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