GDP in Montenegro

Montenegro GDP | Economic News & Forecasts

Montenegro - GDP

The Montenegrin economy is humming along nicely. Economic growth in Q1 was broadly unchanged from the previous quarter and came in above the expansion observed in the same quarter of 2016. Recent data from Q2 was positive and suggests that both the external sector and domestic economy are in good shape. Increased overseas demand propelled export growth to 9.2% in the first six months of the year, while retail sales expanded in May at the fastest pace since January. Likewise, the leading tourism sector grew by double digits in the same month and is set for a record season in 2017. Growth in tourism is permeating into the labor market with the unemployment rate declining in Q1 and is set to drop further as touristic activity gains steam.

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 Rate1.170.33 %Aug 17

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