In addition to monitoring, the security unit informs prostitutes Sdx possible risks and resources available to them. GDP purchasing power parity :. Independent prostitution of a consenting adult is the only form of prostitution allowed by Monegasque law.
Living standards Sed high, roughly comparable to those in prosperous French metropolitan areas. Measures Against Exploitation[ edit ] Prostitution[ edit ] In order to help prevent egregious human rights violations, Monaco deates a special police unit to monitor the activities of women in prostitution. Monaco was formally removed from the OECD's "grey list" of uncooperative tax jurisdictions in latebut continues to face international pressure to abandon its banking secrecy laws and help combat tax evasion.
InMonaco's GDP fell by The state has no income tax and low business taxes and thrives as a tax haven both for individuals who have established residence and for foreign companies that have set up businesses and offices. The principality also is a banking center and has successfully sought to diversify into services and small, high-value-added, nonpolluting industries.
The state retains monopolies in a of sectors, including tobacco, the telephone network, and the postal service. Monaco's reliance on tourism and banking for its economic growth has left it vulnerable to downturns in France and other European Sfx which are the principality's main trade partners.