Montenegro GDP Annual Growth Rate  2001-2017 | Data | Chart | Calendar

The economy of Montenegro advanced 3.4 percent year-on-year in the fourth quarter of 2016, following a 2.4 percent growth in the previous quarter. It is the strongest expansion since September quarter 2015, as household expenditure increased faster (5.3 percent from 4.9 percent in Q3), government spending rebounded (10.6 percent from -4.5 percent) and investment continued to surge (27 percent from 32 percent in Q3). Meanwhile, foreign trade contributed negatively to the growth as imports (10.4 percent from 13.9 percent in Q3) grew more than exports (1.5 percent from 13.3 percent in Q3). Considering full 2016, the GDP advanced 2.5 percent. GDP Annual Growth Rate in Montenegro averaged 2.34 percent from 2001 until 2016, 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.

Montenegro GDP Annual Growth Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-09-30 10:20 AM Q2 2.7% 1.1% 2.2%
2016-12-30 11:00 AM Q3 2.4% 2.7% 2.4%
2017-03-31 10:00 AM Q4 3.4% 2.4% 2.3%
2017-06-23 10:00 AM Q1 3.4% 2.6%
2017-09-29 10:00 AM Q2 2.5%
2017-12-22 10:00 AM Q3 2.3%




Montenegro GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 3.40 2.40 10.70 -5.70 percent [+]
GDP 3.99 4.59 4.59 0.98 USD Billion [+]
GDP Constant Prices 933.40 1208.91 1208.91 602.20 EUR Million [+]
GDP per capita 7259.99 7044.74 7259.99 4644.57 USD [+]
GDP per capita PPP 15254.31 14796.60 15254.31 9755.34 USD [+]
Gross Fixed Capital Formation 238892.00 248344.00 311474.00 125180.00 EUR Thousand [+]


Montenegro GDP Annual Growth Rate Notes

As Montenegro formally declared its independence in 2006, it is still in a state of economic transition. The country does not have its own currency and uses Euro as legal tender. The economy relies heavily on foreign tourism and the export of refined metals. On the expenditure side, household consumption is the main component of GDP and accounts for 80 percent of its total use, 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 May of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
3.40 2.40 10.70 -5.70 2001 - 2016 percent Quarterly



gdp annual growth rate by Country

Last
India 7.00 Dec/16
China 6.90 Mar/17
Indonesia 5.01 Mar/17
Turkey 3.50 Dec/16
Netherlands 3.40 Mar/17
Spain 3.00 Mar/17
Mexico 2.80 Mar/17
South Korea 2.70 Mar/17
Australia 2.40 Dec/16
United Kingdom 2.00 Mar/17
United States 2.00 Mar/17
Canada 1.90 Dec/16
Euro Area 1.70 Mar/17
Germany 1.70 Mar/17
Japan 1.60 Mar/17
France 1.00 Mar/17
Italy 0.80 Mar/17
Switzerland 0.60 Dec/16
Russia 0.50 Mar/17
Brazil -2.50 Dec/16