Growth of up to 3% per year is expected, with investments and exports acting increasingly as the main drivers. The upcoming elections and joining NATO should prove stabilising factors, while improved regional cooperation should have the same effect.

map Montenegro
Main Economic Indicators201320142015201620172018
Population, 1000 persons.621622622...
GDP, real change in %
GDP per capita (EUR at PPP)108001120011900...
Gross industrial production, real change in %10.6-11.47.9...
Unemployment rate - LFS, in %, average19.518.017.617.517.016.5
Average gross monthly wages, EUR726723725...
Consumer prices, % p.a.1.8-
Fiscal balance in % of GDP-3.7-3.0-7.9...
Public debt in % of GDP55.756.262.8...
Current account in % of GDP-14.5-15.2-13.3-14.6-14.6-14.0
FDI inflow, EUR mn337375630...
Gross external debt in % of GDP42.645.254.0...

Basic data are continuously updated.

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


Monthly Report No. 7-8/2016

Vasily Astrov, Serkan Çiçek, Rumen Dobrinsky, Vladimir Gligorov, Doris Hanzl-Weiss, Peter Havlik, Mario Holzner, Gabor Hunya, Simona Jokubauskaite, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter and Hermine Vidovic
wiiw Monthly Report No. 7-8,
25 pages including 1 Table and 1 Figure



MONTENEGRO: Maintaining stability

Vladimir Gligorov
in: Growth Stabilises: Investment a Major Driver, Except in Countries Plagued by Recession
wiiw Forecast Report No. Spring 2016, , pp. 101-103
Details and Buy