Economic in Monaco

What is the economic situation in Monaco?

GDP per capita is at a record level of 81,710 euros. This is 17.5% higher in real terms than in 2020, and 3.9% higher than in 2019. GDP per employee is also at an all-time high of 125,121 euros, up 17.0% in real terms compared to 2020, and up 5.4% compared to 2019.

The economic situation in Monaco is generally strong and stable. The principality has a very low unemployment rate and a GDP per capita that is among the highest in the world. The main drivers of the economy are tourism, finance, and real estate. Tourism is a major contributor to the economy, with visitors coming from around the world to enjoy the principality's luxury hotels, casinos, and fine dining. Finance is also a key sector, with a number of international banks and financial institutions based in Monaco. Real estate is another important sector, with the principality's high-end properties attracting investors from around the globe.