GDP growth in Monaco
Monaco: GDP growth was 8.5% in 2024. ◆ Volatile
GDP growth in Monaco, 1971–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual %.
Analysis
Monaco recorded 8.5% for gdp growth in 2024.
The figure is up 56.3% on the previous year and up 18.4% over ten years.
Over the whole period, gdp growth in Monaco peaked at 22.2% in 2021 and was at its lowest, -13.2%, in 2020.
That places Monaco 9th out of 214 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.9% | -1.0% | 6.6% | 9 |
| 1980s | 2.3% | 0.9% | 4.6% | 10 |
| 1990s | 1.9% | -0.9% | 3.5% | 10 |
| 2000s | 2.2% | -11.3% | 14.4% | 10 |
| 2010s | 4.4% | -3.2% | 9.6% | 10 |
| 2020s | 6.8% | -13.2% | 22.2% | 5 |
Countries ranked near Monaco
More economy & growth data for Monaco
- GDP per capita 288,002 current US$ (2024)
- Gross value added at basic prices (GVA) 10.28 billion current LCU (2024)
- Gross value added at basic prices (GVA) 5.73 billion constant LCU (2014)
- GDP 11.13 billion current US$ (2024)
- GDP 10.28 billion current LCU (2024)
- GDP 9.55 billion constant 2015 US$ (2024)
- GDP 9.17 billion constant LCU (2024)
- GDP per capita growth 9.4% (2024)
- DEC alternative conversion factor 0.885 LCU per US$ (2025)
- GDP per capita 237,372 constant LCU (2024)
Frequently asked questions
- What is gdp growth in Monaco?
- Gdp growth in Monaco was 8.5% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gdp growth recorded in Monaco?
- The highest recorded value was 22.2% in 2021.
- What is the lowest gdp growth recorded in Monaco?
- The lowest recorded value was -13.2% in 2020.
- How does Monaco rank for gdp growth?
- Monaco ranks 9th out of 214 countries with data for 2024.
- Is gdp growth rising or falling in Monaco?
- Over the last ten years it is up 18.4%. The long-run trend across the full record is volatile.
- Where does this Monaco data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of GDP growth (annual %). Statizoid updates them automatically from the source API.
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About this data
Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.