GDP in Montenegro
Montenegro - GDPThe economy shifted into a higher gear in the second quarter. Annual GDP growth accelerated from 3.2% in Q1 to an almost four-year high of 5.1% in Q2. The strong increase was buttressed by robust growth in private and public consumption, the former of which is benefitting from a strengthening labor market. The country’s unemployment rate dropped to 15.1% in Q2, the lowest rate in years, which attests to growth in the tourism and construction sectors. The most recent data is also promising, with solid retail sales in July. In August, industrial production expanded for the second consecutive month, and exports expanded at a double-digit rate.
Montenegro - GDP Data
|Economic Growth (GDP, annual variation in %)||-||-||-||-||-|
5 years of economic forecasts for more than 30 economic indicators.
Montenegro GDP Chart
Source: Statistical Office of Montenegro (MONSTAT).
|Exchange Rate||1.18||-0.32 %||Oct 16|
|Stock Market||0.1||0.0 %||Oct 16|
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