Canada-Monaco fact sheet

Official Title:
Principality of Monaco

General Information

Capital: Monaco
Population (million): -
Total Area: 2 km²
Currency: 1 CAN$ = 0.68 EURO (EUR) (2021- Annual average)
National Holiday: November 19
Language(s): French (only official language). Other spoken languages: Italian, English, Monegasque

Political Information

Type of State:
Constitutional monarchy

Type of Government:
Sovereign and independent State in virtue of the international law and particular conventions with France. It is a constitutional and hereditary monarchy headed by the Prince. The Minister of State (appointed by the Prince) heads the Council of Government, comprising five Counsellors of Government (ministers that are accountable to the Prince). The legislative power is also shared with the National Council, a unicameral parliament (24 members elected by universal vote). The powers of the Prince and his government are set out in the Constitution, adopted in 1962, and modified in 2002.

Head of State:
H.R.H. Prince Albert II (Accession 2005)

Head of Government:
Minister of State Serge Telle

Ministers:
Foreign Affairs and Cooperation (Counsellor of Government): Gilles Tonelli
Finance & Economics (Counsellor of Government): Jean Castellini

Main Political Parties:
National Council: Primo! (21), Horizon Monaco (2), Union monégasque (1)

Elections:
Monarchy is hereditary. Members of the National Council (5 year term): next in 2023.

Economic Information (2021)

Source: IMF (estimates)

Product Trade and Investment (2021)

Canadian exports to country: $
Canadian imports from country: $
FDI in Canada: -
CDI in the country: $ 5 million

Source: Statistics Canada

Representation

Foreign Representation in Canada:
Ambassador Maguy Maccario Doyle

Canadian Representation Abroad:
Ambassador Isabelle Hudon

December 2022
Sources include: Statistics Canada, IMF