GDP in Montenegro
Montenegro - GDPThe Montenegrin economy lost some momentum in the third quarter of 2016 and expanded 2.4% annually, slightly below the growth rate posted in the previous quarter. A contraction in government consumption and a slowdown in fixed investment prevented a stronger expansion. To keep the economy on a solid footing, newly appointed Prime Minister Dusko Markovic is hoping to encourage investment in infrastructure by improving the business climate. In parallel, the country opened two new chapters in its EU accession talks, which started in 2012, bringing the total number of chapters opened to 26 out of 35.
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.
Note: Annual variation of gross domestic product (GDP) in %.
Montenegro GDP Chart
Source: Statistical Office of Montenegro (MONSTAT).
|Exchange Rate||1.07||0.63 %||Jan 20|
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