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

10 November 2022 Thematic Content

GDP indicators 7.27 CURRENT BILLION EUROS...

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Retail trade

26 August 2022 Thematic Content

Barometer (monthly business survey)According to the retailers surveyed, the business climate stabilises in November 2022 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

After a two-year low in the context of the health crisis, the real estate market is clearly on the rise in 2022. In terms of volume, it increases by 18.2% compared to 2021 and counts 520 transactions but remains below its 2014-2016 level. In value, it reaches the unprecedented amount of €3.54 billion after an increa...

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15 July 2015 Thematic Content

Over the last 30 years, the number of industrial establishments has been relatively stable. It varies between 165 and 189 entities. In 2021, the industry has 182 active establishments, 5 more than the previous year (+2.8%). This is the highest number of entities since 2010 (183).However, the share of Industry contin...

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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 31/12/2021...

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Economy Bulletin

21 September 2020 Thematic Content

Although the global economic climate is tense, the Principality reports a good economic situation and continues itsrecovery. While some indicators have not yet returned to their pre-pandemic levels, there is consensus that almost allaggregates are growing strongly relative to 2021.

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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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