Trade Balance in Montenegro

Montenegro Trade Balance (EUR) | Economic News & Forecasts

Montenegro - Trade Balance (Euros)

Growth fell to a near three-year low in the first quarter of the year on the back of notably more moderate government consumption. Particularly, spending on the Bar-Boljare highway has tapered as construction nears completion. Moreover, growth in exports of goods and services weakened, despite a healthy tourism sector. On the upside, household spending surged, while fixed investment recovered somewhat from near flat growth in Q4 2018, but remained underwhelming overall. Turning to Q2, data suggests growth likely remained subdued. Tourist arrivals rose at a solid pace in April and May but softened from March’s surge, while retail sales slowed and industrial production continued its marked decline in the same months.

Montenegro - Trade Balance (EUR) Data

2013  2014  2015  2016  2017  
Trade Balance (EUR billion)-1.3  -1.4  -1.5  -1.7  -1.9  

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Montenegro Trade Balance (EUR) Chart

Montenegro Trade
Note: Trade balance in EUR bn.
Source: Central Bank of Montenegro

Montenegro Facts

Exchange Rate1.130.65 %Jul 11

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