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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Millennials driving sustainable investing
New research from Barclays Private Bank shows that the younger members of wealthy families are pushing ESG investing, acting as a common ground for the different generations.
Shop re-openings for Christmas far from certain
Despite the current lockdown showing some positive results, French Industry Minister Agnes Pannier-Runacher says a blanket re-opening of stores in time for the holiday rush is not a foregone...
MEB’s e-mission to Russia
The Monaco Economic Board hosted its first ever economic e-mission with Russian entrepreneurs this month, paving the way for future business opportunities with the country.
"Regulation is not the enemy of business"
Close to 100 key economic players were reminded of Monaco’s strict rules on money laundering and the financing of terrorism and corruption at a recent high-level meeting.
Strong GDP growth
Monaco’s GDP saw a rise in 2019 to €6.63 billion compared to €6.09 billion the previous year, exhibiting a strong 7.5% growth in volume, adjusted for inflation.
2021 budget goes into the red
For the first time since 2015, Monaco’s budget will be in deficit to the tune of €114.5 million. However, spending will continue in key areas in the Principality.
