Monaco ranked 153/197 by economy size with a GDP of $10B and 1/197 by GDP per capita at $256,581.
In 2025, Monaco made up 0.009% of the world's economy, compared to 0.01% in 1970.
The chart below shows GDP in nominal terms, GDP adjusted for inflation (in constant dollars), and a bar chart of year-over-year inflation-adjusted growth.
GDP, current $
GDP, constant 2015 $
GDP growth
| Year | GDP | GDP growth | |
|---|---|---|---|
| Current $ | Constant $ | ||
| 1970 | $293,127,333 | $1,764,785,206 | - |
| 1971 | $327,706,210 | $1,857,049,235 | 11.8% |
| 1972 | $402,451,901 | $1,943,370,634 | 22.8% |
| 1973 | $523,554,039 | $2,070,734,432 | 30.1% |
| 1974 | $563,949,254 | $2,163,391,744 | 7.72% |
| 1975 | $711,978,962 | $2,142,349,785 | 26.2% |
| 1976 | $735,324,245 | $2,236,862,305 | 3.28% |
| 1977 | $811,191,392 | $2,316,343,303 | 10.3% |
| 1978 | $1,000,555,218 | $2,407,921,124 | 23.3% |
| 1979 | $1,209,870,147 | $2,493,021,991 | 20.9% |
| 1980 | $1,378,175,524 | $2,535,040,816 | 13.9% |
| 1981 | $1,205,188,648 | $2,558,423,484 | -12.6% |
| 1982 | $1,143,216,457 | $2,620,654,307 | -5.14% |
| 1983 | $1,092,560,365 | $2,651,970,428 | -4.43% |
| 1984 | $1,037,329,604 | $2,691,339,343 | -5.06% |
| 1985 | $1,082,867,507 | $2,737,326,250 | 4.39% |
| 1986 | $1,515,234,743 | $2,804,455,472 | 39.9% |
| 1987 | $1,839,081,463 | $2,874,134,249 | 21.4% |
| 1988 | $2,000,704,745 | $3,006,304,229 | 8.79% |
| 1989 | $2,010,083,833 | $3,131,476,494 | 0.47% |
| 1990 | $2,481,307,077 | $3,214,255,640 | 23.4% |
| 1991 | $2,480,540,845 | $3,246,884,485 | -0.03% |
| 1992 | $2,737,049,231 | $3,291,257,692 | 10.3% |
| 1993 | $2,574,494,356 | $3,261,178,239 | -5.94% |
| 1994 | $2,720,332,135 | $3,333,433,694 | 5.66% |
| 1995 | $3,130,309,995 | $3,404,007,586 | 15.1% |
| 1996 | $3,137,886,995 | $3,441,816,981 | 0.24% |
| 1997 | $2,840,195,190 | $3,518,819,006 | -9.49% |
| 1998 | $2,934,593,468 | $3,642,092,596 | 3.32% |
| 1999 | $2,907,118,641 | $3,762,301,282 | -0.94% |
| 2000 | $2,654,462,665 | $3,909,415,913 | -8.69% |
| 2001 | $2,673,723,034 | $3,994,943,522 | 0.73% |
| 2002 | $2,919,647,982 | $4,035,951,521 | 9.2% |
| 2003 | $3,597,089,751 | $4,079,843,968 | 23.2% |
| 2004 | $4,043,551,489 | $4,180,635,804 | 12.4% |
| 2005 | $4,204,652,899 | $4,259,876,165 | 3.98% |
| 2006 | $4,586,826,513 | $4,507,700,786 | 9.09% |
| 2007 | $5,875,790,766 | $5,158,500,738 | 28.1% |
| 2008 | $6,502,942,245 | $5,197,028,095 | 10.7% |
| 2009 | $5,474,379,252 | $4,607,841,718 | -15.8% |
| 2010 | $5,367,561,570 | $4,703,003,769 | -1.95% |
| 2011 | $6,088,689,808 | $5,033,265,481 | 13.4% |
| 2012 | $5,742,749,294 | $5,084,213,121 | -5.68% |
| 2013 | $6,555,591,710 | $5,571,133,211 | 14.2% |
| 2014 | $7,070,017,324 | $5,971,532,102 | 7.85% |
| 2015 | $6,264,756,528 | $6,264,756,528 | -11.4% |
| 2016 | $6,471,290,794 | $6,453,228,194 | 3.3% |
| 2017 | $6,430,254,653 | $6,246,325,874 | -0.63% |
| 2018 | $7,184,333,936 | $6,602,235,351 | 11.7% |
| 2019 | $7,383,496,254 | $7,072,373,237 | 2.77% |
| 2020 | $6,730,736,283 | $6,136,054,330 | -8.84% |
| 2021 | $8,623,242,743 | $7,500,235,157 | 28.1% |
| 2022 | $8,800,430,486 | $8,328,781,592 | 2.05% |
| 2023 | $9,995,350,547 | $8,748,833,913 | 13.6% |
Economic Statistics of Monaco
Monaco
|
Rank | |
|---|---|---|
| Gross domestic product |
$10B
2023 |
153/197 |
| GDP growth |
13.6%
2022-2023 |
23/196 |
| GDP per capita |
$256,581
2023 |
1/197 |
| GDP per capita, PPP |
$115,700
2015 |
6/197 |
| Average annual personal income after taxes |
$97,128
2025 |
2/197 |
| Number of billionaires |
2
2025 |
56/78 |
| Billionaire frequency |
1 in 15,928
2025 |
1/78 |
| Government expenditure, % of GDP |
20%
2025 |
158/195 |
| Consumer prices inflation |
1.5%
2019-2020 |
161/195 |
| Unemployment rate |
6.33%
2016 |
78/196 |
| Population |
38341
|
191/197 |
Monaco's GDP per capita
Monaco has a GDP per capita of $256,581, ranking 1/197, a GDP per capita based on purchasing power parity (PPP) of $115,700, ranking 6/197, and a median annual after tax income of $97,128, ranking 2/197.
GDP per capita
GDP per capita, PPP
| Year | Current $ | |
|---|---|---|
| GDP per capita | GDP per capita, PPP | |
| 1970 | $12,098 | - |
| 1971 | $13,334 | - |
| 1972 | $16,187 | - |
| 1973 | $20,882 | - |
| 1974 | $22,348 | - |
| 1975 | $27,921 | - |
| 1976 | $28,396 | - |
| 1977 | $30,875 | - |
| 1978 | $37,608 | - |
| 1979 | $44,990 | - |
| 1980 | $50,814 | - |
| 1981 | $44,157 | - |
| 1982 | $41,479 | - |
| 1983 | $39,076 | - |
| 1984 | $36,582 | - |
| 1985 | $37,690 | - |
| 1986 | $52,082 | - |
| 1987 | $62,456 | - |
| 1988 | $67,181 | - |
| 1989 | $66,816 | - |
| 1990 | $81,735 | - |
| 1991 | $80,997 | - |
| 1992 | $88,615 | - |
| 1993 | $82,685 | - |
| 1994 | $86,704 | - |
| 1995 | $99,032 | - |
| 1996 | $98,561 | - |
| 1997 | $88,582 | - |
| 1998 | $90,947 | - |
| 1999 | $89,698 | $27,000 |
| 2000 | $81,789 | $27,000 |
| 2001 | $82,403 | - |
| 2002 | $90,051 | - |
| 2003 | $111,110 | - |
| 2004 | $125,160 | - |
| 2005 | $130,539 | - |
| 2006 | $143,083 | $30,000 |
| 2007 | $184,559 | - |
| 2008 | $204,264 | - |
| 2009 | $169,150 | $63,400 |
| 2010 | $161,854 | - |
| 2011 | $179,364 | $85,500 |
| 2012 | $165,445 | - |
| 2013 | $184,941 | $78,700 |
| 2014 | $195,694 | - |
| 2015 | $170,437 | $115,700 |
| 2016 | $173,605 | - |
| 2017 | $170,663 | - |
| 2018 | $188,298 | - |
| 2019 | $193,747 | - |
| 2020 | $176,892 | - |
| 2021 | $223,823 | - |
| 2022 | $226,052 | - |
| 2023 | $256,581 | - |
Inflation rate by year
Over the past 4 years, Monaco has had an average annual inflation rate of 1.5%. In 2020, inflation was 1.5%. The bar chart below shows consumer price inflation by year.
| Year | Inflation |
|---|---|
| 2000 | 1.9% |
| 2001 | - |
| 2002 | - |
| 2003 | - |
| 2004 | - |
| 2005 | - |
| 2006 | - |
| 2007 | - |
| 2008 | - |
| 2009 | - |
| 2010 | 1.5% |
| 2011 | - |
| 2012 | - |
| 2013 | - |
| 2014 | - |
| 2015 | - |
| 2016 | - |
| 2017 | - |
| 2018 | 1.5% |
| 2019 | 1.5% |
| 2020 | 1.5% |
Monaco's top 10 trading partners
Monaco's biggest trading partner accounting for 29.9%% of all exports and imports is Senegal, with a trade balance between the two of +$623M — Monaco exports $637M worth of goods and services to Senegal and imports $13.7M.
Below is the list of the top 10 trade partners of Monaco.
| Rank | Country | Trade value | Share of total trade | Export to | Import from | Top export to | Top import from |
|---|---|---|---|---|---|---|---|
| 1 |
Senegal
|
$651M | 29.9% | $637M | $13.7M | Raw materials & minerals | Machinery & equipment |
| 2 |
New Zealand
|
$559M | 25.7% | $0 | $559M | Animal & marine products | Raw agricultural goods |
| 3 |
Saudi Arabia
|
$245M | 11.3% | $245M | $36K | Machinery & equipment | Machinery & equipment |
| 4 |
Uruguay
|
$209M | 9.6% | $124M | $84.1M | Raw materials & minerals | Raw agricultural goods |
| 5 |
Pakistan
|
$207M | 9.53% | $207M | $86K | Metals | Raw agricultural goods |
| 6 |
Russia
|
$109M | 5.02% | $109M | $0 | Precious metals & jewellery | Animal & marine products |
| 7 |
Madagascar
|
$74.3M | 3.42% | $74.3M | $37K | Textiles & consumer goods | Raw materials & minerals |
| 8 |
Gabon
|
$62.5M | 2.88% | $62.5M | $0 | Machinery & equipment | Animal & marine products |
| 9 |
Mauritius
|
$43.4M | 2% | $38.3M | $5.08M | Chemicals & pharma | Processed food, beverages & tobacco |
| 10 |
CAR
|
$8.34M | 0.38% | $8.33M | $7K | Chemicals & pharma | Machinery & equipment |
Monaco's top 10 exports
|
Monaco
|
Rank | |
|---|---|---|
| Transport & tourism services | $20.3B | 31/188 |
| Business & finance services | $18.6B | 26/188 |
| IT & IP services | $8.59B | 23/183 |
| Manufacturing & construction services | $6.26B | 16/164 |
| Raw materials & minerals | $541M | 119/193 |
| Machinery & equipment | $274M | 106/193 |
| Government & miscellaneous services | $169M | 60/180 |
| Metals | $158M | 112/192 |
| Chemicals & pharma | $144M | 106/193 |
| Textiles & consumer goods | $93.2M | 122/193 |
Monaco's top 10 imports
|
Monaco
|
Rank | |
|---|---|---|
| Transport & tourism services | $28.8B | 28/188 |
| Business & finance services | $16.6B | 28/188 |
| IT & IP services | $8.82B | 23/182 |
| Manufacturing & construction services | $5.96B | 13/163 |
| Raw agricultural goods | $629M | 101/193 |
| Government & miscellaneous services | $620M | 29/180 |
| Animal & marine products | $9.93M | 185/193 |
| Machinery & equipment | $6.74M | 192/193 |
| Raw materials & minerals | $5.2M | 191/193 |
| Processed food, beverages & tobacco | $4.23M | 192/193 |
Economic freedom indices
|
Monaco
|
Rank | |
|---|---|---|
| Economic freedom | 83 | 4/197 |
More economic indicators
|
Monaco
|
Rank | |
|---|---|---|
| Services, % of GDP |
88.5%
2023 |
1/191 |
| Industry, % of GDP |
11.5%
2023 |
174/194 |
Compare countries by 7 more topics
GDP per capita map
GDP per capita
Relevant pages:
Monaco topic pages:
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