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 2018 crossed the EUR 6 billion mark for the first time to reach EUR 6.09 billion, compared with EUR 5.69 billion in 2017. It increased by +6.1% in real terms, corrected for inflation. GDP indicators...

Read more

Retail trade

14 September 2020 Thematic Content

Barometer (monthly business survey)According to the traders surveyed, in July 2020, the business climate, still deterioring, recovered slightly in the retail trade and in the trade car repair....

Read more

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.

Read more

Real estate

14 February 2019 Thematic Content

The aggregate value of all transactions (first-time sales and resales of existing properties) rose by 4.4% to almost three billion euros (€2.8 bn).Sales Real-estate sales...

Read more


19 October 2016 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...

Read more

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 31/12/2018...

Read more

Economy Bulletin

21 September 2020 Thematic Content

Data at 1st quarter 2020 After several years of risin...

Read more

Focus Economy - Finance

30 September 2019 Thematic Content

Wholesale tradeWholesale trade represents 5% of employees, 9.3% of GDP and 30% of turnover.Download the Focus : Wholesale trade Public FinancesPublic finances are managed through the State Budget and the Constitutional Reserve Fund (CRF).As in the previous seven financial years, a surplus was achieved in 2019. The v...

Read more