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In the short run economy should get out of recession and in the medium run recovery should speed up, but still at relatively slow speed. It will take much more pronounced return of foreign investors to get the economy back to growth rates experienced before the crisis.
|Main Economic Indicators||2010||2011||2012||2013||2014||2015|
|Population, 1000 persons.||619||621||622||.||.||.|
|GDP, real change in %||2.5||3.2||-2.5||2.0||2.1||2.9|
|GDP per capita (EUR at PPP)||10200||10500||10200||.||.||.|
|Gross industrial production, real change in %||17.5||-10.3||-7.1||.||.||.|
|Unemployment rate - LFS, in %, average||19.6||19.7||19.7||20.0||19.0||19.0|
|Average gross monthly wages, EUR||715||722||727||.||.||.|
|Consumer prices, % p.a.||0.5||3.1||4.1||3.0||3.0||3.0|
|Fiscal balance in % of GDP||-3.0||-5.5||-4.2||.||.||.|
|Public debt in % of GDP||40.9||45.9||54.0||.||.||.|
|Current account in % of GDP||-22.9||-17.7||-18.6||-15.5||-15.4||-15.4|
|FDI inflow, EUR mn||574||401||474||.||.||.|
|Gross external debt in % of GDP||29.4||32.9||41.1||.||.||.|
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
Montenegro: Waiting for investors
in: Animal Spirits still Dimmed: Slow Recovery Expected
wiiw Current Analyses and Forecasts No. 12, July 2013 , pp. 109-110 Details and Buy
Monthly Report No. 11/2013
Vasily Astrov, Vladimir Gligorov, Peter Havlik, Mario Holzner and Olga Pindyuk
wiiw Monthly Report No. 11, November 2013
38 pages including 17 Tables Details