Monaco’s Economy Shows Solid Growth with 5% Increase in GDP, Says IMSEE Report

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Summary:
Monaco’s economy demonstrates steady growth with a five percent increase in GDP in 2023.

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Monaco’s economy experienced steady growth in 2023, with a five percent increase in GDP, according to the latest report from IMSEE. This marks the third consecutive year of solid expansion for the Principality, with the Gross Domestic Product reaching 9.24 billion euros, up from 8.36 billion euros in 2022. Adjusting for inflation, the increase remains at five percent. This positive trend shows the resilience and strength of Monaco’s economy.

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