GDP (current LCU), annual growth rate in Monaco
Monaco: GDP (current LCU), annual growth rate was 10.61 % change on previous year in 2023. ◆ Volatile
GDP (current LCU), annual growth rate in Monaco, 1971–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2023, gdp (current lcu), annual growth rate in Monaco stood at 10.61 % change on previous year.
Compared with earlier readings it is down 27.4% on the previous year and up 1.8% over ten years.
Over the whole period, gdp (current lcu), annual growth rate in Monaco peaked at 23.73 % change on previous year in 2021 and was at its lowest, -11.23 % change on previous year, in 2009.
Monaco ranks 60th of 211 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
GDP (current LCU), annual growth rate in Monaco, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 11.52 % change on previous year | — |
| 1972 | 11.81 % change on previous year | +2.5% |
| 1973 | 14.83 % change on previous year | +25.5% |
| 1974 | 16.35 % change on previous year | +10.2% |
| 1975 | 12.55 % change on previous year | -23.2% |
| 1976 | 15.69 % change on previous year | +25.0% |
| 1977 | 12.67 % change on previous year | -19.2% |
| 1978 | 13.48 % change on previous year | +6.5% |
| 1979 | 13.99 % change on previous year | +3.7% |
| 1980 | 13.14 % change on previous year | -6.1% |
| 1981 | 12.47 % change on previous year | -5.1% |
| 1982 | 14.71 % change on previous year | +18.0% |
| 1983 | 10.83 % change on previous year | -26.4% |
| 1984 | 8.87 % change on previous year | -18.1% |
| 1985 | 7.33 % change on previous year | -17.4% |
| 1986 | 7.86 % change on previous year | +7.2% |
| 1987 | 5.33 % change on previous year | -32.2% |
| 1988 | 7.82 % change on previous year | +46.6% |
| 1989 | 7.61 % change on previous year | -2.7% |
| 1990 | 5.36 % change on previous year | -29.6% |
| 1991 | 3.58 % change on previous year | -33.1% |
| 1992 | 3.53 % change on previous year | -1.5% |
| 1993 | 0.6247 % change on previous year | -82.3% |
| 1994 | 3.59 % change on previous year | +474.7% |
| 1995 | 3.45 % change on previous year | -3.8% |
| 1996 | 2.73 % change on previous year | -20.8% |
| 1997 | 3.27 % change on previous year | +19.8% |
| 1998 | 4.44 % change on previous year | +35.5% |
| 1999 | 3.35 % change on previous year | -24.5% |
| 2000 | 5.36 % change on previous year | +60.1% |
| 2001 | 3.87 % change on previous year | -27.8% |
| 2002 | 3.43 % change on previous year | -11.4% |
| 2003 | 2.99 % change on previous year | -12.9% |
| 2004 | 2.22 % change on previous year | -25.6% |
| 2005 | 3.97 % change on previous year | +78.5% |
| 2006 | 8.09 % change on previous year | +103.8% |
| 2007 | 17.36 % change on previous year | +114.6% |
| 2008 | 3.13 % change on previous year | -82.0% |
| 2009 | -11.23 % change on previous year | -459.1% |
| 2010 | 3.16 % change on previous year | -128.1% |
| 2011 | 8.04 % change on previous year | +154.6% |
| 2012 | 2.19 % change on previous year | -72.8% |
| 2013 | 10.43 % change on previous year | +377.2% |
| 2014 | 7.82 % change on previous year | -25.1% |
| 2015 | 6.1 % change on previous year | -22.0% |
| 2016 | 3.54 % change on previous year | -42.0% |
| 2017 | -2.64 % change on previous year | -174.5% |
| 2018 | 6.88 % change on previous year | -360.7% |
| 2019 | 8.42 % change on previous year | +22.4% |
| 2020 | -10.65 % change on previous year | -226.6% |
| 2021 | 23.73 % change on previous year | -322.7% |
| 2022 | 14.62 % change on previous year | -38.4% |
| 2023 | 10.61 % change on previous year | -27.4% |
Monaco compared with similar countries
- Monaco's 10.61 % change on previous year is above the median for high income countries, which is 5.96 % change on previous year, 1.8× the median. (82 countries reporting)
- Monaco's 10.61 % change on previous year is above the median for Europe & Central Asia, which is 6.26 % change on previous year, 1.7× the median. (55 countries reporting)
Biggest year-on-year movements
Years where GDP (current LCU), annual growth rate in Monaco changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1994 | +474.7% | 0.6247 % change on previous year | 3.59 % change on previous year |
| 2009 | -459.1% | 3.13 % change on previous year | -11.23 % change on previous year |
| 2013 | +377.2% | 2.19 % change on previous year | 10.43 % change on previous year |
| 2018 | +360.7% | -2.64 % change on previous year | 6.88 % change on previous year |
| 2021 | +322.7% | -10.65 % change on previous year | 23.73 % change on previous year |
| 2020 | -226.6% | 8.42 % change on previous year | -10.65 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 13.65 % change on previous year | 11.52 % change on previous year | 16.35 % change on previous year | 9 |
| 1980s | 9.6 % change on previous year | 5.33 % change on previous year | 14.71 % change on previous year | 10 |
| 1990s | 3.39 % change on previous year | 0.6247 % change on previous year | 5.36 % change on previous year | 10 |
| 2000s | 3.92 % change on previous year | -11.23 % change on previous year | 17.36 % change on previous year | 10 |
| 2010s | 5.39 % change on previous year | -2.64 % change on previous year | 10.43 % change on previous year | 10 |
| 2020s | 9.58 % change on previous year | -10.65 % change on previous year | 23.73 % change on previous year | 4 |
Countries ranked near Monaco
More population data for Monaco
- Population regions with projections, annual growth rate 0.6461 % change on previous year (2100)
- Population long run with projections, annual growth rate 0.6461 % change on previous year (2100)
- Un population 2024 vs 2022, annual growth rate 0.5514 % change on previous year (2100)
- Africa's Development Dynamics (AfDD) Table 05 - Demographic estimates 37.66 Persons (2050)
- Africa's Development Dynamics (AfDD) Table 03 - Annual population 0 Percent per annum (2030)
- Projected population under age 5, annual growth rate 0.2752 % change on previous year (2100)
- World population growth 0.6% (2100)
- Population density 22,797 people per km² (2100)
- Number of children under 5, by world region 2,551 people (2100)
- Population growth rate, by level of development 0.6% (2100)
Frequently asked questions
- What is gdp (current lcu), annual growth rate in Monaco?
- Gdp (current lcu), annual growth rate in Monaco was 10.61 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest gdp (current lcu), annual growth rate recorded in Monaco?
- The highest recorded value was 23.73 % change on previous year in 2021.
- What is the lowest gdp (current lcu), annual growth rate recorded in Monaco?
- The lowest recorded value was -11.23 % change on previous year in 2009.
- How does Monaco rank for gdp (current lcu), annual growth rate?
- Monaco ranks 60th out of 211 countries with data for 2023.
- Is gdp (current lcu), annual growth rate rising or falling in Monaco?
- Over the last ten years it is up 1.8%. The long-run trend across the full record is volatile.
- Where does this Monaco data come from?
- The figures come from Statizoid (derived), published as part of GDP (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 53 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in GDP (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- GDP UNESCO Institute for Statistics
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in GDP (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.