Official Name: Principality of Monaco Capital: Monaco Total area: 2 km2 GDP per capita: $132,571 Native Language: French Government: Unitary constitutional principality Population: 36,371 Major Religion: Roman Catholicism Monetary Unit: Euro (EUR)
Monaco is a sovereign city-state on the French Riviera in Western Europe. Bounded on three sides by France, one side borders the Mediterranean Sea. It has an area of 2.02 km2 (0.78 sq mi) and a population of 36,371, making Monaco the second smallest after Vatican City and the most densely populated country in the world. Monaco has a land border of only 4.4 km (2.7 mi), a coastline of 4.1 km (2.5 mi), and a width that varies between 1,700 and 349 m (5,600 and 1,145 ft). The country's highest point is a narrow path called the Chemin des Révoires on the slopes of Mont Agel in the Les Révoires district, which is 161 meters (528 feet) above sea level. Monaco's most populated neighborhood is Monte Carlo and the most populated neighborhood is Larvotto/Bas Moulins. Monaco is known for its land reclamation which has increased its size by an estimated 20%.
Business Monaco has the world's highest nominal GDP per capita at $153,177, $132,571 GDP PPP per capita and $183,150 GNI per capita. It also has the lowest unemployment rate of 0%, with over 48,000 workers commuting daily from France and Italy. According to the CIA World Factbook, Monaco has the world's lowest poverty rate and the world's highest number of millionaires and billionaires per capita. For the fourth year in a row, Monaco was the most expensive real estate market in the world in 2012 at $58,300 per square meter.