Annual growth of GDP per capita in Monaco
Monaco: Annual growth of GDP per capita was 9.4% in 2024. ◆ Volatile
Annual growth of GDP per capita in Monaco, 1971–2024
Source: National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data. Measured in annual %.
Analysis
The most recent figure for annual growth of gdp per capita in Monaco is 9.4%, measured in 2024.
Compared with earlier readings it is up 75.3% on the previous year and up 82.4% over ten years.
Over the whole period, annual growth of gdp per capita in Monaco peaked at 20.7% in 2021 and was at its lowest, -13.1%, in 2020.
Monaco ranks 6th 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 growth of GDP per capita 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%, 5.3× the median. (55 countries reporting)
Biggest year-on-year movements
Years where Annual growth of GDP per capita 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 annual growth of gdp per capita in Monaco?
- Annual growth of gdp per capita in Monaco was 9.4% in 2024, according to National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data.
- What is the highest annual growth of gdp per capita recorded in Monaco?
- The highest recorded value was 20.7% in 2021.
- What is the lowest annual growth of gdp per capita recorded in Monaco?
- The lowest recorded value was -13.1% in 2020.
- How does Monaco rank for annual growth of gdp per capita?
- Monaco ranks 6th out of 212 countries with data for 2024.
- Is annual growth of gdp per capita 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 National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data, published as part of Annual growth of GDP per capita. Statizoid updates them automatically from the source API.
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About this data
This data is adjusted for inflation.