Monaco GDP Growth Rate (2026)
Monaco has a very high-income microeconomy centered on finance, real estate, tourism, luxury services, and international business. This page examines its GDP growth trend, historical performance, regional position, and outlook.
GDP Growth Rate 2026
+5.0%
Annual real GDP growth
World Rank
#27
Out of 195 countries
Change vs 2025
N/A
Previous-year data unavailable
Europe Rank
#1
Out of 43 countries
1. Monaco GDP Growth Rate in 2026
Monaco’s economic growth is influenced by real estate, finance, tourism, construction, and high-value services. European financial conditions and luxury demand remain important.
2. Monaco GDP Growth Rate Trends (1971–2026)
Monaco’s growth history has been shaped by wealth management, property development, tourism, and its role as an international business center.
3. Monaco GDP Growth Rate (Historical Data)
| Year | GDP Growth Rate | Change (pp) |
|---|---|---|
| 2026 | +5.0% | -3.5 pp |
| 2024 | +8.5% | +3.1 pp |
| 2023 | +5.4% | -5.8 pp |
| 2022 | +11.3% | -11.0 pp |
| 2021 | +22.2% | +35.5 pp |
| 2020 | -13.2% | -20.4 pp |
| 2019 | +7.1% | +1.4 pp |
| 2018 | +5.7% | +8.9 pp |
| 2017 | -3.2% | -6.2 pp |
| 2016 | +3.0% | -1.9 pp |
| 2015 | +4.9% | -2.3 pp |
| 2014 | +7.2% | -2.4 pp |
| 2013 | +9.6% | +8.6 pp |
| 2012 | +1.0% | -6.0 pp |
| 2011 | +7.0% | +5.0 pp |
| 2010 | +2.1% | +13.4 pp |
| 2009 | -11.3% | -12.1 pp |
| 2008 | +0.8% | -13.7 pp |
| 2007 | +14.4% | +8.6 pp |
| 2006 | +5.8% | +3.9 pp |
| 2005 | +1.9% | -0.6 pp |
| 2004 | +2.5% | +1.4 pp |
| 2003 | +1.1% | +0.1 pp |
| 2002 | +1.0% | -1.2 pp |
| 2001 | +2.2% | -1.7 pp |
| 2000 | +3.9% | +0.6 pp |
| 1999 | +3.3% | -0.2 pp |
| 1998 | +3.5% | +1.3 pp |
| 1997 | +2.2% | +1.1 pp |
| 1996 | +1.1% | -1.0 pp |
| 1995 | +2.1% | -0.1 pp |
| 1994 | +2.2% | +3.1 pp |
| 1993 | -0.9% | -2.3 pp |
| 1992 | +1.4% | +0.4 pp |
| 1991 | +1.0% | -1.6 pp |
| 1990 | +2.6% | -1.5 pp |
| 1989 | +4.2% | -0.4 pp |
| 1988 | +4.6% | +2.1 pp |
| 1987 | +2.5% | +0.0 pp |
| 1986 | +2.5% | +0.7 pp |
| 1985 | +1.7% | +0.2 pp |
| 1984 | +1.5% | +0.3 pp |
| 1983 | +1.2% | -1.2 pp |
| 1982 | +2.4% | +1.5 pp |
| 1981 | +0.9% | -0.8 pp |
| 1980 | +1.7% | -1.8 pp |
| 1979 | +3.5% | -0.4 pp |
| 1978 | +4.0% | +0.4 pp |
| 1977 | +3.6% | -0.9 pp |
| 1976 | +4.4% | +5.4 pp |
| 1975 | -1.0% | -5.4 pp |
| 1974 | +4.5% | -2.1 pp |
| 1973 | +6.6% | +1.9 pp |
| 1972 | +4.7% | -0.6 pp |
| 1971 | +5.2% | — |
4. Monaco GDP Growth Performance
Current Growth Rate
+5.0%
(2026 to 2026)
5-Year Average
+7.6%
(2022 to 2026)
10-Year Average
+5.4%
(2017 to 2026)
20-Year Average
+4.6%
(2007 to 2026)
The economy benefits from high-value services, strong wealth inflows, and premium real estate demand. Its very small size can make individual projects noticeably affect growth.
5. Monaco GDP Growth Rate vs Europe and World
Monaco
+5.0%
Europe Average
+1.9%
World Average
+2.8%
0.0%
2.5%
5.0%
Annual real GDP growth (%)
Monaco’s GDP growth rate is approximately
3.2 pp
above the
Europe average
and
2.2 pp
above the world average.
6. Monaco GDP Growth Rate Ranking in Europe
| Rank | Country | GDP Growth Rate |
|---|---|---|
| #1 | Monaco | +5.0% |
| #2 | Malta | +3.7% |
| #3 | Albania | +3.4% |
| #4 | Poland | +3.3% |
| #5 | North Macedonia | +3.1% |
| #6 | Lithuania | +2.9% |
| #7 | Serbia | +2.8% |
| #8 | Montenegro | +2.8% |
| #9 | Bulgaria | +2.8% |
7. Top 10 Fastest-Growing Countries in the World (2026)
8. GDP Growth Rate and Economy Size in Monaco
Monaco GDP (Nominal)
$10.0 Billion
(2026)
Monaco GDP Growth Rate
+5.0%
(2026)
Monaco’s growth profile differs from larger European economies because luxury services, finance, and real estate dominate activity.
Explore more:
Monaco GDP
9. Monaco GDP Growth Rate Forecast
The outlook depends on property investment, tourism, finance, and international wealth flows. Global financial volatility remains an important external risk.
Forecast data is currently unavailable for
Monaco.
10. Monaco GDP Growth Rate: Key Findings
Monaco GDP growth rate is estimated at +5.0% in 2026.
It ranks #27 globally and #1 in Europe by annual GDP growth rate.
The 5-year average GDP growth rate is +7.6%.
The 10-year average GDP growth rate is +5.4%.
The current rate is 3.2 percentage points above the Europe average.
The current rate is 2.2 percentage points above the world average.
11. What Is GDP Growth Rate?
GDP growth rate measures the percentage change in a country’s real gross domestic product from one period to the next, usually year over year.
GDP Growth Rate
=
(Real GDPₜ − Real GDPₜ₋₁)
÷
Real GDPₜ₋₁ × 100
A positive rate indicates economic expansion, while a negative rate indicates contraction. Real GDP growth is preferred for growth comparisons because it adjusts for price changes.
12. Methodology and Data Sources
Primary Source:
International Monetary Fund (IMF)
Additional Source:
World Bank
Measure:
Annual percentage change in real GDP
Unit:
Percent (%)
Comparisons:
Year-to-year rate differences are shown in percentage points (pp)
Update Frequency:
Annually and when new forecasts are released
Last Updated:
November 2026
13. Monaco GDP Growth Rate FAQs
Monaco GDP growth rate is estimated at +5.0% in 2026.
Monaco ranks #27 globally and #1 in Europe by annual GDP growth rate.
The economy is expanding, with real GDP growth of approximately +5.0% in 2026.
Monaco GDP growth rate was +4.9% in 2015.
Monaco GDP growth rate is 3.2 percentage points above the Europe average.
15. Explore GDP Growth Rate
Disclaimer:
All data are estimates based on IMF, World Bank,
United Nations and related economic datasets.
Figures may differ from official national statistics.