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Monaco is a small sovereign city-state located in South Western Europe on the northern central coast of the Mediterranean Sea, having a land border on three sides only with France, and being about 16 km (9.9 mi) away from Italy. Its size is just under 2 km² with an estimated population of almost 33,000. Monaco is the world's most densely populated sovereign country, and the world's smallest French-speaking country. An average person takes less than an hour to walk the entire length of the country.^{[citation needed]} Monaco is the name of the country as well as the name of its only and capital city. It is often regarded as a tax haven, and many of its inhabitants are wealthy and from foreign countries, making up a majority of the population, at around 84%

Monaco is a constitutional monarchy and principality, with Prince Albert II as head of state. The House of Grimaldi has ruled Monaco since 1297, and the state's sovereignty was officially recognized by the Franco-Monegasque Treaty of 1861. Despite being independent, Monaco's defence is the responsibility of France.