Gouvernement Princier de Monaco
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The Economy

An economic development model meeting the challenges of the 21st century

The relevance of the brave and visionary choices made by its Princes throughout its history have made of Monaco a stable sovereign State envied by many, enjoying uninterrupted growth and healthy finances.

The Sovereign Prince has clearly addressed this question by drawing up a proactive roadmap for the Government to promote the Principality's attractiveness, while setting a reasonable strategy for growth for the country.

By establishing a proactive road map to be followed by the Prince's Government to increase the Principality’s attractiveness, the Sovereign Prince has clearly overcome these challenges, guiding the country on a path of sustainable growth.

A country focused on success

All of the country's energy has been mobilised to preserve the growth of its economy, to create new sources of growth and to preserve the exemplary nature of the Monegasque model.

The Prince's Government actively contributes to expand the Monegasque economy by establishing development targets in line with its forward-looking vision for the country. It thus promotes the creation of new businesses and the arrival of new residents. The Government is continuing to simplify procedures, and has set up bodies dedicated to assisting entrepreneurs in relocating and developing their businesses. Click here to find out more

Sustainable development at the economy’s core

The growth of the Monegasque economy does not only meet quantitative goals. The work performed by the Prince's Government aims at including its growth model in a virtuous circle of sustainable development, in line with the vision expressed by H.S.H. the Sovereign Prince for the responsible growth of the country. Click here to find out more

Analysis and statistics: tools for innovation

The Prince's Government wishes to offer all economic and social stakeholders forward planning tools to assist in decision-making. This will enable them to progress more confidently with long-term aims. Although this is a difficult period, it should nevertheless be conducive to inventiveness and harnessing higher performance. Click here to find out more

Leisure and Business Tourism: developing attractiveness

The Principality is a source of attractiveness in itself. Its location, its quality of life, the excellence of its infrastructures, and the multitude of cultural and sporting events that take place throughout the year make it a dream destination for tourists, both for leisure and for business.

To maintain and strengthen these advantages, the Prince's Government has made it a priority to conduct an innovative policy for leisure and business tourism. Click here to find out more

A major stakeholder in the Northern Mediterranean labour market

Monaco is not an isolated territory, cut off from the rest of the world. As a fast-developing sovereign nation, the Principality's economy forms part of the Mediterranean economic basin that extends from the Italian Riviera to the French Cote d'Azur. Every day, thousands of professionals come to work in Monaco, in an exchange that is mutually beneficial to all the countries involved. People of 120 nationalities from all continents bolster the Monegasque economy with their experience and expertise.

By facilitating business development, the Prince's Government strives to maintain Monaco’s central position as a major economic and social stakeholder in the Northern Mediterranean labour market. Click here to find out more

Money laundering and terrorist financing: An ongoing fight against illicit activities

Since the first anti-money laundering law of 1993, Monaco has continued to pursue an active policy with regard to the fight against money laundering and terrorist financing. This commitment is steadfast at both the national and international levels.

To oversee the implementation of these measures, the Principality has created a financial investigation unit (CRF), the Service d’Information et de Contrôle sur les Circuits Financiers (SICCFIN).

The actions of the Monaco Government contribute to the development and the modernisation of Monaco as a financial centre by focussing on best practices and standards of regulation and control, in terms of combatting money laundering and terrorist financing. Click here to find out more .