Monaco banking services
*If you have assets worth $300,000 USD or more and would like it safeguarded in an Monaco Bank Account, click here for a consultation request..
Economy—overview: Monaco is a popular resort attracting tourists to its casino and pleasant climate.
The Principality has successfully sought to diversify into services and small high-value-added nonpolluting industries. The state has no income tax and low business taxes and thrives as a tax haven both for individuals who have established residence and for foreign companies that have set up businesses and offices.
About 40% of Monaco's annual revenue comes from value-added taxes on hotels, banks and the industrial sector. Living standards are high.
GDP: purchasing power parity—$1,9 Billion (2004 est.)
GDP—real growth rate: NA%
GDP—per capita: purchasing power parity—$68,700 (2004 est.)
GDP—composition by sector:
agriculture: NA%
industry: NA%
services: NA%
Inflation rate—consumer price index: NA%
Labor force:
total: 30 540 (1 January 1994)
Unemployment rate: 3.1% (1994)
Budget:
revenues: $623.3 million
expenditures: $638.7 million including capital expenditures of $NA (1995 est.)
Industrial production growth rate: NA%
Electricity—capacity: 10 000 kW standby
note: electricity imported from France
Electricity—production: NA kWh
Electricity—consumption per capita: NA kWh
Agriculture—products: none
Exports: $NA; full customs integration with France which collects and rebates Monegasque trade duties; also participates in EU market system through customs union with France
Imports: $NA; full customs integration with France which collects and rebates Monegasque trade duties; also participates in EU market system through customs union with France
Debt—external: $NA
Economic aid: $NA
Currency: 1 French franc (F) = 100 centimes
Exchange rates: French francs (F) per US$1—6.0836 (January 1998) 5.8367 (1997) 5.1155 (1996) 4.9915 (1995) 5.5520 (1994) 5.6632 (1993)
Fiscal year: calendar year
Source - world666.com
*If you have assets worth $300,000 USD or more and would like it safeguarded in an Monaco Bank Account, click here for a consultation request..
* Banque de Gestion Edmond de Rothschild - Monaco SWIFT: BERLMCMCXXX
* Banque Pasche - CM - CIC Private Banking SWIFT: BPGEMCMCXXX
* Banque J.Safra (Monaco) SWIFT: BJSBMCMXXXX
* BNP Paribas Private Bank Monaco SWIFT: BPPBMCMCXXX
* BSI Monaco SWIFT: BSILMCMCXXX
* Credit Foncier de Monaco SWIFT: CFMOMCMXXXX
* Compagnie Monégasque de Banque SWIFT: CMBMMCMXXXX
* Crédit Mobilier de Monaco (SWIFT: CMMDMCM1XXX not connected)
* Credit Suisse (Monaco) SWIFT: CRESMCMXXXX
* Dresdner Bank Monaco SWIFT: DRESMCMCXXX
* EFG Eurofinancière d'Investissements SWIFT: EFGBMCMCXXX
* Fortis Banque Monaco SWIFT: FTSBMCMCXXX
* HSBC Private Bank (Monaco) SWIFT: BLICMCMCXXX
* ING Bank (Monaco) SWIFT: INGBMCMCXXX
* KB Luxembourg (Monaco) SWIFT: KBLXMCMCXXX
* Martin Maurel Sella - Banque Privée (Monaco) (SWIFT: MMSEMCM1XXX not connected)
* Monte Paschi Monaco SWIFT: MONTMCMCXXX
* SG Private Banking (Monaco) SWIFT: SGBTMCMCXXX
* UBS (Monaco) SWIFT: UBSWMCMXXXX