Monaco

Monaco was first mentioned by the Greek historian Hecataeus of Miletus, who referred to it as "Monoikos, a Ligurian town". Strabo referred to it as Monoikon limen, explaining that Monoikos (Greek for "the solitary one") was another name for Heracles, who had a temple here; it is possible, however, that it is an alteration of an older Ligurian name. In 1191, the Holy Roman Empire granted Monaco to the Genoese in return for cracking down on pirates. By the early 1200s, the Genoese had built a castle on the rock and were utilizing the port. An ousted branch of a Genoese family, the Grimaldis, captured it in 1297 by posing as monks, but then had to contest it for a century before gaining official control. Though the Republic of Genoa would last until the 19th century, it allowed the Grimaldi family to keep Monaco. …

Monaco is a sovereign city-state, with five quarters and ten wards, located on the French Riviera in Western Europe. It is bordered by France's Alpes-Maritimes department on three sides, with one side bordering the Mediterranean Sea. Its centre is about 16 km (9.9 mi) from Italy and only 13 km (8.1 mi) northeast of Nice. It has an area of 2.1 km2 (0.81 sq mi), or 208 ha (510 acres), and a population of 38,400, making Monaco the second-smallest and the most densely populated country in the world. The country has a land border of only 5.47 km (3.40 mi), a coastline of 3.83 km (2.38 mi), a maritime claim that extends 22.2 km (13.8 mi), and a width that varies between 1,700 and 349 m (5,577 and 1,145 ft). Jurassic limestone is a prominent bedrock which is locally karstified. It hosts the Grotte de l'Observatoire, which has been open to the public since 1946. …

Monaco exhibits a wide range of architecture, but the principality's signature style, particularly in Monte Carlo, is that of the Belle Époque. It finds its most florid expression in the 1878–9 Casino and the Salle Garnier created by Charles Garnier and Jules Dutrou. Decorative elements include turrets, balconies, pinnacles, multi-coloured ceramics, and caryatids. These were blended to create a picturesque fantasy of pleasure and luxury, and an alluring expression of how Monaco sought and still seeks, to portray itself. This capriccio of French, Italian, and Spanish elements were incorporated into hacienda villas and apartments. Following major development in the 1970s, Prince Rainier III banned high-rise development in the principality. His successor, Prince Albert II, overturned this Sovereign Order. …

Monaco has the world's highest nominal GDP per capita at US$185,742, PPP-adjusted GDP per capita at $132,571 and GNI per capita at $183,150. It has an unemployment rate of 2%, with over 48,000 workers who commute from France and Italy each day. According to the CIA World Factbook, Monaco has the world's lowest poverty rate and the highest number of millionaires and billionaires per capita in the world. For the fourth year in a row, Monaco in 2012 had the world's most expensive real estate market, at $58,300 per square metre. Although the average price went down in 2020, to an average price of $53,378 per square metre, Monaco remains one of the most expensive places in the world to buy property. By 2024, Monaco allows Visa-free travel from 86 countries around the world. …

Monaco's total population was 38,400 in 2015, and estimated by the United Nations to be 36,297 as of 1 July 2023. As of 2024, Monégasques make up 24.1% of residents, followed by French (21.8%), Italian (19.5%), British (7.6%), Swiss (3.1%), Russian (3.1%), Belgian (2.7%), and German nationals (2.5%). According to 2019 studies, 31% of Monaco's population is reported to be millionaires equalling up to 12,248 individuals. Citizens of Monaco, whether born in the country or naturalised, are called Monégasque. Monaco has the world's highest life expectancy at nearly 90 years. The main and official language of Monaco is French, while Italian is spoken by the principality's sizeable community from Italy. French and Italian are in fact more spoken in the principality today than Monégasque, its historic vernacular language. …