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

07 December 2018 Thematic Content

Monaco’s GDP for 2017 was EUR 5.68 billion compared with EUR 5.85 billion in 2016, recording a drop of 3.5% in real terms (corrected for inflation). GDP indicators...

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Retail trade

12 June 2019 Thematic Content

Barometer (monthly business survey)According to the retailers interviewed, in April 2019,the business climate improves and is again favorable in the retail trade and in the trade and repair of motor vehicles....

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Foreign Trade

18 April 2019 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

Sales Real-estate sales 371,0 million €...

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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

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 31/12/2017...

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Economy Bulletin

14 June 2019 Thematic Content

Data at 1stquarter 2019 Le volume global des échanges...

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Focus Economy - Finance

07 May 2019 Thematic Content

Scientific and Technical Activities, Administrative and Support ServicesSecond in terms of its contribution to Monaco’s GDP, this sector is the country’s largest employer and accounts for the highest number of businesses. It had the third largest turnover among major sectors of the economy (excluding Financial and I...

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