GDP in Montenegro

Montenegro GDP | Economic News & Forecasts

Montenegro - GDP

The 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

2012  2013  2014  2015  2016  
Economic Growth (GDP, annual variation in %)-     -     -     -     -     

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Montenegro GDP Chart

Montenegro GDP
Note: Annual variation of gross domestic product (GDP) in %.
Source: Statistical Office of Montenegro (MONSTAT).

Montenegro Facts

Exchange Rate1.18-0.32 %Oct 16
Stock Market0.10.0 %Oct 16

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