Monaco
MCOEurope & Central AsiaHigh incomeCapital: Monaco▶About Monaco
with a population of 38,631. Key indicators include life expectancy of 86.4 years. Data sourced from the IMF World Economic Outlook and World Bank World Development Indicators.
Situated in Europe and Central Asia, the economy of Monaco is characterized by its high income status. The principality has no income tax, making it an attractive location for businesses and wealthy individuals. Its economic sectors are diversified, with significant contributions from tourism, finance, and real estate. The country hosts numerous high-end events and attractions, drawing visitors from around the world. Additionally, Monaco is a hub for international trade and financial services, benefiting from its strategic location and stable political environment. The society benefits from a high standard of living, reflected in its life expectancy of 86.372 years in 2023. With a population of approximately 38,631 in 2024, Monaco is one of the most densely populated countries globally. The population is diverse, with a significant number of expatriates contributing to its multicultural atmosphere. The principality places a strong emphasis on education and healthcare, ensuring a high quality of life for its residents.
▶Economy7 indicators · 2021–2024 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Industry Value Added (% of GDP) | 12.8% | 2024 | ▲ 11.3% | WB |
| Services Value Added (% of GDP) | 87.2% | 2024 | ▼ 1.5% | WB |
| GDP Deflator (%) | 2.4% | 2024 | ▼ 52.2% | WB |
| Mineral Rents (% of GDP) | 0.00% | 2021 | — | WB |
| Total Natural Resources Rents (% of GDP) | 0.0% | 2021 | — | WB |
| Forest Rents (% of GDP) | 0.00% | 2021 | — | WB |
| Industry Value Added (Current USD) | $1.42B | 2024 | ▲ 23.7% | WB |
▶Fiscal & Monetary1 indicator · 2024 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Official Exchange Rate (per USD) | 0.92 | 2024 | ▼ 0.1% | WB |
▶Finance2 indicators · 2019 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Bank Capital to Assets Ratio (%) | 4.6% | 2019 | ▲ 2.9% | WB |
| Bank Nonperforming Loans (%) | 0.2% | 2019 | ▲ 10.4% | WB |
▶People23 indicators · 2023–2025 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Population | 38,631 | 2024 | ▼ 0.8% | WB |
| Population Growth (%) | -0.8% | 2024 | ▼ 1405.0% | WB |
| Population Density (per km²) | 18,693 | 2023 | ▲ 0.1% | WB |
| Surface Area (sq km) | 75 | 2023 | ▲ 0.0% | WB |
| Land Area (sq km) | 2 | 2023 | ▲ 0.0% | WB |
| Urban Population (%) | 100.0% | 2024 | ▲ 0.0% | WB |
| Urban Population (total) | 38,631 | 2024 | ▼ 0.8% | WB |
| Rural Population (%) | 0.0% | 2024 | — | WB |
| Life Expectancy at Birth | 86.4 years | 2023 | ▲ 0.7% | WB |
| Life Expectancy, Male | 84.4 years | 2023 | ▲ 0.7% | WB |
| Life Expectancy, Female | 88.5 years | 2023 | ▲ 0.7% | WB |
| Fertility Rate (births per woman) | 2.1 | 2023 | ▼ 0.2% | WB |
| Birth Rate (per 1,000) | 9.4 | 2023 | ▲ 8.7% | WB |
| Death Rate (per 1,000) | 21 | 2023 | ▼ 10.7% | WB |
| Net Migration | 100 | 2025 | ▼ 9.1% | WB |
| Population Ages 0–14 (%) | 13.5% | 2024 | ▲ 2.2% | WB |
| Population Ages 15–64 (%) | 50.4% | 2024 | ▼ 0.2% | WB |
| Population Ages 65+ (%) | 36.2% | 2024 | ▼ 0.5% | WB |
| Age Dependency Ratio (%) | 98.6% | 2024 | ▲ 0.4% | WB |
| Old-Age Dependency Ratio (%) | 71.8% | 2024 | ▼ 0.3% | WB |
| Youth Dependency Ratio (%) | 26.8% | 2024 | ▲ 2.4% | WB |
| Mortality Rate, Adult Male (per 1,000) | 31.2 | 2023 | ▼ 4.6% | WB |
| Mortality Rate, Adult Female (per 1,000) | 19.4 | 2023 | ▼ 0.3% | WB |
▶Labor1 indicator · 2016 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Self-Employed (%) | 48.3% | 2016 | — | WB |
▶Education15 indicators · 2004–2024 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Education Spending (% of GDP) | 1.7% | 2023 | ▲ 47.9% | WB |
| Education Spending (% of govt expenditure) | 7.7% | 2023 | ▲ 61.2% | WB |
| Primary School Enrollment (%) | 120.6% | 2024 | ▼ 15.3% | WB |
| Secondary School Enrollment (%) | 158.5% | 2024 | ▲ 3.2% | WB |
| Tertiary School Enrollment (%) | 77.5% | 2024 | ▲ 44.6% | WB |
| Primary Completion Rate (%) | 135.0% | 2024 | ▼ 11.7% | WB |
| Lower Secondary Completion Rate (%) | 148.1% | 2024 | ▼ 4.3% | WB |
| Primary School Teachers | 195 | 2024 | ▲ 6.0% | WB |
| Secondary School Teachers | 508 | 2024 | ▲ 14.2% | WB |
| Pupil-Teacher Ratio, Primary | 12 | 2019 | ▲ 2.8% | WB |
| Pupil-Teacher Ratio, Secondary | 9 | 2017 | ▲ 5.2% | WB |
| Expenditure per Student, Primary (% of GDP/cap) | 12.7% | 2016 | ▼ 20.6% | WB |
| Pupil-Teacher Ratio (Primary) | 93.8 | 2020 | — | WB |
| Education Spending, Secondary (% of govt) | 31.5% | 2016 | ▼ 23.4% | WB |
| Education Spending, Tertiary (% of govt) | 4.4% | 2004 | — | WB |
▶Health27 indicators · 2014–2024 · WHO
▶Energy & Environment9 indicators · 2020–2024 · WB / WHO
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Access to Electricity (%) | 100.0% | 2023 | ▲ 0.0% | WB |
| Access to Clean Fuels for Cooking (%) | 100.0% | 2023 | ▲ 0.0% | WB |
| PM2.5 Air Pollution (µg/m³) | 9.6 | 2020 | ▼ 0.8% | WB |
| Forest Area (%) | 0.0% | 2023 | — | WB |
| Forest Area (sq km) | 0 | 2023 | — | WB |
| Terrestrial Protected Areas (%) | 99.5% | 2024 | ▲ 0.3% | WB |
| Marine Protected Areas (%) | 100.0% | 2024 | ▲ 0.3% | WB |
| Access to Basic Drinking Water (%) | 100.0% | 2024 | ▲ 0.0% | WHO |
| Access to Basic Sanitation (%) | 100.0% | 2024 | ▲ 0.0% | WHO |
▶Agriculture1 indicator · 2023 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Total Fisheries Production (metric tonnes) | 1 | 2023 | ▲ 0.0% | WB |
▶Technology8 indicators · 2021–2024 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Internet Users (%) | 99.1% | 2023 | ▲ 0.0% | WB |
| Mobile Subscriptions (per 100 people) | 104 | 2023 | ▲ 4.0% | WB |
| Fixed Broadband Subscriptions (per 100) | 55.9 | 2023 | ▲ 1.2% | WB |
| Secure Internet Servers (per million) | 41,495.2 | 2024 | ▲ 30.5% | WB |
| Patent Applications, Residents | 5 | 2021 | ▼ 16.7% | WB |
| Patent Applications, Non-Residents | 3 | 2021 | ▼ 57.1% | WB |
| Scientific Journal Articles | 57 | 2022 | ▼ 0.6% | WB |
| Industrial Design Applications, Resident | 28 | 2021 | ▲ 300.0% | WB |
▶Infrastructure2 indicators · 2019 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Air Transport, Passengers Carried | 316 | 2019 | ▲ 0.0% | WB |
| Air Transport, Freight (million ton-km) | 0 | 2019 | — | WB |
▶Gender3 indicators · 2016–2024 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Women in Parliament (%) | 45.8% | 2024 | ▲ 0.0% | WB |
| Female Labor Force Participation, 15+ (%) | 39.8% | 2016 | — | WB |
| Adolescent Fertility Rate (per 1,000) | 9.7 | 2023 | ▼ 0.3% | WB |
▶Governance10 indicators · 2023 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Control of Corruption | 1.25 | 2023 | ▼ 1.5% | WB |
| Government Effectiveness | 2.02 | 2023 | ▼ 1.2% | WB |
| Political Stability | 1.18 | 2023 | ▼ 0.2% | WB |
| Regulatory Quality | 1.35 | 2023 | ▼ 3.4% | WB |
| Rule of Law | 1.48 | 2023 | ▼ 0.6% | WB |
| Voice & Accountability | 0.65 | 2023 | ▼ 8.7% | WB |
| Control of Corruption (percentile rank) | 87.7% | 2023 | ▼ 1.1% | WB |
| Government Effectiveness (percentile rank) | 99.1% | 2023 | ▲ 0.0% | WB |
| Rule of Law (percentile rank) | 91.5% | 2023 | ▲ 1.0% | WB |
| Political Stability (percentile rank) | 93.4% | 2023 | ▼ 0.5% | WB |
▶Tourism1 indicator · 2020 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| International Tourism, Arrivals | 159,000 | 2020 | ▼ 56.2% | WB |
▶Urban Development4 indicators · 2022–2024 · WB / WHO
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Urban Population Growth (%) | -0.8% | 2024 | ▼ 1405.0% | WB |
| Population in Slums (% of urban) | 0.0% | 2022 | — | WB |
| Access to Safely Managed Drinking Water (%) | 100.0% | 2024 | ▲ 0.0% | WHO |
| Access to Safely Managed Sanitation (%) | 100.0% | 2024 | ▲ 0.0% | WHO |