Monaco’s economy has exceeded the €10 billion threshold for the second consecutive year, with gross domestic product reaching €10.6 billion in 2025, according to figures released by the Monegasque Institute of Statistics and Economic Studies (IMSEE)…
Although GDP increased from €10.28 billion in 2024, inflation-adjusted growth slowed to 1.7 per cent, compared with 8.8 per cent the previous year.
IMSEE described 2025 as an unusual year, with the completion of major construction projects contributing to a 7.6 per cent decline in turnover and a 1.3 per cent reduction in private sector employment. Foreign trade also fell by 4.8 per cent amid weaker exchanges with the European Union.
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Nevertheless, Monaco’s economy has expanded by more than 50 per cent over the past decade, significantly outperforming the eurozone’s 13.2 per cent growth.
Financial and insurance services remain the largest economic contributor, accounting for 17.4 per cent of GDP, followed by specialised scientific and technical activities at 15.4 per cent. Real estate now represents 11.3 per cent.
GDP per capita reached €110,669, whilst GDP per employee rose to €162,739, underlining the Principality’s continued economic resilience despite a challenging international environment.
Source: IMSEE
