Gouvernement Princier de Monaco

Bulletin of the Economy for the 1st quarter of 2016

Couverture BTE 1T 2016

The Bulletin of the Economy for the 1st quarter of 2016, on data collected since 1 January, is available online.

The number of jobs, as in December 2015, is in decline (-2%), as is the number of hours worked year-to-date (-1%).  This decrease is mainly due to the decline in temporary work, but also a decline in employment in industry.

The greater decline in imports than in exports mechanically makes for a trade surplus in the first quarter.  

The increase in the amount of trade outside the European Union (+14%) does not compensate for the decline in trade with the European Union excluding France (-17 %).

For the first time since 2012, the Principality’s revenue, excluding financial activities and insurance, increased slightly (+0.5 %) in the first quarter, driven by the Information and Communications sectors and other service activities, which compensate for a contraction in the sectors of Accommodation/Restaurants, Industry, Scientific and Technical Activities, and administrative and support services.

For further information, download Bulletin of the Economy for the 1st quarter of 2016

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