Monaco Passport Ranking
The Monegasque passport currently ranks on the 15th place according to the Guide Passport Ranking Index. It provides visa-free access to 174 countries. This makes it one of the most desirable passports in the world with a very high mobility score. Monegasque passport holders have visa-free and visa on arrival access to countries such as Brazil, Japan, United Kingdom, United States and the entire European Union allowing almost instant travel worldwide. Monegasque passport holders do however require a visa to enter about 52 destinations in the world for destinations such as China, India and Russia.
The Principality of Monaco is a microstate on the French Riviera that consists of ten wards. It is located in Europe with France as the only neighboring country and the Mediterranean Sea to the south. The most important wards are Monaco-City, Monte-Carlo/Spélugues and la Rousse. Monaco has a surface area of only 2.1 square kilometers and is therefore the second smallest independent country in Europe. Its climate is Mediterranean with hot, dry summers and mild wet winters. The terrain is dominated by hills and rocky cliffs.
The overall population is 38,300 people. The capital of the country is Monaco, which is also the most populous city. Monaco does not have an airport but only a heliport called Monaco Heliport (MCM). For international and European flights, Monegasque citizens need to travel to Nice in neighboring France.
Monegasque culture is strongly influenced by its neighboring country France. The majority of the population is Roman Catholic. The official language is French. The legal system is the civil law influenced by French law. The government type is a constitutional monarchy. The chief of state is Prince Albert II and the head of government is Minister of State Serge Telle.
The official currency of the country is the Euro (EUR) with the current exchange rate being EUR 0.84 to the USD. The country has an open economy, generating a GDP of approximately $6.6 billion. Monaco is one of the smallest economies in Europe. Its citizens do however have one of the highest per capita income with $114,600. The GDP is mostly made up of 2 key sectors, which are services and industry. The economy is highly diversified with a strong expertise in the financial sector. Due to its low taxes many companies are registering their headquarters in the country, generating additional governmental income. Furthermore, tourism and casino businesses are an important contributor.
Monaco is mostly known for its beautiful coastline and secluded exclusive atmosphere. A selection of the major destinations includes Monte Carlo, the Palais du Prince, Musée Oceanographique, the Jadrin Exotique, the Cathedral, the Opera and the famous harbor. Due to its location next to France, it attracts many day tourists. The nation has a total of approximately 347,000 tourists visiting every year with the majority originating from Europe and its surrounding countries. Due to the rather expensive nature of Monaco, the majority of tourists are also high spenders contributing high value stays to the tourism economy.