GDP per capita growth (annual %) (Country official) in Monaco
Monaco: GDP per capita growth (annual %) (Country official) 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 215 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 (annual %) (Country official) 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% |
Monaco compared with similar countries
- Monaco's 9.4% is above the median for high income countries, which is 1.7%, 5.6× the median. (83 countries reporting)
- Monaco's 9.4% is above the median for Europe & Central Asia, which is 1.8%, 5.2× the median. (56 countries reporting)
Biggest year-on-year movements
Years where GDP per capita growth (annual %) (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 |
|---|---|---|---|
| 2009 | -1804.4% | 0.8% | -12.8% |
| 2011 | +1256.2% | -0.4% | 4.6% |
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
- Industry (including construction), value added (constant LCU), per 20,048 constant LCU per person (2014)
- 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$), per 0.128 current US$ 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 (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)
- Gdp worldbank constant usd, per unit of GDP 0.8582 units per US$ of GDP (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 215 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.