Trade Balance in Montenegro
Montenegro - Trade BalanceThe economy likely remained on a strong footing in the first quarter of the year, following Q4 2018’s solid outturn. The tourism sector surged at the end of the quarter, with tourist arrivals skyrocketing in March and overnight stays rising by over a quarter in annual terms. Moreover, while retail sales growth slowed slightly in March, the average of the quarter was well above that of Q4, which, combined with anemic inflation, points to strengthening consumer spending in Q1. On the flipside, industrial production plunged again in March, as energy supply continued to freefall. In other news, recent data from the Ministry of Finance showed that public debt as a percentage of GDP rose to over 70% in 2018, well above the EU’s benchmark.
Montenegro - Trade Balance Data
|Trade Balance (USD billion)||-1.7||-1.9||-1.6||-1.8||-2.1|
5 years of economic forecasts for more than 30 economic indicators.
Montenegro Trade Balance Chart
Source: Central Bank of Montenegro
|Exchange Rate||1.12||0.65 %||May 13|
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