GDP in Montenegro
Montenegro - GDPThe Balkan country started the year on a solid footing. Retail sales expanded in the first two months, while tourist arrivals surged in the first three months and exports also performed strongly and expanded a sharp 39.3% in the same time period. The string of good news comes after the country expanded at a modest pace in 2016, hinting that economic activity is firming up again. In April, S&P Global Ratings reaffirmed the country’s credit rating thanks to the country’s broadly stable growth path. Nevertheless, the agency attributed Montenegro’s negative outlook to the many challenges besetting the economy, such as an elevated fiscal deficit, public debt, and weak external buffers, which are preventing a rate hike in the foreseeable future.
Montenegro - GDP Data
|Economic Growth (GDP, annual variation in %)||-||-||-||-||-|
5 years of economic forecasts for more than 30 economic indicators.
Montenegro GDP Chart
Source: Statistical Office of Montenegro (MONSTAT).
|Exchange Rate||1.09||-0.20 %||May 10|
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