Gross value added at basic prices (GVA) (current US$), annual growth in Monaco
Monaco: Gross value added at basic prices (GVA) (current US$), annual growth was 11.22 % change on previous year in 2024. ◆ Volatile
Gross value added at basic prices (GVA) (current US$), annual growth in Monaco, 2011–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, gross value added at basic prices (gva) (current us$), annual growth in Monaco stood at 11.22 % change on previous year.
The figure is down 18.0% on the previous year and up 42.8% over ten years.
Over the whole period, gross value added at basic prices (gva) (current us$), annual growth in Monaco peaked at 28.12 % change on previous year in 2021 and was at its lowest, -11.39 % change on previous year, in 2015.
That places Monaco 61st out of 205 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices (GVA) (current US$), annual growth in Monaco, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2011 | 13.44 % change on previous year | — |
| 2012 | -5.68 % change on previous year | -142.3% |
| 2013 | 14.15 % change on previous year | -349.1% |
| 2014 | 7.85 % change on previous year | -44.5% |
| 2015 | -11.39 % change on previous year | -245.0% |
| 2016 | 3.3 % change on previous year | -129.0% |
| 2017 | -0.6391 % change on previous year | -119.4% |
| 2018 | 11.73 % change on previous year | -1935.2% |
| 2019 | 2.77 % change on previous year | -76.4% |
| 2020 | -8.84 % change on previous year | -418.9% |
| 2021 | 28.12 % change on previous year | -418.1% |
| 2022 | 2.05 % change on previous year | -92.7% |
| 2023 | 13.67 % change on previous year | +565.5% |
| 2024 | 11.22 % change on previous year | -18.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 3.95 % change on previous year | -11.39 % change on previous year | 14.15 % change on previous year | 9 |
| 2020s | 9.24 % change on previous year | -8.84 % change on previous year | 28.12 % change on previous year | 5 |
Countries ranked near Monaco
- 58 Djibouti 11.38 % change on previous year compare
- 59 Serbia 11.35 % change on previous year compare
- 60 Bhutan 11.25 % change on previous year compare
- 62 Cambodia 10.96 % change on previous year compare
- 63 Lithuania 10.93 % change on previous year compare
- 64 Lao People's Democratic Republic 10.91 % change on previous year compare
More economy & growth data for Monaco
- Gross value added at basic prices (GVA) (constant LCU), per unit of 0.8111 constant LCU per US$ of GDP (2014)
- GDP (current LCU), per unit of GDP 0.9239 current LCU per US$ of GDP (2024)
- GDP (current LCU), annual growth rate 11.1 % change on previous year (2024)
- GDP (current US$), per capita 288,002 current US$ per person (2024)
- GDP (current US$), annual growth rate 11.21 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant LCU), per capita 158,736 constant LCU per person (2014)
- Gross domestic product (GDP) 9.55 billion constant 2015 US$ (2024)
- DEC alternative conversion factor 0.885 LCU per US$ (2025)
- GDP per capita growth 9.4% (2024)
- GDP per capita 237,372 constant LCU (2024)
Frequently asked questions
- What is gross value added at basic prices (gva) (current us$), annual growth in Monaco?
- Gross value added at basic prices (gva) (current us$), annual growth in Monaco was 11.22 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross value added at basic prices (gva) (current us$), annual growth recorded in Monaco?
- The highest recorded value was 28.12 % change on previous year in 2021.
- What is the lowest gross value added at basic prices (gva) (current us$), annual growth recorded in Monaco?
- The lowest recorded value was -11.39 % change on previous year in 2015.
- How does Monaco rank for gross value added at basic prices (gva) (current us$), annual growth?
- Monaco ranks 61st out of 205 countries with data for 2024.
- Is gross value added at basic prices (gva) (current us$), annual growth rising or falling in Monaco?
- Over the last ten years it is up 42.8%. 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 US$), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Gross value added at basic prices (GVA) (current US$). 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 Offices (NSOs)
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 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.