GDP in Montenegro

Montenegro GDP | Economic News & Forecasts

Montenegro - GDP

GDP growth remained robust in the fourth quarter of 2018. The solid turnout in Q4 was largely driven by a rebound in the external sector, with an acceleration in exports of goods and services likely buoyed by the all-important tourism sector. Moreover, the domestic economy powered ahead on stronger private and public spending, although fixed investment ground to a halt. Momentum appears to have carried over into Q1 2019. Tourist arrivals were robust in February, and will likely continue to be strong heading into the high tourism season. Meanwhile, retail sales rose in February, signaling sustained household spending. On the downside, industrial production plummeted again in February, dragged down by a sharp contraction in energy output.

Montenegro - GDP Data

2013  2014  2015  2016  2017  
Economic Growth (GDP, annual variation in %)3.5  1.8  3.4  2.9  4.3  

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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

ValueChangeDate
Exchange Rate1.130.65 %Apr 22

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