Key Figures

Chief of State:
Prince Albert II
Head of Government:
Minister of State Serge Telle


Government Name:
Principality of Monaco
Adopted: 1911; Enacted shortly after the Monegasque Revolution, this constitution outlines the three branches of government, including several administrative offices and councils, which share advisory and legislative power with the Prince. It also defines the line of succession to the Monegasque throne.
Government Type:
Constitutional Monarchy
Principality of Monaco Flag
Coat of Arms of Principality of Monaco

Index of Economic Freedom

There is no Index of Economic Freedom rating for Monaco

Country Risk Rating

There is no Country Risk Rating for Monaco

Government Branches

Main Powers Election Process Election Cycle 1

Prince represents the principality in all foreign relations, initiates the laws, and has full authority in the courts and tribunals. Minister of State leads the government's action and is in charge of foreign relations. Also directs the executive services, commands the police, and presides over the Council of Government.

Prince is hereditary and Minister of State is appointed by the monarch.

Life appointment


Serve as the judicial revision courts which hear civil and criminal cases.

Members are appointed by a Sovereign Ordinance.

Life appointment


Meet at least twice a year to vote on the country's budget and bills proposed by the prince's government.

16 members are elected by majority vote in mult-member constituencies and 8 members are elected through an open-list proportional representation system.

5 years

Regional Trade Blocs

No Regional Trade Blocs

International Organization Participation [2]

Environmental Agreements [3]

Tax Information [2]

Tax Authority:
Information not available
Tax Name:
Information not available


  1. ElectionGuide
  2. EY,
  3. CIA World Factbook,
  4. U.S. Bilateral Relations Fact Sheets