There should be some moderate growth this year and some modest acceleration in the medium run. It will depend on a continued positive contribution of the tourist industry and on increased public investments. The advance in the negotiations with the EU should contribute to political stability and keep up the country’s attractiveness to foreign investors.

map Montenegro
Main Economic Indicators201120122013201420152016
Population, 1000 persons.621620622...
GDP, real change in %3.2-
GDP per capita (EUR at PPP)106001040010700...
Gross industrial production, real change in %-10.3-7.010.7...
Unemployment rate - LFS, in %, average19.719.719.519.019.019.0
Average gross monthly wages, EUR722727726...
Consumer prices, % p.a.
Fiscal balance in % of GDP-5.4-6.6-3.6...
Public debt in % of GDP46.054.056.3...
Current account in % of GDP-17.7-18.7-14.6-15.4-15.4-15.0
FDI inflow, EUR mn401482337...
Gross external debt in % of GDP32.941.143.1...

Basic data are continuously updated.

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


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


MONTENEGRO: Slowly improving picture

Vladimir Gligorov
in: Investment to the Rescue
wiiw Forecast Report No. Spring 2014, March 2014 , pp. 77-79
Details and Buy