Fiscal Balance in Montenegro
Montenegro - Fiscal BalanceThe economy likely ended 2019 on a strong note after a solid performance in the third quarter. Industrial production rebounded sharply in December thanks to surging electricity and gas supply, which likely contributed to the strong rebound in merchandise exports in the same month. That said, the manufacturing sector remained frail, with output plunging again in December. The tourism sector finished the year on a stronger footing, with growth in tourist arrivals and overnight stays in Q4 more than double Q3’s. Momentum appears to have carried over into the first quarter of 2020. Passenger traffic through Montenegro’s two international airports picked up significantly in January. On the other hand, mass protests erupted in the first month of the year over a new law on religious freedom, which could hinder consumer and business sentiment.
Montenegro - Fiscal Balance Data
|Fiscal Balance (% of GDP)||-3.0||-8.0||-3.4||-5.5||-3.6|
5 years of economic forecasts for more than 30 economic indicators.
Montenegro Fiscal Balance Chart
Source: Ministry of Finance
|Exchange Rate||1.12||0.65 %||Dec 31|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.