Retail trade

Barometer (monthly business survey)

According to the retailers surveyed, in February 2021, the business climate regains its average level for the first time since January 2020 in retail trade and in trade and repair of motor vehicles.

Standardized summary indicator (average=100 and standard deviation=10)

Download the retail trade business survey methodology

Focus

Retail trade is the fifth largest sector in terms of number of businesses in Monaco. At the end of 2019, there were 802 businesses in the sector. In terms of economy, revenue in the retail trade sector reached €1.7 billion in 2019, its highest ever level.

Change in revenue from wholesale and retail trade and repair of motor vehicles and motorcycles

Sources: Department of Tax Services, Monaco Statistics

Change in number of businesses by NAF category

Sources: Business Development Agency, Monaco Statistics

The total number of establishments in Retail Trade has remained stable since 2009, although there has been a slight decrease in the number of establishments in retail trade, except motor vehicles and motorcycles, and an increase in the number of establishments in wholesale and retail trade and repair of motor vehicles and motorcycles.

The majority of businesses are located in the Monte-Carlo district (45%).

There are 2,946 employees in 2019, 2.0% more than last year for 465 employers (down 0.2% compared with 2018).

Breakdown of retail trade employees by gender and NAF category

Sources: Social Services Compensation Fund, Monaco Statistics

This is a young sector, with an average employee age of 40.5 years. Only two of the twelve MES have a lower average age: accommodation and food service activities (39.8 years) and Scientific and technical activities, administrative and support services activities (40.4). More women than men work in the sector (53.6%). They dominate in traditional retail (58.2%), where they work primarily in sales of clothing, food and jewellery. They represent a minority in the motor vehicles sector (22.3%).

For further information download Focus: Retail trade.