Monaco GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Monaco expanded 0.90 percent in 2012 from the previous year. GDP Annual Growth Rate in Monaco is reported by the Monaco Statistics. From 2006 until 2012, Monaco GDP Annual Growth Rate averaged 2.7 Percent reaching an all time high of 14.4 Percent in December of 2007 and a record low of -11.5 Percent in December of 2009. Monaco is a small city-state in Western Europe known for its casino, high-value tourism and tax haven status. The most important sector of the economy is services, accounting for over 95 percent of GDP. The finance industry, supported by very low levels of taxation, has grown in recent years. Tourism is also an important source of revenue as Monaco hosts various events, such as the Formula One Grand Prix, and is home to the famous Monte-Carlo Casino. A large part of the labour force commutes to work from outside Monaco every day. This page provides - Monaco GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-16

Actual Previous Highest Lowest Forecast Dates Unit Frequency
0.90 6.60 14.40 -11.45 7.30 | 2013/12 2006 - 2012 Percent Yearly

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Monaco GDP Annual Growth Rate
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP 6.08 2011-12-31 5.35 6.92 0.29 6.12 2012-12-31 USD Billion [+]
GDP Annual Growth Rate 0.90 2012-12-31 6.60 14.40 -11.45 7.30 2013-12-31 Percent [+]
GDP per capita 171465.00 2011-12-31 151128.00 172676.34 75504.69 169983.59 2012-12-31 USD [+]
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GDP Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.


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Monaco recorded a trade deficit of 4.59 EUR Million in the third quarter of 2013. Balance of Trade in Monaco is reported by the Monaco Statistics.
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Imports in Monaco increased to 715.98 EUR Million in the third quarter of 2013 from 414.08 EUR Million in the second quarter of 2013. Imports in Monaco is reported by the Monaco Statistics.
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Exports in Monaco increased to 711.39 EUR Million in the third quarter of 2013 from 355.52 EUR Million in the second quarter of 2013. Exports in Monaco is reported by the Monaco Statistics.
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The Gross Domestic Product (GDP) in Monaco expanded 0.90 percent in 2012 from the previous year. GDP Annual Growth Rate in Monaco is reported by the Monaco Statistics.
Monaco GDP per capita at 171465.00 USD  
The Gross Domestic Product per capita in Monaco was last recorded at 171465 US dollars in 2011. The GDP per Capita in Monaco is equivalent to 1385 percent of the worlds average. GDP per capita in Monaco is reported by the World Bank.
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The Gross Domestic Product (GDP) in Monaco was worth 6.08 billion US dollars in 2011. The GDP value of Monaco represents 0.01 percent of the world economy. GDP in Monaco is reported by the World Bank.
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The total population in Monaco was last recorded at 37 Thousand people in 2012. Population in Monaco is reported by the World Bank.
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This page displays the sovereign debt credit rating as reported by the major credit rating agencies for Monaco.
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