Fiscal Balance in Montenegro

Montenegro Fiscal Balance | Economic News & Forecasts

Montenegro - Fiscal Balance

The 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

2014   2015   2016   2017   2018  
Fiscal Balance (% of GDP)-3.0  -8.0  -3.4  -5.5  -3.6  

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Montenegro Fiscal Balance Chart

Montenegro Fiscal
Note: Fiscal balance as % of GDP
Source: Ministry of Finance

Montenegro Facts

Value Change Date
Exchange Rate1.120.65 %Dec 31

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