Services, value added (current LCU), annual growth rate in Monaco
Monaco: Services, value added (current LCU), annual growth rate was 9.48 % change on previous year in 2024. ◆ Volatile
Services, value added (current LCU), annual growth rate in Monaco, 2011–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, services, value added (current lcu), annual growth rate in Monaco stood at 9.48 % change on previous year.
Compared with earlier readings it is down 18.9% on the previous year and down 0.7% over ten years.
Over the whole period, services, value added (current lcu), annual growth rate in Monaco peaked at 27.15 % change on previous year in 2021 and was at its lowest, -12.57 % change on previous year, in 2020.
That places Monaco 64th out of 204 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.
Services, value added (current LCU), annual growth rate in Monaco, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2011 | 8.16 % change on previous year | — |
| 2012 | 1.96 % change on previous year | -75.9% |
| 2013 | 9.18 % change on previous year | +367.2% |
| 2014 | 9.54 % change on previous year | +3.9% |
| 2015 | 0.071 % change on previous year | -99.3% |
| 2016 | 2.71 % change on previous year | +3718.5% |
| 2017 | 3.85 % change on previous year | +42.1% |
| 2018 | 6.46 % change on previous year | +67.6% |
| 2019 | 8.55 % change on previous year | +32.5% |
| 2020 | -12.57 % change on previous year | -246.9% |
| 2021 | 27.15 % change on previous year | -316.0% |
| 2022 | 14.98 % change on previous year | -44.8% |
| 2023 | 11.68 % change on previous year | -22.0% |
| 2024 | 9.48 % change on previous year | -18.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 5.61 % change on previous year | 0.071 % change on previous year | 9.54 % change on previous year | 9 |
| 2020s | 10.14 % change on previous year | -12.57 % change on previous year | 27.15 % change on previous year | 5 |
Countries ranked near Monaco
More economy & growth data for Monaco
- GDP (constant 2015 US$), per capita 247,170 constant 2015 US$ per person (2024)
- GDP (current US$), annual growth rate 11.21 % change on previous year (2024)
- GDP (current US$), per capita 288,002 current US$ per person (2024)
- GDP (current LCU), annual growth rate 11.1 % change on previous year (2024)
- GDP (current LCU), per unit of GDP 0.9239 current LCU per US$ of GDP (2024)
- GDP (current LCU), per capita 266,082 current LCU per person (2024)
- GDP (constant 2015 US$), annual growth rate 8.51 % change on previous year (2024)
- GDP (constant 2015 US$), per unit of GDP 0.8582 constant 2015 US$ per US$ of GDP (2024)
- Gdp worldbank constant usd, per capita 247,170 units per person (2024)
- Gdp worldbank constant usd, per unit of GDP 0.8582 units per US$ of GDP (2024)
Frequently asked questions
- What is services, value added (current lcu), annual growth rate in Monaco?
- Services, value added (current lcu), annual growth rate in Monaco was 9.48 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest services, value added (current lcu), annual growth rate recorded in Monaco?
- The highest recorded value was 27.15 % change on previous year in 2021.
- What is the lowest services, value added (current lcu), annual growth rate recorded in Monaco?
- The lowest recorded value was -12.57 % change on previous year in 2020.
- How does Monaco rank for services, value added (current lcu), annual growth rate?
- Monaco ranks 64th out of 204 countries with data for 2024.
- Is services, value added (current lcu), annual growth rate rising or falling in Monaco?
- Over the last ten years it is down 0.7%. 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 Services, value added (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 14 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Services, value added (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Services, value added 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 Services, value added (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.