Gouvernement Princier de Monaco

Economy Bulletin 3rd quarter 2018

Couverture BTE 3T 2018

The Bulletin of the Economy for the 3rd quarter of 2018, on data collected since January 1st, is available online.

In the third quarter of 2018, the Principality’s turnover, excluding financial and insurance activities, increased by EUR 588.4 million, or 5.9%, exceeding EUR 10 billion for the first time. This rise is due primarily to good performance in the construction sector.

Employment in the private sector was up 3.8% compared to the third quarter of 2017, with temporary employment making a significant contribution to this upward trend.

In the tourism sector, the number of overnight stays increased and despite a rise in the number of rooms available for sale following the partial reopening of the Hotel de Paris, the occupancy rate was stable. The number of ports of call and cruise passengers rose.

The property market experienced growth, with an increase in sales and resales.

For further information, download Bulletin of the Economy for the 3rd quarter of 2018.

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