Monaco GDP

Monaco country overview

Before we start to discuss Monaco GDP first we discuss Monaco country overview, so Monaco is officially called the Principality of Monaco. It is a sovereign state country located in Western Europe.

Its capital and largest city name are Monaco. Its official language is French. When we talk about its religions, so 86% of Christianity and 14% of non-Christians live in Monaco.

Monaco’s government system is the Unitary parliamentary Semi constitutional monarchy. Monaco’s monarch name is Prince Albert ll. Its prime minister’s name is Pierre Dartout.

Monaco’s total land area is 2 km2 because it is basically a city-state. Its land area rank is 193rd in the world. Monaco’s total population is 38,500 in the year 2020.

Its population rank is 190th in the world. Its total population density is 48,470/km2. Its population density rank is 1st in the world.

Monaco Economy

Monaco’s currency is called the Euro. Monaco’s economy is generally called the developed and advanced economy and a high-income economy.

The inflation rate in Monaco is 1.5% in the year 2012. Its HDI rate is 0.956 Which is considered the highest HDI rate in the world.

When we talk about the Labour force by occupation, agriculture is 0%, the industry is 16%, and services are 84% in the year 2013. The unemployment rate in Monaco is 2% in the year 2013.

Monaco GDP

Its total GDP is $7.2 billion (nominal) and $7.6 billion (PPP) in the year 2021. Its GDP rank is 145th (nominal) and 158th (PPP) in the year 2021.

Its GDP growth rate is 6% in the year 2020. Its GDP per capita is $185,600 (nominal) and $115,600 (PPP) in the year 2018.

Its GDP per capita rank is 1st (nominal) and 3rd (PPP) in the year 2021. When we talk about its GDP by sector, agriculture is 0%, industry 15%, and services are 85% in the year 2020.