Monaco has a GDP of $11.1B compared to $19.8M for the Vatican, ranking 154/197 and 197/197 by economy size, respectively.
Monaco vs Vatican GDP by year
| Year | GDP, current $ | |
|---|---|---|
|
|
|
|
| 2024 | $11,125,788,838 | - |
| 2023 | $10,003,897,341 | - |
| 2022 | $8,800,432,774 | - |
| 2021 | $8,623,241,327 | - |
| 2020 | $6,730,733,231 | - |
| 2019 | $7,383,494,129 | - |
| 2018 | $7,184,336,760 | - |
| 2017 | $6,430,258,225 | - |
| 2016 | $6,471,287,669 | - |
| 2015 | $6,264,753,586 | - |
| 2014 | $7,070,015,474 | - |
| 2013 | $6,555,590,642 | - |
| 2012 | $5,742,748,406 | - |
| 2011 | $6,088,690,667 | - |
| 2010 | $5,367,561,640 | - |
| 2009 | $5,474,381,528 | - |
| 2008 | $6,502,945,305 | - |
| 2007 | $5,875,787,545 | - |
| 2006 | $4,586,828,062 | - |
| 2005 | $4,204,651,894 | - |
| 2004 | $4,043,553,261 | - |
| 2003 | $3,597,090,047 | - |
| 2002 | $2,919,647,992 | - |
| 2001 | $2,673,722,829 | - |
| 2000 | $2,654,462,466 | - |
| 1999 | $2,907,118,417 | - |
| 1998 | $2,934,593,468 | - |
| 1997 | $2,840,195,190 | - |
| 1996 | $3,137,886,995 | - |
| 1995 | $3,130,309,995 | - |
| 1994 | $2,720,332,135 | - |
| 1993 | $2,574,494,356 | - |
| 1992 | $2,737,049,231 | - |
| 1991 | $2,480,540,845 | - |
| 1990 | $2,481,307,077 | - |
| 1989 | $2,010,083,833 | - |
| 1988 | $2,000,704,745 | - |
| 1987 | $1,839,081,463 | - |
| 1986 | $1,515,234,743 | - |
| 1985 | $1,082,867,507 | - |
| 1984 | $1,037,329,604 | - |
| 1983 | $1,092,560,365 | - |
| 1982 | $1,143,216,457 | - |
| 1981 | $1,205,188,648 | - |
| 1980 | $1,378,175,524 | - |
| 1979 | $1,209,870,147 | - |
| 1978 | $1,000,555,218 | - |
| 1977 | $811,191,392 | - |
| 1976 | $735,324,245 | - |
| 1975 | $711,978,962 | - |
| 1974 | $563,949,254 | - |
| 1973 | $523,554,039 | - |
| 1972 | $402,451,901 | - |
| 1971 | $327,706,210 | - |
| 1970 | $293,127,333 | - |
Data sources: World Bank | Economy & Growth (1970–2024, retrieved 2026-07-08).
GeoRank.org/economy/monaco/vatican | CC BY
Economic indicators
|
|
|
|
|---|---|---|
| Gross domestic product |
$11.1B
2024 |
$19.8M
2026 |
| GDP rank |
154/197
2024 |
197/197
2026 |
| GDP growth |
8.51%
2023-2024 |
n/a |
| GDP per capita |
$288,002
2024 |
$19,800
2026 |
| GDP per capita rank |
1/197
2024 |
61/197
2026 |
| GDP per capita, PPP |
$115,700
2015 |
$39,191
2026 |
| GDP per capita PPP rank |
6/197
2015 |
59/197
2026 |
| Average annual personal income after taxes |
$109,346
2026 |
$18,688
2026 |
| Number of billionaires |
2
2026 |
n/a |
| Government expenditure, % of GDP |
20%
2026 |
n/a |
| Consumer prices inflation |
1.5%
2019-2020 |
n/a |
| Unemployment rate |
6.33%
2016 |
n/a |
| Population |
38054
|
939
|
Economic freedom indices
The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.
Other economic metrics
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/vatican | CC BY
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Data sources:
- World Bank | Economy & Growth (1970–2026, retrieved 2026-07-08)
- U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
- Central Intelligence Agency (CIA) (2015–2026, retrieved 2026-07-08)
- United Nations | World Population Prospects (2026, retrieved 2026-07-08)
- LivingCost (2026, retrieved 2026-07-08)
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