Weather
Monaco, MC
few clouds
13.6 ° C
16 °
8.9 °
54%
4.6kmh
20%
Mon
15 °
Tue
13 °
Wed
12 °
Thu
12 °
Fri
15 °
Breaking News

Transport disruptions expected to continue as union strikes roll on throughout France

IMSEE publishes annual GDP report

IMSEE publishes annual GDP report

By Staff Writer - November 13, 2016

GDP 2015
In its annual report on Monaco’s economy, the Monegasque Institute of Statistics and Economic Studies (IMSEE) has again reported significant GDP (in French, PIB or produit intérieur brut) growth for 2015.

Internationally, last year was still marked by disappointing economic growth below initial expectations, by a fall in international trade, by the maintenance of extremely accommodative monetary policies, and by the continuation of the decline of price of oil.

Growth remained low, particularly in the euro area (+1.7%). However, the Monegasque economy in 2015 stands out for its results.

Monegasque GDP for the year 2015 amounts to €5.64 billion against €5.32 billion in 2014, a growth of + 5.4%.

IMSEE pointed out that sectoral economic performances show great disparities. The two most important economic sectors of the Principality, in terms of GDP, are Financial and Insurance Activities and Scientific and Technical Activities, Administrative and Support Services.

In 2015, GDP per employee was €108,611, up by + 5.9% over 2014.

Sign up for IMSEE’s free newsletter at imsee.mc

READ MORE: IMSEE Director, Lionel Galfré: not just another statistic

 

 

shares
SHARE
Previous articleMawoma makes music at Yacht Club
Next articleExclusive: Minister of Finance talks tax transparency

daily

December 6, 2019 | Business & Finance

Monaco hosts World Top Model final

Cassandra Tanti

For the first time, Monte Carlo will play host to the World Top Model final, set to take place on 14th December at the Fairmont Hotel.

0
December 5, 2019 | Business & Finance

Major step forward for gay rights in Monaco

Cassandra Tanti

Same sex couples in Monaco will be able to benefit from a host of legal rights afforded to married couples and their children, under a new Free Union law that has just been passed by the National Council. After reading a very detailed report by Pierre Van Klaveren on bill 974 and the civil contracts of […]

0
Cassandra Tanti

Princess Charlene of Monaco has shared what life is like raising her strong-willed twins in a new interview published recently. The South African born Princess also revealed that her husband, Prince Albert, is a “fun” father who personally takes his kids to school every day.

0
Stephanie Horsman

Monaco’s National Day, celebrated on Tuesday, was filled with all wonderful pomp and ceremony the people of the Principality have come to expect, but this year, the crowds had even more. Everyone was positively enchanted by the nearly five-year old princely twins, who adorably made the day. National Day, held every 19th November, is about […]

0