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. Likewise, both France and Spain left it alone for hundreds of years due to agreements with either of them, especially for defense. France annexed it in the French Revolution at the end of the 18th century, but after the defeat of Napoleon it was put under the care of the Kingdom of Sardinia.

In the 19th century, when Sardinia became a part of Italy, the region came under French influence but France allowed it to remain independent and it escaped being incorporated into Italy. However, it shrank considerably when it traded two nearby towns in exchange for sovereignty from France. Monaco relied on tourism from the late 19th century to remain financially solvent, and it was at this time the famous casino and hotels were established. Monaco was overrun by the Axis powers in the 1940s during the Second World War and for a short time was administered by Italy, then Nazi Germany, before being liberated. Although the occupation lasted for just a short time, it resulted in the deportation of the Jewish population and execution of several French Resistance members from Monaco. Since then Monaco has been independent. It has taken some steps towards integration with the European Union.

Following a grant of land from Emperor Henry VI in 1191, Monaco was refounded in 1215 as a colony of Genoa. Monaco was first ruled by a member of the House of Grimaldi in 1297, when Francesco Grimaldi, known as "Malizia" (translated from Italian either as "The Malicious One" or "The Cunning One"), and his men captured the fortress protecting the Rock of Monaco while dressed as Franciscan friars – a Monaco in Italian – although this is a coincidence as the area was already known by this name.

Francesco was evicted a few years later by the Genoese forces, and the struggle over "the Rock" continued for another century. The Grimaldi family was Genoese and the struggle was something of a family feud. The Genoese engaged in other conflicts, and in the late 1300s Genoa lost Monaco after fighting the Crown of Aragon over Corsica. Aragon eventually became part of a united Spain, and other parts of the land grant came to be integrated piecemeal into other states. Between 1346 and 1355, Monaco annexed the towns of Menton and Roquebrune, increasing its territory by almost ten times.

In 1419, the Grimaldi family purchased Monaco from the Crown of Aragon and became the official and undisputed rulers of "the Rock of Monaco". In 1612, Honoré II began to style himself "Prince" of Monaco. In the 1630s, he sought French protection against the Spanish forces and, in 1642, was received at the court of Louis XIII as a "duc et pair étranger".

The princes of Monaco became vassals of the French kings while at the same time remaining sovereign princes. Though successive princes and their families spent most of their lives in Paris, and intermarried with French and Italian nobilities, the House of Grimaldi is of Genoese origin. The principality continued its existence as a protectorate of France until the French Revolution.

In 1793, Revolutionary forces captured Monaco and until 1814 it was occupied by the French (in this period much of Europe had been overrun by the French armies). The principality was reestablished in 1814 under the Grimaldis. It was designated a protectorate of the Kingdom of Sardinia by the Congress of Vienna in 1815. Monaco remained in this position until 1860 when, by the Treaty of Turin, the Sardinian forces pulled out of the principality; the surrounding County of Nice (as well as Savoy) was ceded to France. Monaco became a French protectorate once again. Italian was the official language in Monaco until 1860, when it was replaced by French.

Before this time there was unrest in Menton and Roquebrune, where the townspeople had become weary of heavy taxation by the Grimaldi family. They declared their independence as the Free Cities of Menton and Roquebrune, hoping for annexation by Sardinia. France protested. The unrest continued until Charles III of Monaco gave up his claim to the two mainland towns (some 95% of the principality at the time) that had been ruled by the Grimaldi family for over 500 years.

These were ceded to France in return for 4,100,000 francs. The transfer and Monaco's sovereignty were recognised by the Franco-Monégasque Treaty of 1861. In 1869, the principality stopped collecting income tax from its residents—an indulgence the Grimaldi family could afford to entertain thanks solely to the extraordinary success of the casino. This made Monaco a playground for the rich and a favoured place for them to live.

Until the Monégasque Revolution of 1910 forced the adoption of the 1911 Constitution of Monaco, the princes of Monaco were absolute rulers. The new constitution slightly reduced the autocratic rule of the Grimaldi family and Prince Albert I suspended it during the First World War.

In July 1918, a new Franco-Monégasque Treaty was signed, providing for limited French protection over Monaco. The treaty, endorsed in 1919 by the Treaty of Versailles, established that Monégasque international policy would be aligned with French political, military and economic interests. It also resolved the Monaco succession crisis.

In 1943, the Italian Army invaded and occupied Monaco, forming a fascist administration. In September 1943, after Mussolini's fall from power, the German Wehrmacht occupied Italy and Monaco, and the Nazi deportation of the Jewish population began. René Blum, the prominent French Jew who founded the Ballet de l'Opéra in Monte Carlo, was arrested in his Paris home and held in the Drancy deportation camp outside the French capital before being transported to Auschwitz, where he was later murdered. Blum's colleague Raoul Gunsbourg, the director of the Opéra de Monte-Carlo, helped by the French Resistance, escaped arrest and fled to Switzerland. In August 1944, the Germans executed René Borghini, Joseph-Henri Lajoux and Esther Poggio, who were Resistance leaders.

Rainier III, succeeded to the throne on the death of his grandfather, Prince Louis II, in 1949, and ruled until 2005. On 19 April 1956, Prince Rainier married the American actress Grace Kelly, an event that was widely televised and covered in the popular press, focusing the world's attention on the tiny principality.

A 1962 amendment to the constitution abolished capital punishment, provided for women's suffrage and established a Supreme Court of Monaco to guarantee fundamental liberties. In 1963, a crisis developed when Charles de Gaulle blockaded Monaco, angered by its status as a tax haven for wealthy French citizens.

In 1993, the Principality of Monaco became a member of the United Nations, with full voting rights.

In 2002, a new treaty between France and Monaco specified that, should there be no heirs to carry on the Grimaldi dynasty, the principality would still remain an independent nation rather than revert to France. Monaco's military defense is still the responsibility of France.

On 31 March 2005, Rainier III, who was too ill to exercise his duties, relinquished them to his only son and heir, Albert. He died six days later, after a reign of 56 years, with his son succeeding him as Albert II, Sovereign Prince of Monaco. Following a period of official mourning, Prince Albert II formally assumed the princely crown on 12 July 2005, in a celebration that began with a solemn Mass at Saint Nicholas Cathedral, where his father had been buried three months earlier. His accession to the Monégasque throne was a two-step event with a further ceremony, drawing heads of state for an elaborate reception, held on 18 November 2005, at the historic Prince's Palace in Monaco-Ville. On 27 August 2015, Albert II apologised for Monaco's role during World War II in facilitating the deportation of a total of 90 Jews and resistance fighters, of whom only nine survived. "We committed the irreparable in handing over to the neighbouring authorities women, men and a child who had taken refuge with us to escape the persecutions they had suffered in France," Albert said at a ceremony in which a monument to the victims was unveiled at the Monaco cemetery. "In distress, they came specifically to take shelter with us, thinking they would find neutrality."

In 2015, Monaco unanimously approved a modest land reclamation expansion intended primarily to accommodate desperately needed housing and a small green/park area. Monaco had previously considered an expansion in 2008, but had called it off. The plan is for about six hectares (15 acres) of apartment buildings, parks, shops and offices to a land value of about 1 billion euros. The development will be adjacent to the Larvotto district and also will include a small marina. There were four main proposals, and the final mix of use will be finalised as the development progresses. The name for the new district is Anse du Portier.

On 29 February 2020, Monaco announced its first case of COVID-19, a man who was admitted to the Princess Grace Hospital Centre then transferred to Nice University Hospital in France.

On 3 September 2020, the first Monégasque satellite, OSM-1 CICERO, was launched into space from French Guiana aboard a Vega rocket. The satellite was built in Monaco by Orbital Solutions Monaco.

On 28 March 2026, Pope Leo XIV visited Monaco. The visit was part of the ongoing, centuries-old ties that bind the Grimaldi dynasty, which has reigned over Monaco since 1297, to the Successors of Peter. It also aimed to strengthen the “long-standing and trusting” diplomatic relations, according to the press office of the Prince's Palace, between the two smallest states in the world.

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.

The highest point in the country is at the access to the Patio Palace residential building on the Chemin des Révoires (ward Jardin Exotique) from the D6007 (Moyenne Corniche street) at 164.4 m (539 ft) above sea level. The lowest point in the country is the Mediterranean Sea.

Saint-Jean brook is the longest flowing body of water, around 0.19 km (190 m; 0.12 mi; 620 ft) in length, and Fontvieille is the largest lake, approximately 0.5 ha (1.2 acres) in area. Monaco's most populated quartier is Monte Carlo, and the most populated ward is Larvotto.

With the inauguration of Le Portier in 2024, Monaco's total area grew to 2.08 km2 (0.80 sq mi) or 208 ha (510 acres); subsequently, new plans were approved to extend the district of Fontvieille by 0.08 km2 (0.031 sq mi) or 8 ha (20 acres), with land reclaimed from the Mediterranean Sea. Land reclamation projects include extending the district of Fontvieille. There are two ports in Monaco, Port Hercules and Port Fontvieille. There is a neighbouring French port called Cap d'Ail that is near Monaco. Monaco's only natural resource is fishing; with almost the entire country being an urban area, Monaco lacks any sort of commercial agriculture industry.

A small residential expansion, Le Portier was opened in 2024, and additionally a new esplanade was added at Larvatto beach which also had some maintenance.

Many neighbourhoods are shared between Monaco, the immediately uphill French town of Beausoleil, the northeast parts of Cap-d'Ail, and the Figuièra area in Roquebrune-Cap-Martin, forming a transborder agglomeration with approximately 55,000 residents.

Monaco has a hot-summer Mediterranean climate (Köppen climate classification: Csa), with strong maritime influences, with some resemblances to the humid subtropical climate (Cfa). As a result, it has balmy warm, dry summers and mild, rainy winters. The winters are very mild considering the city's latitude, being as mild as locations located much further south in the Mediterranean Basin. Cool and rainy interludes can interrupt the dry summer season, the average length of which is also shorter. Summer afternoons are infrequently hot (indeed, temperatures greater than 30 °C or 86 °F are rare) as the atmosphere is temperate because of constant sea breezes. On the other hand, the nights are very mild, due to the fairly high temperature of the sea in summer. Generally, temperatures do not drop below 20 °C (68 °F) in this season. In the winter, frosts and snowfalls are extremely rare and generally occur once or twice every ten years. On 27 February 2018, both Monaco and Monte Carlo experienced snowfall.

=== Politics ===

Monaco has been governed under a constitutional monarchy since 1911, with the Sovereign Prince of Monaco as head of state. The executive branch consists of a Minister of State as the head of government, who presides over the other five members of the Council of Government. Until 2002, the Minister of State was a French citizen appointed by the prince from among candidates proposed by the Government of France; since a constitutional amendment in 2002, the Minister of State can be French or Monégasque. Since July 2025, the office is held by Christophe Mirmand.

Under the 1962 Constitution of Monaco, the prince shares his veto power with the unicameral National Council. The 24 members of the National Council are elected for five-year terms; 16 are chosen through a majority electoral system and 8 by proportional representation. All legislation requires the approval of the National Council. Following the 2023 Monegasque general election, all 24 seats are held by the pro-monarchist Monegasque National Union. The election system has often resulted in lopsided victories in terms of seats won by parties, well out of proportion with the received votes: In the 2013 Monegasque general election, the Horizon Monaco and Union Monegasque parties got 50.34% and 38.99% of the votes respectively, but got 20 and 3 seats each. Freedom House ranked Monaco 60th of 207 countries in 2024, deducting many points for having both an unelected political head of state and an unelected head of government.

The principality's city affairs are managed by the Municipality of Monaco. The municipality is directed by the Communal Council, which consists of 14 elected members and is presided over by a mayor. Georges Marsan has been mayor since 2003. Unlike the National Council, communal councillors are elected for four-year terms and are strictly non-partisan; oppositions inside the council frequently form.

Members of the judiciary of Monaco are appointed by the Sovereign Prince. Key positions within the judiciary are held by French magistrates, proposed by the Government of France. Monaco currently has three examining magistrates.

Monaco is the second-smallest country by area in the world; only Vatican City is smaller. Monaco is the most densely populated country in the world. The state consists of only one municipality (commune), the Municipality of Monaco. There is no geographical distinction between the State and City of Monaco, although responsibilities of the government (state-level) and of the municipality (city-level) are different. According to the constitution of 1911, the principality was subdivided into three municipalities:

Monaco-Ville, the old city and seat of government of the principality on a rocky promontory extending into the Mediterranean, known as the Rock of Monaco, or simply "The Rock";

Monte Carlo, the principal residential and resort area with the Monte Carlo Casino in the east and northeast;

La Condamine, the southwestern section including the port area, Port Hercules.

The municipalities were merged into one in 1917, and they were accorded the status of Wards or Quartiers thereafter.

Fontvieille was added as a fourth ward, a newly constructed area claimed from the sea in the 1970s;

Moneghetti became the fifth ward, created from part of La Condamine;

Larvotto became the sixth ward, created from part of Monte Carlo;

La Rousse/Saint Roman (including Le Ténao) became the seventh ward, also created from part of Monte Carlo.

Subsequently, three additional wards were created, but then again were dissolved in 2013:

Saint Michel, created from part of Monte Carlo;

La Colle, created from part of La Condamine;

Les Révoires, also created from part of La Condamine.

Most of Saint Michel became part of Monte Carlo again in 2013. La Colle and Les Révoires were merged the same year as part of a redistricting process, where they became part of the larger Jardin Exotique ward. An additional ward was planned by new land reclamation to be settled beginning in 2014 but Prince Albert II announced in his 2009 New Year Speech that he had ended plans due to the economic climate at the time. Prince Albert II in mid-2010 firmly restarted the programme.

The four traditional quartiers of Monaco are Monaco-Ville, La Condamine, Monte Carlo and Fontvieille. The suburb of Moneghetti, the high-level part of La Condamine, is generally seen today as an effective fifth Quartier of Monaco, having a very distinct atmosphere and topography when compared with low-level La Condamine.

For town planning purposes, a sovereign ordinance in 1966 divided the principality into reserved sectors, "whose current character must be preserved", and wards. The number and boundaries of these sectors and wards have been modified several times. The latest division dates from 2013 and created two reserved sectors and seven wards. A new 6-hectare neighbourhood, Le Portier, has been built by land reclaimed from the sea and was opened in December 2024. It was attached to the ward of Larvotto.

Note: for statistical purposes, the Wards of Monaco are further subdivided into 178 city blocks (îlots), which are comparable to the census blocks in the United States.

Another possibility was Fontvieille II Development to commence in 2013

Honoré II, Prince of Monaco secured recognition of his independent sovereignty from Spain in 1633, and then from Louis XIII of France by the Treaty of Péronne (1641). Monaco made a special agreement with France in 1963 in which French customs laws apply in Monaco and its territorial waters. Monaco uses the euro but is not a member of the European Union. Monaco shares a 6 km (3.7 mi) border with France but also has about 2 km (1.2 mi) of coastline with the Mediterranean sea. Two important agreements that support Monaco's independence from France include the Franco-Monégasque Treaty of 1861 and the French Treaty of 1918 (see also Kingdom of Sardinia). The United States CIA Factbook records 1419 as the year of Monaco's independence.

France and Italy have embassies within Monaco, while most other nations are represented via operations in Paris. There are about another 30 or so consulates. By the 21st century Monaco maintained embassies in Belgium (Brussels), France (Paris), Germany (Berlin), the Vatican, Italy (Rome), Portugal (Lisbon), Spain (Madrid), Switzerland (Bern), United Kingdom (London) and the United States (Washington).

As of 2000, nearly two-thirds of the residents of Monaco were foreigners. In 2015, the immigrant population was estimated at 60% It is reported to be difficult to gain citizenship in Monaco, or at least in relative number there are not many people who do so. In 2015, an immigration rate of about 4 people per 1,000 was noted, or about 100–150 people a year. The population of Monaco went from 35,000 in 2008 to 36,000 in 2013, and of that about 20 per cent were native Monegasque (see also Nationality law of Monaco).

A recurring issue Monaco encounters with other countries is the attempt by foreign nationals to use Monaco to avoid paying taxes in their own country. Monaco actually collects a number of taxes including a 20% VAT and 33% on companies unless they make over 75% of their income inside Monaco. Monaco does not allow dual citizenship but does have multiple paths to citizenship including by declaration and naturalisation. In many cases the key issue for obtaining citizenship, rather than attaining residency in Monaco, is the person's ties to their departure country. For example, French citizens must still pay taxes to France even if they live full-time in Monaco unless they resided in the country before 1962 for at least 5 years. In the early 1960s there was some tension between France and Monaco over taxation.

There are no border formalities entering or leaving France, and there have been no land border controls since 1963. For visitors, a souvenir passport stamp is available on request at Monaco's tourist office. This is located on the far side of the gardens that face the Casino.

Monaco's twin cities are:

The wider defence of the nation is provided by France. Monaco has no navy or air force, but on both a per-capita and per-area basis, Monaco has one of the largest police forces (515 police officers for about 38,000 people) and police presences in the world. Its police includes a special unit which operates patrol and surveillance boats jointly with the military. Police forces in Monaco are commanded by a French officer.

There is also a small military force. This consists of a bodyguard unit for the prince and his palace in Monaco-Ville called the Compagnie des Carabiniers du Prince (Prince's Company of Carabiniers); together with the militarised, armed fire and civil defence corps (Sapeurs-Pompiers) it forms Monaco's total forces. The Compagnie des Carabiniers du Prince was created by Prince Honoré IV in 1817 for the protection of the principality and the princely family. The company numbers exactly 116 officers and men; while the non-commissioned officers and soldiers are local, the officers have generally served in the French Army. In addition to their guard duties as described, the carabiniers patrol the principality's beaches and coastal waters.

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.

The world's most expensive apartment is located in Monaco, a penthouse at the Odeon Tower valued at $335 million according to Forbes in 2016.

The state retains monopolies in numerous sectors, including tobacco and the postal service. The telephone network (Monaco Telecom) used to be fully owned by the state. Its monopoly now comprises only 45%, while the remaining 55% is owned by Cable & Wireless Communications (49%) and Compagnie Monégasque de Banque (6%). Living standards are high, roughly comparable to those in prosperous French metropolitan areas.

Monaco is not a member of the European Union, but is very closely linked via a customs union with France. As such, its currency is the same as that of France, the euro. Before 2002, Monaco minted its own coinage, the Monégasque franc. Monaco has acquired the right to mint euro coins with Monegasque designs on its national side.

Monaco has become a major banking centre, holding over €100 billion worth of funds. Banks in Monaco specialise in providing private banking, asset and wealth management services. The principality has successfully sought to diversify its economic base into services and small, high-value-added, non-polluting industries, such as cosmetics.