Monaco has a GDP of $11.1B compared to $264B for New Zealand, ranking 154/197 and 53/197 by economy size, respectively.
Monaco vs New Zealand GDP by year
| Year | GDP, current $ | |
|---|---|---|
Monaco
|
New Zealand
|
|
| 2025 | - | $264,057,413,740 |
| 2024 | $11,125,788,838 | $261,497,198,364 |
| 2023 | $10,003,897,341 | $256,372,177,758 |
| 2022 | $8,800,432,774 | $249,723,029,451 |
| 2021 | $8,623,241,327 | $253,732,493,988 |
| 2020 | $6,730,733,231 | $213,318,129,989 |
| 2019 | $7,383,494,129 | $213,088,034,258 |
| 2018 | $7,184,336,760 | $211,726,161,989 |
| 2017 | $6,430,258,225 | $206,561,943,051 |
| 2016 | $6,471,287,669 | $188,980,351,891 |
| 2015 | $6,264,753,586 | $178,147,457,243 |
| 2014 | $7,070,015,474 | $201,435,445,068 |
| 2013 | $6,555,590,642 | $190,943,478,290 |
| 2012 | $5,742,748,406 | $176,508,049,114 |
| 2011 | $6,088,690,667 | $168,458,838,711 |
| 2010 | $5,367,561,640 | $146,887,902,524 |
| 2009 | $5,474,381,528 | $121,663,439,315 |
| 2008 | $6,502,945,305 | $133,437,126,590 |
| 2007 | $5,875,787,545 | $137,188,946,866 |
| 2006 | $4,586,828,062 | $111,538,810,713 |
| 2005 | $4,204,651,894 | $114,720,129,550 |
| 2004 | $4,043,553,261 | $103,905,210,084 |
| 2003 | $3,597,090,047 | $88,250,885,550 |
| 2002 | $2,919,647,992 | $66,627,729,311 |
| 2001 | $2,673,722,829 | $53,872,425,917 |
| 2000 | $2,654,462,466 | $52,623,281,957 |
| 1999 | $2,907,118,417 | $58,762,260,626 |
| 1998 | $2,934,593,468 | $56,227,169,851 |
| 1997 | $2,840,195,190 | $66,075,143,415 |
| 1996 | $3,137,886,995 | $70,140,835,299 |
| 1995 | $3,130,309,995 | $63,918,703,507 |
| 1994 | $2,720,332,135 | $55,314,732,279 |
| 1993 | $2,574,494,356 | $46,775,620,817 |
| 1992 | $2,737,049,231 | $41,649,829,860 |
| 1991 | $2,480,540,845 | $42,745,329,732 |
| 1990 | $2,481,307,077 | $45,495,129,385 |
| 1989 | $2,010,083,833 | $43,920,222,525 |
| 1988 | $2,000,704,745 | $45,176,811,594 |
| 1987 | $1,839,081,463 | $40,376,354,070 |
| 1986 | $1,515,234,743 | $30,604,668,357 |
| 1985 | $1,082,867,507 | $24,679,795,396 |
| 1984 | $1,037,329,604 | $21,665,975,319 |
| 1983 | $1,092,560,365 | $24,309,279,706 |
| 1982 | $1,143,216,457 | $24,164,603,059 |
| 1981 | $1,205,188,648 | $24,417,617,184 |
| 1980 | $1,378,175,524 | $23,244,547,385 |
| 1979 | $1,209,870,147 | $20,731,243,113 |
| 1978 | $1,000,555,218 | $18,530,518,395 |
| 1977 | $811,191,392 | $15,446,825,318 |
| 1976 | $735,324,245 | $13,604,832,424 |
| 1975 | $711,978,962 | $12,861,983,284 |
| 1974 | $563,949,254 | $13,940,981,798 |
| 1973 | $523,554,039 | $12,802,281,898 |
| 1972 | $402,451,901 | $9,567,331,065 |
| 1971 | $327,706,210 | $7,911,136,757 |
| 1970 | $293,127,333 | $6,495,605,331 |
| 1969 | - | $5,814,357,709 |
| 1968 | - | $5,228,045,415 |
| 1967 | - | $6,016,017,227 |
| 1966 | - | $5,917,437,693 |
| 1965 | - | $5,706,251,400 |
| 1964 | - | $7,340,766,415 |
| 1963 | - | $6,699,741,645 |
| 1962 | - | $6,133,158,532 |
| 1961 | - | $5,721,994,864 |
| 1960 | - | $5,536,098,360 |
Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).
GeoRank.org/economy/monaco/new-zealand | CC BY 
GDP per capita in Monaco vs New Zealand by year
| Year | Current $ | |||
|---|---|---|---|---|
|
Monaco
|
New Zealand
|
|||
| GDP per capita | GDP per capita, PPP | GDP per capita | GDP per capita, PPP | |
| 2025 | - | - | $49,591 | - |
| 2024 | $288,002 | - | $49,432 | $55,551 |
| 2023 | $256,800 | - | $49,302 | $54,697 |
| 2022 | $226,052 | - | $49,142 | $54,034 |
| 2021 | $223,823 | - | $49,902 | $48,249 |
| 2020 | $176,892 | - | $42,055 | $45,513 |
| 2019 | $193,747 | - | $42,872 | $45,278 |
| 2018 | $188,298 | - | $43,204 | $42,527 |
| 2017 | $170,663 | - | $42,912 | $42,244 |
| 2016 | $173,605 | - | $40,088 | $39,989 |
| 2015 | $170,437 | $115,700 | $38,649 | $37,513 |
| 2014 | $195,694 | - | $44,600 | $37,331 |
| 2013 | $184,941 | $78,700 | $42,985 | $36,263 |
| 2012 | $165,445 | - | $40,042 | $33,055 |
| 2011 | $179,364 | $85,500 | $38,426 | $32,739 |
| 2010 | $161,854 | - | $33,762 | $31,305 |
| 2009 | $169,150 | $63,400 | $28,277 | $30,746 |
| 2008 | $204,264 | - | $31,325 | $29,896 |
| 2007 | $184,558 | - | $32,480 | $29,331 |
| 2006 | $143,084 | $30,000 | $26,655 | $27,732 |
| 2005 | $130,539 | - | $27,751 | $25,677 |
| 2004 | $125,160 | - | $25,420 | $25,124 |
| 2003 | $111,110 | - | $21,914 | $23,996 |
| 2002 | $90,051 | - | $16,874 | $23,306 |
| 2001 | $82,403 | - | $13,883 | $22,511 |
| 2000 | $81,789 | $27,000 | $13,641 | $21,500 |
| 1999 | $89,698 | $27,000 | $15,322 | $20,579 |
| 1998 | $90,947 | - | $14,738 | $19,323 |
| 1997 | $88,582 | - | $17,474 | $19,100 |
| 1996 | $98,561 | - | $18,794 | $18,392 |
| 1995 | $99,032 | - | $17,400 | $17,864 |
| 1994 | $86,704 | - | $15,280 | $17,108 |
| 1993 | $82,685 | - | $13,094 | $15,900 |
| 1992 | $88,615 | - | $11,793 | $14,877 |
| 1991 | $80,997 | - | $12,230 | $14,501 |
| 1990 | $81,735 | - | $13,663 | $14,812 |
| 1989 | $66,816 | - | $13,312 | - |
| 1988 | $67,181 | - | $13,759 | - |
| 1987 | $62,456 | - | $12,331 | - |
| 1986 | $52,082 | - | $9,428 | - |
| 1985 | $37,690 | - | $7,601 | - |
| 1984 | $36,582 | - | $6,714 | - |
| 1983 | $39,076 | - | $7,598 | - |
| 1982 | $41,479 | - | $7,656 | - |
| 1981 | $44,157 | - | $7,814 | - |
| 1980 | $50,814 | - | $7,467 | - |
| 1979 | $44,990 | - | $6,668 | - |
| 1978 | $37,608 | - | $5,937 | - |
| 1977 | $30,875 | - | $4,951 | - |
| 1976 | $28,396 | - | $4,374 | - |
| 1975 | $27,921 | - | $4,172 | - |
| 1974 | $22,348 | - | $4,611 | - |
| 1973 | $20,882 | - | $4,323 | - |
| 1972 | $16,187 | - | $3,295 | - |
| 1971 | $13,334 | - | $2,773 | - |
| 1970 | $12,098 | - | $2,311 | - |
| 1969 | - | - | $2,097 | - |
| 1968 | - | - | $1,902 | - |
| 1967 | - | - | $2,208 | - |
| 1966 | - | - | $2,211 | - |
| 1965 | - | - | $2,171 | - |
| 1964 | - | - | $2,839 | - |
| 1963 | - | - | $2,646 | - |
| 1962 | - | - | $2,471 | - |
| 1961 | - | - | $2,365 | - |
| 1960 | - | - | $2,334 | - |
Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08); Central Intelligence Agency (CIA) (1999–2015, retrieved 2026-07-08).
GeoRank.org/economy/monaco/new-zealand | CC BY
Monaco's GDP per capita is $288,002, ranking 1/197, compared to $49,591 in New Zealand, ranking 26/197. Adjusted for purchasing power (GDP per capita PPP), Monaco ranks 6th at $115,700, while New Zealand ranks 38th at $55,551.
Economic indicators
|
Monaco
|
New Zealand
|
|
|---|---|---|
| Gross domestic product |
$11.1B
2024 |
$264B
2025 |
| GDP rank |
154/197
2024 |
53/197
2025 |
| GDP growth |
8.51%
2023-2024 |
0.46%
2024-2025 |
| GDP per capita |
$288,002
2024 |
$49,591
2025 |
| GDP per capita rank |
1/197
2024 |
26/197
2025 |
| GDP per capita, PPP |
$115,700
2015 |
$55,551
2024 |
| GDP per capita PPP rank |
6/197
2015 |
38/197
2024 |
| Government debt | n/a |
$145B
2025 |
| Debt-to-GDP ratio | n/a |
54.7%
2025 |
| Government debt per person | n/a |
$27,139
2025 |
| Government debt per person rank | n/a |
27/185
2025 |
| Average annual personal income after taxes |
$109,346
2026 |
$36,222
2026 |
| Market capitalization of domestic companies | n/a |
$103B
2025 |
| Number of billionaires |
2
2026 |
5
2026 |
| Government expenditure, % of GDP |
20%
2026 |
41.6%
2025 |
| Consumer prices inflation |
1.5%
2019-2020 |
2.84%
2024-2025 |
| Central bank interest rate | n/a |
2.25%
2025 |
| Unemployment rate |
6.33%
2016 |
5.26%
2025 |
| Population |
38054
|
5380024
|
Inflation comparison by year
| Year | Consumer prices inflation | |
|---|---|---|
|
Monaco
|
New Zealand
|
|
| 2025 | - | 2.84% |
| 2024 | - | 2.92% |
| 2023 | - | 5.73% |
| 2022 | - | 7.17% |
| 2021 | - | 3.94% |
| 2020 | 1.5% | 1.71% |
| 2019 | 1.5% | 1.62% |
| 2018 | 1.5% | 1.6% |
| 2017 | - | 1.85% |
| 2016 | - | 0.65% |
| 2015 | - | 0.29% |
| 2014 | - | 1.23% |
| 2013 | - | 1.13% |
| 2012 | - | 1.06% |
| 2011 | - | 4.03% |
| 2010 | 1.5% | 2.3% |
| 2009 | - | 2.12% |
| 2008 | - | 3.96% |
| 2007 | - | 2.38% |
| 2006 | - | 3.37% |
| 2005 | - | 3.04% |
| 2004 | - | 2.29% |
| 2003 | - | 1.75% |
| 2002 | - | 2.68% |
| 2001 | - | 2.63% |
| 2000 | 1.9% | 2.62% |
| 1999 | - | -0.11% |
| 1998 | - | 1.27% |
| 1997 | - | 1.19% |
Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08); Central Intelligence Agency (CIA) (2000–2020, retrieved 2026-07-08).
GeoRank.org/economy/monaco/new-zealand | CC BY
Over the past 21 years, Monaco has recorded an average annual inflation rate of 1.58%, compared with 2.11% in New Zealand. In 2020, inflation was 1.5% in Monaco and 2.84% in New Zealand.
Top exports between countries
|
Monaco
|
|
|---|---|
| Export category | Export value |
|
New Zealand
|
|
|---|---|
| Export category | Export value |
| Raw agricultural goods | $711M |
| Transport & tourism services | $5.5M |
| Business & finance services | $3.7M |
| Metals | $2.4M |
| Government & miscellaneous services | $1.1M |
| Machinery & equipment | $137K |
| IT & IP services | $100K |
| Processed food, beverages & tobacco | $95K |
| Chemicals & pharma | $32K |
| Animal & marine products | $30K |
Balance of trade
|
Monaco
|
New Zealand
|
|
|---|---|---|
|
Current account balance
|
n/a |
-$9.56B
2025 |
| Current account balance ranking | n/a |
174/190
2025 |
| Current account balance, % of GDP | n/a |
-3.62%
2025 |
| Goods imports | n/a |
$48.2B
2025 |
| Goods exports | n/a |
$47.2B
2025 |
| Service imports | n/a |
$20.3B
2025 |
| Service exports | n/a |
$19.5B
2025 |
| Imports of goods and services, % of GDP | n/a |
26%
2024 |
| Exports of goods and services, % of GDP | n/a |
24.7%
2024 |
Economic freedom indices
The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.
|
Monaco
|
New Zealand
|
|
|---|---|---|
| Economic freedom | 83 | 77.8 |
| Economic freedom ranking | 4/197 | 13/197 |
| Property rights | n/a | 85.4 |
| Government integrity | n/a | 90 |
| Judicial effectiveness | n/a | 95.9 |
| Tax burden | n/a | 66.1 |
| Government spending | n/a | 48 |
| Fiscal health | n/a | 72.2 |
| Business freedom | n/a | 89.1 |
| Labor freedom | n/a | 68.6 |
| Monetary freedom | n/a | 77.4 |
| Trade freedom | n/a | 90.6 |
| Investment freedom | n/a | 70 |
| Financial freedom | n/a | 80 |
Other economic metrics
|
Monaco
|
New Zealand
|
|
|---|---|---|
| Services, % of GDP |
87.2%
2024 |
68.2%
2023 |
| Industry, % of GDP |
12.8%
2024 |
19.4%
2023 |
| Agriculture, forestry, and fishing, % of GDP | n/a |
4.01%
2023 |
|
GNI, Atlas method
|
n/a |
$248B
2025 |
| GNI per capita, PPP | n/a |
$53,600
2025 |
| Total reserves including gold | n/a |
$28.2B
2025 |
| Total reserves ranking | n/a |
59/177
2025 |
|
Net foreign direct investment
|
n/a |
-$3.58B
2025 |
|
Net inflows of foreign direct investment
|
n/a |
$1.76B
2024 |
|
Net outflows of foreign direct investment
|
n/a |
$882M
2024 |
|
Gross capital formation, % of GDP
|
n/a |
23.1%
2024 |
GDP per capita map
Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).
GeoRank.org/economy/monaco/new-zealand | CC BY
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Data sources:
- World Bank | Economy & Growth (1960–2026, retrieved 2026-07-08)
- U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
- The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-07-08)
- Central Intelligence Agency (CIA) (1999–2020, retrieved 2026-07-08)
- TradeMap (2015–2025, retrieved 2026-07-08)
- International Monetary Fund (IMF) | Fiscal Monitor (2025, retrieved 2026-07-08)
- United Nations | World Population Prospects (2026, retrieved 2026-07-08)
- LivingCost (2026, retrieved 2026-07-08)
Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.
The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.
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.
A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).
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.
Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.
Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.