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Monaco — GDP growth
GDP Growth (Annual %) for Monaco, 1971–2024.
Latest value · 2024
8.51%
GDP Growth (Annual %) · annual % · +62.8% since 1971
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%.
Key figures
Latest (2024)
8.51%
First (1971)
5.23%
Change
+62.8%
Highest
22.23%
in 2021
Lowest
-13.24%
in 2020
Average
3.30%
Annual growth (CAGR)
0.92%
Years of data
54
Recent years
| Year | annual % |
|---|---|
| 2024 | 8.51% |
| 2023 | 5.44% |
| 2022 | 11.27% |
| 2021 | 22.23% |
| 2020 | -13.24% |
| 2019 | 7.12% |
| 2018 | 5.7% |
| 2017 | -3.21% |
| 2016 | 3.01% |
| 2015 | 4.91% |
| 2014 | 7.19% |
| 2013 | 9.58% |
Reading this correctly. Annual percentage growth rate of GDP at constant market prices. A negative value means the economy contracted that year. Figures are in annual %. Comparing this series with a different measure of the same concept (for example a nominal figure against a purchasing-power-parity figure) will give misleading results.
Related data
Source. World Bank Open Data, indicator
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.