More than 3,000 jobs were created in Monaco in 2024 – a remarkable figure for a territory smaller than London’s Hyde Park. But what’s really behind this burst of economic energy?

According to the newly released ‘Monaco in Figures 2025’ report by IMSEE, the Principality ended the year with a record 78,364 active jobs – up 4.8% on 2023. It’s an impressive figure that reveals not only the scale of local employment growth, but also the driving forces reshaping Monaco’s economy.

Building up and branching out

One major player in the job boom? Construction. With cranes continuing to punctuate the skyline, this sector remains one of Monaco’s largest employers. Dozens of developments – from residential blocks to major infrastructure upgrades – kept builders, planners and engineers in high demand throughout the year.

But construction wasn’t alone. Scientific and technical activities – a broad category that includes legal, consultancy, and engineering services – saw one of the strongest upticks in employment, growing by 6.3%. This reflects Monaco’s growing reputation as a magnet for high-level professionals in finance, tech and innovation.

The rise of the solo economy

While salaried employees still make up the bulk of the workforce – 65,680 in total – the number of self-employed workers continues to climb, reaching 6,092 by the end of 2024. From wellness consultants to interior designers, Monaco’s independent professionals are helping shape a more diverse and flexible local economy.

These trends point to a shift not only in how people work, but in what Monaco’s economy is becoming: a place where luxury and tradition coexist with innovation and entrepreneurship.

A small territory with a mighty workforce

In a place with fewer than 40,000 residents, the creation of more than 3,000 new jobs in just one year is striking. It suggests strong investor confidence, an expanding service sector, and a government policy environment that continues to attract both businesses and skilled workers.

This job surge also reflects the Principality’s resilience – a key trait in uncertain economic times. With its strategic blend of long-term planning and business-friendly reforms, Monaco is not just weathering global headwinds. It’s thriving.

See also: 

2024 in Monaco: fewer cars, more jobs, and the quiet economic evolution

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Photo credit: Cassandra Tanti, Monaco Life