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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Philip Culazzo puts a little zest into Monaco
More than 150 years ago, before the urbanisation of the Principality, ninety percent of its land, which in those days included Roquebrune and Menton, was used for agricultural development and farmers...
Monaco tops wealth table
Monaco is easily the world’s wealthiest country per capita, followed by Liechtenstein and Luxembourg, according to a report by research firm New World Wealth. The average private wealth per person...
Monaco most expensive on all counts
The Financial Times has taken another look at the top-end of the international housing market, and once again Monaco merits more than a mention. While Christies International Real Estate defines a...
French recovery continues to surprise
France’s business activity was far above predictions in February, reaching close to a six-year high just two months before presidential elections. Services were particularly strong, according to...
MEB offers mission places to non-members
Monaco’s chamber of commerce, the Monaco Economic Board, has issued an invitation to Monaco-registered companies to take part in two upcoming economic missions. At the very beginning of May, from...
Monaco home values set new record
Home values in the Principality rose to a record €41,420 per square metre last year after increasing 15 percent since 2015, according to the Government’s statistics office. The strong year...
