Monaco has a GDP of $11.1B compared to $34.9B for North Korea, ranking 152/197 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.
| 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 | $8,345,233,814 | $28,971,360,000 | - |
| 2023 | $10,003,892,565 | $8,799,544,245 | $32,155,360,000 | - |
| 2024 | $11,125,783,372 | $9,548,432,765 | $34,943,120,000 | - |
Economic indicators
|
Monaco
|
North Korea
|
|
|---|---|---|
| Gross domestic product |
$11.1B
2024 |
$34.9B
2024 |
| GDP rank |
152/197
2024 |
106/197
2024 |
| GDP growth |
11.2%
2023-2024 |
8.67%
2023-2024 |
| GDP per capita |
$288,001
2024 |
$1,319
2024 |
| GDP per capita rank |
1/197
2024 |
168/197
2024 |
| GDP per capita, PPP |
$115,700
2015 |
$1,700
2015 |
| Average annual personal income after taxes |
$97,128
2026 |
$1,642
2026 |
| 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 |
38082
|
26634259
|
GDP per capita in Monaco vs North Korea
Monaco's GDP per capita is $288,001, 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 193rd at $1,700.
| 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 | $256,800 | - | $1,217 | - |
| 2024 | $288,001 | - | $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 |
87.2%
2024 |
n/a |
| Industry, % of GDP |
12.8%
2024 |
n/a |
Net inflows of foreign direct investment
|
n/a |
$203K
1989 |
|
Net outflows of foreign direct investment
|
n/a |
$0
2024 |
GDP per capita map
GDP per capita
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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.