GDP growth — all countries

GDP growth — Monaco

GDP growth in Monaco in 2024 — 8.51%. Ranked 5 in the world out of 200. Since 1971, the indicator has risen by 3.28 pp.

2024 8.51% +3.07 pp vs 2023
World rank 5of 200
Period maximum 22.23%2021
Period minimum -13.24%2020

Trend over time

1971–2024 · % per year

GDP growth — Monaco, 1971–2024-20-10010203019711977198319891995200120072013201920241971: 5.23%1972: 4.65%1973: 6.55%1974: 4.47%1975: -0.97%1976: 4.41%1977: 3.55%1978: 3.95%1979: 3.53%1980: 1.69%1981: 0.92%1982: 2.43%1983: 1.19%1984: 1.48%1985: 1.71%1986: 2.45%1987: 2.48%1988: 4.6%1989: 4.16%1990: 2.64%1991: 1.02%1992: 1.37%1993: -0.91%1994: 2.22%1995: 2.12%1996: 1.11%1997: 2.24%1998: 3.5%1999: 3.3%2000: 3.91%2001: 2.19%2002: 1.03%2003: 1.09%2004: 2.47%2005: 1.9%2006: 5.82%2007: 14.44%2008: 0.75%2009: -11.34%2010: 2.07%2011: 7.02%2012: 1.01%2013: 9.58%2014: 7.19%2015: 4.91%2016: 3.01%2017: -3.21%2018: 5.7%2019: 7.12%2020: -13.24%2021: 22.23%2022: 11.27%2023: 5.44%2024: 8.51%
Change over the period: +3.28 pp Annual average: 0.06 pp

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Monaco

Monaco 8.51%
World 2.9%
Southern Europe computed 2.07%
High-income countries computed 2.02%
GDP growth — Monaco, by year Monaco All countries CSV XLSX
Year % Change, pp
2024 8.51 +3.07 pp
2023 5.44 −5.82 pp
2022 11.27 −10.97 pp
2021 22.23 +35.47 pp
2020 -13.24 −20.36 pp
2019 7.12 +1.42 pp
2018 5.7 +8.9 pp
2017 -3.21 −6.21 pp
2016 3.01 −1.9 pp
2015 4.91 −2.28 pp
2014 7.19 −2.39 pp
2013 9.58 +8.56 pp
2012 1.01 −6.01 pp
2011 7.02 +4.96 pp
2010 2.07 +13.4 pp
2009 -11.34 −12.08 pp
2008 0.75 −13.69 pp
2007 14.44 +8.62 pp
2006 5.82 +3.92 pp
2005 1.9 −0.58 pp
2004 2.47 +1.38 pp
2003 1.09 +0.06 pp
2002 1.03 −1.16 pp
2001 2.19 −1.72 pp
2000 3.91 +0.61 pp
1999 3.3 −0.2 pp
1998 3.5 +1.27 pp
1997 2.24 +1.13 pp
1996 1.11 −1.01 pp
1995 2.12 −0.1 pp
1994 2.22 +3.13 pp
1993 -0.91 −2.28 pp
1992 1.37 +0.35 pp
1991 1.02 −1.63 pp
1990 2.64 −1.52 pp
1989 4.16 −0.43 pp
1988 4.6 +2.11 pp
1987 2.48 +0.03 pp
1986 2.45 +0.74 pp
1985 1.71 +0.22 pp
1984 1.48 +0.29 pp
1983 1.19 −1.24 pp
1982 2.43 +1.51 pp
1981 0.92 −0.76 pp
1980 1.69 −1.85 pp
1979 3.53 −0.42 pp
1978 3.95 +0.4 pp
1977 3.55 −0.86 pp
1976 4.41 +5.38 pp
1975 -0.97 −5.45 pp
1974 4.47 −2.08 pp
1973 6.55 +1.91 pp
1972 4.65 −0.58 pp
1971 5.23

About the indicator

The annual growth rate of gross domestic product in constant local currency prices. Because the calculation runs in constant prices, the indicator is clear of inflation and of exchange rate swings, so it shows the real movement of the economy. Two consecutive quarters of negative values are conventionally called a technical recession, but the data here are annual.

Source: World Development Indicators (World Bank), license CC BY 4.0.