Monaco: Splashing the cash on the French Riviera
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Facts & Figures



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Facts & Figures

  • Motto “Deo Juvante” / “With God’s Help”
  • Official languages French
  • Religion Roman Catholicism
  • Currency Euro (EUR)
  • Calling code +377
  • ISO 3166 code MC

Geography

  • Surface 202.7 hectares
  • Surface 2.02 sq.km
  • Length of land border 5 469 meters

Population

  • 2016 update 37,308
  • Female 19.068 (50.1%)
  • Male 18,240 (48.9%)
  • Birth (2017) 958
  • Monegasque nationality (2016) 8,378

Economy

  • GDP (2015) 5.64 billion euros
  • GDP Growth rate (2015) 5.4%
  • Employment (2015) 51,956
  • Banks (institutions entitled to receive all types of deposits) (2016) 33

Real-Estate market

  • Average price per sq.m (2016) 41,420 Euro
  • Real estate sales (2016) 33 (valued at 453,500,000 Euro)
  • Real estate resales (2016) 520 (valued at 2,212,700,000 Euro)

The census of the population, carried out on average once every 10 years, allows the population to be counted and provides an understanding of Monaco’s resident population and housing stock. It covers everyone living within the Principality’s territory.

Population

As at 7 June 2016, Monaco’s resident population was estimated at 37,308 which is an increase of 5.5% compared with 2008.

It is also interesting to see that the Principality of Monaco has a female-male breakdown of 50.1% for the females and only 48.9% for the males.

The average age in Monaco is 46.5 years old. 45.5 for the male and 47.4 for the females.

A total of 139 different nationalities were recorded among residents. Furthermore the census recorded 8,378 residents of Monegasque nationality. This means 77.5% of the Principality is formed by the foreign residents.

More interestingly a quarter of all residents in 2016 had moved to the Principality of Monaco during the last eight years.

The majority of residents aged 17 or over live with a partner. More than half of residents live with a spouse.


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Employment

Monaco attracts an educated population: 23% of those aged 17 and over hold the equivalent of a master’s degree (bac+5) or higher, and this figure increases to nearly 33% among residents who arrived in the Principality between 2008 and 2016.

In 2016, nearly one in two residents aged 17 or over was employed, and one in three was in retirement or retired from business. The level of unemployment among the population aged 17 and over was 2%. Among those in employment, 58% were men.

Almost 90% of residents who work are employed in the Principality. While in 2016, self-employed workers and company directors represented more than a third of the working population.


monaco-bird-viewHow-to apply for a job in Monaco

Applying for a Monaco based job could be one of the most important topic for a foreign resident. In Monaco no foreigner may occupy a private salaried position without government authorisation!

Read our related reportage


Housing

The total number of residential units in Monaco was estimated at 19,534 on 7 June 2016, of which 89% were main residences.

Sixty-three percent of main residences are occupied by at least one tenant or subtenant.

The Monte-Carlo district has the highest number of residences, while Monaco-Ville has the lowest.

 

The average number of rooms in a main residence in 2016 was 2.9.

Three-room homes are the most common type of main residence in the Principality. And 25% of households in main residences had at least one pet.

Households in main residences own an average of 1.4 cars.

For the latest and more detailed information we encourage you to visit the Institut Monégasque de la Statistique et des Études Économiques.


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Living in Monaco

Comprehensive, objective and honest book about the Principality of Monaco and its living environment. The book Living in Monaco is also a professional relocation itinerary.

It is available for purchase in English at: http://amzn.com/1496107004

Living in Monaco

Living in Monaco book by Zsolt Szemerszky

The author Zsolt Szemerszky intended to hunt down the myth around Monaco and to go beyond gossips. Zsolt is also know by releasing Monaco’s first gourmand book. The Signature Dishes of the Principality of Monaco was launch last December 2016 as the number one release in wine pairing at Amazon.com allows gastronomy lovers to discover the excellence of the Principality of Monaco thanks to recipes and interviews with Executive Chefs who hold together over 50 Michelin stars.

However Living in Monaco is significantly different from his other books. It is not a travel book, it is an ultimate guideline to those who are aiming to get a glimpse about the real Monaco and who have the desire to relocate their personal or business life to the Principality.

The book explains the benefits of the relocation (both for private and business reasons), the life quality in the Principality, and reveals how can one capitalise the unseen treasures and business potentials of Monaco. The “Relocation and what it takes” chapter also explains all the tiny details, traps, tips and best practices while it offers a detailed overview of the administrative mechanism of the Principality.

One of the interesting part of the book is the second part which focuses on the people, the opportunities, and the traps in Monaco. It offers a first hand guidance to avoid to fell for the catchy wordings and the illusions of luxury. Understanding the real-life examples one can truly enjoy the Principality with all its safety and protective legal systems for families and businesses.

The book is available for purchase in English at: http://amzn.com/1496107004

 


 

Signature Dishes of the Principality of Monaco

Signature Dishes of the Principality of Monaco

Signature Dishes of the Principality of Monaco is a distinctive publication highlighting the exceptional culinary scene of the Principality of Monaco.

Monaco’s first gourmand book was launch December 2016 as the number one release in wine pairing at Amazon.com allows gastronomy lovers to discover the excellence of the Principality of Monaco thanks to recipes and interviews with Executive Chefs who hold together over 50 Michelin stars.

Signature Dishes of the Principality of Monaco is a distinctive publication highlighting the exceptional culinary scene of the Principality, whilst focusing on gastronomical specialities and offering an overview of the heritage of Monaco.

Thanks to the invaluable help from the Monaco Government Tourist Office in New York and the Prince Albert II of Monaco Foundation, authors Bradley Mitton and Zsolt Szemerszky are showcasing the most excellent restaurants in Monaco. This culinary guide offers its readers a unique experience as they offer a rare insight into the characters and personalities behind these wonderful gastronomical locations.

This is an exceptional joint effort thanks to the supportive chefs include Alain Ducasse, Benoît Witz, Christophe Cussac, Christophe Dupuy, Dominique Lory, Jean-Claude Brugel, Joël Robuchon, Marcel Ravin, Paolo Sari, Philippe Joannès and Takéo Yamasaki as well as accommodating sommeliers including Damien Borghi, Noël Bajor, Frédéric Woelffle and Massimo Sacco.

The publication is available international delivery through Amazon.com.

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