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Monaco's economy is now primarily geared toward finance, services, and real estate. Modern times [ edit ] Low taxes have drawn many foreign individuals to Monaco and account for around 75% of the $7.78 billion annual GDP income in (2021).
The country's economy rebounded strongly in 2021, when the growth rate reached an unprecedented 21.6% (in volume, adjusted for inflation), with GDP surpassing the 2019 level by 5.9%. In 2022, the GDP of the Principality of Monaco reached EUR 8.34 billion.
Since 2013, Monaco's GDP has grown by almost 50%, compared to around 10% in France and 27% worldwide. Because of the method used in Monaco to define GDP as an indicator of income, it is divided into four components: Earning before interest, taxes, depreciation and amortisation (EBITDA) can be defined as the "remuneration" (productive income) of ...
The Economy. Analysis and Statistics. GDP 2022: sustained growth after the 2021 recovery. 10 November 2023 Press release. After a strong economic recovery in 2021, Monaco stands out again with double-digit growth. This is revealed in the report on the Principality’s Gross Domestic Product (GDP) for the year 2022, publ... Read more.
Nov 11, 2023 · Monaco’s GDP for 2022 recorded a notable increase, reaching €8.34 billion, up from €7.29 billion in 2021. Adjusted for inflation, this signifies an 11.1% surge compared to the previous year, building on the substantial 21.9% growth witnessed in 2021.
Economy Bulletin. 21 September 2020 Thematic Content. The major indicators of the Monegasque economy all remain at high levels, despite varying trends.
The major indicators of the Monegasque economy all remain at high levels, despite varying trends.In addition, and to make them easier to read, the main quarterly results are now presented in the form ofan infographic. To find o... Read more. 12 June 2024 News flash. Barometer – Manufacturing industry : April 2024.
