Annual GDP growth in Monaco
Monaco: Annual GDP growth was 5.0% in 2023. ◆ Volatile
Latest (2023)
5.0%
Change on year
down 54.4%
World rank
51st
of 211 countries
All-time high
22.2%
in 2021
All-time low
-13.2%
in 2020
Years of data
24
2000–2023
Annual GDP growth in Monaco, 2000–2023
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
In 2023, annual gdp growth in Monaco stood at 5.0%.
The figure is down 54.4% on the previous year and down 47.4% 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 51st of 211 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
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 | 6.3% | -13.2% | 22.2% | 4 |
Countries ranked near Monaco
More economy & growth data for Monaco
- GDP per capita 247,170 constant 2015 US$ (2024)
- Gross domestic product (GDP) 9.55 billion constant 2015 US$ (2024)
- GDP per capita in international and market dollars 247,170 constant 2015 US$ (2024)
- DEC alternative conversion factor 0.885 LCU per US$ (2025)
- GDP per capita 237,372 constant LCU (2024)
- GDP per capita growth 9.4% (2024)
- GDP per capita 247,170 constant 2015 US$ (2024)
- GDP per capita 266,082 current LCU (2024)
- GDP per capita 288,002 current US$ (2024)
- GDP 9.17 billion constant LCU (2024)
Frequently asked questions
- What is annual gdp growth in Monaco?
- Annual gdp growth in Monaco was 5.0% in 2023, 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 51st out of 211 countries with data for 2023.
- Is annual gdp growth rising or falling in Monaco?
- Over the last ten years it is down 47.4%. 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.
Download this data
CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Annual GDP growth (%)