The Principality of Monaco (French: Principauté de Monaco) is a wealthy city-state on the Mediterranean Sea, bounded by the French Riviera. Though tiny, the country is packed with entertainment for those with money to burn: think yachts and casinos, plus the annual Formula 1 Grand Prix.
This is the second smallest independent state in the world (after the Vatican) and is entirely urban. Monte Carlo is not the capital of Monaco but a government district. The country is divided into nine sectors: Monaco-Ville (the old city), the Condamine (port quarter), Monte-Carlo (business and recreation) and Fontvieille (recreation, second port for smaller boats and light industry) are the most well-known among them. With no natural resources to exploit other than its location and climate, the principality has become a resort for tourists and a tax haven for wealthy people. Monaco is six times the size of the Vatican and the world's most densely populated country. While its borders have not moved since 1861 (when it de jure lost over 80% of its territory to France), Monaco has still grown its territory by creating artificial land from the sea, which is how the area Fontvielle came to be.