PEST Analysis: Monaco

January 2024

Although Monaco enjoys political stability, questions remain over transparency in financial services. Given that tourism is a significant revenue earner, Monaco’s economy experienced a severe recession stemming from the Coronavirus (COVID-19) pandemic. A growing population adds to consumer market appeal, where wealthy residents support discretionary spending, but Monaco’s populace is also ageing. Its technological landscape is highly advanced, with solid internet use and 5G availability.

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Overview:

Country Profiles examine the economic and political trends in 210 countries and associated regions, serving as a one-stop-shop for data and analysis on the economy, political landscape and the business environment. This report series allows you to understand the macro-economic environment as a basis for strategic planning.

If you're in the Commodities industry in Monaco, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty

The Commodities in Monaco report includes:

Analysis of the country's political and macroeconomic stability
An overview of the economic structure and major industries
Latest economic performance

This report answers:

What is the economic outlook?
How stable is the political environment?
What are the country's risks and vulnerabilities?
What are the best sectors for investment?
Where should we focus our expansion strategy?
Which countries are moving up the value added chain away from primary sectors?