GDP in Montenegro

Montenegro GDP | Economic News & Forecasts

Montenegro - GDP

The 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

2011  2012  2013  2014  2015  
Economic Growth (GDP, annual variation in %)3.2  -1.6  3.7  3.9  4.2  

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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 Rate1.08-0.13 %Mar 23

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