Gross Domestic Product — Value US$ in Monaco
Monaco: Gross Domestic Product — Value US$ was 10,764 million USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$ in Monaco, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
In 2024, gross domestic product — value us$ in Monaco stood at 10,764 million USD. That is the highest value across all 55 years on record.
The figure is up 7.7% on the previous year and up 52.3% over ten years.
Over the whole period, gross domestic product — value us$ in Monaco peaked at 10,764 million USD in 2024 and was at its lowest, 284.12 million USD, in 1970.
Monaco ranks 171st of 236 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$ in Monaco, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 284.12 million USD | — |
| 1971 | 317.65 million USD | +11.8% |
| 1972 | 389.44 million USD | +22.6% |
| 1973 | 506.07 million USD | +29.9% |
| 1974 | 546.49 million USD | +8.0% |
| 1975 | 690.61 million USD | +26.4% |
| 1976 | 712.57 million USD | +3.2% |
| 1977 | 785.23 million USD | +10.2% |
| 1978 | 969.74 million USD | +23.5% |
| 1979 | 1,175 million USD | +21.2% |
| 1980 | 1,342 million USD | +14.2% |
| 1981 | 1,178 million USD | -12.2% |
| 1982 | 1,119 million USD | -5.0% |
| 1983 | 1,072 million USD | -4.3% |
| 1984 | 1,016 million USD | -5.2% |
| 1985 | 1,059 million USD | +4.2% |
| 1986 | 1,477 million USD | +39.5% |
| 1987 | 1,788 million USD | +21.1% |
| 1988 | 1,950 million USD | +9.1% |
| 1989 | 1,962 million USD | +0.6% |
| 1990 | 2,429 million USD | +23.8% |
| 1991 | 2,429 million USD | +0.0% |
| 1992 | 2,682 million USD | +10.4% |
| 1993 | 2,532 million USD | -5.6% |
| 1994 | 2,668 million USD | +5.4% |
| 1995 | 3,064 million USD | +14.9% |
| 1996 | 3,073 million USD | +0.3% |
| 1997 | 2,781 million USD | -9.5% |
| 1998 | 2,877 million USD | +3.5% |
| 1999 | 2,858 million USD | -0.7% |
| 2000 | 2,614 million USD | -8.5% |
| 2001 | 2,637 million USD | +0.9% |
| 2002 | 2,873 million USD | +9.0% |
| 2003 | 3,530 million USD | +22.9% |
| 2004 | 4,057 million USD | +14.9% |
| 2005 | 4,205 million USD | +3.6% |
| 2006 | 4,587 million USD | +9.1% |
| 2007 | 5,876 million USD | +28.1% |
| 2008 | 6,503 million USD | +10.7% |
| 2009 | 5,474 million USD | -15.8% |
| 2010 | 5,368 million USD | -2.0% |
| 2011 | 6,089 million USD | +13.4% |
| 2012 | 5,743 million USD | -5.7% |
| 2013 | 6,556 million USD | +14.2% |
| 2014 | 7,070 million USD | +7.8% |
| 2015 | 6,265 million USD | -11.4% |
| 2016 | 6,471 million USD | +3.3% |
| 2017 | 6,430 million USD | -0.6% |
| 2018 | 7,184 million USD | +11.7% |
| 2019 | 7,383 million USD | +2.8% |
| 2020 | 6,731 million USD | -8.8% |
| 2021 | 8,623 million USD | +28.1% |
| 2022 | 8,800 million USD | +2.1% |
| 2023 | 9,995 million USD | +13.6% |
| 2024 | 10,764 million USD | +7.7% |
Monaco compared with similar countries
- Monaco's 10,764 million USD is below the median for high income countries, which is 95,350 million USD, 11% of the median. (73 countries reporting)
- Monaco's 10,764 million USD is below the median for Europe & Central Asia, which is 97,163 million USD, 11% of the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 637.7 million USD | 284.12 million USD | 1,175 million USD | 10 |
| 1980s | 1,396 million USD | 1,016 million USD | 1,962 million USD | 10 |
| 1990s | 2,739 million USD | 2,429 million USD | 3,073 million USD | 10 |
| 2000s | 4,236 million USD | 2,614 million USD | 6,503 million USD | 10 |
| 2010s | 6,456 million USD | 5,368 million USD | 7,383 million USD | 10 |
| 2020s | 8,983 million USD | 6,731 million USD | 10,764 million USD | 5 |
Countries ranked near Monaco
- 168 Somalia 12,506 million USD compare
- 169 Malawi 10,928 million USD compare
- 170 Mauritania 10,766 million USD compare
- 172 Ethiopia PDR 10,722 million USD compare
- 173 New Caledonia 10,608 million USD compare
- 174 Togo 10,041 million USD compare
More economy & growth data for Monaco
- Industry (including construction), value added (current LCU), per 34,050 current LCU per person (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), per 0.1182 current LCU per US$ of GDP (2024)
- Industry (including construction), value added (current LCU), annual 23.6 % change on previous year (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)
- GDP (current US$), annual growth rate 11.21 % change on previous year (2024)
- GDP (current US$), per capita 288,002 current US$ per person (2024)
Frequently asked questions
- What is gross domestic product — value us$ in Monaco?
- Gross domestic product — value us$ in Monaco was 10,764 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$ recorded in Monaco?
- The highest recorded value was 10,764 million USD in 2024.
- What is the lowest gross domestic product — value us$ recorded in Monaco?
- The lowest recorded value was 284.12 million USD in 1970.
- How does Monaco rank for gross domestic product — value us$?
- Monaco ranks 171st out of 236 countries with data for 2024.
- Is gross domestic product — value us$ rising or falling in Monaco?
- Over the last ten years it is up 52.3%. The long-run trend across the full record is volatile.
- Where does this Monaco data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value US$. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).