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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Construction worth €2 billion to Monaco
The Large Construction Sector (GSA) generated 13.1% of Monaco’s revenue last year, making it the third largest sector in terms of turnover and the fourth largest employer.
Starting a business during the Covid-19 crisis
Acclaimed entrepreneur James Caan CBE reveals the three questions you should ask yourself before you part with your cash to start a business in the current climate.
SBM continues upwards trend in 2019-20 fiscal report
SBM revenue was up 18% last financial year, placing it in a strong position to battle repercussions of the Covid-19 crisis.
Property sales over €10m increase by 64%
The number of high-value property sales – those over €10 million - more than doubled in 2019
Interview: MYS Director Gaëlle Tallarida
Monaco Life spoke to MYS Director Gaëlle Tallarida about organising this year's event amid an unprecedented environment of uncertainty.
FEDEM stands alone
Reactions to FEDEM’s request to annul a bill protecting employees from dismissal during the health crisis have come swift and hard from trade unions, the National Council and the Prince’s...
