Monaco - Economy
How is the economy of Monaco? Based on the information we have, Monaco has a high-income European economy; non-EU euro user; considered a tax haven; tourism and banking are largest sectors; negatively impacted by COVID-19; major oceanographic museum; among most expensive real estate; major state-owned enterprises. Key agricultural products in this country include: none.
More about the economy of Monaco
| Labor force | |
|---|---|
| Industrial production growth rate | |
| Industries | banking, insurance, tourism, construction, small-scale industrial and consumer products |
| Population below poverty line | |
| Taxes and other revenues | |
| Fiscal year | |
| Exchange rates | |
| Currency | euros (EUR) per US dollar - |
| Exchange rates 2024 | 0.924 (2024 est.) |
| Exchange rates 2023 | 0.925 (2023 est.) |
| Exchange rates 2022 | 0.95 (2022 est.) |
| Exchange rates 2021 | 0.845 (2021 est.) |
| Exchange rates 2020 | 0.876 (2020 est.) |
| Budget surplus (+) or deficit (-) | |
| Imports (partners) | Italy, Switzerland, United Kingdom, Germany, China (2021) |
| Comodities Imports force | jewelry, cars and vehicle parts, recreational boats, plastic products, artwork (2021) |
| Exports (partners) | Italy, Switzerland, Germany, Belgium, Spain (2021) |
| Comodities Exports force | jewelry, perfumes, watches, packaged medicines, cars (2021) |
| Real GDP (purchasing power parity) | |
| Real GDP (purchasing power parity) 2024 | $8.924 billion (2024 est.) |
| Real GDP (purchasing power parity) 2023 | $8.749 billion (2023 est.) |
| Real GDP (purchasing power parity) 2022 | $8.329 billion (2022 est.) |
| GDP (official exchange rate) | $10.434 billion (2024 est.) |
| Real GDP Per capita | |
| Real GDP per capita 2024 | $270,100 (2024 est.) |
| Real GDP per capita 2023 | $256,600 (2023 est.) |
| Real GDP per capita 2022 | $226,100 (2022 est.) |
| GDP - composition, by sector of origin | |
| Industry | 11.5% (2023 est.) |
| Services | 88.5% (2023 est.) |
All Important Facts about Monaco
Want to know more about Monaco? Check all different factbooks for Monaco below.
