GDP in Montenegro

Montenegro GDP | Economic News & Forecasts

Montenegro - GDP

The economy appears to have performed well in Q2, carrying over the strong growth from the preceding quarter. Industrial production rebounded in June from May’s soft print, expanding over 30% in year-on-year terms on higher electricity output. Exports expanded at a double-digit rate in January–June on higher demand for manufactured goods and energy products from neighboring countries such as Serbia, while retail sales grew at a healthy pace in May. On the political scene, the EU and Montenegro initiated a new round of negotiations for EU membership in late June. Montenegro is among the Balkan countries closest to joining the EU, but further progress in key areas such as institutional quality is required for it to join the Union.

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

Exchange Rate1.160.65 %Aug 07

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