What Monaco’s record-breaking GDP per employee really says about its economy

What Monaco’s record-breaking GDP per employee really says about its economy

Monaco now produces more economic output per worker than ever before, with new data showing GDP per employee hit €152,277 in 2024. It’s a striking number — not only because it’s a record, but because of what it says about how Monaco’s economy really functions. In most countries, GDP per employee is a useful benchmark for productivity — how much value each job generates in real terms. But in Monaco, where the population is small, space is limited…