GDP in Montenegro

Montenegro GDP | Economic News & Forecasts

Montenegro - GDP

The 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

2011  2012  2013  2014  2015  
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 Rate1.09-0.20 %May 10

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