  • Monaco, Monte-Carlo, La Condamine, Fontvieille.
  • The population of Monaco, the capital, is approximately 1 thousand people. Monaco has the highest GDP (gross domestic product) per capita in the world - $ 185742. So, it comes as no surprise, that this city has also the highest number of millionaires and billionaires per capita in the world
  • The largest city in terms of population is Monte-Carlo, which is also a resort and international tourism centre. It is known for its casino and competitions such as Formula 1 and the Monte-Carlo Rally.