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Economy of Monaco

Population: 38 thousand in 20131

GDP: $6.1 billion in 20112

GDP per capita: $163,026 nominal3 ($85,500 PPP4) in 2011

GDP growth rate: 0.9% in 20115


GDP by Industry 20126

Industry sectorValue added ($ millions) 2012Percent of total
Other activities3,21052.8%
Wholesale, retail trade, restaurants and hotels1,50624.8%
Transport, storage and communication5879.7%
Mining and utilities00.0
Total value added6,081100%


Unemployment rate: 0% in 20057

Employment by Industry 8

Employment sectorPercent of total


Top 10 Corporations by Revenue 20139



Household Wealth: N/A

Household Wealth per Adult: N/A

Gini Coefficient: N/A


Central Government

Central Government Revenue: $1.0 billion(16% of GDP) in 201310

Central Government Expenditure: $1.1 billion (18% of GDP) in 201310

Central Government Budget Balance: -$0.1 billion (-2% of GDP) in 201310

Central Government Public Debt: N/A

Central Government 10 Year Bond Interest Rate: N/A

Government Funds


Tax Structure

Individual Income Tax Rates and Thresholds in 201011

Corporate Tax Rate: 33% in 201012

Monetary Policy

Money Supply (Euro area, M1): $6.62 trillion in Nov 2014* 13

Benchmark Interest Rate (Euro area): Main Refinancing rate = 0.05% in Sept 201414

Total Reserves: N/A

Exchange Rate: .877 Euros = 1 U.S. Dollar on Feb 18, 201515

Inflation: 1.5% in 201016

* Money supply calculated using the exchange rate 0.877 EUR = 1 USD

Financial Institutions

Top 10 Financial Institutions by Assets 201317

N/A (data not available at Relbanks.com)

International Accounts

Exports: $1.1 billion (18% of GDP) in 201318

Imports: $1.2 billino (20% of GDP) in 201318

Trade Balance: -$0.1 billion (-2% of GDP) in 201318

Foreign Direct Investment Inflow: N/A

Foreign Direct Investment Outflow: N/A

Foreign Aid Inflow: N/A

Foreign Aid Outflow: N/A


1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: CIA World Factbook (GDP per capita PPP) Go back
5. Source: CIA World Factbook (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: CNN Money (Unemployment rate) Go back
8. Source: CIA World Factbook (Employment by economic activity) Go back
9. Source: Annual reports (Corporate data) Go back
10. Source: CIA World Factbook (Government budget) Go back
11. Source: The Telegraph (Individual tax rates) Go back
12. Source: The Telegraph (Corporate tax rate) Go back
13. Source: ECB Monetary developments (Money supply) Go back
14. Source: ECB Key interest rates (Benchmark interest rate) Go back
15. Source: xe.com (Exchange rate) Go back
16. Source: CIA World Factbook (Inflation rate) Go back
17. Source: Relbanks.com (Financial institutions by assets) Go back
18. Source: CIA World Factbook (Trade data) Go back