Monaco: IMSEE renews its study on the gender pay gap
The Monaco Institute of Statistics and Economic Studies (IMSEE) has released a new analysis of wage differences between women and men in Monaco for 2024, continuing the work initiated with the first study in 2019, commissioned by the Committee for the Promotion and Protection of Women’s Rights.
The institute has maintained the same methodology as in the initial report, using data provided by the Caisses Sociales de Monaco for private-sector employees, and complementing it with information from the Department of Human Resources and Civil Service Training for public-sector workers.
In the public sector, the average indexed salary for women is now 2.4% higher than for men, compared to only 0.7% in 2019. Moreover, the proportion of women in high-level positions is now almost equal, reaching 49.1% (up from 47% in 2019). However, when analyzing job categories (A, B, C), men still earn higher average indices, although these differences have narrowed in recent years.
In the private sector, the gap remains but shows marked improvement: in 2024, the average monthly salary of men is 18.6% higher than that of women, compared to 28.5% in 2019.
As for the hourly wage, which adjusts for differences in working time, the gap decreases to 16.4% (from 20.9% in 2019), equivalent to €5.10 more per hour earned by men.
However, these averages can be distorted by a small number of very high male salaries. When considering the median salary, the disparity virtually disappears: the difference stands at just 0.1%, or €1.90 more per month for men. For comparison, in 2023, this gap was 6.2% in France and 11.5% across OECD countries.
Beyond the 2024 snapshot, IMSEE also examined the evolution of pay disparities over time. Findings show a steady reduction in private-sector gaps, with a 10-point decrease in monthly wages and nearly 6 points in hourly wages since 2012.
The full IMSEE report on the measurement of gender pay differences is available on the official website 👉 www.imsee.mc.
