Summary:
Monaco’s Gross Domestic Product (GDP) reached 9.24 billion euros in 2023, showing a growth of 42.6% over the past ten years, thanks to positive economic performance, increased revenue, expansion of foreign trade, and sustained employment growth.
Full Story:
Monaco’s Gross Domestic Product (GDP) reached €9.24 billion in 2023, marking a 42.6% growth over the past decade. The Monaco Institute of Statistics and Economic Studies (IMSEE) reported that Monaco’s economic performance in 2023 was consistently positive, demonstrating a third consecutive year of solid growth. This dynamism was attributed to key indicators such as increased turnover, progress in foreign trade, and sustained employment growth. Despite its small size, Monaco has maintained a strong and thriving economy. The principality’s economic success contributes to its reputation as a prosperous and desirable location for businesses and individuals alike.
Source:
Monaco Matin
