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 averaged 2.73 Percent from 2006 until 2012, reaching an all time high of 14.40 Percent in 2007 and a record low of -11.45 Percent in 2009. GDP Annual Growth Rate in Monaco is reported by the Monaco Statistics.
||2006 - 2012
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.