{"id":45756,"date":"2020-11-12T16:41:41","date_gmt":"2020-11-12T15:41:41","guid":{"rendered":"https:\/\/www.monaco-tribune.com\/2020\/11\/the-calm-before-the-storm-in-2019-monaco-sees-gdp-growth\/"},"modified":"2020-11-15T12:12:22","modified_gmt":"2020-11-15T11:12:22","slug":"calm-before-the-storm-in-2019-monaco-sees-gdp-growth","status":"publish","type":"post","link":"https:\/\/www.monaco-tribune.com\/en\/2020\/11\/calm-before-the-storm-in-2019-monaco-sees-gdp-growth\/","title":{"rendered":"Calm before the storm: in 2019 Monaco sees GDP growth"},"content":{"rendered":"\n

Monaco Statistics has just published data on the 2019 GDP. After a 3.5% drop in 2017, and a 6,0% growth in 2018, in 2019, Monaco\u2019s GDP continued its ascent.<\/strong><\/p>\n\n\n\n

In 2019, Monaco\u2019s GDP reached 6,63 billion euros<\/a>, compared to 6,09 billion in 2018.  <\/p>\n\n\n\n

As was the case in 2018, the Gross Operating Surplus saw the greatest increase, with a 13.8% rise. Employment rates were also on the rise, in both the private and public sectors, with 1,564 new employees, up by 2.8%.<\/p>\n\n\n\n

The same can be said for individual revenues, which have risen by 4.6%. It should be noted that they represent almost half of GDP (44.8%) excluding subsidies. Taxes paid on products are up 5.8%, as are subsidies, up 1.5%.<\/p>\n\n\n\n

Considerable differences between sectors<\/h2>\n\n\n\n

As in previous years, wealth is not equally distributed between sectors. Overall, eight out of the twelve main industries saw their sector\u2019s GDP increase. \n\n\n<\/p>\n\n\n\n

In terms of GDP, the three most important sectors in Monaco are:<\/p>\n\n\n\n