Monaco's GDP, linked series (current LCU) was 10.28 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 93.15% from 5.32 billion in 2014 (6.8% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 10.28 billion | 2024 |
| Five years earlier | 6.6 billion | 2019 |
| Ten years earlier | 5.32 billion | 2014 |
| Highest | 10.28 billion | 2024 |
| Lowest | 2.06 billion | 1990 |
| Average since 2015 | 7.09 billion | 2015–2024 |
| First recorded | 2.06 billion |
What the numbers say
In 2024, Monaco's GDP, linked series (current LCU) rose 11.1% on 2023 (from 9.25 billion to 10.28 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +5.1% and a typical year strayed about 6.7% from that (the standard deviation). This year's change was 0.9 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 23.7% in 2021 and the biggest yearly fall was 11.2% in 2009. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is upward, about 495.62 million a year. A straight line explains 82% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Monaco had the 8th highest value of the 13 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Monaco in the 2024 ranking
- French Polynesia — 5th of 13: 697.55 billion
- Faroe Islands — 6th of 13: 27.94 billion
- Bahamas, The — 7th of 13: 15.83 billion
- Bermuda — 9th of 13: 9.19 billion
- Aruba — 10th of 13: 7.46 billion
- Cayman Islands — 11th of 13: 6.47 billion
What this measures
Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 35 values
| Year | GDP, linked series (current LCU) |
|---|---|
| 2024 | 10,279,000,000 |
| 2023 | 9,252,000,000 |
| 2022 | 8,357,100,000 |
| 2021 | 7,290,900,000 |
| 2020 | 5,892,800,000 |
| 2019 | 6,595,500,000 |
| 2018 | 6,083,500,000 |
| 2017 | 5,692,100,000 |
| 2016 | 5,846,300,000 |
| 2015 | 5,646,400,000 |
| 2014 |
GDP, linked series (current LCU) in nearby economies
- Albania — 2.65 trillion (2025)
- Andorra — 3.98 billion (2025)
- Armenia — 11.32 trillion (2025)
- Austria — 512.81 billion (2025)
- Azerbaijan — 129.09 billion (2025)
- Belarus — 286.65 billion (2025)
- Belgium — 642.02 billion (2025)
- Bosnia and Herzegovina — 56.55 billion (2025)
- Bulgaria — 116.02 billion (2025)
- Channel Islands — 10.06 billion (2023)
- Croatia
More economic policy & debt data for Monaco
- GDP (current US$) — US$11.13 billion (2024)
- GDP (current LCU) — 10.28 billion (2024)
- GDP (constant 2015 US$) — US$9.55 billion (2024)
- GDP (constant LCU) — 9.17 billion (2024)
- GDP per capita (current US$) — US$288,002 (2024)
- GDP per capita (current LCU) — 266,082 (2024)
- GDP per capita (constant 2015 US$) — US$247,170 (2024)
- GDP per capita (constant LCU) — 237,372 (2024)
- GDP (annual % growth) — 8.51% (2024)
- GDP per capita (annual % growth) — 9.42% (2024)
- Adjusted savings, education expenditure (% of GNI)
Reading data like this
Questions people ask
- What is Monaco's GDP, linked series (current LCU)?
- 10.28 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1990?
- It is up 399.03% from 2.06 billion in 1990 (4.84% a year on average, compounded). The highest value was 10.28 billion in 2024 and the lowest 2.06 billion in 1990.
- How does Monaco rank?
- 8th highest of 13 economies with data for 2024.
- Is the latest change in GDP, linked series (current LCU) unusual for Monaco?
- In 2024, Monaco's GDP, linked series (current LCU) rose 11.1% on 2023 (from 9.25 billion to 10.28 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +5.1% and a typical year strayed about 6.7% from that (the standard deviation). This year's change was 0.9 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NY.GDP.MKTP.CN.AD, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); National Accounts data files, Organisation for Economic Co-operation and Development (OECD); World Economic Outlook database, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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