Montenegro GDP Annual Growth Rate

Name: Montenegro GDP Annual Growth Rate
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Montenegro,GDP Annual Growth Rate,data,chart,actual,historical,values,calendar,forecast,graph,2025,2026,2027

Montenegro's economy expanded by 2.6% year-over-year in the first quarter of 2026, accelerating from a 1.5% growth in the previous period, according to preliminary estimates. GDP Annual Growth Rate in Montenegro averaged 3.18 percent from 2001 until 2026, reaching an all time high of 22.50 percent in the second quarter of 2021 and a record low of -26.80 percent in the third quarter of 2020. source: Statistical Office of Montenegro

The Gross Domestic Product (GDP) in Montenegro expanded 2.60 percent in the first quarter of 2026 over the same quarter of the previous year.

The Gross Domestic Product (GDP) in Montenegro expanded 2.60 percent in the first quarter of 2026 over the same quarter of the previous year. GDP Annual Growth Rate in Montenegro is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Montenegro GDP Annual Growth Rate is projected to trend around 2.50 percent in 2027 and 3.20 percent in 2028, according to our econometric models.

Related	Last	Previous	Unit	Reference
Full Year GDP Growth	3.20	6.50	percent	Dec 2024
GDP	8.07	7.50	USD Billion	Dec 2024
GDP Growth Rate YoY	2.60	1.50	percent	Mar 2026
GDP Constant Prices	1603.07	1960.48	EUR Million	Mar 2026
GDP per Capita	8552.59	8304.26	USD	Dec 2024
GDP per Capita PPP	27852.04	27043.33	USD	Dec 2024
Gross Fixed Capital Formation	392.96	499.55	EUR Million	Mar 2026

Montenegro GDP Annual Growth Rate

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.