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 52,000 (2014 est.)
Industrial production growth rate -3.16% (2014 est.)
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 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.)
Exchange rates 2019 0.893 (2019 est.)
Budget surplus (+) or deficit (-)
Imports
Imports 2017 $1.371 billion (2017 est.)
Imports (partners) Italy, Switzerland, United Kingdom, Germany, China  (2021)
Comodities Imports force jewelry, cars and vehicle parts, recreational boats, plastic products, artwork (2021)
Exports
Imports 2017 $1.371 billion (2017 est.)
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) 2015 $7.672 billion (2015 est.)
GDP (official exchange rate) $8.784 billion (2022 est.)
Real GDP Per capita
Real GDP per capita 2015 $115,700 (2015 est.)
Real GDP per capita 2014 $109,200 (2014 est.)
GDP - composition, by sector of origin
Industry 12.3% (2022 est.)
Services 87.7% (2022 est.)
Youth unemployment rate (ages 15-24)
Total 26.6% (2016 est.)
Male 25.7%
Female 27.9%
All Important Facts about Monaco

Want to know more about Monaco? Check all different factbooks for Monaco below.

Monaco is found in Western Europe