Exports in Montenegro

Montenegro Exports | Economic News & Forecasts

Montenegro - Exports

Data for the first quarter paints a mixed picture. Goods export growth skyrocketed in the quarter, likely as the removal of Covid-19 restrictions in other European countries buoyed demand. Moreover, real wages grew at a rapid pace in Q1, which should offset mounting price pressures to an extent. On the other hand, growth in tourist arrivals and overnight stays cooled notably. Additionally, annual industrial output contracted on average in the first quarter. Meanwhile, in response to the war in Ukraine, the country proposed a fiscal stimulus in mid-March to ease the burden on households from rising energy prices, and adopted an unspecified sanction package against Russia in early April. Lastly, Parliament endorsed the minority United Reform Action-led government, after the previous coalition was toppled by a vote of no confidence earlier this year.

Montenegro - Exports Data

2015   2016   2017   2018   2019  
Exports (USD billion)0.4  0.4  0.4  0.5  0.5  

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Note: Exports in USD bn.
Source: Central Bank of Montenegro

Montenegro Facts

Value Change Date
Exchange Rate1.120.65 %Dec 31

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