Inflation, GDP deflator (annual %) in Monaco
Monaco: Inflation, GDP deflator was 2.4% in 2024. ◆ Volatile
Inflation, GDP deflator in Monaco, 1971–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual %.
Analysis
The most recent figure for inflation, gdp deflator in Monaco is 2.4%, measured in 2024.
That represents a change of down 52.2% on the previous year and up 306.7% over ten years.
Over the whole period, inflation, gdp deflator in Monaco peaked at 13.7% in 1975 and was at its lowest, -0.2%, in 2004.
That places Monaco 142nd out of 214 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.
Inflation, GDP deflator in Monaco, year by year
| Year | annual % | Change |
|---|---|---|
| 1971 | 6.0% | — |
| 1972 | 6.8% | +14.5% |
| 1973 | 7.8% | +13.4% |
| 1974 | 11.4% | +46.3% |
| 1975 | 13.7% | +20.2% |
| 1976 | 10.8% | -20.9% |
| 1977 | 8.8% | -18.5% |
| 1978 | 9.2% | +4.2% |
| 1979 | 10.1% | +10.1% |
| 1980 | 11.3% | +11.5% |
| 1981 | 11.4% | +1.6% |
| 1982 | 12.0% | +4.8% |
| 1983 | 9.5% | -20.6% |
| 1984 | 7.3% | -23.5% |
| 1985 | 5.5% | -24.1% |
| 1986 | 5.3% | -4.5% |
| 1987 | 2.8% | -47.4% |
| 1988 | 3.1% | +10.7% |
| 1989 | 3.3% | +7.5% |
| 1990 | 2.6% | -20.1% |
| 1991 | 2.5% | -3.8% |
| 1992 | 2.1% | -16.1% |
| 1993 | 1.6% | -27.2% |
| 1994 | 1.3% | -13.4% |
| 1995 | 1.3% | -2.7% |
| 1996 | 1.6% | +22.7% |
| 1997 | 1.0% | -36.8% |
| 1998 | 0.9% | -11.1% |
| 1999 | 0.0% | -94.8% |
| 2000 | 1.4% | +2858.5% |
| 2001 | 1.6% | +17.9% |
| 2002 | 2.4% | +44.3% |
| 2003 | 1.9% | -20.9% |
| 2004 | -0.2% | -112.8% |
| 2005 | 2.0% | -943.3% |
| 2006 | 2.1% | +5.5% |
| 2007 | 2.6% | +19.1% |
| 2008 | 2.4% | -7.6% |
| 2009 | 0.1% | -95.0% |
| 2010 | 1.1% | +798.8% |
| 2011 | 0.9% | -11.4% |
| 2012 | 1.2% | +22.5% |
| 2013 | 0.8% | -33.0% |
| 2014 | 0.6% | -24.6% |
| 2015 | 1.1% | +93.1% |
| 2016 | 0.5% | -54.4% |
| 2017 | 0.6% | +13.8% |
| 2018 | 1.1% | +89.8% |
| 2019 | 1.2% | +8.5% |
| 2020 | 3.0% | +146.4% |
| 2021 | 1.2% | -59.0% |
| 2022 | 3.0% | +147.0% |
| 2023 | 5.0% | +65.5% |
| 2024 | 2.4% | -52.2% |
Monaco compared with similar countries
- Monaco's 2.4% is below the median for high income countries, which is 2.6%, 91% of the median. (82 countries reporting)
- Monaco's 2.4% is below the median for Europe & Central Asia, which is 3.5%, 69% of the median. (56 countries reporting)
Biggest year-on-year movements
Years where Inflation, GDP deflator 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 |
|---|---|---|---|
| 2000 | +2858.5% | 0.0% | 1.4% |
| 2005 | +943.3% | -0.2% | 2.0% |
| 2010 | +798.8% | 0.1% | 1.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 9.4% | 6.0% | 13.7% | 9 |
| 1980s | 7.1% | 2.8% | 12.0% | 10 |
| 1990s | 1.5% | 0.0% | 2.6% | 10 |
| 2000s | 1.6% | -0.2% | 2.6% | 10 |
| 2010s | 0.9% | 0.5% | 1.2% | 10 |
| 2020s | 2.9% | 1.2% | 5.0% | 5 |
Countries ranked near Monaco
- 139 Belgium 2.6% compare
- 140 Canada 2.6% compare
- 141 Cayman Islands 2.4% compare
- 143 Indonesia 2.4% compare
- 144 Central African Republic 2.3% compare
- 145 Puerto Rico 2.3% compare
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 inflation, gdp deflator in Monaco?
- Inflation, gdp deflator in Monaco was 2.4% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest inflation, gdp deflator recorded in Monaco?
- The highest recorded value was 13.7% in 1975.
- What is the lowest inflation, gdp deflator recorded in Monaco?
- The lowest recorded value was -0.2% in 2004.
- How does Monaco rank for inflation, gdp deflator?
- Monaco ranks 142nd out of 214 countries with data for 2024.
- Is inflation, gdp deflator rising or falling in Monaco?
- Over the last ten years it is up 306.7%. 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 Offices (NSOs), published as part of Inflation, GDP deflator (annual %). Statizoid updates them automatically from the source API.
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About this data
Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.