GDP in Montenegro
Montenegro - GDPThe Montenegrin economy is expected to have grown at a broadly-stable pace in 2016. A strong tourism season, growth in the mining and energy sector, and robust growth in private credit helped offset delays in the construction of the vital Belgrade-Bar highway. The fiscal deficit is expected to have narrowed last year in large part owing to highway construction delays. In its latest Article IV consultation of late February, the IMF warned that a stronger fiscal commitment is necessary to improve the government’s future investment capacity and reduce exposure to adverse shocks as the debt burden is mounting. The Fund pressed the authorities to implement their medium-term fiscal consolidation plan which envisages reducing spending and improving tax collection.
Montenegro - GDP Data
|Economic Growth (GDP, annual variation in %)||3.2||-1.6||3.7||3.9||4.2|
5 years of economic forecasts for more than 30 economic indicators.
Montenegro GDP Chart
Source: Statistical Office of Montenegro (MONSTAT).
|Exchange Rate||1.08||-0.13 %||Mar 23|
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.