Monaco, officially the
Principality of Monaco, is
a small sovereign city-state located in South Western Europe on
the northern central coast of the Mediterranean Sea. It is
surrounded on three sides by its neighbor, France, and its
centre is about 16 km (9.9 mi) from Italy. Its area is 2.02 km
2
(0.78 sq mi) with an estimated population of almost 33,000.
Monaco is the name of the country and its capital (and only)
city. It is famous as a tax haven, and wealthy foreigners make
up the majority of the population at approximately 84%.