Services, value added (% of GDP) in Monaco
Monaco: Services, value added (% of GDP) was 87.2% in 2024. ▬ Flat
Services, value added in Monaco, 2010–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
Monaco recorded 87.2% for services, value added in 2024.
The figure is down 1.5% on the previous year and down 0.2% over ten years.
Over the whole period, services, value added in Monaco peaked at 88.5% in 2023 and was at its lowest, 81.7%, in 2016.
Monaco ranks 7th of 206 countries on this measure, in the top 10%.
Services, value added (% of GDP) in Monaco, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2010 | 87.1% | — |
| 2011 | 87.2% | +0.1% |
| 2012 | 87.0% | -0.2% |
| 2013 | 86.0% | -1.1% |
| 2014 | 87.4% | +1.6% |
| 2015 | 82.4% | -5.7% |
| 2016 | 81.7% | -0.8% |
| 2017 | 87.2% | +6.7% |
| 2018 | 86.9% | -0.4% |
| 2019 | 87.0% | +0.1% |
| 2020 | 85.1% | -2.1% |
| 2021 | 87.5% | +2.8% |
| 2022 | 87.7% | +0.3% |
| 2023 | 88.5% | +0.9% |
| 2024 | 87.2% | -1.5% |
Monaco compared with similar countries
- Monaco's 87.2% is above the median for high income countries, which is 66.2%, 1.3× the median. (77 countries reporting)
- Monaco's 87.2% is above the median for Europe & Central Asia, which is 61.4%, 1.4× the median. (56 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 86.0% | 81.7% | 87.4% | 10 |
| 2020s | 87.2% | 85.1% | 88.5% | 5 |
Countries ranked near Monaco
- 4 Bermuda 91.3% compare
- 5 Channel Islands 91.2% compare
- 6 Sint Maarten (Dutch part) 89.3% compare
- 8 Cayman Islands 86.5% compare
- 9 Luxembourg 81.4% compare
- 10 Sao Tome and Principe 81.4% 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 services, value added in Monaco?
- Services, value added in Monaco was 87.2% 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 88.5% in 2023.
- What is the lowest services, value added recorded in Monaco?
- The lowest recorded value was 81.7% in 2016.
- How does Monaco rank for services, value added?
- Monaco ranks 7th out of 206 countries with data for 2024.
- Is services, value added rising or falling in Monaco?
- Over the last ten years it is down 0.2%. The long-run trend across the full record is flat.
- 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.