Services, value added (current LCU) in Monaco
Monaco: Services, value added (current LCU) was 8.96 billion current LCU in 2024. ▲ Rising
Services, value added in Monaco, 2010–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
The most recent figure for services, value added in Monaco is 8.96 billion current LCU, measured in 2024. That is the highest value across all 15 years on record.
That represents a change of up 9.5% on the previous year and up 92.8% over ten years.
Over the whole period, services, value added in Monaco peaked at 8.96 billion current LCU in 2024 and was at its lowest, 3.53 billion current LCU, in 2010.
Monaco ranks 174th of 206 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 15 years of available data.
Services, value added (current LCU) in Monaco, year by year
| Year | current LCU | Change |
|---|---|---|
| 2010 | 3.53 billion current LCU | — |
| 2011 | 3.81 billion current LCU | +8.2% |
| 2012 | 3.89 billion current LCU | +2.0% |
| 2013 | 4.24 billion current LCU | +9.2% |
| 2014 | 4.65 billion current LCU | +9.5% |
| 2015 | 4.65 billion current LCU | +0.1% |
| 2016 | 4.78 billion current LCU | +2.7% |
| 2017 | 4.96 billion current LCU | +3.9% |
| 2018 | 5.28 billion current LCU | +6.5% |
| 2019 | 5.74 billion current LCU | +8.6% |
| 2020 | 5.01 billion current LCU | -12.6% |
| 2021 | 6.38 billion current LCU | +27.1% |
| 2022 | 7.33 billion current LCU | +15.0% |
| 2023 | 8.19 billion current LCU | +11.7% |
| 2024 | 8.96 billion current LCU | +9.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 4.55 billion current LCU | 3.53 billion current LCU | 5.74 billion current LCU | 10 |
| 2020s | 7.17 billion current LCU | 5.01 billion current LCU | 8.96 billion current LCU | 5 |
Countries ranked near Monaco
More economy & growth data for Monaco
- Gross value added at basic prices (GVA) (current US$), annual growth 11.22 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current LCU), per capita 266,082 current LCU per person (2024)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.9239 current LCU per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current LCU), annual growth 11.1 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current US$), per capita 288,002 current US$ per person (2024)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 1 current US$ per US$ of GDP (2024)
- GDP (constant LCU), per capita 237,372 constant LCU per person (2024)
- Services, value added (current LCU), per unit of GDP 0.8057 current LCU per US$ of GDP (2024)
- Services, value added (current LCU), per capita 232,031 current LCU per person (2024)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 0.8111 constant LCU per US$ of GDP (2014)
Frequently asked questions
- What is services, value added in Monaco?
- Services, value added in Monaco was 8.96 billion current LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Monaco?
- The highest recorded value was 8.96 billion current LCU in 2024.
- What is the lowest services, value added recorded in Monaco?
- The lowest recorded value was 3.53 billion current LCU in 2010.
- How does Monaco rank for services, value added?
- Monaco ranks 174th out of 206 countries with data for 2024.
- Is services, value added rising or falling in Monaco?
- Over the last ten years it is up 92.8%. The long-run trend across the full record is rising.
- Where does this Monaco data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Services, value added (current LCU). Statizoid updates them automatically from the source API.
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About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.