Current Account in Montenegro
Montenegro - Current Account (billions of Euros)
Growth fell to a near three-year low in the first quarter of the year on the back of notably more moderate government consumption. Particularly, spending on the Bar-Boljare highway has tapered as construction nears completion. Moreover, growth in exports of goods and services weakened, despite a healthy tourism sector. On the upside, household spending surged, while fixed investment recovered somewhat from near flat growth in Q4 2018, but remained underwhelming overall. Turning to Q2, data suggests growth likely remained subdued. Tourist arrivals rose at a solid pace in April and May but softened from March’s surge, while retail sales slowed and industrial production continued its marked decline in the same months.Montenegro - Current Account (EUR bn) Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Current Account Balance (EUR bn) | -0.4 | -0.4 | -0.4 | -0.6 | -0.7 |
Montenegro Current Account (EUR bn) Chart
Source: Central Bank of Montenegro
Montenegro Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 1.13 | 0.65 % | Jul 11 |
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