Montenegro Real GDP Growth
Key information about Montenegro Real GDP Growth
- The Gross Domestic Product (GDP) in Montenegro expanded 2.7 % YoY in Jun 2024, following a growth of 4.4 % in the previous quarter.
- Real GDP Growth YoY data in Montenegro is updated quarterly, available from Mar 2011 to Jun 2024, with an average rate of 3.6 %.
- The data reached an all-time high of 26.6 % in Sep 2021 and a record low of -27.1 % in Sep 2020.
Related information about Montenegro Real GDP Growth
- In the latest reports, Nominal GDP of Montenegro reached 1.3 USD bn in Mar 2023.
- Its GDP deflator (implicit price deflator) increased 11.4 % in Mar 2023.
- GDP Per Capita in Montenegro reached 9,464.2 USD in Dec 2021.
- Its Gross Savings Rate was measured at 6.1 % in Jun 2024.
- For Nominal GDP contributions, Investment accounted for 24.6 % in Mar 2023.
- Public Consumption accounted for 21.2 % in Mar 2023.
- Private Consumption accounted for 77.1 % in Jun 2024.
View Montenegro's Real GDP Growth from Mar 2011 to Jun 2024 in the chart:
What was Montenegro's Real GDP Growth in Jun 2024?
The Gross Domestic Product (GDP) in Montenegro expanded 2.7 % YoY in Jun 2024, following a growth of 4.4 % in the previous quarter. See the table below for more data.
Last | Previous | Min | Max | Unit | Frequency | Range |
---|---|---|---|---|---|---|
2.7 Jun 2024 | 4.4 Mar 2024 | -27.1 Sep 2020 | 26.6 Sep 2021 | % | quarterly | Mar 2011 - Jun 2024 |
Real GDP Growth by Country Comparison
country/region | Last | Frequency | Range |
---|---|---|---|
Albania (%) | 4.7 Dec 2022 | quarterly | Mar 2010 - Dec 2022 |
Algeria (%) | 3.6 Jun 2024 | quarterly | Mar 2000 - Jun 2024 |
Argentina (%) | 1.2 Mar 2023 | quarterly | Mar 2005 - Mar 2023 |
Armenia (%) | 12.1 Mar 2023 | quarterly | Mar 2001 - Mar 2023 |
Australia (%) | 2.7 Dec 2022 | quarterly | Sep 1960 - Dec 2022 |
Austria (%) | 1.8 Mar 2023 | quarterly | Mar 1989 - Mar 2023 |
Azerbaijan (%) | 4.6 Jun 2024 | quarterly | Mar 2001 - Jun 2024 |
Bahrain (%) | 1.3 Jun 2024 | quarterly | Mar 2009 - Jun 2024 |
Bangladesh (%) | 7.1 2022 | yearly | 2007 - 2022 |
Belarus (%) | -2.0 Mar 2023 | quarterly | Mar 2006 - Mar 2023 |
Belgium (%) | 1.9 Sep 2022 | quarterly | Mar 1996 - Sep 2022 |
Bolivia (%) | 4.3 Jun 2022 | quarterly | Mar 1991 - Jun 2022 |
Bosnia and Herzegovina (%) | 2.6 Sep 2022 | quarterly | Mar 2009 - Sep 2022 |
Botswana (%) | 6.3 Sep 2022 | quarterly | Mar 1995 - Sep 2022 |
Brazil (%) | 3.4 Mar 2023 | quarterly | Mar 1997 - Mar 2023 |
Brunei (%) | 0.9 Sep 2022 | quarterly | Mar 2005 - Sep 2022 |
Bulgaria (%) | 2.3 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
Cambodia (%) | 5.3 2022 | yearly | 1994 - 2022 |
Canada (%) | 2.1 Dec 2022 | quarterly | Mar 1962 - Dec 2022 |
Chile (%) | -0.1 Sep 2022 | quarterly | Mar 1987 - Sep 2022 |
China (%) | 4.5 Mar 2023 | quarterly | Mar 1992 - Mar 2023 |
Colombia (%) | 2.9 Dec 2022 | quarterly | Mar 2001 - Dec 2022 |
Croatia (%) | 4.0 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
Cyprus (%) | 3.4 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
Czech Republic (%) | 0.2 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
Denmark (%) | 1.5 Dec 2022 | quarterly | Mar 1992 - Dec 2022 |
Ecuador (%) | 3.2 Sep 2022 | quarterly | Mar 1994 - Sep 2022 |
Egypt (%) | 4.4 Sep 2022 | quarterly | Sep 2002 - Sep 2022 |
Estonia (%) | -4.4 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
European Union (%) | 1.3 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
Finland (%) | -0.3 Mar 2023 | quarterly | Mar 1976 - Mar 2023 |
France (%) | 0.9 Mar 2023 | quarterly | Mar 1950 - Mar 2023 |
Georgia (%) | 9.7 Dec 2022 | quarterly | Mar 1998 - Dec 2022 |
Germany (%) | -0.5 Mar 2023 | quarterly | Mar 1992 - Mar 2023 |
Ghana (%) | 1.6 Jun 2024 | quarterly | Jun 2006 - Jun 2024 |
Greece (%) | 5.2 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
Hong Kong SAR, China (%) | 2.8 Mar 2023 | quarterly | Mar 1991 - Mar 2023 |
Hungary (%) | 0.8 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
Iceland (%) | 6.1 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
India (%) | 4.4 Dec 2022 | quarterly | Jun 2005 - Dec 2022 |
Indonesia (%) | 5.0 Dec 2022 | quarterly | Mar 1994 - Dec 2022 |
Iran (%) | 5.0 Mar 2022 | quarterly | Jun 1989 - Mar 2022 |
Ireland (%) | -0.3 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
Israel (%) | 2.5 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
Italy (%) | 1.4 Dec 2022 | quarterly | Mar 1982 - Dec 2022 |
Ivory Coast (%) | 6.8 2022 | yearly | 1966 - 2022 |
Japan (%) | 0.4 Dec 2022 | quarterly | Mar 1956 - Dec 2022 |
Jordan (%) | 2.8 Mar 2023 | quarterly | Mar 1993 - Mar 2023 |
Kazakhstan (%) | 3.4 Mar 2023 | quarterly | Mar 2006 - Mar 2023 |
Kenya (%) | 5.2 Sep 2022 | quarterly | Mar 2010 - Sep 2022 |
South Korea (%) | 1.3 Dec 2022 | quarterly | Mar 1961 - Dec 2022 |
Kosovo (%) | 4.3 Jun 2024 | quarterly | Mar 2011 - Jun 2024 |
Kuwait (%) | -1.6 Jun 2024 | quarterly | Jun 2010 - Jun 2024 |
Kyrgyzstan (%) | 7.0 Dec 2022 | quarterly | Mar 2007 - Dec 2022 |
Laos (%) | 3.5 2021 | yearly | 2003 - 2021 |
Latvia (%) | 0.4 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
Lebanon (%) | 2.0 2021 | yearly | 2012 - 2021 |
Lithuania (%) | -0.4 Dec 2022 | quarterly | Jun 1995 - Dec 2022 |
Luxembourg (%) | -2.2 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
Macau SAR, China (%) | -23.4 Dec 2022 | quarterly | Mar 2002 - Dec 2022 |
North Macedonia (%) | 0.6 Dec 2022 | quarterly | Mar 2001 - Dec 2022 |
Malawi (%) | 4.0 2018 | yearly | 2003 - 2018 |
Malaysia (%) | 7.0 Dec 2022 | quarterly | Mar 2001 - Dec 2022 |
Malta (%) | 4.6 Mar 2024 | quarterly | Mar 2001 - Mar 2024 |
Mauritius (%) | 7.4 Sep 2022 | quarterly | Mar 2001 - Sep 2022 |
Mexico (%) | 3.7 Dec 2022 | quarterly | Mar 1981 - Dec 2022 |
Moldova (%) | -10.3 Sep 2022 | quarterly | Mar 1996 - Sep 2022 |
Mongolia (%) | 7.7 Dec 2022 | quarterly | Mar 2011 - Dec 2022 |
Montenegro (%) | 2.7 Jun 2024 | quarterly | Mar 2011 - Jun 2024 |
Morocco (%) | 0.5 Dec 2022 | quarterly | Mar 2008 - Dec 2022 |
Mozambique (%) | 2.0 Dec 2018 | quarterly | Jun 2007 - Dec 2018 |
Myanmar (%) | 3.3 2023 | yearly | 2011 - 2023 |
Nepal (%) | 1.0 Jun 2024 | quarterly | Dec 2004 - Jun 2024 |
Netherlands (%) | 2.1 Mar 2023 | quarterly | Mar 1997 - Mar 2023 |
New Zealand (%) | 1.8 Mar 2023 | quarterly | Jun 1983 - Mar 2023 |
Nigeria (%) | 2.3 Mar 2023 | quarterly | Mar 2011 - Mar 2023 |
Norway (%) | 1.8 Dec 2022 | quarterly | Mar 1979 - Dec 2022 |
Oman (%) | 3.1 2021 | yearly | 1999 - 2021 |
Pakistan (%) | 1.7 2023 | yearly | 2001 - 2023 |
Palestinian Territory (%) | 4.8 Jun 2024 | quarterly | Jun 2000 - Jun 2024 |
Panama (%) | 9.5 Sep 2022 | quarterly | Mar 2008 - Sep 2022 |
Paraguay (%) | 5.2 Mar 2023 | quarterly | Mar 1995 - Mar 2023 |
Peru (%) | -0.4 Mar 2023 | quarterly | Mar 1981 - Mar 2023 |
Philippines (%) | 7.1 Dec 2022 | quarterly | Mar 1999 - Dec 2022 |
Poland (%) | 0.4 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
Portugal (%) | 1.8 Jun 2019 | quarterly | Mar 1996 - Jun 2019 |
Qatar (%) | -0.0 Dec 2023 | quarterly | Mar 2012 - Dec 2023 |
Romania (%) | 2.9 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
Russia (%) | -2.6 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
Saudi Arabia (%) | -3.7 Dec 2023 | quarterly | Mar 2011 - Dec 2023 |
Serbia (%) | 4.5 Sep 2019 | quarterly | Mar 1997 - Sep 2019 |
Singapore (%) | 0.4 Mar 2023 | quarterly | Mar 1976 - Mar 2023 |
Slovakia (%) | 1.2 Dec 2022 | quarterly | Mar 1994 - Dec 2022 |
Slovenia (%) | 0.8 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
South Africa (%) | 1.3 Dec 2022 | quarterly | Mar 1961 - Dec 2022 |
Spain (%) | 2.7 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
Sri Lanka (%) | -12.4 Dec 2022 | quarterly | Mar 2011 - Dec 2022 |
Sudan (%) | -1.9 2021 | yearly | 1983 - 2021 |
Sweden (%) | -0.1 Dec 2022 | quarterly | Mar 1982 - Dec 2022 |
Switzerland (%) | 0.7 Mar 2023 | quarterly | Mar 1966 - Mar 2023 |
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Government and Public Finance | Last | Frequency | Range |
---|---|---|---|
Consolidated Fiscal Balance: % of GDP (%) | -1.6 Jun 2024 | quarterly | Dec 2012 - Jun 2024 |
Consolidated Fiscal Balance (USD mn) | -7.595 Sep 2024 | monthly | Jan 2012 - Sep 2024 |
Tax Revenue (USD mn) | 206.925 Aug 2024 | monthly | Jan 2012 - Aug 2024 |
Tax Revenue: % of GDP (%) | 28.8 Jun 2024 | quarterly | Mar 2012 - Jun 2024 |
National Government Debt (USD mn) | 4,779.0 Oct 2024 | monthly | Dec 2010 - Oct 2024 |
Government Debt: % of GDP (%) | 62.1 Jun 2024 | quarterly | Dec 2010 - Jun 2024 |
Forecast: Government Expenditure (EUR bn) | 4.457 2029 | yearly | 2002 - 2029 |
Forecast: Government Net Debt (EUR bn) | 6.678 2029 | yearly | 2002 - 2029 |
Forecast: Government Revenue (EUR bn) | 3.919 2029 | yearly | 2002 - 2029 |
General Govt Revenue: Cons: Taxes (EUR) | 187,772,027.160 Aug 2024 | monthly | Jan 2012 - Aug 2024 |
General Govt Expenditure: Cons: ow Current (EUR) | 228,662,844.960 Sep 2024 | monthly | Jan 2012 - Sep 2024 |
General Govt Balance: Consolidated: Deficit or Surplus (EUR) | -6,840,077.840 Sep 2024 | monthly | Jan 2012 - Sep 2024 |
General Govt Expenditure: Consolidated (EUR) | 255,225,880.760 Sep 2024 | monthly | Jan 2012 - Sep 2024 |
General Government Revenue: Consolidated (EUR) | 255,360,081.630 Aug 2024 | monthly | Jan 2012 - Aug 2024 |
General Govt Revenue: Cons: Taxes: Excises (EUR) | 43,213,446.430 Aug 2024 | monthly | Jan 2012 - Aug 2024 |
General Govt Revenue: Cons: Taxes: Value Added Tax (EUR) | 126,480,010.050 Aug 2024 | monthly | Jan 2012 - Aug 2024 |
Gross General Government External Debt (EUR mn) | 4,046.072 Oct 2024 | monthly | Dec 2010 - Oct 2024 |
Gross General Government Debt: Domestic (EUR mn) | 356.483 Oct 2024 | monthly | Dec 2010 - Oct 2024 |
Gross General Government Debt (EUR mn) | 4,402.555 Oct 2024 | monthly | Dec 2010 - Oct 2024 |
Foreign Trade | Last | Frequency | Range |
---|---|---|---|
Forecast: Exports of Goods Growth (%) | 1.534 2028 | yearly | 2003 - 2028 |
Trade Balance (USD mn) | -317.1 Sep 2024 | monthly | Jan 2005 - Sep 2024 |
Total Exports (USD mn) | 55.1 Sep 2024 | monthly | Jan 2005 - Sep 2024 |
Total Exports Growth (%) | 18.8 Sep 2024 | monthly | Jan 2006 - Sep 2024 |
Aluminum: Exports (USD th) | 77,568.321 2023 | yearly | 2008 - 2023 |
Exports: Medicament (USD th) | 34,801.190 2022 | yearly | 2008 - 2022 |
Exports: Medicinal and Pharmaceutical Product (USD th) | 28.151 2022 | yearly | 2008 - 2022 |
Total Imports (USD mn) | 372.2 Sep 2024 | monthly | Jan 2005 - Sep 2024 |
Total Imports Growth (%) | -4.0 Sep 2024 | monthly | Jan 2006 - Sep 2024 |
Imports: Medicament (USD th) | 116,265.339 2022 | yearly | 2008 - 2022 |
Imports: Medicinal and Pharmaceutical Product (USD th) | 45,821.508 2022 | yearly | 2008 - 2022 |
Total Exports to USA (USD mn) | 0.710 Sep 2024 | monthly | Jan 2010 - Sep 2024 |
Total Imports from USA (USD mn) | 3.557 Sep 2024 | monthly | Jan 2006 - Sep 2024 |
Total Exports to China (USD mn) | 0.009 Sep 2024 | monthly | Jan 2010 - Sep 2024 |
Total Imports from China (USD mn) | 48.410 Sep 2024 | monthly | Jan 2006 - Sep 2024 |
Imports (EUR th) | 335,159.322 Sep 2024 | monthly | Jan 2005 - Sep 2024 |
Exports (EUR th) | 49,590.034 Sep 2024 | monthly | Jan 2005 - Sep 2024 |
Exports: Manufactured Goods (EUR th) | 3,583.137 Sep 2024 | monthly | Mar 2009 - Sep 2024 |
Exports: Machinery & Transport Equipment (EUR th) | 8,066.066 Sep 2024 | monthly | Mar 2009 - Sep 2024 |
Exports: Food & Live Animals (EUR th) | 4,905.345 Sep 2024 | monthly | Mar 2009 - Sep 2024 |
Exports: Mineral Fuels, Lubricants & Related Materials (EUR th) | 12,570.469 Sep 2024 | monthly | Mar 2009 - Sep 2024 |
Exports: Crude Materials: excl Fuels (EUR th) | 8,862.294 Sep 2024 | monthly | Mar 2009 - Sep 2024 |
Exports: Europe: CEFTA: Serbia (EUR th) | 11,643.271 Sep 2024 | monthly | Mar 2009 - Sep 2024 |
Exports: Europe: EU-28: Slovenia (EUR th) | 3,129.443 Sep 2024 | monthly | Mar 2009 - Sep 2024 |
Imports: Miscellaneous Manufactured Goods (EUR th) | 52,751.432 Sep 2024 | monthly | Mar 2009 - Sep 2024 |
Imports: Food & Live Animals (EUR th) | 63,717.541 Sep 2024 | monthly | Mar 2009 - Sep 2024 |
Imports: Mineral Fuels, Lubricants & Related Materials (EUR th) | 41,819.048 Sep 2024 | monthly | Mar 2009 - Sep 2024 |
Imports: Machinery & Transport Equipment (EUR th) | 73,100.504 Sep 2024 | monthly | Mar 2009 - Sep 2024 |
Imports: Manufactured Goods (EUR th) | 53,603.622 Sep 2024 | monthly | Mar 2009 - Sep 2024 |
Imports: Europe: EU-28: Greece (EUR th) | 19,171.376 Sep 2024 | monthly | Mar 2009 - Sep 2024 |
Imports: Europe: CEFTA: Serbia (EUR th) | 58,817.940 Sep 2024 | monthly | Mar 2009 - Sep 2024 |
Balance of Payments | Last | Frequency | Range |
---|---|---|---|
Direct Investment Abroad (USD mn) | 17.3 Jun 2024 | quarterly | Mar 2005 - Jun 2024 |
Current Account Balance (USD mn) | -278.9 Mar 2023 | quarterly | Mar 2004 - Mar 2023 |
Current Account Balance: % of GDP (%) | -22.8 Jun 2024 | quarterly | Mar 2010 - Jun 2024 |
Foreign Direct Investment (USD mn) | 154.9 Jun 2024 | quarterly | Mar 2005 - Jun 2024 |
Foreign Direct Investment: % of GDP (%) | 7.8 Jun 2024 | quarterly | Mar 2010 - Jun 2024 |
Foreign Portfolio Investment (USD mn) | -9.733 Jun 2024 | quarterly | Mar 2005 - Jun 2024 |
Foreign Portfolio Investment: % of GDP (%) | -0.5 Jun 2024 | quarterly | Mar 2010 - Jun 2024 |
Foreign Portfolio Investment: Equity Securities (USD mn) | 105.1 Jun 2024 | quarterly | Mar 2007 - Jun 2024 |
Foreign Portfolio Investment: Debt Securities (USD mn) | 49.891 Jun 2024 | quarterly | Mar 2007 - Jun 2024 |
External Debt (USD mn) | 8,815.2 2022 | yearly | 2006 - 2022 |
External Debt: % of GDP (%) | 141.5 2022 | yearly | 2006 - 2022 |
External Debt: Short Term (USD mn) | 198.7 2022 | yearly | 2007 - 2022 |
External Debt: Short Term: % of GDP (%) | 3.2 2022 | yearly | 2007 - 2022 |
Forecast: Current Account Balance (USD bn) | -1.492 2029 | yearly | 2001 - 2029 |
BoP: Current Account: Goods: Export (EUR th) | 120,372.138 Dec 2018 | quarterly | Mar 2010 - Dec 2018 |
BoP: Current Account: Goods: Import (EUR th) | 645,611.036 Dec 2018 | quarterly | Mar 2010 - Dec 2018 |
Balance of Payments (BoP): Current Account and Capital Account (EUR th) | -374,597.413 Dec 2018 | quarterly | Mar 2010 - Dec 2018 |
BoP: Financial Account: Change in Central Bank Reserves (EUR th) | -9,057.098 Dec 2018 | quarterly | Mar 2010 - Dec 2018 |
Foreign Direct Investment: Flow: Slovenia (EUR) | 9,478,424.000 2023 | yearly | 2001 - 2023 |
Foreign Direct Investment: Flow: Russian Federation (EUR) | 112,506,571.770 2023 | yearly | 2001 - 2023 |
Foreign Direct Investment: Flow: Italy (EUR) | 5,543,222.480 2023 | yearly | 2001 - 2023 |
Foreign Direct Investment: Flow: Switzerland (EUR) | 65,139,405.970 2023 | yearly | 2001 - 2023 |
Foreign Direct Investment: Flow: Serbia (EUR) | 125,266,558.270 2023 | yearly | 2002 - 2023 |
Monetary | Last | Frequency | Range |
---|---|---|---|
Non Performing Loans Ratio (%) | 4.3 Jun 2024 | monthly | Aug 2010 - Jun 2024 |
Household Debt: % of GDP (%) | 25.2 Jun 2024 | quarterly | Dec 2010 - Jun 2024 |
Non-Performing Loans (USD mn) | 218.559 Nov 2022 | monthly | Dec 2010 - Nov 2022 |
M2 Growth (%) | 12.0 2023 | yearly | 2003 - 2023 |
Reserve Requirement Ratio (%) | 5.5 Sep 2024 | monthly | Jan 2002 - Sep 2024 |
Foreign Exchange Reserves (USD mn) | 1,600.1 Jul 2024 | monthly | Dec 2002 - Jul 2024 |
Foreign Exchange Reserves: % of GDP (%) | 20.266 Jun 2024 | quarterly | Dec 2010 - Jun 2024 |
Foreign Exchange Reserves: Months of Import (NA) | 3.7 Jul 2024 | monthly | Jan 2005 - Jul 2024 |
Gold Reserves (USD mn) | 0.000 Jul 2024 | monthly | Dec 2002 - Jul 2024 |
Total Deposits (USD mn) | 6,314.083 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
Total Deposits Growth (%) | 2.5 Sep 2024 | monthly | Jan 2004 - Sep 2024 |
Domestic Credit (USD mn) | 3,687.7 Sep 2024 | monthly | Jan 2005 - Sep 2024 |
Domestic Credit Growth (%) | 1.3 Sep 2024 | monthly | Jan 2006 - Sep 2024 |
Household Debt (USD mn) | 2,100.2 Sep 2024 | monthly | Dec 2004 - Sep 2024 |
Total Loans (USD mn) | 5,134.139 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
Total Loans Growth (%) | 15.32 Sep 2024 | monthly | Jan 2004 - Sep 2024 |
Private Debt: % of Nominal GDP (%) | 45.02 Jun 2024 | quarterly | Dec 2010 - Jun 2024 |
Bank Loans: Non Performing Loans (EUR th) | 200,600.000 Apr 2018 | monthly | Dec 2010 - Apr 2018 |
Bank Loans: Residents: Households (EUR th) | 1,188,990.000 Jun 2018 | monthly | Jan 2009 - Jun 2018 |
ME: Bank Non-Performing Loans to Total Gross Loans (%) | 7.426 2018 | yearly | 2013 - 2018 |
More Indicators for Montenegro
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