Exports in Montenegro

Montenegro Exports (EUR bn) | Economic News & Forecasts

Montenegro - Exports (billions of Euros)

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 - Exports (EUR bn) Data

2013   2014   2015   2016   2017  
Exports (EUR billion)0.4  0.4  0.3  0.4  0.4  

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

Montenegro Facts

Value Change Date
Exchange Rate1.120.65 %Dec 31

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