Annual gdp growth in Monaco
Monaco: Annual gdp growth was 8.51 in 2024. ◆ Volatile
Annual gdp growth in Monaco, 2000–2024
Source: Our World in Data.
Analysis
In 2024, annual gdp growth in Monaco stood at 8.51.
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 22.23 in 2021 and was at its lowest, -13.24, 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 | Value | Change |
|---|---|---|
| 2000 | 3.91 | — |
| 2001 | 2.19 | -44.0% |
| 2002 | 1.03 | -53.0% |
| 2003 | 1.09 | +5.8% |
| 2004 | 2.47 | +126.6% |
| 2005 | 1.9 | -23.1% |
| 2006 | 5.82 | +206.3% |
| 2007 | 14.44 | +148.1% |
| 2008 | 0.75 | -94.8% |
| 2009 | -11.34 | -1612.0% |
| 2010 | 2.07 | -118.3% |
| 2011 | 7.02 | +239.1% |
| 2012 | 1.01 | -85.6% |
| 2013 | 9.58 | +848.5% |
| 2014 | 7.19 | -24.9% |
| 2015 | 4.91 | -31.7% |
| 2016 | 3.01 | -38.7% |
| 2017 | -3.21 | -206.6% |
| 2018 | 5.7 | -277.6% |
| 2019 | 7.12 | +24.9% |
| 2020 | -13.24 | -286.0% |
| 2021 | 22.23 | -267.9% |
| 2022 | 11.27 | -49.3% |
| 2023 | 5.44 | -51.7% |
| 2024 | 8.51 | +56.4% |
Monaco compared with similar countries
- Monaco's 8.51 is above the median for high income countries, which is 2.14, 4.0× the median. (83 countries reporting)
- Monaco's 8.51 is above the median for Europe & Central Asia, which is 2.14, 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% | 0.75 | -11.34 |
| 2013 | +848.5% | 1.01 | 9.58 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.23 | -11.34 | 14.44 | 10 |
| 2010s | 4.44 | -3.21 | 9.58 | 10 |
| 2020s | 6.84 | -13.24 | 22.23 | 5 |
Countries ranked near Monaco
More economy & growth data for Monaco
- Services, value added (current US$), per unit of GDP 0.872 current US$ per US$ of GDP (2024)
- Industry (including construction), value added (current US$), annual 23.73 % change on previous year (2024)
- Industry (including construction), value added (current US$), per 0.128 current US$ per US$ of GDP (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 (current LCU), per 0.1182 current LCU per US$ of GDP (2024)
- Services, value added (current US$), annual growth rate 9.59 % change on previous year (2024)
- Industry (including construction), value added (constant LCU), per 20,048 constant LCU per person (2014)
- Industry (including construction), value added (constant LCU), per 0.1024 constant LCU per US$ of GDP (2014)
- Industry (including construction), value added (current LCU), per 34,050 current LCU per person (2024)
Frequently asked questions
- What is annual gdp growth in Monaco?
- Annual gdp growth in Monaco was 8.51 in 2024, according to Our World in Data.
- What is the highest annual gdp growth recorded in Monaco?
- The highest recorded value was 22.23 in 2021.
- What is the lowest annual gdp growth recorded in Monaco?
- The lowest recorded value was -13.24 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 Our World in Data, published as part of Annual gdp growth. Statizoid updates them automatically from the source API.
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