GDP per capita growth — all countries

GDP per capita growth — Monaco

GDP per capita growth in Monaco in 2024 — 9.42%. Ranked 5 in the world out of 200. Since 1971, the indicator has risen by 5.68 pp.

2024 9.42% +4.05 pp vs 2023
World rank 5of 200
Period maximum 20.72%2021
Period minimum -13.1%2020

Trend over time

1971–2024 · % per year

GDP per capita growth — Monaco, 1971–2024-20-10010203019711977198319891995200120072013201920241971: 3.74%1972: 3.44%1973: 5.66%1974: 3.8%1975: -2%1976: 2.82%1977: 2.06%1978: 2.66%1979: 2.43%1980: 0.82%1981: 0.29%1982: 1.44%1983: -0.25%1984: 0.07%1985: 0.38%1986: 1.18%1987: 1.26%1988: 3.42%1989: 3.11%1990: 1.72%1991: 0.13%1992: 0.51%1993: -1.71%1994: 1.44%1995: 1.36%1996: 0.39%1997: 1.52%1998: 2.85%1999: 2.84%2000: 3.77%2001: 2.21%2002: 1.1%2003: 1.24%2004: 2.68%2005: 2.2%2006: 6.32%2007: 15.23%2008: 0.75%2009: -12.78%2010: -0.39%2011: 4.55%2012: -1.21%2013: 7.3%2014: 5.17%2015: 3.12%2016: 1.57%2017: -4.24%2018: 4.38%2019: 7.25%2020: -13.1%2021: 20.72%2022: 10.11%2023: 5.38%2024: 9.42%
Change over the period: +5.68 pp Annual average: 0.11 pp

Comparison, 2024

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

Monaco 9.42%
World 1.91%
Southern Europe computed 1.68%
High-income countries computed 1.13%
GDP per capita growth — Monaco, by year Monaco All countries CSV XLSX
Year % Change, pp
2024 9.42 +4.05 pp
2023 5.38 −4.74 pp
2022 10.11 −10.61 pp
2021 20.72 +33.82 pp
2020 -13.1 −20.35 pp
2019 7.25 +2.87 pp
2018 4.38 +8.62 pp
2017 -4.24 −5.81 pp
2016 1.57 −1.54 pp
2015 3.12 −2.05 pp
2014 5.17 −2.14 pp
2013 7.3 +8.52 pp
2012 -1.21 −5.77 pp
2011 4.55 +4.95 pp
2010 -0.39 +12.39 pp
2009 -12.78 −13.53 pp
2008 0.75 −14.48 pp
2007 15.23 +8.91 pp
2006 6.32 +4.12 pp
2005 2.2 −0.48 pp
2004 2.68 +1.45 pp
2003 1.24 +0.13 pp
2002 1.1 −1.11 pp
2001 2.21 −1.55 pp
2000 3.77 +0.92 pp
1999 2.84 −0 pp
1998 2.85 +1.33 pp
1997 1.52 +1.13 pp
1996 0.39 −0.97 pp
1995 1.36 −0.08 pp
1994 1.44 +3.14 pp
1993 -1.71 −2.21 pp
1992 0.51 +0.37 pp
1991 0.13 −1.58 pp
1990 1.72 −1.4 pp
1989 3.11 −0.31 pp
1988 3.42 +2.17 pp
1987 1.26 +0.08 pp
1986 1.18 +0.8 pp
1985 0.38 +0.31 pp
1984 0.07 +0.32 pp
1983 -0.25 −1.69 pp
1982 1.44 +1.15 pp
1981 0.29 −0.53 pp
1980 0.82 −1.61 pp
1979 2.43 −0.23 pp
1978 2.66 +0.59 pp
1977 2.06 −0.76 pp
1976 2.82 +4.82 pp
1975 -2 −5.8 pp
1974 3.8 −1.86 pp
1973 5.66 +2.22 pp
1972 3.44 −0.3 pp
1971 3.74

About the indicator

The annual growth of gross domestic product per person in constant prices. It differs from ordinary GDP growth by the rate of population growth, and in countries with fast-growing populations the difference runs to two or three percentage points a year — enough for brisk economic growth to mean stagnant income per person. It is this indicator, not GDP growth, that matches the everyday question of whether life has become better.

Important: It can be negative while GDP growth is positive — in that case the population is growing faster than the economy.

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