Facts & Figures about the Principality of Monaco

 September 20, 2018

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Facts & Figures

  • Motto “Deo Juvante” / “With God’s Help”
  • Official languages French
  • Religion Roman Catholicism
  • Currency Euro (EUR)
  • Calling code +377
  • ISO 3166 code MC

Geography

  • Surface 202.7 hectares
  • Surface 2.02 sq.km
  • Length of land border 5 469 meters

Population

  • 2016 update 37,308
  • Female 19.068 (50.1%)
  • Male 18,240 (48.9%)
  • Birth (2017) 958
  • Monegasque nationality (2016) 8,378

Economy

  • GDP (2015) 5.64 billion euros
  • GDP Growth rate (2015) 5.4%
  • Employment (2015) 51,956
  • Banks (institutions entitled to receive all types of deposits) (2016) 33

Real-Estate market

  • Average price per sq.m (2016) 41,420 Euro
  • Real estate sales (2016) 33 (valued at 453,500,000 Euro)
  • Real estate resales (2016) 520 (valued at 2,212,700,000 Euro)

The census of the population, carried out on average once every 10 years, allows the population to be counted and provides an understanding of Monaco’s resident population and housing stock. It covers everyone living within the Principality’s territory.

Population

As at 7 June 2016, Monaco’s resident population was estimated at 37,308 which is an increase of 5.5% compared with 2008.

It is also interesting to see that the Principality of Monaco has a female-male breakdown of 50.1% for the females and only 48.9% for the males.

The average age in Monaco is 46.5 years old. 45.5 for the male and 47.4 for the females.

A total of 139 different nationalities were recorded among residents. Furthermore the census recorded 8,378 residents of Monegasque nationality. This means 77.5% of the Principality is formed by the foreign residents.

More interestingly a quarter of all residents in 2016 had moved to the Principality of Monaco during the last eight years.

The majority of residents aged 17 or over live with a partner. More than half of residents live with a spouse.


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Employment

Monaco attracts an educated population: 23% of those aged 17 and over hold the equivalent of a master’s degree (bac+5) or higher, and this figure increases to nearly 33% among residents who arrived in the Principality between 2008 and 2016.

In 2016, nearly one in two residents aged 17 or over was employed, and one in three was in retirement or retired from business. The level of unemployment among the population aged 17 and over was 2%. Among those in employment, 58% were men.

Almost 90% of residents who work are employed in the Principality. While in 2016, self-employed workers and company directors represented more than a third of the working population.


monaco-bird-viewHow-to apply for a job in Monaco

Applying for a Monaco based job could be one of the most important topic for a foreign resident. In Monaco no foreigner may occupy a private salaried position without government authorisation!

Read our related reportage


Housing

The total number of residential units in Monaco was estimated at 19,534 on 7 June 2016, of which 89% were main residences.

Sixty-three percent of main residences are occupied by at least one tenant or subtenant.

The Monte-Carlo district has the highest number of residences, while Monaco-Ville has the lowest.

 

The average number of rooms in a main residence in 2016 was 2.9.

Three-room homes are the most common type of main residence in the Principality. And 25% of households in main residences had at least one pet.

Households in main residences own an average of 1.4 cars.

For the latest and more detailed information we encourage you to visit the Institut Monégasque de la Statistique et des Études Économiques.


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Living in Monaco

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Monaco: The Essential Relocation Guide

In this book, contributing authors André C Perry, Charlotte Easterbrook and Zsolt Szemerszky have compiled the most important and vital information required to help guide you through the process of relocating to the Principality of Monaco. Being independent experts, they also spiced up the chapters with their personal knowledge on the relocation process to create this in-depth and essential relocation guide.

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