GDP (current LCU), annual growth rate (Country official) in Monaco
Monaco: GDP (current LCU), annual growth rate (Country official) was 11.1 % change on previous year in 2024. ◆ Volatile
GDP (current LCU), annual growth rate in Monaco, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Monaco recorded 11.1 % change on previous year for gdp (current lcu), annual growth rate in 2024.
Compared with earlier readings it is up 3.7% on the previous year and up 42.0% over ten years.
Over the whole period, gdp (current lcu), annual growth rate in Monaco peaked at 23.73 % change on previous year in 2021 and was at its lowest, -11.23 % change on previous year, in 2009.
That places Monaco 52nd out of 212 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
GDP (current LCU), annual growth rate (Country official) in Monaco, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 11.52 % change on previous year | — |
| 1972 | 11.81 % change on previous year | +2.5% |
| 1973 | 14.83 % change on previous year | +25.5% |
| 1974 | 16.35 % change on previous year | +10.2% |
| 1975 | 12.55 % change on previous year | -23.2% |
| 1976 | 15.69 % change on previous year | +25.0% |
| 1977 | 12.67 % change on previous year | -19.2% |
| 1978 | 13.48 % change on previous year | +6.5% |
| 1979 | 13.99 % change on previous year | +3.7% |
| 1980 | 13.14 % change on previous year | -6.1% |
| 1981 | 12.47 % change on previous year | -5.1% |
| 1982 | 14.71 % change on previous year | +18.0% |
| 1983 | 10.83 % change on previous year | -26.4% |
| 1984 | 8.87 % change on previous year | -18.1% |
| 1985 | 7.33 % change on previous year | -17.4% |
| 1986 | 7.86 % change on previous year | +7.2% |
| 1987 | 5.33 % change on previous year | -32.2% |
| 1988 | 7.82 % change on previous year | +46.6% |
| 1989 | 7.61 % change on previous year | -2.7% |
| 1990 | 5.36 % change on previous year | -29.6% |
| 1991 | 3.58 % change on previous year | -33.1% |
| 1992 | 3.53 % change on previous year | -1.5% |
| 1993 | 0.6247 % change on previous year | -82.3% |
| 1994 | 3.59 % change on previous year | +474.7% |
| 1995 | 3.45 % change on previous year | -3.8% |
| 1996 | 2.73 % change on previous year | -20.8% |
| 1997 | 3.27 % change on previous year | +19.8% |
| 1998 | 4.44 % change on previous year | +35.5% |
| 1999 | 3.35 % change on previous year | -24.5% |
| 2000 | 5.36 % change on previous year | +60.1% |
| 2001 | 3.87 % change on previous year | -27.8% |
| 2002 | 3.43 % change on previous year | -11.4% |
| 2003 | 2.99 % change on previous year | -12.9% |
| 2004 | 2.22 % change on previous year | -25.6% |
| 2005 | 3.97 % change on previous year | +78.5% |
| 2006 | 8.09 % change on previous year | +103.8% |
| 2007 | 17.36 % change on previous year | +114.6% |
| 2008 | 3.13 % change on previous year | -82.0% |
| 2009 | -11.23 % change on previous year | -459.1% |
| 2010 | 3.16 % change on previous year | -128.1% |
| 2011 | 8.04 % change on previous year | +154.6% |
| 2012 | 2.19 % change on previous year | -72.8% |
| 2013 | 10.43 % change on previous year | +377.2% |
| 2014 | 7.82 % change on previous year | -25.1% |
| 2015 | 6.1 % change on previous year | -22.0% |
| 2016 | 3.54 % change on previous year | -42.0% |
| 2017 | -2.64 % change on previous year | -174.5% |
| 2018 | 6.88 % change on previous year | -360.7% |
| 2019 | 8.42 % change on previous year | +22.4% |
| 2020 | -10.65 % change on previous year | -226.6% |
| 2021 | 23.73 % change on previous year | -322.7% |
| 2022 | 14.62 % change on previous year | -38.4% |
| 2023 | 10.71 % change on previous year | -26.8% |
| 2024 | 11.1 % change on previous year | +3.7% |
Monaco compared with similar countries
- Monaco's 11.1 % change on previous year is above the median for high income countries, which is 5.03 % change on previous year, 2.2× the median. (82 countries reporting)
- Monaco's 11.1 % change on previous year is above the median for Europe & Central Asia, which is 5.91 % change on previous year, 1.9× the median. (56 countries reporting)
Biggest year-on-year movements
Years where GDP (current LCU), annual growth rate (Country official) 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 |
|---|---|---|---|
| 1994 | +474.7% | 0.6247 % change on previous year | 3.59 % change on previous year |
| 2009 | -459.1% | 3.13 % change on previous year | -11.23 % change on previous year |
| 2013 | +377.2% | 2.19 % change on previous year | 10.43 % change on previous year |
| 2018 | +360.7% | -2.64 % change on previous year | 6.88 % change on previous year |
| 2021 | +322.7% | -10.65 % change on previous year | 23.73 % change on previous year |
| 2020 | -226.6% | 8.42 % change on previous year | -10.65 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 13.65 % change on previous year | 11.52 % change on previous year | 16.35 % change on previous year | 9 |
| 1980s | 9.6 % change on previous year | 5.33 % change on previous year | 14.71 % change on previous year | 10 |
| 1990s | 3.39 % change on previous year | 0.6247 % change on previous year | 5.36 % change on previous year | 10 |
| 2000s | 3.92 % change on previous year | -11.23 % change on previous year | 17.36 % change on previous year | 10 |
| 2010s | 5.39 % change on previous year | -2.64 % change on previous year | 10.43 % change on previous year | 10 |
| 2020s | 9.9 % change on previous year | -10.65 % change on previous year | 23.73 % change on previous year | 5 |
Countries ranked near Monaco
- 49 Djibouti 11.38 % change on previous year compare
- 50 Tanzania 11.27 % change on previous year compare
- 51 Aruba 11.24 % change on previous year compare
- 53 Armenia 11.03 % change on previous year compare
- 54 Guam 10.84 % change on previous year compare
- 55 Bulgaria 10.74 % change on previous year compare
More economy & growth data for Monaco
- 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 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)
- Industry (including construction), value added (current LCU), per 34,050 current LCU per person (2024)
- GDP (constant 2015 US$), per capita 247,170 constant 2015 US$ per person (2024)
- Gross value added at basic prices (GVA) (constant LCU), per capita 158,736 constant LCU per person (2014)
Frequently asked questions
- What is gdp (current lcu), annual growth rate in Monaco?
- Gdp (current lcu), annual growth rate in Monaco was 11.1 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gdp (current lcu), annual growth rate recorded in Monaco?
- The highest recorded value was 23.73 % change on previous year in 2021.
- What is the lowest gdp (current lcu), annual growth rate recorded in Monaco?
- The lowest recorded value was -11.23 % change on previous year in 2009.
- How does Monaco rank for gdp (current lcu), annual growth rate?
- Monaco ranks 52nd out of 212 countries with data for 2024.
- Is gdp (current lcu), annual growth rate rising or falling in Monaco?
- Over the last ten years it is up 42.0%. The long-run trend across the full record is volatile.
- Where does this Monaco data come from?
- The figures come from Statizoid (derived), published as part of GDP (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in GDP (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in GDP (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.