Monaco celebrates its national holiday. Prince Albert II was enthroned on November 19, 2005. Monaco’s government is that of a constitutional monarchy. Located between France and the Mediterranean Sea, it has only 1.21 square miles of area. It is the second smallest country in the world. More than 30,000 people live in Monaco. It has high literacy rates and life expectancy rates, but it has a negative population growth rate. Most of the country’s revenue comes from tourism and gambling. Older children can larn more at: Monaco.