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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Record levels for retail in 2019
Before the Covid crisis hit, Monaco had a booming retail trade with turnover reaching €1.7 billion - its highest level ever - representing 11.5% of the country’s overall turnover.
New yachting industry book for owners, professionals
Marcela de Kern Roya, founder of Onboard and YPY Monaco, has released the first ever textbook written about the superyacht industry.
Fighting against fraud
French and Monegasque financial intelligence agencies have met in Paris to discuss the latest international large-scale scams cropping up as a result of the Covid epidemic.
Grimaldi Forum inaugurates new terrace
The Grimaldi Forum has inaugurated its new Ravel Terrace, giving extra room to visitors in a beautiful open air setting and sea views that can’t be beat.
Boosting remote opportunities for Italian workers
Remote working for cross-border employees was the hot topic of discussion between the Monaco government and Italy’s new Ambassador in Monaco Giulio Alaimo this week.
Green light to chase casino debt
The National Council has passed a long-awaited bill allowing the SBM to chase bad debts incurred at its casinos – a move which could already put millions back into its coffers.
