Current Account in Montenegro

Montenegro Current Account | Economic News & Forecasts

Montenegro - Current Account

The economy likely remained on a strong footing in the first quarter of the year, following Q4 2018’s solid outturn. The tourism sector surged at the end of the quarter, with tourist arrivals skyrocketing in March and overnight stays rising by over a quarter in annual terms. Moreover, while retail sales growth slowed slightly in March, the average of the quarter was well above that of Q4, which, combined with anemic inflation, points to strengthening consumer spending in Q1. On the flipside, industrial production plunged again in March, as energy supply continued to freefall. In other news, recent data from the Ministry of Finance showed that public debt as a percentage of GDP rose to over 70% in 2018, well above the EU’s benchmark.

Montenegro - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-14.5  -15.2  -13.2  -18.1  -18.9  

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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

Exchange Rate1.120.65 %May 13

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