Monaco’s yachting industry generated nearly €660 million in revenue in 2025, growing almost five times faster than the Principality’s wider economy over three years. New figures from Monaco’s statistics institute reveal a sector expanding in both the number of businesses and jobs, with yacht brokers accounting for more than half its turnover.

The latest Maritime Economy and Yachting report, published in October by the Institut Monégasque de la Statistique et des Études Économiques (IMSEE), shows that Monaco’s yachting industry generated €659.7 million in turnover in 2025, an increase of €92.6 million, or 16.3%, compared with 2022.

Over the same period, turnover across the Principality’s economy grew by just 3.6%, making yachting one of the more dynamic areas of Monaco’s business landscape.

The industry also welcomed 64 additional establishments, bringing the total to 475, a rise of 15.6% since 2022. Yachting businesses now represent 3.8% of all establishments in Monaco.

Yacht brokers dominate the industry

The figures underline the importance of yacht brokerage to Monaco’s maritime economy. Of the 475 establishments operating in yachting, 222 are classified under wholesale trade, including 212 businesses involved in yacht brokerage. These intermediaries generated €343.1 million in turnover in 2025, accounting for more than half of all yachting revenue. Their turnover increased by €53.8 million compared with 2022, making them the principal driver of the industry’s growth.

The wider wholesale trade category generated €361 million, up 16.7% over the three-year period.

Other important contributors included maritime passenger transport, which generated €55.5 million, transport support activities at €44.7 million, and auxiliary water transport services at €34 million.

Design and technical services record strong growth

Beyond yacht sales, Monaco’s specialist maritime services are also expanding. Businesses operating in scientific, technical and specialised activities, including yacht design, engineering and business consultancy, recorded a 40.6% increase in turnover between 2022 and 2025, reaching €73.8 million.

The number of establishments in this category grew by 31.2%, from 77 to 101, the largest numerical increase of any major yachting business category. It shows the importance of the wider professional services network supporting Monaco’s yachting industry, extending well beyond yacht sales and charter operations.

Nearly 1,500 jobs supported by yachting

The industry employed 1,495 people in the private sector at the end of 2025, an increase of 4.6% compared with 2022. Wholesale trade was the largest employer, accounting for 527 jobs, including 510 in yacht brokerage. Employment in the category increased by 21.3% over the period.

Arts, sports and recreational activities accounted for another 312 jobs, followed by transport and storage with 269.

However, employment growth was not uniform. Transport and storage lost 66 jobs, a decline of 19.6%, which IMSEE attributes to a single establishment operating in transport support services.

Despite the industry’s substantial turnover, most yachting businesses remain small. Almost 70% have no salaried employees, while just 12.4% employ more than five people.

Monaco’s wider maritime economy reaches €1.7 billion

The report also examines the broader maritime economy, which includes yachting alongside commercial maritime activities, marine engineering, vessel maintenance, maritime transport and other sea-related services.

In 2025, this wider sector comprised 734 establishments, supported 3,316 jobs and generated €1.655 billion in turnover.

The number of maritime establishments increased by 15.6% compared with 2022, with 99 additional businesses operating in the sector. Employment also rose, although more modestly, by 1.5%.

Overall maritime turnover declined by 7.3% over the three-year period. However, IMSEE attributes the entire decrease to a single wholesale trade operator, rather than a general contraction across the industry.

Yachting accounted for nearly 40% of maritime turnover, 45.1% of its jobs and almost two-thirds of its establishments in 2025.

The latest figures demonstrate the considerable economic weight of yachting in Monaco, with growth driven particularly by yacht brokerage, specialist technical services and an expanding network of businesses supporting the international superyacht industry.

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Photo by Cassandra Tanti