Gross value added at basic prices … current LCU annual growth rate in Monaco
Monaco: Gross value added at basic prices … current LCU annual growth rate was 11.1 % change on previous year in 2024. ◆ Volatile
Gross value added at basic prices (GVA) (current LCU), annual growth in Monaco, 2011–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross value added at basic prices (gva) (current lcu), annual growth in Monaco is 11.1 % change on previous year, measured in 2024.
The figure is up 3.7% on the previous year and up 41.9% over ten years.
Over the whole period, gross value added at basic prices (gva) (current lcu), annual growth in Monaco peaked at 23.73 % change on previous year in 2021 and was at its lowest, -10.65 % change on previous year, in 2020.
Monaco ranks 52nd of 205 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices … current LCU annual growth rate in Monaco, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2011 | 8.04 % change on previous year | — |
| 2012 | 2.19 % change on previous year | -72.8% |
| 2013 | 10.42 % change on previous year | +376.4% |
| 2014 | 7.82 % change on previous year | -25.0% |
| 2015 | 6.1 % change on previous year | -22.1% |
| 2016 | 3.54 % change on previous year | -41.9% |
| 2017 | -2.64 % change on previous year | -174.6% |
| 2018 | 6.88 % change on previous year | -360.3% |
| 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 | 10.7 % 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 5.13 % change on previous year, 2.2× the median. (77 countries reporting)
- Monaco's 11.1 % change on previous year is above the median for Europe & Central Asia, which is 5.47 % change on previous year, 2.0× the median. (56 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 5.64 % change on previous year | -2.64 % change on previous year | 10.42 % change on previous year | 9 |
| 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 Bangladesh 11.28 % change on previous year compare
- 50 Tanzania 11.27 % change on previous year compare
- 51 Suriname 11.16 % change on previous year compare
- 53 Zambia 10.98 % change on previous year compare
- 54 Aruba 10.56 % change on previous year compare
- 55 United States 10.53 % 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)
- GDP (current US$), annual growth rate 11.21 % change on previous year (2024)
Frequently asked questions
- What is gross value added at basic prices (gva) (current lcu), annual growth in Monaco?
- Gross value added at basic prices (gva) (current lcu), annual growth in Monaco was 11.1 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross value added at basic prices (gva) (current lcu), annual growth recorded in Monaco?
- The highest recorded value was 23.73 % change on previous year in 2021.
- What is the lowest gross value added at basic prices (gva) (current lcu), annual growth recorded in Monaco?
- The lowest recorded value was -10.65 % change on previous year in 2020.
- How does Monaco rank for gross value added at basic prices (gva) (current lcu), annual growth?
- Monaco ranks 52nd out of 205 countries with data for 2024.
- Is gross value added at basic prices (gva) (current lcu), annual growth rising or falling in Monaco?
- Over the last ten years it is up 41.9%. 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 Gross value added at basic prices (GVA) (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Gross value added at basic prices (GVA) (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross value added at basic prices (GVA) 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 Gross value added at basic prices (GVA) (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.