IMSEE has reported Monaco’s GDP for 2016 amounted to €5.85 billion against €5.64 billion in 2015, a growth of 3.2 percent. Although the pace of growth in the Principality has slowed down, it still exceeds that of world GDP (plus 2.4 percent) and the European Union (plus 1.9 percent). Monaco’s economy grew by 4.9 percent in 2015, by 7.2 percent in 2014, and 9.6 percent in 2013. In the aftermath of the global economic crisis, Monaco’s GDP fell by 11.4 percent in 2009. The three most important economic sectors of the … Continue reading Monaco growth stays ahead of the pack