In Montenegro, growth will slow down over the current year owing to poor performance in terms of industrial production and investment. In the medium term, public investment and tourism should make for some acceleration of growth. The rift with Russia over the sanctions, which Montenegro introduced in view of its being a candidate country, has not had any appreciable negative impact to date.

map Montenegro
Main Economic Indicators201220132014201520162017
Population, 1000 persons.620621623...
GDP, real change in %-
GDP per capita (EUR at PPP)104001070010900...
Gross industrial production, real change in %-7.010.7-11.4...
Unemployment rate - LFS, in %, average19.719.519.019.019.0.
Average gross monthly wages, EUR727726723...
Consumer prices, % p.a.4.12.2-
Fiscal balance in % of GDP-6.6-3.8-2.0...
Public debt in % of GDP54.056.359.0...
Current account in % of GDP-18.7-14.6-20.0-15.9-15.4.
FDI inflow, EUR mn482337350...
Gross external debt in % of GDP41.143.145.0...

Basic data are continuously updated.

* Forecasts are changed beginning of March, July and November.
See Press Conferences.


MONTENEGRO: Relying on tourism

Vladimir Gligorov
in: On Thin Ice: CESEE Core Resilient in the Face of EU Stagnation and the Ukraine Crisis
wiiw Forecast Report No. Autumn 2014, November 2014 , pp. 91-93
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Monthly Report No. 7-8/2014

Vasily Astrov, Rumen Dobrinsky, Vladimir Gligorov, Doris Hanzl-Weiss, Peter Havlik, Mario Holzner, Gabor Hunya, Michael Landesmann, Sebastian Leitner, Leon Podkaminer, Sandor Richter and Hermine Vidovic
wiiw Monthly Report No. 7-8, July 2014
23 pages including 1 Table and 2 Figures