GDP Annual Growth Rate in Monaco increased to 7.50 percent in 2019 from 6 percent in 2018. source: Monaco Statistics

GDP Annual Growth Rate in Monaco averaged 3.93 percent from 2006 until 2019, reaching an all time high of 14.40 percent in 2007 and a record low of -11.30 percent in 2009. This page provides - Monaco GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Monaco GDP Annual Growth Rate - values, historical data and charts - was last updated on November of 2021.

GDP Annual Growth Rate in Monaco is expected to reach 2.30 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Monaco GDP Annual Growth Rate is projected to trend around 3.90 percent in 2022 and 3.30 percent in 2023, according to our econometric models.

Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
Monaco GDP Annual Growth Rate

Related Last Previous Unit Reference
GDP Annual Growth Rate 7.50 6.00 percent Dec/19
GDP Constant Prices 6631.60 6091.90 EUR Million Dec/19
Monaco GDP Annual Growth Rate
Monaco is a small city-state in Western Europe known for its casino, high-value tourism and tax haven status. The most important sector of the economy is services, accounting for over 95 percent of GDP. One third of Monaco’s GDP is produced by two sectors: scientific and technical activities, administrative and support services (17 percent); and financial and insurance activities (17 percent). Real estate sector accounts for 8.4 percent of GDP and has become the third biggest contributor to GDP in recent years. Tourism is also an important source of revenue as Monaco hosts various events, such as the Formula One Grand Prix, and is home to the famous Monte-Carlo Casino. A large part of the labour force commutes to work from outside Monaco every day.