Monaco's building boom fades — and its workforce with it

Monaco construction continues to cool after record-breaking boom

Good Morning Monaco Thursday, July 30, 2026 Monaco construction continues to cool after record-breaking boom Monaco’s construction sector remained one of the Principality’s economic powerhouses in 2025 despite a sharp slowdown following three years of exceptional activity, according to the latest figures from the Monegasque Institute of Statistics and Economic Studies (IMSEE)… Monaco moves to implement OECD’s global minimum tax to safeguard fisc…

Monaco's building boom fades — and its workforce with it

Turnover in Monaco’s construction sector fell by more than a third in 2025, a decline of close to €1 billion, as the major projects that had powered three exceptional years drew to a close, according to the latest report from the Principality’s statistics institute, IMSEE. The sector’s revenue dropped 36.1% to €1.75 billion, a fall that accounted for more than half of the €1.6 billion (7.6%) decline in Monaco’s total revenue for the year, exclud…