The Gross Domestic Product (GDP) in Monaco contracted 3.50 percent in 2017 from the previous year. GDP Annual Growth Rate in Monaco averaged 3.45 percent from 2006 until 2017, reaching an all time high of 14.40 percent in 2007 and a record low of -11.30 percent in 2009.

GDP Annual Growth Rate in Monaco is expected to be 3.00 percent by the end of this quarter, 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 2.70 percent in 2020, according to our econometric models.

Monaco GDP Annual Growth Rate
Forecast Data Chart
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Monaco GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate -3.50 3.40 14.40 -11.30 percent [+]
GDP 6.07 5.35 6.92 0.29 USD Billion [+]
GDP Constant Prices 5680.20 5847.70 5847.70 3668.20 EUR Million [+]

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. This page provides - Monaco GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Monaco GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-3.50 3.40 14.40 -11.30 2006 - 2017 percent Yearly

Country Last Previous
China 6.40 Mar/19
India 5.80 Mar/19
Indonesia 5.07 Mar/19
Saudi Arabia 3.60 Dec/18
United States 3.20 Mar/19
Spain 2.40 Mar/19
Australia 1.80 Mar/19
United Kingdom 1.80 Mar/19
Netherlands 1.70 Mar/19
South Korea 1.70 Mar/19
Switzerland 1.70 Mar/19
Canada 1.30 Mar/19
Euro Area 1.20 Mar/19
France 1.20 Mar/19
Mexico 1.20 Mar/19
Singapore 1.20 Mar/19
Japan 0.90 Mar/19
Germany 0.70 Mar/19
Brazil 0.50 Mar/19
Russia 0.50 Mar/19
South Africa 0.00 Mar/19
Italy -0.10 Mar/19
Turkey -2.60 Mar/19
Argentina -5.80 Mar/19