‘Monaco in Figures’, the highly anticipated annual compendium of statistics published by the Monegasque Institute of Statistics and Economic Studies (IMSEE), is now online.
2023 was a year of growth in the Principality, with Monaco’s job market flourishing last year, growing by 3.4 percent compared to 2022. Monaco now boasts 73,707 jobs, nearly double its population of 38,367 residents. Although, with soaring local real estate prices, 90 percent of these workers commute from beyond the Principality’s borders, increasingly from distant locales such as Ventimiglia or in the other direction, Nice.
This is easily comprehended when taking into account that the average price per square meter of property in Monaco stands at over 51 thousand euros, cementing the Principality’s reputation as one of the world’s priciest real estate markets.
Monaco’s fiscal strength shone brightly in 2023, recording 2.2 billion euros in revenues against 2.07 billion in expenditures, achieving a surplus of 126.3 million euros. This continued tradition of financial prudence highlights Monaco’s ability to manage its finances effectively while fostering economic growth.
For a deeper dive into this compendium, the full ‘Monaco in Figures 2024’ report is available on IMSEE’s official website here.
