Monaco
The Genoese built a fortress on the site of present-day Monaco in 1215. The current ruling GRIMALDI family first seized control in 1297 but was not able to permanently secure its holding until 1419.
Location
Source: CIA World Factbook (public domain)
Geography
second-smallest independent state in the world (after the Holy See); smallest country with a coastline; almost entirely urban
Source: CIA World Factbook (public domain)
History
The Genoese built a fortress on the site of present-day Monaco in 1215. The current ruling GRIMALDI family first seized control in 1297 but was not able to permanently secure its holding until 1419. Economic development was spurred in the late 19th century with a railroad linkup to France and the opening of a casino. Since then, the principality's mild climate, coastal Mediterranean scenery, and gambling facilities have made Monaco world-famous as a tourist and recreation center.
Source: CIA World Factbook (public domain)
Government
constitutional monarchy. Independence: 1419 (beginning of permanent rule by the House of GRIMALDI)
Source: CIA World Factbook (public domain)
Economy
high-income European economy; non-EU euro user; considered a tax haven; tourism and banking are largest sectors; negatively impacted by COVID-19; major oceanographic museum; among most expensive real estate; major state-owned enterprises
Source: CIA World Factbook (public domain)
Suggested Reading
Adopt This Country
Will you help us keep the Monaco page accurate and up to date?
Adopt This Country