Monaco — GDP growth
GDP Growth (Annual %) for Monaco, 1971–2024.
GDP growth for Monaco was 8.51% in 2024, according to the latest World Bank data. The series covers 54 years, from 1971 to 2024. The highest recorded value was 22.23% in 2021. The lowest was -13.24% in 2020 (about -1.6× the latest value). Across that span the compound annual growth rate works out to 0.92% per year.
Monaco ranks 9 of 212 economies on this measure (1 = highest), putting it in the top 4%. The median for Europe & Central Asia is 2.03%, so Monaco sits above it. It peaked in 2021 and has fallen 62% since. Over the last decade (2014–2024) the figure moved up 18%. Within Europe & Central Asia it ranks 3 of 57 economies; Tajikistan (8.40%) is just below it. Its sharpest one-year move was down 1618% in 2009. That is 59% above this series' own ten-year average.
Data highlights
From its 1971 level: doubled by 2007. Doubling roughly every 75 years at that pace.
World ranking. Climbed: 59th of 142 in 1971 → 90th of 152 in 1980 → 101st of 176 in 1990 → 107th of 199 in 2000 → 146th of 209 in 2010 → 185th of 209 in 2020 → 5th of 200 in 2024.
Key figures
Full history — 1971 to 2024
| Year | annual % | Change |
|---|---|---|
| 2024 | 8.51% | +3.1 pp |
| 2023 | 5.44% | -5.8 pp |
| 2022 | 11.27% | -11.0 pp |
| 2021 | 22.23% | +35.5 pp |
| 2020 | -13.24% | -20.4 pp |
| 2019 | 7.12% | +1.4 pp |
| 2018 | 5.7% | +8.9 pp |
| 2017 | -3.21% | -6.2 pp |
| 2016 | 3.01% | -1.9 pp |
| 2015 | 4.91% | -2.3 pp |
| 2014 | 7.19% | -2.4 pp |
| 2013 | 9.58% | +8.6 pp |
| 2012 | 1.01% | -6.0 pp |
| 2011 | 7.02% | +5.0 pp |
| 2010 | 2.07% | +13.4 pp |
| 2009 | -11.34% | -12.1 pp |
| 2008 | 0.75% | -13.7 pp |
| 2007 | 14.44% | +8.6 pp |
| 2006 | 5.82% | +3.9 pp |
| 2005 | 1.9% | -0.6 pp |
| 2004 | 2.47% | +1.4 pp |
| 2003 | 1.09% | +0.1 pp |
| 2002 | 1.03% | -1.2 pp |
| 2001 | 2.19% | -1.7 pp |
| 2000 | 3.91% | +0.6 pp |
| 1999 | 3.3% | -0.2 pp |
| 1998 | 3.5% | +1.3 pp |
| 1997 | 2.24% | +1.1 pp |
| 1996 | 1.11% | -1.0 pp |
| 1995 | 2.12% | -0.1 pp |
| 1994 | 2.22% | +3.1 pp |
| 1993 | -0.91% | -2.3 pp |
| 1992 | 1.37% | +0.4 pp |
| 1991 | 1.02% | -1.6 pp |
| 1990 | 2.64% | -1.5 pp |
| 1989 | 4.16% | -0.4 pp |
| 1988 | 4.6% | +2.1 pp |
| 1987 | 2.48% | +0.0 pp |
| 1986 | 2.45% | +0.7 pp |
| 1985 | 1.71% | +0.2 pp |
| 1984 | 1.48% | +0.3 pp |
| 1983 | 1.19% | -1.2 pp |
| 1982 | 2.43% | +1.5 pp |
| 1981 | 0.92% | -0.8 pp |
| 1980 | 1.69% | -1.8 pp |
| 1979 | 3.53% | -0.4 pp |
| 1978 | 3.95% | +0.4 pp |
| 1977 | 3.55% | -0.9 pp |
| 1976 | 4.41% | +5.4 pp |
| 1975 | -0.97% | -5.4 pp |
| 1974 | 4.47% | -2.1 pp |
| 1973 | 6.55% | +1.9 pp |
| 1972 | 4.65% | -0.6 pp |
| 1971 | 5.23% | — |
Frequently asked questions
What was Monaco’s GDP growth in 1972?
4.65% (1972). The full year-by-year table above lists every published year, most recent first.
Are changes in this series measured in percentage points?
Yes. The series is a share expressed in annual %, so year-over-year movements in the Change column are percentage points (pp), not percent.
Is Monaco’s GDP growth growing or shrinking?
Between 1971 and 2024 the series was growing overall: +62.8% in total — about 0.9% a year compounded.
Where does this data come from?
World Bank Open Data (CC BY-4.0), indicator NY.GDP.MKTP.KD.ZG. Values are reproduced as published; this page only computes summary statistics such as change, CAGR and extremes.
What are the most recent published figures?
The last five published years: 2024: 8.51%; 2023: 5.44%; 2022: 11.27%; 2021: 22.23%; 2020: -13.24%. Earlier years are in the full-history table below.
Related data
NY.GDP.MKTP.KD.ZG — GDP Growth (Annual %). Data licensed under CC BY 4.0. Values are reproduced as published; this page computes the summary statistics (change, CAGR, extremes) from the underlying annual series. View the original dataset on data.worldbank.org.