Director of the Monegasque Institute of Statistics and Economic Studies (IMSEE) Alexandre Bubbio and his team presented the new edition of the Statistics Office compendium – Monaco in Figures – that brings together the main numbers each year, at the Novotel Monte-Carlo on June 22.
The main indicators of the twelve major sectors of Monaco’s economy were presented, in addition to tables with figures, in the form of infographics providing at-a-glance access to key data.
The figures are very encouraging.
Public finances are doing well with a surplus budget of 32.2 million euros in 2022. Over 10 years, only the year 2020 was in deficit due to the health crisis. For the other indicators, the trend is the same: a strong post-covid rebound and a very favourable evolution over 10 years.
Over a decade, GDP has increased by 47.3%, the turnover of the Principality by 32.2%, the number of establishments by 46.6% and the average price per square metre in real estate resales by 60.6%.
In 2022 in the private sector, of the 65,529 jobs in the Principality, 6,651 were occupied by employees from Nice.
“Scientific activities and technical, administrative and support services” represent 21.1% of the overall GDP of Monaco and brings together professions as diverse as law firms, advertising companies, travel agencies and temp agencies. Trade (excluding France*) had grown by an average of 5.4% per year over ten years.
At the end of the conference, the hundred or so business leaders present asked many questions, often related to their own business, a sign that the information provided by the institute is crucial for them and therefore for the Principality as a whole.
- due to the customs union between Monaco and France.
PHOTO: Alexandre Bubbio, IMSEE Director, presenting the latest stats to a large and appreciative audience MEB/Carte Blanche