Name: Principality of Monaco, Principauté de Monaco

Establishment of diplomatic relations: 16 October 1951 (Federal Republic of Germany)

System of government: hereditary constitutional monarchy

Prince Albert II has been Head of State since April 2005. He is advised on important matters by the Crown Council, whose seven members are appointed by him. The government is led by Monaco’s current Minister of State Christophe Mirmand, who took office on 21 July 2025.

Monaco’s foreign policy scope expanded when the Friendship and Cooperation Treaty between Monaco and France entered into force on 15 February 2006. Monaco maintains diplomatic relations with 163 states and 22 international organisations, and is represented by 17 ambassadors in 29 states and in 15 international organisations.

Relations between Germany and Monaco have traditionally been friendly, and 2026 marks the 75^th anniversary of the two countries' establishment of formal ties. The Monegasque Embassy in Berlin is one of Monaco’s few embassies worldwide. Since 2007, the German Ambassador in France, based in Paris, has also been accredited to Monaco. In Monaco itself, there has been a German honorary consul since 1988. Monaco’s Foreign Minister Berro-Amadei most recently met with Foreign Minister Wadephul on 10 July 2026.

Germany is Monaco’s second-largest trading partner in the EU after Italy, with imports from Germany comprising 11 percent of total Monegasque imports. In turn, Monaco exports nine percent of its goods to Germany.

Relations with the EU are close: Monaco has been part of the EU customs union since 1997. Since 2000, it has participated in the free movement of goods in the EU single market and has been part of the Schengen area via France. The official currency is the euro. Monaco is also a member of the SEPA (Single European Payment Area) Union, which entered into force in 2012. An Agreement between the EU and Monaco on the automatic exchange of information for tax matters that aims to improve tax compliance took effect in 2017.

Monaco has been a member of the United Nations since 1984 and a member of the Council of Europe since 2004; it assumed the presidency of the Council of Ministers for the first time for a six-month term in May 2026.

Sustainable development and environmental and marine protection are high-priority issues for Monaco’s Head of State and its government, and in June 2025 Monaco hosted the Blue Economy and Finance Forum at the United Nations Oceans Conference.

Monaco’s population totals 38,423 (2025), whereas only one quarter (9300 inhabitants) are citizens of Monaco. French and Italian citizens are the second and third-largest groups, respectively, and some 980 German citizens live in Monaco.