Current Account in Montenegro

Montenegro Current Account (EUR bn) | Economic News & Forecasts

Montenegro - Current Account (billions of Euros)

Economic growth likely lost steam in the third quarter, after picking up in the second quarter. Industrial production fell again in September due to a sharp decline in manufacturing output, which has likely suffered from weaker foreign demand from the European auto industry. In better news, electricity and gas supply rebounded robustly; tourist arrivals continued growing at a strong rate in Q3, despite moderating somewhat from Q2; while steadily declining unemployment in H1 and favorable credit conditions should have supported private consumption in Q3. Meanwhile, the submarine power cable connecting Montenegro and Italy officially came on line on 15 November, which should bode well for energy generation and transit in Q4 and beyond.

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  

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Montenegro Current Account (EUR bn) Chart

Montenegro Current Account
Note: Current account balance in EUR.
Source: Central Bank of Montenegro

Montenegro Facts

Exchange Rate1.110.65 %Nov 21

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