Montenegro GDP Annual Growth Rate

The economy of Montenegro advanced 5.0 percent year-on-year in the third quarter of 2018, following a 4.9 percent growth in the previous period. It was the strongest pace of expansion since the three months to June of 2017. GDP Annual Growth Rate in Montenegro averaged 2.81 percent from 2001 until 2018, reaching an all time high of 10.70 percent in the fourth quarter of 2007 and a record low of -5.70 percent in the fourth quarter of 2009.

GDP Annual Growth Rate in Montenegro is expected to be 2.70 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 2.80 in 12 months time. In the long-term, the Montenegro GDP Annual Growth Rate is projected to trend around 2.90 percent in 2020, according to our econometric models.

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Calendar	GMT		Actual	Previous	TEForecast
2018-03-23	10:30 AM	GDP Growth Rate YoY	4%	4.7%	4%
2018-06-22	09:30 AM	GDP Growth Rate YoY	4.5%	3.9%	4.6%
2018-09-28	10:30 AM	GDP Growth Rate YoY	4.9%	4.5%	4.5%
2018-12-21	10:30 AM	GDP Growth Rate YoY	5.0%	4.9%	4.50%
2019-03-22	10:00 AM	GDP Growth Rate YoY		5.0%	3%
2019-06-21	09:00 AM	GDP Growth Rate YoY			2.7%
2019-09-27	09:00 AM	GDP Growth Rate YoY			2.5%

Montenegro GDP	Last	Previous	Highest	Lowest	Unit
GDP Annual Growth Rate	5.00	4.90	10.70	-5.70	percent	[+]
GDP	4.77	4.37	4.77	0.98	USD Billion	[+]
GDP Constant Prices	1487.03	1058.03	1487.03	602.20	EUR Million	[+]
GDP per capita	7812.95	7492.86	7812.95	4793.05	USD	[+]
GDP per capita PPP	16409.29	15737.02	16409.29	10066.69	USD	[+]
Gross Fixed Capital Formation	318354.00	380426.00	380426.00	125180.00	EUR Thousand	[+]

Montenegro formally declared its independence in 2006 and it is still in a state of economic transition. The country does not have its own currency and uses Euro as legal tender. Montenegro economy relies heavily on foreign tourism and on exports of refined metals. On the expenditure side, household consumption is the main component of GDP (80 percent), followed by government expenditure (19 percent) and gross fixed capital formation (19 percent). Exports of goods and services account for 40 percent of GDP while imports account for 60 percent, subtracting 20 percent of total GDP. 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 - actual data, historical chart and calendar of releases - was last updated on January of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	5.00	4.90	10.70	-5.70	2001 - 2018	percent	Quarterly	Constant prices

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Country	Last		Previous	Range
India	7.10	Sep/18	8.2	11.4 : -5.2	%
China	6.50	Sep/18	6.7	15.4 : 3.8	%
Indonesia	5.17	Sep/18	5.27	7.16 : 1.56	%
United States	3.00	Sep/18	2.9	13.4 : -3.9	%
Australia	2.80	Sep/18	3.1	9 : -3.4	%
Mexico	2.50	Sep/18	2.6	9 : -9.1	%
Saudi Arabia	2.50	Sep/18	1.61	24.2 : -20.7	%
Netherlands	2.40	Sep/18	3.1	6.1 : -4.6	%
Spain	2.40	Sep/18	2.5	5.6 : -4.3	%
Switzerland	2.40	Sep/18	3.5	5.8 : -3.7	%
Singapore	2.20	Dec/18	2.3	19 : -8.8	%
Canada	2.10	Sep/18	1.9	9.3 : -4.1	%
South Korea	2.00	Sep/18	2.8	20.8 : -7.3	%
Euro Area	1.60	Sep/18	2.2	5 : -5.5	%
Turkey	1.60	Sep/18	5.3	11.7 : -14.4	%
Russia	1.50	Sep/18	1.9	12.1 : -11.2	%
United Kingdom	1.50	Sep/18	1.4	9.7 : -6.1	%
France	1.40	Sep/18	1.7	12.6 : -3.8	%
Brazil	1.30	Sep/18	0.9	10.1 : -5.5	%
Germany	1.10	Sep/18	2	7.2 : -6.8	%
South Africa	1.10	Sep/18	0.4	7.1 : -2.6	%
Italy	0.70	Sep/18	1.2	10.3 : -7.2	%
Japan	0.00	Sep/18	1.4	9.4 : -8.8	%
Argentina	-3.50	Sep/18	-4	16.2 : -16.3	%