{"id":324890,"date":"2025-11-14T16:20:13","date_gmt":"2025-11-14T14:20:13","guid":{"rendered":"https:\/\/www.monaco-tribune.com\/2025\/11\/monacos-gdp-surpasses-e10-billion-for-the-first-time\/"},"modified":"2025-11-14T16:20:14","modified_gmt":"2025-11-14T14:20:14","slug":"monacos-gdp-surpasses-e10-billion-for-the-first-time","status":"publish","type":"post","link":"https:\/\/www.monaco-tribune.com\/en\/2025\/11\/monacos-gdp-surpasses-e10-billion-for-the-first-time\/","title":{"rendered":"Monaco\u2019s GDP surpasses \u20ac10 billion for the first time"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>The Principality recorded economic growth of 8.8% in 2024, driven by business services and a booming construction sector, according to IMSEE.<\/strong><\/p>\n\n<p class=\"wp-block-paragraph\">Monaco\u2019s gross domestic product reached \u20ac10.24 billion in 2024, crossing a symbolic threshold after four years of sustained recovery. Monaco Statistics (IMSEE) released the figures on Monday, confirming a remarkable trajectory since 2020, when GDP was slightly below \u20ac6 billion. Over the past five years, average annual growth adjusted for inflation has been around 12%. The 8.8% growth in 2024 represents almost three points more than the previous year. Employment in the private sector is following the same trend, up 5.5% to more than 60,400 employees.<\/p>\n\n<h2 class=\"wp-block-heading\" id=\"h-un-rayonnement-economique-transfrontalier\"><strong>Cross-border economic influence<\/strong><\/h2>\n\n<p class=\"wp-block-paragraph\">Although Monaco has only 38,000 residents on its two-square-kilometre territory, its economic dynamism benefits neighbouring regions. Nearly 80% of the Principality\u2019s private-sector employees live in the Alpes-Maritimes and 9% in Italy, making Monaco a key regional economic engine.<\/p>\n\n<p class=\"related wp-block-paragraph\"><a href=\"https:\/\/www.monaco-tribune.com\/en\/2025\/07\/temporary-work-hits-new-highs-with-321-7-million-euros-in-2024\/\">Temporary work hits new highs, with 321.7 million euros in 2024<\/a><\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/www.monaco-tribune.com\/wp-content\/uploads\/2024\/10\/img_4114-le-rocher-panorama-baie-de-monaco-port-hercule-mer.jpg\" alt=\"se-rafraichir-a-monaco\" class=\"wp-image-254199\" srcset=\"https:\/\/www.monaco-tribune.com\/wp-content\/uploads\/2024\/10\/img_4114-le-rocher-panorama-baie-de-monaco-port-hercule-mer.jpg 1024w, https:\/\/www.monaco-tribune.com\/wp-content\/uploads\/2024\/10\/img_4114-le-rocher-panorama-baie-de-monaco-port-hercule-mer-450x300.jpg 450w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">\u00a9 All rights reserved<\/figcaption><\/figure>\n<\/div>\n<p class=\"wp-block-paragraph\">The scientific and technical activities, administrative and support services sector remains the main contributor, generating \u20ac2.4 billion in 2024 \u2013 nearly a quarter of GDP. This category includes business consulting, engineering, accounting, legal services, advertising agencies, administrative services, temp agencies, cleaning and security.<\/p>\n\n<p class=\"wp-block-paragraph\">Financial and insurance activities ranked second with \u20ac1.8 billion. The accommodation and food services sector placed fifth with \u20ac828 million. Only retail trade recorded a decline, down 3.4% to \u20ac553 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Principality recorded economic growth of 8.8% in 2024, driven by business services and a booming construction sector, according to [&hellip;]<\/p>\n","protected":false},"author":80,"featured_media":324549,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[243,258],"tags":[4764],"post_sectags":[3099],"post_format":[2465],"class_list":["post-324890","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-public-life","tag-economy-en-4","sectag-monaco-statistics","format-in-brief"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.7 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Monaco\u2019s GDP surpasses \u20ac10 billion for the first time<\/title>\n<meta name=\"description\" content=\"The Principality recorded economic growth of 8.8% in 2024, driven by business services and a booming construction sector, according to IMSEE. 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