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Background:
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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, splendid scenery, and
gambling facilities have made Monaco world famous as a tourist
and recreation center. |
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Location:
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Western Europe,
bordering the Mediterranean Sea on the southern coast of
France, near the border with Italy |
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Geographic coordinates:
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43 44 N, 7 24 E |
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Map references:
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Europe |
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Area:
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total:
1.95 sq km
water: 0 sq km
land: 1.95 sq km |
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Area - comparative:
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about three times
the size of The Mall in Washington, DC |
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Land boundaries:
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total: 4.4
km
border countries: France 4.4 km |
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Coastline:
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4.1 km |
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Climate:
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Mediterranean
with mild, wet winters and hot, dry summers |
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Terrain:
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hilly, rugged,
rocky |
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Elevation extremes:
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lowest point:
Mediterranean Sea 0 m
highest point: Mont Agel 140 m |
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Natural resources:
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none |
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Land use:
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arable land:
0%
permanent crops: 0%
other: 100% (urban area) (1998 est.) |
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Irrigated land:
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NA sq km |
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Natural hazards:
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NA |
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Environment - current issues:
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NA |
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Environment - international agreements:
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party to:
Air Pollution, Air Pollution-Volatile Organic Compounds,
Biodiversity, Climate Change, Desertification, Endangered
Species, Hazardous Wastes, Law of the Sea, Marine Dumping,
Ozone Layer Protection, Ship Pollution, Wetlands, Whaling
signed, but not ratified: Climate Change-Kyoto Protocol |
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Geography - note:
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second-smallest
independent state in the world (after Holy See); almost
entirely urban |
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Population:
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32,270 (July 2004
est.) |
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Age structure:
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0-14 years:
15.5% (male 2,554; female 2,453)
15-64 years: 62.1% (male 9,860; female 10,165)
65 years and over: 22.4% (male 2,959; female 4,279)
(2004 est.) |
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Median age:
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total:
45.1 years
male: 43.1 years
female: 47.1 years (2004 est.) |
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Population growth rate:
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0.44% (2004 est.) |
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Birth rate:
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9.36 births/1,000
population (2004 est.) |
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Death rate:
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12.74
deaths/1,000 population (2004 est.) |
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Net migration rate:
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7.75 migrant(s)/1,000
population (2004 est.) |
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Sex ratio:
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at birth:
1.05 male(s)/female
under 15 years: 1.04 male(s)/female
15-64 years: 0.97 male(s)/female
65 years and over: 0.69 male(s)/female
total population: 0.91 male(s)/female (2004 est.) |
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Infant mortality rate:
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total:
5.53 deaths/1,000 live births
female: 4.61 deaths/1,000 live births (2004 est.)
male: 6.4 deaths/1,000 live births |
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Life expectancy at birth:
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total
population: 79.42 years
male: 75.53 years
female: 83.5 years (2004 est.) |
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HIV/AIDS - adult prevalence rate:
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NA% |
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Nationality:
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noun:
Monegasque(s) or Monacan(s)
adjective: Monegasque or Monacan |
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Ethnic groups:
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French 47%,
Monegasque 16%, Italian 16%, other 21% |
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Religions:
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Roman Catholic
90% |
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Languages:
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French
(official), English, Italian, Monegasque |
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Literacy:
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definition:
NA
total population: 99%
male: NA%
female: NA% |
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Country name:
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conventional
long form: Principality of Monaco
conventional short form: Monaco
local short form: Monaco
local long form: Principaute de Monaco |
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Government type:
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constitutional
monarchy |
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Capital:
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Monaco |
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Administrative divisions:
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none; there are
no first-order administrative divisions as defined by the US
Government, but there are four quarters (quartiers, singular -
quartier); Fontvieille, La Condamine, Monaco-Ville,
Monte-Carlo |
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Independence:
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1419 (beginning
of the rule by the House of Grimaldi) |
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National holiday:
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National Day
(Prince of Monaco Holiday), 19 November |
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Constitution:
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17 December 1962 |
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Legal system:
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based on French
law; has not accepted compulsory ICJ jurisdiction |
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Executive branch:
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chief of
state: Prince RAINIER III (since 9 May 1949); Heir
Apparent Prince ALBERT Alexandre Louis Pierre, son of the
monarch (born 14 March 1958)
elections: none; the monarchy is hereditary; minister
of state appointed by the monarch from a list of three French
national candidates presented by the French Government
cabinet: Council of Government is under the authority
of the monarch
head of government: Minister of State Patrick LECLERCQ
(since 5 January 2000) |
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Legislative branch:
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unicameral
National Council or Conseil National (24 seats; 16 members
elected by list majority system, 8 by proportional
representation; to serve five-year terms)
election results: percent of vote by party - NA%; seats
by party - UNAM 21, UND 3
elections: last held 9 February 2003 (next to be held
NA February 2008) |
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Judicial branch:
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Supreme Court or
Tribunal Supreme (judges appointed by the monarch on the basis
of nominations by the National Council) |
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Political parties and leaders:
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National and
Democratic Union or UND [Jean-Louis CAMPORA]; Union for Monaco
or UPM (including National Union for the Future of Monaco or
UNAM [leader NA] |
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Political pressure groups and leaders:
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NA |
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Diplomatic representation in the US:
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Monaco does not
have an embassy in the US
consulate(s) general: New York |
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Diplomatic representation from the US:
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the US does not
have an embassy in Monaco; the US Consul General in Marseille
(France) is accredited to Monaco |
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Economy - overview:
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Monaco, bordering
France on the Mediterranean coast, is a popular resort,
attracting tourists to its casino and pleasant climate. In
2001, a major construction project extended the pier used by
cruise ships in the main harbor. 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. The
state retains monopolies in a number of sectors, including
tobacco, the telephone network, and the postal service. Living
standards are high, roughly comparable to those in prosperous
French metropolitan areas. Monaco does not publish national
income figures; the estimates below are extremely rough. |
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GDP:
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purchasing power
parity - $870 million (1999 est.) |
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GDP - real growth rate:
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NA% |
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GDP - per capita:
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purchasing power
parity - $27,000 (1999 est.) |
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GDP - composition by sector:
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agriculture:
NA%
industry: NA%
services: NA% (2001 est.) |
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Population below poverty line:
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NA% |
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Inflation rate (consumer prices):
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NA% |
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Labor force:
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30,540 (January
1994) |
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Unemployment rate:
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3.1% (1998) |
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Budget:
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revenues:
$518 million
expenditures: $531 million, including capital
expenditures of $NA (1995) |
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Industries:
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tourism,
construction, small-scale industrial and consumer products |
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Industrial production growth rate:
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NA% |
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Electricity - consumption:
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NA kWh |
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Electricity - imports:
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NA kWh
note: electricity supplied by France |
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Agriculture - products:
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none |
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Exports:
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$NA; full customs
integration with France, which collects and rebates Monegasque
trade duties; also participates in EU market system through
customs union with France |
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Imports:
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$NA; full customs
integration with France, which collects and rebates Monegasque
trade duties; also participates in EU market system through
customs union with France |
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Debt - external:
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$NA |
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Economic aid - recipient:
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$NA |
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Currency:
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euro (EUR) |
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Currency code:
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EUR |
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Exchange rates:
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euros per US
dollar - 0.8860 (2003), 1.0626 (2002), 1.1175 (2001), 1.0854
(2000), 0.9386 (1999) |
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Fiscal year:
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calendar year |
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Telephones - main lines in use:
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33,700 (2002) |
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Telephones - mobile cellular:
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19,300 (2002) |
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Telephone system:
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general
assessment: modern automatic telephone system
domestic: NA
international: country code - 377; no satellite earth
stations; connected by cable into the French communications
system |
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Radio broadcast stations:
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AM 1, FM NA,
shortwave 8 (1998) |
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Television broadcast stations:
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5 (1998) |
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Internet country code:
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.mc |
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Internet users:
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16,000 (2002) |
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Railways:
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total: 1.7
km
standard gauge: 1.7 km 1.435-m gauge (2002) |
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Highways:
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total: 50
km
paved: 50 km
unpaved: 0 km (1999 est.) |
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Waterways:
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none |
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Ports and harbors:
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Monaco |
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Merchant marine:
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none |
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Airports:
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none; linked to
the airport at Nice, France by helicopter service (2003) (2003
est.) |
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Heliports:
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1 (shuttle
service between the international airport at Nice, France, and
Monaco's heliport at Fontvieille) (2003 est.) |
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Military - note:
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defense is the
responsibility of France |
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Disputes - international:
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none |
This page was last updated on 11 May, 2004
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