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

11 December 2018 Thematic Content

Monaco’s GDP for 2020 was €5.97 billion, compared with €6.60 billion in 2019, a decline of 11.8% in real terms, adjusted for inflation. GDP indicators...

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Retail trade

26 August 2022 Thematic Content

Barometer (monthly business survey)According to the retailers surveyed, in July 2022, the general business outlook reaches its highest level since 2014 in the retail trade and in the motor vehicle retail trade and repair....

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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

The real estate market also remains affected by the health crisis and its economic consequences. In 2021, it counts 29 transactions and 160 million euros more than in 2020, but is down by 5% in volume and 17% in value compared to 2019.Sales Real-estate sales...

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15 July 2015 Thematic Content

INDUSTRY EMPLOYERS AS AT DECEMBER 2020 122 EMPLOYERS Source: Monaco social funds...

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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 31/12/2020...

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Economy Bulletin

21 September 2020 Thematic Content

The year 2021 was marked by the economic recovery following the health crisis, and the beginning of 2022 seems to be continuing this trend. The majority of indicators show positive results compared to the first quarter of the previous year, proof of the growth of the Monegasque economy. The absence of lockdown in 20...

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Focus Economy - Finance

30 September 2019 Thematic Content

Wholesale tradeIn 2021, the Wholesale trade represents 1,315 active establishments, i.e. 12.2% of the structures in the Principality. The number of entities in this major economic sector (MES) has reached its highest level ever.Download the Focus : Wholesale trade The Digital economy in MonacoThe digital economy rep...

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