GDP in Montenegro
Montenegro - GDPEconomic growth in Montenegro moderated in Q3 as a slowdown in fixed investment and a contraction in government consumption dented growth. The latest economic indicators, however, suggest that economic activity accelerated in the final quarter of 2016 and should have supported faster growth for the full year. While the volatile industrial production index contracted in Q4, retail sales expanded in the January-December period and tourist arrivals in 2016 rose strongly. Similarly, the external sector have made strong gains throughout the year and is expected to have recovered from 2015’s sharp downturn.
Montenegro - GDP Data
|Economic Growth (GDP, annual variation in %)||3.2||-1.6||3.7||3.9||4.2|
5 years of economic forecasts for more than 30 economic indicators.
Note: Annual variation of gross domestic product (GDP) in %.
Montenegro GDP Chart
Source: Statistical Office of Montenegro (MONSTAT).
|Exchange Rate||1.07||0.92 %||Feb 16|
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