Monaco's gross Value Added (GVA) at basic prices (current US$) was US$11.13 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 57.36% from US$7.07 billion in 2014 (4.64% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$11.13 billion | 2024 |
| Five years earlier | US$7.38 billion | 2019 |
| Ten years earlier | US$7.07 billion | 2014 |
| Highest | US$11.13 billion | 2024 |
| Lowest | US$5.37 billion | 2010 |
| Average since 2015 | US$7.9 billion | 2015–2024 |
| First recorded | US$5.37 billion |
What the numbers say
In 2024, Monaco's gross Value Added (GVA) at basic prices (current US$) rose 11.2% on 2023 (from US$10 billion to US$11.13 billion).
Across the 13 yearly changes before that (2011 to 2023), the average change was +5.4% and a typical year strayed about 10.9% from that (the standard deviation). This year's change was 0.5 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 28.1% in 2021 and the biggest yearly fall was 11.4% in 2015. 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 US$509.05 million a year. A straight line explains 85% 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 15th highest value of the 30 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.
| Value | Year | |
|---|---|---|
| Monaco | US$11.13 billion | 2024 |
| World | US$97.78 trillion | 2024 |
| Europe & Central Asia | US$29.1 trillion | 2025 |
| High income | US$58.99 trillion | 2021 |
Closest to Monaco in the 2024 ranking
- Bahamas, The — 11th of 30: US$13.83 billion
- West Bank and Gaza — 12th of 30: US$13.13 billion
- Tajikistan — 13th of 30: US$13.08 billion
- Lebanon — 15th of 30: US$10.23 billion
- Bermuda — 16th of 30: US$8.86 billion
- Cayman Islands — 17th of 30: US$7.35 billion
What this measures
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Regional and income-group figures are computed by the World Bank as a gap-filled total.
All 15 values
| Year | Gross Value Added (GVA) at basic prices (current US$) |
|---|---|
| 2024 | 11,125,788,838 |
| 2023 | 10,003,789,214 |
| 2022 | 8,800,643,383 |
| 2021 | 8,623,477,875 |
| 2020 | 6,730,733,231 |
| 2019 | 7,383,494,129 |
| 2018 | 7,184,336,760 |
| 2017 | 6,430,145,256 |
| 2016 | 6,471,509,049 |
| 2015 | 6,264,753,586 |
Gross Value Added (GVA) at basic prices (current US$) in nearby economies
- Albania — US$26.37 billion (2025)
- Andorra — US$4.1 billion (2025)
- Armenia — US$26.13 billion (2025)
- Austria — US$517.41 billion (2025)
- Azerbaijan — US$68.64 billion (2025)
- Belarus — US$82.62 billion (2025)
- Belgium — US$657.05 billion (2025)
- Bosnia and Herzegovina — US$27.25 billion (2025)
- Bulgaria — US$113.77 billion (2025)
More economic policy & debt data for Monaco
- GDP (current US$) — 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$247,170 (2024)
- GDP per capita (constant LCU) — 237,372 (2024)
- GDP (annual % growth) — 8.51% (2024)
- GDP per capita (annual % growth) — 9.42% (2024)
- Adjusted savings, education expenditure (% of GNI)
Reading data like this
Questions people ask
- What is Monaco's gross Value Added (GVA) at basic prices (current US$)?
- US$11.13 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2010?
- It is up 107.28% from US$5.37 billion in 2010 (5.34% a year on average, compounded). The highest value was US$11.13 billion in 2024 and the lowest US$5.37 billion in 2010.
- How does Monaco rank?
- 15th highest of 30 economies with data for 2024.
- Is the latest change in gross Value Added (GVA) at basic prices (current US$) unusual for Monaco?
- In 2024, Monaco's gross Value Added (GVA) at basic prices (current US$) rose 11.2% on 2023 (from US$10 billion to US$11.13 billion). Across the 13 yearly changes before that (2011 to 2023), the average change was +5.4% and a typical year strayed about 10.9% from that (the standard deviation). This year's change was 0.5 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.FCST.CD, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; Staff estimates, World Bank (WB) 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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