Monaco narrows the gender pay gap
Monaco reduces the gender pay gap, according to Imsee
In a study published by the Monegasque Institute for Statistics and Economic Studies (IMSEE) based on data from 2024, the Principality has seen a significant reduction in the gender pay gap. This development is part of a positive shift towards pay equity in the Monegasque labor market.
A long-term trend towards greater equality
The IMSEE has renewed and updated its analysis of wage gaps, initially carried out in 2019, using comparable methods in order to observe changes over several years. The data comes from Monaco's social security funds for the private sector, supplemented by human resources data from the civil service.
Over the long term, the monthly wage gap between men and women in the private sector has narrowed by around 10 points since 2012. This decline can also be seen when comparing hourly wages, although these remain influenced by certain high male salaries.
Public sector: gender parity taking hold
In the civil service, the figures now show a slight trend in favor of women:
their average index-linked pay is 2.4% higher than that of men, compared with only 0.7% in 2019.
Another encouraging sign is that the representation of women in highly skilled positions is almost equal, with 49.1% of women compared to 47% five years earlier.
In the private sector: real progress
Although wage inequalities persist in the private sector, they are clearly decreasing. In 2024:
The average monthly wage gap in favor of men is 18.6%, compared to 28.5% in 2019.
In terms of hourly wages (the preferred indicator for neutralizing differences in working hours), the gap is now 16.4%, representing an average increase of €5.10 per hour for men.
Median view: the gap almost eliminated
When we consider the median salary, which is often more representative of actual living standards:
The gender pay gap in Monaco is now only 0.1%, or just €1.90 more on average for men. By way of comparison, the median gap in France was still 6.2% in 2023, and 11.5% on average in OECD countries.
This result highlights a sustained trend towards reducing wage inequality in the Principality, to the extent that Monaco ranks among the most egalitarian European territories in this respect.
