Monaco Economic Statistics and Indicators

24, May 2018, EDT. Welcome to the Monaco economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.

Economic Indicators For: Monaco › Change country
National or Regional Currency: Euro, EUR
Year of data: 2015 › Change year
Number of Indicators Listed:
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 30,508 ; note: immigrants make up more than 60% of the total population, according to UN data (2013) (July 2014 est.)
Area: total: 2 sq km ; land: 2 sq km ; water: 0 sq km
Natural Resources: none
Capital: name: Monaco ; geographic coordinates: 43 44 N, 7 25 E ; time difference: UTC+1 (6 hours ahead of Washington, DC, during Standard Time) ; daylight saving time: +1hr, begins last Sunday in March; ends last Sunday in October

Monaco, bordering France on the Mediterranean coast, is a popular resort, attracting tourists to its casino and pleasant climate. The principality also is a banking center and has successfully sought to diversify into services and small, high-value-added, nonpolluting industries. The state has no income tax and low business taxes and thrives as a tax haven both for individuals who have established residence and for foreign companies that have set up businesses and offices. Monaco, however, is not a tax-free shelter; it charges nearly 20% value-added tax, collects stamp duties, and companies face a 33% tax on profits unless they can show that three-quarters of profits are generated within the principality. Monaco's reliance on tourism and banking for its economic growth has left it vulnerable to a downturn in France and other European economies which are the principality's main trade partners. In 2009, Monaco's GDP fell by 11.5% as the euro-zone crisis precipitated a sharp drop in tourism and retail activity and home sales. A modest recovery ensued in 2010, but Monaco's economic prospects remain uncertain, and tied to future euro-zone growth. Weak economic growth also has deteriorated public finances as the principality recorded budget deficits in 2011-12. Monaco was formally removed from the OECD's "grey list" of uncooperative tax jurisdictions in late 2009, but continues to face international pressure to abandon its banking secrecy laws and help combat tax evasion. The state retains monopolies in a number of sectors, including tobacco, the telephone network, and the postal service. Living standards are high, roughly comparable to those in prosperous French metropolitan areas.
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Economic Indicators for Monaco 2015

Not Available
* Source: IMF
Aggregate Indicators for Monaco
Indicators
  Geography (Location, geographic coordinates, map references, area, terrain, elevation extremes, borders, coastline and maritime claims) for Monaco
  Climate and Environment (climate, environmental issues, environmental agreements, natural hazards) for Monaco
  Natural Resources, Agricultural Products, Land Use and Water Use for Monaco
  Nationality, Ethnic Groups, Languages and Religions for Monaco
  Telephone Statistics: Number of Fixed Lines, Mobile Phone Penetration Rate for Monaco
  Age Structure, Median Age, Gender and Urbanization for Monaco
  Population Growth Rate, Birth Rate, Death Rate, Net Migration Rate for Monaco
  Life Expectancy Rate, Infant Mortality Rate and Total Fertility Rate for Monaco
  HIV, AIDS and Other Major Infectious Disease Rates for Monaco
  Literacy Rate, Educational Expenditure and School Life Expectancy for Monaco
  Gross Domestic Product (PPP, Official Exchange Rate, Real Growth Rate and Per Capita) for Monaco
  Industries and Industrial Growth Production Rate for Monaco
  Labor Force by Occupation for Monaco
  Poverty Line, Gini Index, Household Income and Consumption for Monaco
  National Budget and Public Debt for Monaco
  Bank Rates (Commercial Bank Prime Lending Rate, Central Bank Discount Rate) for Monaco
  Stock of Money, Stock of Quasi Money, Stock of Domestic Credit for Monaco
  Stock Market Capitalization: Market Value of Publicly Traded Shares for Monaco
  Trade Statistics, Export Statistics, Export Partners and Products, Import Statistics, Import Partners and Products for Monaco
  Foreign Exchange Reserves and Gold Reserves for Monaco
  FDI Statistics (Foreign Direct Investment at Home/ Inbound FDI, Foreign Direct Investment Abroad/ Outbound FDI) for Monaco
  Exchange Rate Statistics for Monaco
  Electricity Production, Electricity Consumption, Electricity Exports and Electricity Imports for Monaco
  Oil Production, Proven Oil Reserves, Oil Consumption, Oil Exports and Oil Imports for Monaco
  Natural Gas Production, Proven Natural Gas Reserves, Natural Gas Consumption, Natural Gas Exports and Natural Gas Imports for Monaco
  Television and Radio Statistics (TV Stats, Radio Stats) for Monaco
  Internet Statistics (Internet Users, Internet Hosts, Country TLD) for Monaco
  Airport Statistics (Paved Runway Airports, Unpaved Runway Airports, Heliports) for Monaco
  Transport Statistics (Railways, Roadways, Waterways, Ports and Terminals, Airports, Merchant Marine) for Monaco
  Military Statistics (Military Expenditure, Military Branches, Service Age and Obligation, Manpower Available and Fit for Military Service) for Monaco
  Disputes, Refugees, Human Trafficking and Illicit Drug Production for Monaco
* Source: CIA
Internet Indicators for Monaco
Indicators
  Number of Internet Users for Monaco
  Internet Penetration Rate for Monaco
  Number of Facebook Accounts for Monaco
  Facebook Penetration Rate for Monaco
* Source: IWS