GDP per capita growth in Monaco
Monaco: GDP per capita growth was 9.4% in 2024. ◆ Volatile
GDP per capita growth in Monaco, 1971–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual %.
Analysis
Monaco recorded 9.4% for gdp per capita growth in 2024.
The figure is up 75.3% on the previous year and up 82.4% over ten years.
Over the whole period, gdp per capita growth in Monaco peaked at 20.7% in 2021 and was at its lowest, -13.1%, in 2020.
That places Monaco 6th out of 213 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
GDP per capita growth in Monaco, year by year
| Year | annual % | Change |
|---|---|---|
| 1971 | 3.7% | — |
| 1972 | 3.4% | -8.0% |
| 1973 | 5.7% | +64.4% |
| 1974 | 3.8% | -32.9% |
| 1975 | -2.0% | -152.7% |
| 1976 | 2.8% | -240.8% |
| 1977 | 2.1% | -26.8% |
| 1978 | 2.7% | +28.7% |
| 1979 | 2.4% | -8.5% |
| 1980 | 0.8% | -66.1% |
| 1981 | 0.3% | -64.8% |
| 1982 | 1.4% | +395.2% |
| 1983 | -0.2% | -117.3% |
| 1984 | 0.1% | -127.0% |
| 1985 | 0.4% | +466.8% |
| 1986 | 1.2% | +208.9% |
| 1987 | 1.3% | +6.7% |
| 1988 | 3.4% | +172.5% |
| 1989 | 3.1% | -9.0% |
| 1990 | 1.7% | -44.9% |
| 1991 | 0.1% | -92.2% |
| 1992 | 0.5% | +277.0% |
| 1993 | -1.7% | -436.7% |
| 1994 | 1.4% | -184.2% |
| 1995 | 1.4% | -5.3% |
| 1996 | 0.4% | -71.6% |
| 1997 | 1.5% | +292.3% |
| 1998 | 2.8% | +87.8% |
| 1999 | 2.8% | -0.1% |
| 2000 | 3.8% | +32.4% |
| 2001 | 2.2% | -41.2% |
| 2002 | 1.1% | -50.1% |
| 2003 | 1.2% | +12.0% |
| 2004 | 2.7% | +116.8% |
| 2005 | 2.2% | -17.9% |
| 2006 | 6.3% | +187.1% |
| 2007 | 15.2% | +140.9% |
| 2008 | 0.8% | -95.1% |
| 2009 | -12.8% | -1804.4% |
| 2010 | -0.4% | -96.9% |
| 2011 | 4.6% | -1256.2% |
| 2012 | -1.2% | -126.7% |
| 2013 | 7.3% | -701.5% |
| 2014 | 5.2% | -29.2% |
| 2015 | 3.1% | -39.7% |
| 2016 | 1.6% | -49.5% |
| 2017 | -4.2% | -369.3% |
| 2018 | 4.4% | -203.3% |
| 2019 | 7.2% | +65.5% |
| 2020 | -13.1% | -280.8% |
| 2021 | 20.7% | -258.1% |
| 2022 | 10.1% | -51.2% |
| 2023 | 5.4% | -46.8% |
| 2024 | 9.4% | +75.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.7% | -2.0% | 5.7% | 9 |
| 1980s | 1.2% | -0.2% | 3.4% | 10 |
| 1990s | 1.1% | -1.7% | 2.8% | 10 |
| 2000s | 2.3% | -12.8% | 15.2% | 10 |
| 2010s | 2.7% | -4.2% | 7.3% | 10 |
| 2020s | 6.5% | -13.1% | 20.7% | 5 |
Countries ranked near Monaco
More economy & growth data for Monaco
- Gdp per capita in international and market dollars 247,170 (2024)
- Gdp worldbank constant usd, annual growth rate 8.51 % change on previous year (2024)
- Gdp worldbank constant usd, per unit of GDP 0.8582 units per US$ of GDP (2024)
- Gdp worldbank constant usd, per capita 247,170 units per person (2024)
- Gdp per capita worldbank constant usd 247,170 (2024)
- Gdp worldbank constant usd 9.55 billion (2024)
- GDP per capita 237,372 constant LCU (2024)
- GDP per capita 266,082 current LCU (2024)
- GDP per capita 247,170 constant 2015 US$ (2024)
- GDP (constant LCU), per capita 237,372 constant LCU per person (2024)
Frequently asked questions
- What is gdp per capita growth in Monaco?
- Gdp per capita growth in Monaco was 9.4% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gdp per capita growth recorded in Monaco?
- The highest recorded value was 20.7% in 2021.
- What is the lowest gdp per capita growth recorded in Monaco?
- The lowest recorded value was -13.1% in 2020.
- How does Monaco rank for gdp per capita growth?
- Monaco ranks 6th out of 213 countries with data for 2024.
- Is gdp per capita growth rising or falling in Monaco?
- Over the last ten years it is up 82.4%. The long-run trend across the full record is volatile.
- Where does this Monaco data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of GDP per capita growth (annual %). Statizoid updates them automatically from the source API.
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About this data
Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. The core indicator has been divided by the general population to achieve a per capita estimate.This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.