Current Account in Montenegro

Montenegro Current Account | Economic News & Forecasts

Montenegro - Current Account

The economy powered ahead in the third quarter, with GDP expanding 4.7% year-on-year (Q2: +3.2% yoy). Strong growth was underpinned by a rebound in fixed investment and a greater contribution from the external sector, which received impetus from robust tourism and the recovery in electricity and gas supply. On the downside, household spending moderated notably in the quarter, in tandem with falling real wages in Q3. Turning to Q4, economic growth should remain brisk. Tourist arrivals increased at a robust pace in October–November and energy generation surged in November, likely due to initial operations of the recently completed Montenegro–Italy submarine power cable. That said, the manufacturing sector remained on feeble footing as output plunged in November.

Montenegro - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-14.5  -15.2  -13.2  -18.1  -18.6  

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Montenegro Current Account Chart


Montenegro Current Account
Note: Current account balance as % of GDP.
Source: Central Bank of Montenegro

Montenegro Facts

ValueChangeDate
Exchange Rate1.120.65 %Dec 31

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