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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Government lays out latest recovery plan
Monaco will extend its financial support for businesses most affected by the Covid crisis as part of a new four-point plan to revive the local economy.
Monaco Yacht Show 2020 cancelled
Despite its best efforts to push ahead, organisers have been forced to cancel this year’s Monaco Yacht Show, the most prestigious event on the global yachting calendar.
Development dispute doesn’t end well for Monaco
The State of Monaco has been ordered by the Supreme Court to pay Caroli Immo €137 million plus interest over the abandoned Esplanade des Pêcheurs project.
Disappointing – but unsurprising – first quarter of 2020
The overall economic performance of Monaco was down significantly in the first quarter of this year as the Principality grappled with the effects of the Covid-19 crisis. The only sectors to buck the...
Wholesale Trade numbers top €4.5 billion
The wholesale trade sector achieved an astonishing turnover of more than €4.5 billion in the Principality in 2019, according to the latest report from IMSEE.
Government extends financial aid
The Prince's Government has taken new steps to support businesses in Monaco affected by the Covid-19 crisis and to help save jobs.
