After a complicated 2020, 2021 marked the resumption of activity in France, but also in Monaco. Here are the key things to remember.
The Monegasque Institute for Statistics and Economic Studies (IMSEE) has published its annual report Monaco in figures.
On the program, seven chapters scan all the data of the State. From demography to the environment, including transport and even living conditions, everything is grouped there.
Among the many information, impossible to miss those devoted to the economy.
For 2021, Monaco is regaining some color, particularly in terms of employment. In total, the principality has 58,087 employees compared to 55,919 in 2020.
This is even more than in 2019, the reference year, when the IMSEE identified 57,867.
In detail, the private sector still represents the largest share of employees – 53,079 – compared to the public sector -5,008.
Real estate in good shape
This is a sector that knows little or no crisis. After a decline in 2020, real estate activity is on the rise again.
As a result, more than 400 transactions were recorded – sales and resales – on this 2 km² territory, i.e. a level equivalent to that of 2019.
Prices have been steadily rising for the past few years. Thus, since 2021, it is necessary to count 51,912 euros for a square meter against 47,619 in 2020 and 48,151 in 2019.
A long-standing flight. Between 2012 and 2021, the price per square meter has increased by 74.3%.
Scientific and technical activities as well as administrative and support services account for the most jobs: 14,401.
New tourism dynamic
The easing of health measures at certain times of the year has made it possible to reconnect with tourism.
In total, 566,536 overnight stays were recorded in hotels in the Principality, i.e. 39.6% more than in 2020. An encouraging increase but well below the 930,481 overnight stays in 2019.
The French were the most present tourists, ahead of the Italians and the British.
According to IMSEE, the GDP for 2020 is 5,967.6 million euros. An amount 9.5% lower than in 2019.
The dynamic seems to continue for 2022 with positive prospects, as evidenced by the attendance report for the Formula 1 Grand Prix.