The Employment Observatory has just submitted its data to the Monegasque Institute of Statistics (IMSEE) for the first time. 

They show strong growth in the Principality.

These growth figures would be the stuff of dreams for many countries... Just recently provided by the Employment Observatory, they show that the Principality's economic dynamism is well established. It can be read from the very first lines of the report: between 2013 and 2022, the country recorded a 25% increase in employment, which corresponds to the creation, in ten years, of 14,000 jobs, all sectors combined.
In the private sector alone, which accounts for more than 90% of salaried employment, the increase over the last ten years is 22.3%, or 12 000 additional jobs.

This corresponds to an average annual growth rate for Monaco of 2.3%. Employment in the private sector has thus grown much faster than in the public sector (plus 5.2% between 2021 and 2022 for the private sector compared to 0.8% for the public sector). The same applies to the activities of the self-employed, which have increased by 3.3% in one year.

At the end of 2022, the Principality had 71,314 jobs, including more than 65,000 salaried jobs (in the private sector) and nearly 6,200 activities opened by self-employed workers. 55,472 employees were registered in the private sector in December 2022 (an employee can hold several jobs), which corresponds to 2,324 more people than at the same time in 2021, i.e. an increase of 4.4%.

 

 

 

 

Date: 
Tuesday, April 25, 2023