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Monaco (/ˈmɒnəkoʊ/ (listen); French pronunciation: [mɔnako]), officially the Principality of Monaco (French: Principauté de Monaco; Ligurian: Prinçipatu de Múnegu), is a sovereign city-state and microstate on the French Riviera a few kilometres west of the Italian region of Liguria, in Western Europe, on the Mediterranean Sea. It is bordered by France to the north, east and west. The principality is home to 38,682 residents, of whom 9,486 are Monégasque nationals;[12] it is widely recognised as one of the most expensive and wealthiest places in the world. The official language of the principality is French. In addition, Monégasque (a dialect of Ligurian), Italian and English are spoken and understood by many residents.