GDP in Montenegro
Montenegro - GDPThe 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
|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||1.17||0.33 %||Aug 17|
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.