Montenegro’s economy posted a strong recovery in 2021, estimated at 12.4 percent, driven primarily by a rebound in international tourism receipts recovering to 70 percent of their 2019 level from just 13 percent in 2020. Tourism, employment growth, and household lending supported the strong private consumption rebound. Investments lingered driven by a slowdown in public investments. source: World Bank
Full Year GDP Growth in Montenegro averaged 2.31 percent from 1998 until 2021, reaching an all time high of 12.40 percent in 2021 and a record low of -15.31 percent in 2020. This page includes a chart with historical data for Montenegro Full Year GDP Growth. Montenegro Full Year GDP Growth - values, historical data and charts - was last updated on July of 2022.
Full Year GDP Growth in Montenegro is expected to reach 3.30 percent by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Montenegro Full Year GDP Growth is projected to trend around 4.50 percent in 2023 and 3.80 percent in 2024, according to our econometric models.