{"id":285594,"date":"2025-04-09T12:50:50","date_gmt":"2025-04-09T10:50:50","guid":{"rendered":"https:\/\/www.monaco-tribune.com\/2025\/04\/1100-digital-businesses-in-monaco-in-2024\/"},"modified":"2025-04-09T12:55:44","modified_gmt":"2025-04-09T10:55:44","slug":"1100-digital-businesses-in-monaco-in-2024","status":"publish","type":"post","link":"https:\/\/www.monaco-tribune.com\/en\/2025\/04\/1100-digital-businesses-in-monaco-in-2024\/","title":{"rendered":"1,100 digital businesses in Monaco in 2024"},"content":{"rendered":"\n

The digital sector is continuing to grow in Monaco. The barrier of 1,100 active businesses was broken through for the first time.<\/strong><\/p>\n\n

According to Monaco Statistics’<\/a> latest data, the Principality boasts 1,103 businesses in the digital industry<\/a> in 2024, compared with 1,050 in 2023, an increase of 5% year on year.<\/p>\n\n

Looking back over ten years, that growth represents 64.4%, with 432 additional businesses, raising the digital sector’s share to 9.2% of all Monegasque business entities, compared with 7.9% in 2015.<\/p>\n\n

Advertising and ICT as driving forces<\/h2>\n\n

Almost half of the digital companies in Monaco (49%) are in the Advertising – Communication sector, with a strong showing for design activities (22.5%) and advertising agencies (14.2%). Information and Communication Technology (ICT) comes second with 38.9% of businesses, dominated by IT systems and software consultancy (13.9%) and programming (10.3%). Digital content and media account for 12% of companies.<\/p>\n\n

In 2024, 115 new businesses were created in the digital sector and 62 were deregistered, providing a positive balance of 53 entities (versus 63 in 2023).<\/p>\n\n

The trend is driven by Advertising – Communication (+23 entities) and ICT (+20).<\/p>\n\n

Modest turnover growth<\/h2>\n\n

Overall turnover for the digital sector reached \u20ac976.5 million in 2024, a slight increase (0.7%) over 2023.<\/p>\n\n

There are however major disparities between sub-sectors. ICTs fared particularly well, with growth of 6.2% (+\u20ac37m), and now account for almost two-thirds of total digital turnover (\u20ac637.6m). In contrast, Content and Media were down by 8.7% (-\u20ac19.5m) and Advertising and Communications by 7.4% (-\u20ac10.5m).<\/p>\n\n

The digital sector’s share of the overall economy (excluding the financial and insurance sectors) remained stable over the year, but there has been a downward trend since 2017, falling from 6.8% to 4.7% in 2024.<\/p>\n\n

Real estate: one in two properties sold for over \u20ac22m in Monaco<\/a><\/p>\n\n

Employment down slightly<\/h2>\n\n

While overall employment in the Principality’s private sector rose by 3.6%, the digital industry showed a 2% drop, with 2,040 employees in 2024.<\/p>\n\n

This is mainly explained by Advertising and Communication, with 40 fewer jobs (-13.5%). With 1,478 employees, ICT remains the sector’s largest employer.<\/p>\n\n

The typical digital employee in Monaco is a 41-year-old French male who lives in the Alpes-Maritimes. The sector is still predominantly male (71.2% compared with 62.1% in the private sector as a whole), although parity is better in Advertising and Communications.<\/p>\n\n

Of note,\u00a0 9 out of 10 employees live in France (73.9% in the Alpes-Maritimes), while Monegasques<\/a> account for only 9% of the workforce.<\/p>\n\n

The most prevalent nationalities are French (83%), followed by Italians (5.2%) and Monegasques (1.5%).<\/p>\n\n

Monaco in figures: Census 2024 reveals international microcosm \n<\/a><\/p>\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

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