World Factbook
Monaco
Principauté de Monaco
Last updated: 2026-03-28 (today)
Industries
banking, insurance, tourism, construction, small-scale industrial and consumer products
Exchange rates
note
note: while not an EU member state, Monaco, due to its preexisting monetary and banking agreements with France, has a 1998 monetary agreement with the EU to produce limited euro coinage—but not banknotes—that began enforcement in January 2002 and superseded by a new EU agreement in 2012
Currency
euros (EUR) per US dollar -
Exchange rates 2020
0.876 (2020 est.)
Exchange rates 2021
0.845 (2021 est.)
Exchange rates 2022
0.95 (2022 est.)
Exchange rates 2023
0.925 (2023 est.)
Exchange rates 2024
0.924 (2024 est.)
Economic overview
high-income European economy; non-EU euro user; considered a tax haven; tourism and banking are largest sectors; negatively impacted by COVID-19; major oceanographic museum; among most expensive real estate; major state-owned enterprises
Exports - partners
Italy, Switzerland, Germany, Belgium, Spain (2021)
Imports - partners
Italy, Switzerland, United Kingdom, Germany, China (2021)
Real GDP per capita
note
note: data in 2015 dollars
Real GDP per capita 2022
$226,100 (2022 est.)
Real GDP per capita 2023
$256,600 (2023 est.)
Real GDP per capita 2024
$270,100 (2024 est.)
Real GDP growth rate
note
note: annual GDP % growth based on constant local currency
Real GDP growth rate 2021
22.2% (2021 est.)
Real GDP growth rate 2022
11% (2022 est.)
Real GDP growth rate 2023
5% (2023 est.)
Agricultural products
none
Exports - commodities
jewelry, perfumes, watches, packaged medicines, cars (2021)
top five export commodities based on value in dollars
Imports - commodities
jewelry, cars and vehicle parts, recreational boats, plastic products, artwork (2021)
GDP (official exchange rate)
$10.434 billion (2024 est.)
note: data in current dollars at official exchange rate
Inflation rate (consumer prices)
note
note: annual % change based on consumer prices
Inflation rate (consumer prices) 2020
0.5% (2020 est.)
Inflation rate (consumer prices) 2021
2.1% (2021 est.)
Inflation rate (consumer prices) 2022
5.9% (2022 est.)
Real GDP (purchasing power parity)
note
note: data in 2015 dollars
Real GDP (purchasing power parity) 2022
$8.329 billion (2022 est.)
Real GDP (purchasing power parity) 2023
$8.749 billion (2023 est.)
Real GDP (purchasing power parity) 2024
$8.924 billion (2024 est.)
GDP - composition, by sector of origin
note
note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data
industry
11.5% (2023 est.)
services
88.5% (2023 est.)