Retail trade

Barometer (monthly business survey)

According to the retailers surveyed, in March 2023 the business climate improves again and is at its highest since July 2022 in the retail trade and in the motor vehicle retail trade and repair.

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

Download the retail trade business survey methodology

Observatory

Key figures : Retail trade

Number of creations and strike-offs since 2012 in the Retail trade sector

Sources: Business Development Agency, Monaco Statistics

Over the decade 2012-2021, the number of establishments created is greater than the number of strike-offs. However in 2013, 2014, and 2018 strike-offs exceed creations. In the years, 2017 and 2021 the gap between the number of creations and strike-offs was the largest over the decade (17).

In total, since 2012, the balance between creations and strike-offs in Retail trade is 46 establishments. In fact, 575 Retail trade entities have come into existence in ten years while 529 have been written off. For all MES, the average number of entities created is 693 versus 387 strike-offs.

Map of the commercial density per 1.000 residents by district

Sources: Business Development Agency, Monaco Statistics

Monte-Carlo is the district with the highest number of Retail trade establishments per 1,000 residents (46). It is followed by Monaco-Ville, which has 45. Among the districts with a low presence of establishments are La Rousse and Jardin Exotique. These two districts have less than 10 businesses per 1,000 residents.

Breakdown of retail trade's revenues between NAF divisions 45 and 47

Unit: million euros

Sources: Department of tax Services, Monaco Statistics

Over a decade, the weight of the Retail trade and repair of motor vehicles and motorcycles in the total revenue of the MES has risen from 27 % to 31 %.

Over the period 2012-2021, Retail trade, except of motor vehicles and motorcycles, accounts for the majority of the turnover of this MES.

In 2021, the revenue linked to the Retail trade and repair of motor vehicles and motorcycles counts for almost 600 million euros (+23.7 %). Retail trade, except of motor vehicles and motorcycles, rose from 1.1 to 1.3 billion euros (+26.7 %) between 2020 and 2021.

Distribution of retail trade employees by nationality in 2021

Sources: Caisses Sociales de Monaco, Monaco Statistics

More than 70.0 % of MES employees are of French nationality. There are 454 Italians, representing 15.3 % of all employees.

People of Monegasque nationality in the Retail trade represent only 1.5 % of employees, that is to say 45 people. Monegasque employees, all MESs combined, are 977, thus 1.8 % of the total (53,079).

The 10 municipalities where the majority of retail trade employees come from in 2021

Sources: Caisses Sociales de Monaco, Monaco Statistics

In 2021, 614 employees in the Retail trade sector come from Nice, that is to say 20.7 % of the total. The neighbouring municipalities of Beausoleil and Roquebrune-Cap-Martin have 333 and 283 employees respectively. Monaco is in fourth place with 302 employees, corresponding to 10.2 % of the total. 

Among the most represented municipalities, there is an Italian municipality: Ventimiglia with 130 employees.

In total in Monaco, all MES taken together, there were 53,079 employees in 2021, of which nearly 13,000 (24.4 %) live in Nice. Menton occupies the second position with 6,348 people. Around 6,000 employees live in Monaco (11.3 %).

For further information download Observatory: Retail trade .

Barometer (monthly business survey)

According to the retailers surveyed, in June 2022, the business climate deteriorates and expected prices reach their highest level in the retail trade and repair of vehicles.

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

Download the retail trade business survey methodology