The economy of Montenegro advanced 4.9 percent year-on-year in the second quarter of 2018, following a 4.5 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 2.72 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 3.00 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 2.60 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.