GDP in Montenegro

Montenegro GDP (EUR bn) | Economic News & Forecasts

Montenegro - GDP (billions of Euros)

With tourism revenues accounting for more than 20% of the country’s GDP, Montenegro’s economy is languishing under the global Covid-19 measures that have brought international travel to a near standstill. Moreover, merchandise exports plummeted in March on frail European demand, while remittance inflows are expected to plunge. In response to the crisis, on 24 April the cabinet approved a second EUR 75 million package that provides 70% wage subsidies to affected individuals. As Montenegro’s fiscal position has become even more precarious, S&P Global Ratings downgraded its outlook for the sovereign’s B+ credit rating to negative on 1 May. More positively, the government began to gradually reopen the economy starting 4 May, which should help revive activity.

Montenegro - GDP (EUR bn) Data

2014   2015   2016   2017   2018  
GDP (EUR bn)3.5  3.7  4.0  4.3  4.7  

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Montenegro Facts

Value Change Date
Exchange Rate1.120.65 %Dec 31

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