Annual GDP growth in Monaco
Monaco: Annual GDP growth was 8.5% in 2024. ◆ Volatile
Annual GDP growth in Monaco, 2000–2024
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
In 2024, annual gdp growth in Monaco stood at 8.5%.
The figure is up 56.4% on the previous year and up 18.4% over ten years.
Over the whole period, annual gdp growth in Monaco peaked at 22.2% in 2021 and was at its lowest, -13.2%, in 2020.
Monaco ranks 8th of 212 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Annual GDP growth in Monaco, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 3.9% | — |
| 2001 | 2.2% | -44.0% |
| 2002 | 1.0% | -53.0% |
| 2003 | 1.1% | +5.8% |
| 2004 | 2.5% | +126.6% |
| 2005 | 1.9% | -23.1% |
| 2006 | 5.8% | +206.3% |
| 2007 | 14.4% | +148.1% |
| 2008 | 0.8% | -94.8% |
| 2009 | -11.3% | -1612.0% |
| 2010 | 2.1% | -118.3% |
| 2011 | 7.0% | +239.1% |
| 2012 | 1.0% | -85.6% |
| 2013 | 9.6% | +848.5% |
| 2014 | 7.2% | -24.9% |
| 2015 | 4.9% | -31.7% |
| 2016 | 3.0% | -38.7% |
| 2017 | -3.2% | -206.6% |
| 2018 | 5.7% | -277.6% |
| 2019 | 7.1% | +24.9% |
| 2020 | -13.2% | -286.0% |
| 2021 | 22.2% | -267.9% |
| 2022 | 11.3% | -49.3% |
| 2023 | 5.4% | -51.7% |
| 2024 | 8.5% | +56.4% |
Monaco compared with similar countries
- Monaco's 8.5% is above the median for high income countries, which is 2.1%, 4.0× the median. (83 countries reporting)
- Monaco's 8.5% is above the median for Europe & Central Asia, which is 2.1%, 4.0× the median. (55 countries reporting)
Biggest year-on-year movements
Years where Annual GDP growth in Monaco changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2009 | -1612.0% | 0.8% | -11.3% |
| 2013 | +848.5% | 1.0% | 9.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.2% | -11.3% | 14.4% | 10 |
| 2010s | 4.4% | -3.2% | 9.6% | 10 |
| 2020s | 6.8% | -13.2% | 22.2% | 5 |
Countries ranked near Monaco
More economy & growth data for Monaco
- Industry (including construction), value added (current US$), per 0.128 current US$ per US$ of GDP (2024)
- Services, value added (current US$), annual growth rate 9.59 % change on previous year (2024)
- Industry (including construction), value added (current US$), annual 23.73 % change on previous year (2024)
- Industry (including construction), value added (current US$), per 36,855 current US$ per person (2024)
- Industry (including construction), value added (current LCU), annual 23.6 % change on previous year (2024)
- Industry (including construction), value added (constant LCU), per 0.1024 constant LCU per US$ of GDP (2014)
- Industry (including construction), value added (constant LCU), per 20,048 constant LCU per person (2014)
- Industry (including construction), value added (current LCU), per 0.1182 current LCU per US$ of GDP (2024)
- Industry (including construction), value added (current LCU), per 34,050 current LCU per person (2024)
- Gdp worldbank constant usd, per unit of GDP 0.8582 units per US$ of GDP (2024)
Frequently asked questions
- What is annual gdp growth in Monaco?
- Annual gdp growth in Monaco was 8.5% in 2024, according to World Bank – processed by Our World in Data.
- What is the highest annual gdp growth recorded in Monaco?
- The highest recorded value was 22.2% in 2021.
- What is the lowest annual gdp growth recorded in Monaco?
- The lowest recorded value was -13.2% in 2020.
- How does Monaco rank for annual gdp growth?
- Monaco ranks 8th out of 212 countries with data for 2024.
- Is annual gdp growth rising or falling in Monaco?
- Over the last ten years it is up 18.4%. The long-run trend across the full record is volatile.
- Where does this Monaco data come from?
- The figures come from World Bank – processed by Our World in Data, published as part of Annual GDP growth. Statizoid updates them automatically from the source API.
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About this data
Annual GDP growth (%).