Current Account in Montenegro

Montenegro Current Account | Economic News & Forecasts

Montenegro - Current Account

After the economy grew at a rapid year-on-year pace in the second quarter, available data for Q3 remains largely positive. Industrial output returned to growth on average in the first two months of the quarter after Q2’s steep contraction, although it flatlined in August. Moreover, retail sales growth jumped in July–August, with a tightening labor market in the quarter as a whole likely supporting household spending. A marked increase in goods imports in July and August further highlights strengthening domestic demand. Moreover, tourist arrivals and overnight stays continued to expand at robust paces in the same two months, boding well for overall activity. In other news, the government is aiming to introduce a progressive corporate income tax to reduce the grey economy and support growth. This should modernize the tax system and align the country more closely with the EU.

Montenegro - Current Account Data

2015   2016   2017   2018   2019  
Current Account (% of GDP)-11.0  -16.3  -16.2  -16.8  -15.4  

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Montenegro Current Account Chart

Montenegro Current Account
Note: Current account balance as % of GDP.
Source: Central Bank of Montenegro

Montenegro Facts

Value Change Date
Exchange Rate1.120.65 %Dec 31

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