The economy of Montenegro contracted 6.40 percent year-on-year in the first quarter of 2021, following a 7.50 percent slump in the last quarter of 2020. Households consumption expenditure retreated 7.28 percent, gross fixed capital formation fell by 20.04 percent, and net exports plunged 30.17 percent. On the other hand, government spending expanded by 4.38 percent. source: Statistical Office of Montenegro
GDP Annual Growth Rate in Montenegro averaged 1.95 percent from 2001 until 2021, reaching an all time high of 18.20 percent in the first quarter of 2007 and a record low of -26.90 percent in the third quarter of 2020. This page provides the latest reported value for - Montenegro GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Montenegro GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on August of 2021.
GDP Annual Growth Rate in Montenegro is expected to be 16.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Montenegro to stand at 5.80 in 12 months time. In the long-term, the Montenegro GDP Annual Growth Rate is projected to trend around 3.00 percent in 2022, according to our econometric models.