Gouvernement Princier de Monaco

Economy and Finance

The Economy in detail

The Bulletin of the Economy offers a synthesis of Monegasque economic activity for the preceding quarter. It is like a scorecard, making it possible to keep track of changes in the tourism, real estate and transport sectors, foreign trade, the Principality's revenue, finance and employment.

The figures for each period are aggregated and compared with those for the corresponding three months of the previous year. At the end of the bulletin, commentaries are included on each sector in order to emphasise or explain the key points.

The Observatories of the Economy are more detailed. These are studies of specific sectors which present and comment on the annual figures relating to the Retail Trade, Foreign Trade, Industry and Real Estate.

The introduction, on 1 January 2012, of the French classification of activities (NAF) 2008, allowed for a redefinition of the major economic sectors of Monaco, while ensuring international comparability. The presentation of GDP and of the Economic Bulletin in 12 sectors, rather than the previous 9, along with the removal of the sector “Various”, make it easier to understand the real economic situation.

Download the NAF 2008 codes by sector


Gross Domestic Product

10 November 2017 Thematic Content

Monaco’s GDP was 5.85 billion euros in 2016, compared with 5.64 billion in 2015. Corrected for inflation, GDP recorded an increase of 3.2 % by volume. GDP indicators...

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Retail trade

12 December 2017 Thematic Content

Barometer (monthly business survey)According to the retailers interviewed, in October 2017,the business climate improves in the retail trade and in the trade and repair of motor vehicles....

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Foreign Trade

06 April 2017 Thematic Content

As a result of the Customs Union which exists between France and the Principality of Monaco, goods and services traded between the two countries are not subject to customs formalities. The data presented here relates solely to trade between the Principality of Monaco and the rest of the world, excluding France.

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Real estate

16 February 2017 Thematic Content

The Monegasque property market was affected by the international financial crisis in 2009 and 2010, but it recovered and even surpassed pre-crisis levels in 2011, and saw two exceptional years in 2014 and 2015.

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19 October 2016 Thematic Content

Turnover in the Industry sector was EUR 964.4 million, accounting for 6.6% of the Principality’s turnover (excluding Financial and insurance activities). Once again, it experienced a decline in 2015 (-6.7%). 2015 INDUSTRY TURNOVER 964.4 M€...

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Trade and Industry Register

17 March 2016 Thematic Content

The Trade and Industry Register (RCI) references all natural or legal persons, deemed as trading by law, and carrying out their commercial activities on the Principality’s territory. Number of active entities in the RCI as at 31/12/2015...

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Economy Bulletin

14 December 2017 Thematic Content

Data at 3rdquarter 2017 The total volume of trade has...

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Focus Economy - Finance

20 June 2017 Thematic Content

Accommodation and Food Service ActivitiesThe accommodation and food service activities had a difficult year in 2016.The sector experienced a loss of 246 jobs (-4.1%) and a reduction in turnover of EUR 26 million (-3.9%). Hotels and similar accommodation accounted for 208 of the job losses and EUR 25.6 million of the...

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