According to figures published by Monaco’s statistics institute, IMSEE, on Wednesday, 11 November, the Principality recorded GDP growth of 1.7% in 2025, adjusted for inflation, despite a challenging global economic environment.
Over the past decade, Monaco’s economy has expanded considerably, with real GDP increasing by 51.3% between 2016 and 2025.
This growth significantly outpaced the global average of 27.8%, as well as the eurozone’s 13.2% and France’s 11.4% over the same period.
Finance and real estate drive Monaco’s economy
Financial and insurance activities remained the largest contributors to Monaco’s GDP, accounting for 17.4% of the total.
Professional, scientific and technical activities followed closely behind at 15.4%, meaning the two sectors together represented almost a third of the Principality’s economic output.
Real estate activities also recorded significant growth, becoming Monaco’s third-largest economic sector with an 11.3% share of GDP.
However, performance varied across the economy.
Of the 14 major sectors, eight recorded growth in 2025, two remained stable and four experienced a decline.
Monaco’s GDP per capita also continued to rise, increasing by 1.9% in real terms to exceed €110,000 in 2025.
The latest figures highlight the Principality’s continued economic expansion despite international uncertainty.
The full 2025 GDP report, including detailed figures, sector comparisons and an infographic, is available on the official IMSEE website at imsee.mc.