GDP in Montenegro
Montenegro - GDPAfter 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 - GDP Data
|Economic Growth (GDP, annual variation in %)||3.4||2.9||4.7||5.1||3.6|
5 years of economic forecasts for more than 30 economic indicators.
Montenegro GDP Chart
Source: Statistical Office of Montenegro (MONSTAT).
|Exchange Rate||1.12||0.65 %||Dec 31|
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