Monaco, a tiny city-state on the French Riviera, is a constitutional monarchy with a hereditary ruler, Prince Albert II, who serves as the head of state. The country’s government is a parliamentary system, with a Council of Government headed by a Minister of State responsible for the day-to-day administration. The legislative branch consists of the National Council, a unicameral parliament with 24 elected members serving five-year terms. Monaco’s political landscape is characterized by a multi-party system, though the ruling party, Horizon Monaco, has traditionally held a dominant position.

Monaco’s judiciary is independent, ensuring the rule of law. The country’s legal system is based on French law, given its historical ties with France. Monaco is renowned for its prosperity, low taxes, and a bustling economy driven by tourism, banking, and the casino industry. It maintains a stable and peaceful environment, making it an attractive destination for residents and visitors alike.

The principality also plays a prominent role on the international stage, as it is a member of various organizations, including the United Nations and the Council of Europe.  In summary, Monaco is a constitutional monarchy with a parliamentary system, known for its wealth and stability. Its political structure, though small in scale, contributes to its status as a prosperous and attractive destination on the Mediterranean coast.