Liechtenstein has a GDP of $8.29B compared to $10B for Monaco, ranking 155/197 and 153/197 by economy size, respectively.
The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.
| Year | GDP | |||
|---|---|---|---|---|
Liechtenstein
|
Monaco
|
|||
| Current $ | Constant $ | Current $ | Constant $ | |
| 1970 | $90,099,361 | - | $293,127,333 | $1,764,785,206 |
| 1971 | $104,889,795 | - | $327,706,210 | $1,857,049,235 |
| 1972 | $124,940,289 | - | $402,451,901 | $1,943,370,634 |
| 1973 | $165,928,882 | - | $523,554,039 | $2,070,734,432 |
| 1974 | $193,980,465 | - | $563,949,254 | $2,163,391,744 |
| 1975 | $246,389,102 | - | $711,978,962 | $2,142,349,785 |
| 1976 | $272,489,300 | - | $735,324,245 | $2,236,862,305 |
| 1977 | $303,493,119 | - | $811,191,392 | $2,316,343,303 |
| 1978 | $436,912,068 | - | $1,000,555,218 | $2,407,921,124 |
| 1979 | $503,173,104 | - | $1,209,870,147 | $2,493,021,991 |
| 1980 | $534,699,363 | - | $1,378,175,524 | $2,535,040,816 |
| 1981 | $511,647,750 | - | $1,205,188,648 | $2,558,423,484 |
| 1982 | $522,096,760 | - | $1,143,216,457 | $2,620,654,307 |
| 1983 | $524,023,625 | - | $1,092,560,365 | $2,651,970,428 |
| 1984 | $502,620,992 | - | $1,037,329,604 | $2,691,339,343 |
| 1985 | $529,073,612 | - | $1,082,867,507 | $2,737,326,250 |
| 1986 | $779,357,803 | - | $1,515,234,743 | $2,804,455,472 |
| 1987 | $1,052,848,996 | - | $1,839,081,463 | $2,874,134,249 |
| 1988 | $1,161,757,671 | - | $2,000,704,745 | $3,006,304,229 |
| 1989 | $1,119,983,801 | - | $2,010,083,833 | $3,131,476,494 |
| 1990 | $1,421,509,216 | - | $2,481,307,077 | $3,214,255,640 |
| 1991 | $1,484,160,302 | - | $2,480,540,845 | $3,246,884,485 |
| 1992 | $1,631,177,029 | - | $2,737,049,231 | $3,291,257,692 |
| 1993 | $1,673,085,245 | - | $2,574,494,356 | $3,261,178,239 |
| 1994 | $1,948,129,623 | - | $2,720,332,135 | $3,333,433,694 |
| 1995 | $2,428,525,061 | - | $3,130,309,995 | $3,404,007,586 |
| 1996 | $2,504,012,993 | - | $3,137,886,995 | $3,441,816,981 |
| 1997 | $2,298,389,803 | - | $2,840,195,190 | $3,518,819,006 |
| 1998 | $2,479,699,106 | - | $2,934,593,468 | $3,642,092,596 |
| 1999 | $2,664,105,901 | - | $2,907,118,641 | $3,762,301,282 |
| 2000 | $2,483,889,858 | - | $2,654,462,665 | $3,909,415,913 |
| 2001 | $2,491,800,559 | - | $2,673,723,034 | $3,994,943,522 |
| 2002 | $2,688,618,747 | - | $2,919,647,982 | $4,035,951,521 |
| 2003 | $3,070,803,051 | - | $3,597,089,751 | $4,079,843,968 |
| 2004 | $3,454,373,798 | - | $4,043,551,489 | $4,180,635,804 |
| 2005 | $3,659,319,117 | - | $4,204,652,899 | $4,259,876,165 |
| 2006 | $4,000,102,086 | - | $4,586,826,513 | $4,507,700,786 |
| 2007 | $4,601,429,897 | - | $5,875,790,766 | $5,158,500,738 |
| 2008 | $5,081,479,840 | - | $6,502,942,245 | $5,197,028,095 |
| 2009 | $4,504,375,348 | - | $5,474,379,252 | $4,607,841,718 |
| 2010 | $5,082,337,238 | - | $5,367,561,570 | $4,703,003,769 |
| 2011 | $5,739,706,005 | - | $6,088,689,808 | $5,033,265,481 |
| 2012 | $5,456,102,482 | - | $5,742,749,294 | $5,084,213,121 |
| 2013 | $6,391,708,311 | - | $6,555,591,710 | $5,571,133,211 |
| 2014 | $6,657,526,980 | - | $7,070,017,324 | $5,971,532,102 |
| 2015 | $6,268,515,276 | - | $6,264,756,528 | $6,264,756,528 |
| 2016 | $6,237,302,034 | - | $6,471,290,794 | $6,453,228,194 |
| 2017 | $6,474,308,718 | - | $6,430,254,653 | $6,246,325,874 |
| 2018 | $6,692,620,692 | - | $7,184,333,936 | $6,602,235,351 |
| 2019 | $6,436,467,007 | - | $7,383,496,254 | $7,072,373,237 |
| 2020 | $6,405,870,210 | - | $6,730,736,283 | $6,136,054,330 |
| 2021 | $7,912,602,342 | - | $8,623,242,743 | $7,500,235,157 |
| 2022 | $7,378,156,576 | - | $8,800,430,486 | $8,328,781,592 |
| 2023 | $8,287,748,667 | - | $9,995,350,547 | $8,748,833,913 |
Economic indicators
|
Liechtenstein
|
Monaco
|
|
|---|---|---|
| Gross domestic product |
$8.29B
2023 |
$10B
2023 |
| GDP rank |
155/197
2023 |
153/197
2023 |
| GDP growth |
12.3%
2022-2023 |
13.6%
2022-2023 |
| GDP per capita |
$207,974
2023 |
$256,581
2023 |
| GDP per capita rank |
2/197
2023 |
1/197
2023 |
| GDP per capita, PPP |
$139,100
2009 |
$115,700
2015 |
| Average annual personal income after taxes |
$97,623
2025 |
$97,128
2025 |
| Number of billionaires |
1
2025 |
2
2025 |
| Government expenditure, % of GDP |
22.6%
2025 |
20%
2025 |
| Consumer prices inflation |
-0.4%
2019-2020 |
1.5%
2019-2020 |
| Unemployment rate |
2.01%
2007 |
6.33%
2016 |
| Population |
40646
|
38341
|
GDP per capita in Liechtenstein vs Monaco
Liechtenstein's GDP per capita is $207,974, ranking 2/197, compared to $256,581 in Monaco, ranking 1/197. Adjusted for purchasing power (GDP per capita PPP), Liechtenstein ranks 3rd at $139,100, while Monaco ranks 6th at $115,700.
| Year | Current $ | |||
|---|---|---|---|---|
|
Liechtenstein
|
Monaco
|
|||
| GDP per capita | GDP per capita, PPP | GDP per capita | GDP per capita, PPP | |
| 1970 | $4,262 | - | $12,098 | - |
| 1971 | $4,856 | - | $13,334 | - |
| 1972 | $5,645 | - | $16,187 | - |
| 1973 | $7,282 | - | $20,882 | - |
| 1974 | $8,272 | - | $22,348 | - |
| 1975 | $10,333 | - | $27,921 | - |
| 1976 | $11,326 | - | $28,396 | - |
| 1977 | $12,417 | - | $30,875 | - |
| 1978 | $17,457 | - | $37,608 | - |
| 1979 | $19,674 | - | $44,990 | - |
| 1980 | $20,959 | - | $50,814 | - |
| 1981 | $19,929 | - | $44,157 | - |
| 1982 | $19,886 | - | $41,479 | - |
| 1983 | $19,815 | - | $39,076 | - |
| 1984 | $18,898 | - | $36,582 | - |
| 1985 | $19,684 | - | $37,690 | - |
| 1986 | $28,613 | - | $52,082 | - |
| 1987 | $38,206 | - | $62,456 | - |
| 1988 | $41,569 | - | $67,181 | - |
| 1989 | $39,552 | - | $66,816 | - |
| 1990 | $49,458 | - | $81,735 | - |
| 1991 | $50,812 | - | $80,997 | - |
| 1992 | $55,057 | - | $88,615 | - |
| 1993 | $55,605 | - | $82,685 | - |
| 1994 | $63,936 | - | $86,704 | - |
| 1995 | $78,910 | - | $99,032 | - |
| 1996 | $80,689 | - | $98,561 | - |
| 1997 | $73,591 | - | $88,582 | - |
| 1998 | $78,303 | $23,000 | $90,947 | - |
| 1999 | $82,682 | $25,000 | $89,698 | $27,000 |
| 2000 | $76,088 | - | $81,789 | $27,000 |
| 2001 | $75,068 | - | $82,403 | - |
| 2002 | $79,795 | - | $90,051 | - |
| 2003 | $90,108 | - | $111,110 | - |
| 2004 | $100,281 | - | $125,160 | - |
| 2005 | $105,295 | - | $130,539 | - |
| 2006 | $114,168 | - | $143,083 | $30,000 |
| 2007 | $130,493 | $122,100 | $184,559 | - |
| 2008 | $143,249 | $141,100 | $204,264 | - |
| 2009 | $126,025 | $139,100 | $169,150 | $63,400 |
| 2010 | $141,090 | - | $161,854 | - |
| 2011 | $158,066 | - | $179,364 | $85,500 |
| 2012 | $148,842 | - | $165,445 | - |
| 2013 | $172,824 | - | $184,941 | $78,700 |
| 2014 | $178,735 | - | $195,694 | - |
| 2015 | $167,187 | - | $170,437 | $115,700 |
| 2016 | $165,375 | - | $173,605 | - |
| 2017 | $170,547 | - | $170,663 | - |
| 2018 | $174,989 | - | $188,298 | - |
| 2019 | $166,908 | - | $193,747 | - |
| 2020 | $164,671 | - | $176,892 | - |
| 2021 | $201,945 | - | $223,823 | - |
| 2022 | $186,822 | - | $226,052 | - |
| 2023 | $207,974 | - | $256,581 | - |
Inflation comparison by year
Over the past 21 years, Liechtenstein has recorded an average annual inflation rate of -0.01%, compared with 1.58% in Monaco. In 2020, inflation was -0.4% in Liechtenstein and 1.5% in Monaco.
| Year | Inflation | ||
|---|---|---|---|
|
Liechtenstein
|
Monaco
|
Liechtenstein
|
Monaco
|
| 1997 | 0.5% | - | |
| 1998 | - | - | |
| 1999 | - | - | |
| 2000 | - | 1.9% | |
| 2001 | 1% | - | |
| 2002 | - | - | |
| 2003 | - | - | |
| 2004 | - | - | |
| 2005 | - | - | |
| 2006 | - | - | |
| 2007 | - | - | |
| 2008 | - | - | |
| 2009 | 0.5% | - | |
| 2010 | 0.7% | 1.5% | |
| 2011 | 0.2% | - | |
| 2012 | -0.7% | - | |
| 2013 | -0.2% | - | |
| 2014 | - | - | |
| 2015 | - | - | |
| 2016 | -0.4% | - | |
| 2017 | - | - | |
| 2018 | -0.4% | 1.5% | |
| 2019 | -0.4% | 1.5% | |
| 2020 | -0.4% | 1.5% | |
Economic freedom indices
The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.
|
Liechtenstein
|
Monaco
|
|
|---|---|---|
| Economic freedom | 74 | 83 |
| Economic freedom ranking | 21/197 | 4/197 |
| Property rights | 94.4 | n/a |
| Government integrity | 82.4 | n/a |
| Judicial effectiveness | 86.7 | n/a |
| Business freedom | 88.2 | n/a |
| Labor freedom | 85.7 | n/a |
| Trade freedom | 86.6 | n/a |
| Investment freedom | 80 | n/a |
| Financial freedom | 80 | n/a |
More economic indicators
|
Liechtenstein
|
Monaco
|
|
|---|---|---|
| Services, % of GDP |
55.6%
2022 |
88.5%
2023 |
| Industry, % of GDP |
40.6%
2022 |
11.5%
2023 |
| Agriculture, forestry, and fishing, % of GDP |
0.17%
2022 |
n/a |
GNI, Atlas method
|
$4.16B
2009 |
n/a |
|
Net inflows of foreign direct investment
|
-$87.2B
2018 |
n/a |
GDP per capita map
GDP per capita
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Economy comparisons
Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.
Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.