Monaco Country Overview
Where is Monaco located? The state of Monaco, also known as the Principality of Monaco, is located in Western Europe and is completely surrounded by France. However, it is a state of its own. However, because of its location, Monaco is assigned to Central European Time on time zone maps. Thus, the time difference to the coordinated world time (UTC) is one hour. In summer, however, a time change to “Central European Summer Time” is made. Then the time difference increases to 2 hours standard difference.
As of 2023, the latest population of Monaco is 39,000, based on our calculation of the current data from UN (United Nations).
|Population growth rate||0.37%|
|Birth rate||6.60 births per 1,000 people|
|65 years and above||33.15%|
|Median age||51.70 years|
|Gender ratio (Male to Female)||0.95|
|Population density||19,500.00 residents per km²|
|28% French, 22% Monegasque, 19% Italian and others|
|Catholics (Roman Catholic) 90%|
People in Monaco
The residents of Monaco are the Monegasque. Almost 39,000 people now live there. However, not all of them are of Monegasque origin. 47 out of 100 are French, 17 out of 100 Italians and three out of 100 German. Only 15 out of 100 are really Monegasque. Thus only a small part of the residents really have the Monegasque citizenship, which is very popular.
Monaco residents do not pay taxes!
Why this? If you are in Monegasse, you don’t have to pay taxes. Half of the people of Monaco, i.e. the people who actually have citizenship, are millionaires. On the other hand, life in Monaco is very expensive, especially the apartments and houses cost a lot of money that few can actually afford.
The population in Monaco is increasing, which is due to the increased influx of people and less due to the increase in births.
Languages in Monaco
There are also many French and some Italians who cross the border every day to work in Monaco, even if they don’t live there. The language spoken there is mainly French. Not all residents speak Monegasque, a Romance dialect. The language is taught in schools.
Religions in Monaco
Most people are Catholics, 90 out of 100 say the statistics.