The official language of Monaco is French. English is used by American and British residents. The traditional national language is Monégasque, now spoken by only a minority of residents. It resembles Ligurian, which is spoken in Genoa. In the old part of Monaco, street signs are printed in both French and Monégasque. Italian is also spoken by the principality's sizable community from Italy. [2]
4.4 Settlement 5. Economy [5] [1]
Monaco, a small country nestled between Alps mountainside and Mediterranean Sea, is a major tourist destination. The geographical location, the massive influx of tourists and no burden of income tax are the factors behind shaping up Monaco economy. The strong economy of Monaco prompts its people to maintain a high standard of living. [5]
From the late 19th century Monaco economy began to develop tremendously with the opening of casinos. The magnificent charm of casinos, hotel industry and the beauty of natural surroundings all these have made tourism to develop very strongly here which is a major source of revenue generating trade for Monaco. Apart from this the complete lack of income tax has prompted many companies of foreign countries to invest here and enjoy the benefits. The mushrooming of foreign companies has provided jobs for everybody so the rate of unemployment is 0% in Monaco. However Monaco does not publish its economic figures so the rough estimation of this data can be given as follows:
GDP(Purchasing Power Parity): $976.3 million
GDP(Per Capita): $30,000
Inflation Rate: 1.9%
Revenues: $863 million
Exports: $716.3 million
Imports: $916.1 million
There is almost nil commercial agriculture in Monaco. Monaco is well known for its marine activities, which of course contribute to its economy. Another major activity that generates revenue for Monaco is real estate as the prices for property are sky high in Monaco and being a hub of glamour it attracts celebrities as buyers. In a nutshell a tiny country like Monaco has developed quite a strong economic backbone without having any kind of natural resources. [5] [1]
6. Tourism [2] [6] [9] [10] [11]
The beautiful location of Monaco, at the very center of Southern Europe, has made it popular among the tourists of the whole world. The principality of Monaco is located beside the southern Mediterranean Sea coast of France, and shares its border with Italy. Monaco is an independent and sovereign state and it is also the second smallest state in the world. The principality of Monaco is located in a region that features a Mediterranean climatic condition. The climate of this region is very mild which includes wet winter season and hot and dry summer season. Not only because of its position but also its climate condition which has make Monaco the popular tourism destination in Europe. Monaco tourism offers many popular travel destinations to the visitors. Some of the most popular Monaco tourist destinations are:
Avenue Saint-Martin
Palais du Prince
Harbor
Monaco Casino
Casino de Paris
Oceanographic Museum and Aquarium
Oceanographic Museum of Monaco was established in the year 1910. Oceanographic Museum is a museum of marine sciences. Founded by Prince Albert I, this museum is a monument which includes unique architectural characteristics. The Oceanographic Museum in Monaco is a grand structure, with its magnificent front structure, rising 279 feet above the sea level. This museum of marine sciences took eleven years to build and it is made up of 100,000 tons of stone bring from La Turbie. The museum is a home to noteworthy collections of varied species of sea fauna. [9]
Image 5: Oceanographic Museum of Monaco [12]
Jardin Exotique
The Exotic Garden of Monaco was introduced to the public in the year 1933. Since then Exotic Garden of Monaco has been a unique travel destination to the visitors of the world. The Exotic Garden of Monaco is an outdoor garden located in an impressive location. The Exotic Garden in Monaco is a home to varied number of succulent plants. Succulent plants have acquired different ways to adjust with the dry climatic conditions.
Image 6: The Exotic Garden [12]
The Japanese Garden in Monaco is a charming garden which has been designed by Yasuo Beppu, who is a reputed landscape architect of. The Japanese Garden of Monaco was constructed at the request of Prince Rainier who wanted to fulfill the wish of Princess Grace. Princess Grace had cherished this desire throughout her life. The Japanese Garden is basically a genuine art work which balances stone, water and vegetation in the most wonderful way. [10]
Image 7: Japanese Garden [12]
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