Monaco has a GDP of $10B compared to $34.9B for North Korea, ranking 153/197 and 106/197 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.
Monaco
GDP, current $
GDP, constant 2015 $
North Korea
GDP, current $
GDP, constant 2015 $
| Year | GDP | |||
|---|---|---|---|---|
Monaco
|
North Korea
|
|||
| Current $ | Constant $ | Current $ | Constant $ | |
| 1970 | $293,127,333 | $1,764,785,206 | - | - |
| 1971 | $327,706,210 | $1,857,049,235 | - | - |
| 1972 | $402,451,901 | $1,943,370,634 | - | - |
| 1973 | $523,554,039 | $2,070,734,432 | - | - |
| 1974 | $563,949,254 | $2,163,391,744 | - | - |
| 1975 | $711,978,962 | $2,142,349,785 | - | - |
| 1976 | $735,324,245 | $2,236,862,305 | - | - |
| 1977 | $811,191,392 | $2,316,343,303 | - | - |
| 1978 | $1,000,555,218 | $2,407,921,124 | - | - |
| 1979 | $1,209,870,147 | $2,493,021,991 | - | - |
| 1980 | $1,378,175,524 | $2,535,040,816 | - | - |
| 1981 | $1,205,188,648 | $2,558,423,484 | - | - |
| 1982 | $1,143,216,457 | $2,620,654,307 | - | - |
| 1983 | $1,092,560,365 | $2,651,970,428 | - | - |
| 1984 | $1,037,329,604 | $2,691,339,343 | - | - |
| 1985 | $1,082,867,507 | $2,737,326,250 | - | - |
| 1986 | $1,515,234,743 | $2,804,455,472 | - | - |
| 1987 | $1,839,081,463 | $2,874,134,249 | - | - |
| 1988 | $2,000,704,745 | $3,006,304,229 | - | - |
| 1989 | $2,010,083,833 | $3,131,476,494 | - | - |
| 1990 | $2,481,307,077 | $3,214,255,640 | - | - |
| 1991 | $2,480,540,845 | $3,246,884,485 | - | - |
| 1992 | $2,737,049,231 | $3,291,257,692 | - | - |
| 1993 | $2,574,494,356 | $3,261,178,239 | - | - |
| 1994 | $2,720,332,135 | $3,333,433,694 | - | - |
| 1995 | $3,130,309,995 | $3,404,007,586 | - | - |
| 1996 | $3,137,886,995 | $3,441,816,981 | - | - |
| 1997 | $2,840,195,190 | $3,518,819,006 | - | - |
| 1998 | $2,934,593,468 | $3,642,092,596 | - | - |
| 1999 | $2,907,118,641 | $3,762,301,282 | - | - |
| 2000 | $2,654,462,665 | $3,909,415,913 | - | - |
| 2001 | $2,673,723,034 | $3,994,943,522 | - | - |
| 2002 | $2,919,647,982 | $4,035,951,521 | - | - |
| 2003 | $3,597,089,751 | $4,079,843,968 | - | - |
| 2004 | $4,043,551,489 | $4,180,635,804 | - | - |
| 2005 | $4,204,652,899 | $4,259,876,165 | - | - |
| 2006 | $4,586,826,513 | $4,507,700,786 | - | - |
| 2007 | $5,875,790,766 | $5,158,500,738 | - | - |
| 2008 | $6,502,942,245 | $5,197,028,095 | - | - |
| 2009 | $5,474,379,252 | $4,607,841,718 | $23,356,470,000 | - |
| 2010 | $5,367,561,570 | $4,703,003,769 | $25,995,513,000 | - |
| 2011 | $6,088,689,808 | $5,033,265,481 | $29,005,020,000 | - |
| 2012 | $5,742,749,294 | $5,084,213,121 | $29,890,710,000 | - |
| 2013 | $6,555,591,710 | $5,571,133,211 | $30,588,922,000 | - |
| 2014 | $7,070,017,324 | $5,971,532,102 | $30,554,460,000 | - |
| 2015 | $6,264,756,528 | $6,264,756,528 | $30,723,030,000 | - |
| 2016 | $6,471,290,794 | $6,453,228,194 | $28,882,640,000 | - |
| 2017 | $6,430,254,653 | $6,246,325,874 | $29,105,440,000 | - |
| 2018 | $7,184,333,936 | $6,602,235,351 | $28,536,400,000 | - |
| 2019 | $7,383,496,254 | $7,072,373,237 | $28,222,880,000 | - |
| 2020 | $6,730,736,283 | $6,136,054,330 | $27,728,240,000 | - |
| 2021 | $8,623,242,743 | $7,500,235,157 | $32,301,720,000 | - |
| 2022 | $8,800,430,486 | $8,328,781,592 | $28,971,360,000 | - |
| 2023 | $9,995,350,547 | $8,748,833,913 | $32,155,360,000 | - |
| 2024 | - | - | $34,943,120,000 | - |
Economic indicators
|
Monaco
|
North Korea
|
|
|---|---|---|
| Gross domestic product |
$10B
2023 |
$34.9B
2024 |
| GDP rank |
153/197
2023 |
106/197
2024 |
| GDP growth |
13.6%
2022-2023 |
8.67%
2023-2024 |
| GDP per capita |
$256,581
2023 |
$1,319
2024 |
| GDP per capita rank |
1/197
2023 |
168/197
2024 |
| GDP per capita, PPP |
$115,700
2015 |
$1,700
2015 |
| Average annual personal income after taxes |
$97,128
2025 |
$1,642
2025 |
| Number of billionaires |
2
2025 |
n/a |
| Government expenditure, % of GDP |
20%
2025 |
n/a |
| Consumer prices inflation |
1.5%
2019-2020 |
n/a |
| Unemployment rate |
6.33%
2016 |
25.6%
2013 |
| Population |
38341
|
26621357
|
GDP per capita in Monaco vs North Korea
Monaco's GDP per capita is $256,581, ranking 1/197, compared to $1,319 in North Korea, ranking 168/197. Adjusted for purchasing power (GDP per capita PPP), Monaco ranks 6th at $115,700, while North Korea ranks 192nd at $1,700.
Monaco
GDP per capita
GDP per capita, PPP
North Korea
GDP per capita
GDP per capita, PPP
| Year | Current $ | |||
|---|---|---|---|---|
|
Monaco
|
North Korea
|
|||
| GDP per capita | GDP per capita, PPP | GDP per capita | GDP per capita, PPP | |
| 1970 | $12,098 | - | - | - |
| 1971 | $13,334 | - | - | - |
| 1972 | $16,187 | - | - | - |
| 1973 | $20,882 | - | - | - |
| 1974 | $22,348 | - | - | - |
| 1975 | $27,921 | - | - | - |
| 1976 | $28,396 | - | - | - |
| 1977 | $30,875 | - | - | - |
| 1978 | $37,608 | - | - | - |
| 1979 | $44,990 | - | - | - |
| 1980 | $50,814 | - | - | - |
| 1981 | $44,157 | - | - | - |
| 1982 | $41,479 | - | - | - |
| 1983 | $39,076 | - | - | - |
| 1984 | $36,582 | - | - | - |
| 1985 | $37,690 | - | - | - |
| 1986 | $52,082 | - | - | - |
| 1987 | $62,456 | - | - | - |
| 1988 | $67,181 | - | - | - |
| 1989 | $66,816 | - | - | - |
| 1990 | $81,735 | - | - | - |
| 1991 | $80,997 | - | - | - |
| 1992 | $88,615 | - | - | - |
| 1993 | $82,685 | - | - | - |
| 1994 | $86,704 | - | - | - |
| 1995 | $99,032 | - | - | - |
| 1996 | $98,561 | - | - | - |
| 1997 | $88,582 | - | - | - |
| 1998 | $90,947 | - | - | - |
| 1999 | $89,698 | $27,000 | - | $1,000 |
| 2000 | $81,789 | $27,000 | - | $1,000 |
| 2001 | $82,403 | - | - | - |
| 2002 | $90,051 | - | - | $1,000 |
| 2003 | $111,110 | - | - | $1,300 |
| 2004 | $125,160 | - | - | $1,700 |
| 2005 | $130,539 | - | - | $1,700 |
| 2006 | $143,083 | $30,000 | - | $1,800 |
| 2007 | $184,559 | - | - | $1,700 |
| 2008 | $204,264 | - | - | $1,800 |
| 2009 | $169,150 | $63,400 | $939 | $1,800 |
| 2010 | $161,854 | - | $1,040 | - |
| 2011 | $179,364 | $85,500 | $1,156 | $1,800 |
| 2012 | $165,445 | - | $1,186 | - |
| 2013 | $184,941 | $78,700 | $1,208 | - |
| 2014 | $195,694 | - | $1,201 | $1,800 |
| 2015 | $170,437 | $115,700 | $1,201 | $1,700 |
| 2016 | $173,605 | - | $1,124 | - |
| 2017 | $170,663 | - | $1,127 | - |
| 2018 | $188,298 | - | $1,100 | - |
| 2019 | $193,747 | - | $1,084 | - |
| 2020 | $176,892 | - | $1,061 | - |
| 2021 | $223,823 | - | $1,231 | - |
| 2022 | $226,052 | - | $1,100 | - |
| 2023 | $256,581 | - | $1,217 | - |
| 2024 | - | - | $1,319 | - |
Economic freedom indices
The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.
|
Monaco
|
North Korea
|
|
|---|---|---|
| Economic freedom | 83 | 3 |
| Economic freedom ranking | 4/197 | 197/197 |
| Property rights | n/a | 15.7 |
| Government integrity | n/a | 4 |
| Judicial effectiveness | n/a | 5.9 |
| Tax burden | n/a | 0 |
| Government spending | n/a | 0 |
| Fiscal health | n/a | 0 |
| Business freedom | n/a | 5 |
| Labor freedom | n/a | 5 |
| Monetary freedom | n/a | 0 |
| Trade freedom | n/a | 0 |
| Investment freedom | n/a | 0 |
| Financial freedom | n/a | 0 |
More economic indicators
|
Monaco
|
North Korea
|
|
|---|---|---|
| Services, % of GDP |
88.5%
2023 |
n/a |
| Industry, % of GDP |
11.5%
2023 |
n/a |
Net inflows of foreign direct investment
|
n/a |
$203K
1989 |
GDP per capita map
GDP per capita
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Economy comparisons
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.