Business & Finance
Monaco’s GDP doubles in a decade: which industries are fuelling the Principality’s growth?
Monaco’s economy has almost doubled in size over the past decade, with GDP soaring from €4.94 billion in 2013 to €9.24 billion in 2023, according to the latest IMSEE data. This rapid growth, in stark contrast to slower recoveries across Europe, positions the Principality as an economic powerhouse driven by high-value industries.
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Tourism takes another hit during festive season
The festive season in Monaco was “not catastrophic”, according to Guy Antognelli, the Principality’s Director of Tourism, but it was not “as good as had been hoped for”.
How Monaco supports the world’s poorest countries
Monaco’s financial assistance to developing countries and those in need packs a big punch for a small nation. Within a decade, it doubled its international contribution to €22 million a year.
Mandatory work from home until at least end of January
As the Christmas holiday draws to a close, the government has announced it is reintroducing an order for employees to work from home, effective immediately, to limit the spread of Covid-19.
New gin named for “Explorer Prince” Albert I
Monaco Gin, a local distiller offering its first premium gin, has created a beverage named after the iconic Monegasque leader and environmentalist, Prince Albert I.
Monaco restates commitment to refugees
The Global Compact on Refugees turned two this year and Monaco joined other signatories to review strategies and plans for the future in aid of displaced persons and host countries around the world.
Minister of State “doing well” after testing positive for Covid
Monaco’s Minister of State Pierre Dartout and several members of his family have tested positive for Covid-19 after returning from vacation in the Alps.
