Services, value added (current US$), annual growth rate in Monaco
Monaco: Services, value added (current US$), annual growth rate was 9.59 % change on previous year in 2024. ◆ Volatile
Services, value added (current US$), annual growth rate in Monaco, 2011–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for services, value added (current us$), annual growth rate in Monaco is 9.59 % change on previous year, measured in 2024.
Compared with earlier readings it is down 34.6% on the previous year and up 0.2% over ten years.
Over the whole period, services, value added (current us$), annual growth rate in Monaco peaked at 31.66 % change on previous year in 2021 and was at its lowest, -16.42 % change on previous year, in 2015.
Monaco ranks 86th of 204 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added (current US$), annual growth rate in Monaco, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2011 | 13.56 % change on previous year | — |
| 2012 | -5.89 % change on previous year | -143.4% |
| 2013 | 12.86 % change on previous year | -318.5% |
| 2014 | 9.57 % change on previous year | -25.6% |
| 2015 | -16.42 % change on previous year | -271.6% |
| 2016 | 2.47 % change on previous year | -115.0% |
| 2017 | 5.99 % change on previous year | +142.6% |
| 2018 | 11.29 % change on previous year | +88.5% |
| 2019 | 2.9 % change on previous year | -74.3% |
| 2020 | -10.79 % change on previous year | -471.7% |
| 2021 | 31.66 % change on previous year | -393.4% |
| 2022 | 2.37 % change on previous year | -92.5% |
| 2023 | 14.67 % change on previous year | +519.3% |
| 2024 | 9.59 % change on previous year | -34.6% |
Monaco compared with similar countries
- Monaco's 9.59 % change on previous year is above the median for high income countries, which is 8.04 % change on previous year, 1.2× the median. (77 countries reporting)
- Monaco's 9.59 % change on previous year is below the median for Europe & Central Asia, which is 10.97 % change on previous year, 87% of the median. (56 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 4.04 % change on previous year | -16.42 % change on previous year | 13.56 % change on previous year | 9 |
| 2020s | 9.5 % change on previous year | -10.79 % change on previous year | 31.66 % change on previous year | 5 |
Countries ranked near Monaco
- 83 Netherlands 9.69 % change on previous year compare
- 84 Latvia 9.67 % change on previous year compare
- 85 Spain 9.6 % change on previous year compare
- 87 Central African Republic 9.58 % change on previous year compare
- 88 Slovakia 9.37 % change on previous year compare
- 89 Paraguay 9.36 % 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 worldbank constant usd, per unit of GDP 0.8582 units per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.9239 current LCU per US$ of GDP (2024)
Frequently asked questions
- What is services, value added (current us$), annual growth rate in Monaco?
- Services, value added (current us$), annual growth rate in Monaco was 9.59 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest services, value added (current us$), annual growth rate recorded in Monaco?
- The highest recorded value was 31.66 % change on previous year in 2021.
- What is the lowest services, value added (current us$), annual growth rate recorded in Monaco?
- The lowest recorded value was -16.42 % change on previous year in 2015.
- How does Monaco rank for services, value added (current us$), annual growth rate?
- Monaco ranks 86th out of 204 countries with data for 2024.
- Is services, value added (current us$), annual growth rate rising or falling in Monaco?
- Over the last ten years it is up 0.2%. 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 US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 14 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Services, value added (current US$). 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 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.