Monaco Regulatory Quality

Monaco’s regulatory quality score rose from 1.27 in 2015 to an all‑time peak of 1.46 in 2025, placing the principality 19th globally and tying it with peers such as Andorra (1.46) and the Virgin Islands (US) (1.46). The upward trajectory was interrupted by a trough of 1.19 in 2018, after which reforms in business licensing and transparency standards propelled a steady improvement over the subsequent seven years. Compared with Lithuania (1.47) and Bahrain (1.42), Monaco’s score now sits just below the former and marginally above the latter, reflecting a regulatory environment that is increasingly conducive to private sector activity while still lagging slightly behind the highest‑performing small economies. The ten‑year coverage shows a consistent gain, suggesting that continued alignment with international best practices and further digitisation of procedures could sustain the positive trend, while any reversal in reform momentum would likely flatten or reverse the recent gains.