However, there was an 18% increase in real estate GDP between the years 2013 and 2015.For the first time since 2012, retail GDP is down (-6.2 %). 52 2 minutes read. All the GDP components, except for subventions, contributed positively to the result.In late 2015 private employment showed a slight downturn. Monaco’s Gross Domestic Product: A Report. Monaco's GDP for 2018 crossed the EUR 6 billion mark for the first time to reach EUR 6.09 billion, compared with EUR 5.69 billion in 2017. Source: Monaco Statistics GDP indicators. 17 November , 2016. Source: Monaco Statistics Technical Activities, Administrative and Support Service Activities. GDP recorded an increase of 5.4% by volume, corrected for inflation. Source: Monaco Statistics This corresponds to the share of annually created wealth which is redistributed in the form of salaries and social security contributions.After four consecutive years of growth, the gross operating surplus generated by companies fell (-9.5% in nominal terms). Between 2011 and 2012, GDP in this sector decreased by -0.2%. Gross Domestic Product. Source: Monaco Statistics www.pixabay.com Monaco’s GDP was 5.64 billion euros in 2015, compared with 5.32 billion in 2014. Graph and download economic data for Gross Domestic Product Per Capita for Monaco (PCAGDPMCA646NWDB) from 1970 to 2018 about Monaco, per capita, and GDP. This page provides forecast and historical data, charts, statistics, news and updates for Monaco Nominal Gross Domestic Product. They show an increase of +5.7 % and +0.7 % respectively.Construction shows exceptional growth (+73 %). Despite good results from the automobile sector, this was unable to limit a decline in traditional trade.The industry also showed a positive trend (+6.8 %), but remains below the 2013 results, which is a result of a single player’s exceptional activities. VAT on property and transfer duties in particular declined, while other taxes rose.The amount of subsidies increased substantially (+16.1%), primarily due to the creation of the Dependency Fund and money allocated to the energy transition. Starting from now, there will be no impact from regulatory changes regarding the reversal of VAT liability in the energy sector.Monaco’s Growing Population has a High Life ExpectancyMonaco Punches Well Above Its Weight In The World: Just Look At The NumbersMonaco: Top Millionaire and Billionaire Hub of the WorldQuality of Life and Wealth Management Fuel a Constant Flow of Millionaires to MonacoFiscal and budget performance in 2016: MONACO’S BUDGET HAS INCREASED BY 2.1%THE 2016 DEMOGRAPHIC REPORT OF MONACO: WEDDINGS IN JUNE, FUNERALS IN DECEMBERWe use cookies to ensure that we give you the best experience on our website.
The GDP of financial and insurance activities rose by 7.7%, exceeding EUR 1 billion for the first time.Despite the decline in GDP, employment continued to increase during 2017, in both the public and private sectors, with an additional 1,853 employees (+3.5%) recorded in December. Monaco's GDP for 2018 crossed the EUR 6 billion mark for the first time to reach Following a slowdown in the pace of growth in Monaco (from +9.6% in 2013 to +3.5% in 2016 and -3.4% in 2017), GDP recovered in 2018.In 2017, these two sectors faltered and even experienced a slight decline.