Gouvernement Princier de Monaco

Economy and Finance

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 Gross Domestic Product (GDP) of the Principality, which is calculated since 2005, is published in an annual report which presents the figures in a summarised form. Detailed figures of the annual economic growth rate and the GDP per capita are also presented, and explanations are provided on the methodological principles and choices used for the calculations. 

Gross Domestic Product

07 December 2018 Thematic Content

Monaco’s GDP for 2019 was €6.63 billion, compared with €6.09 billion in 2018, an increase of +7.5% in real terms, adjusted for inflation. GDP indicators...

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Retail trade

14 September 2020 Thematic Content

Barometer (monthly business survey)According to the retailers surveyed, in May 2021,the business climate decelerates in trade and repair of motor vehicle...

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Foreign Trade

15 April 2021 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

14 February 2019 Thematic Content

The cumulative value of transactions (new properties and resales) declined sharply (-22.3%) to a level similar to that seen in 2017.Sales Real-estate sales...

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15 July 2015 Thematic Content

In 2018, the Principality's total turnover, excluding Financial and Insurance activities reached 14 235.5 million euros. The industrial sector acounted for 5.9 % of this turnover, that is 838.2 million euros, 20.2 % less that in 2009. This decrease is due to manufacturing industries which saw their turnover fall fro...

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Trade and Industry Register

11 January 2018 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 31/12/2019...

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Economy Bulletin

21 September 2020 Thematic Content

Data at 1st quarter 2021 Total trade, excluding Franc...

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Focus Economy - Finance

30 September 2019 Thematic Content

Civil serviceMonaco’s civil service workforce has grown consistently since 2013 and stood at 4,911 peopleon 31 December 2020, an increase of 2.8% over the previous year and 16.0% larger than in 2013.The proportion of women is increasing, although men represent 57% of public-sector employees (they account for 60% in...

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