GDP in Montenegro

Montenegro GDP | Economic News & Forecasts

Montenegro - GDP

The Montenegrin economy shifted into higher gear in the final quarter of 2016. Annual GDP growth accelerated to 3.4% in Q4, an over-one year high. Faster growth was buttressed by robust growth in the domestic economy. Growth in private consumption and government consumption quickened while growth in fixed investment decelerated though continue to grow at a double-digit rate. The strong quarterly print failed to add much momentum to the economy and full-year growth came in at 2.5%, far lower than 2015’s figure. More recent indicators suggests that the economy remains on an even footing. The volatile industrial production index rebounded in February and tourist arrivals expanded healthily in the first two months of the year.

Montenegro - GDP Data

2012  2013  2014  2015  2016  
Economic Growth (GDP, annual variation in %)-     -     -     -     -     

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Montenegro GDP Chart

Montenegro GDP
Note: Annual variation of gross domestic product (GDP) in %.
Source: Statistical Office of Montenegro (MONSTAT).

Montenegro Facts

Exchange Rate1.07-0.05 %Apr 06

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