Overall, short-term prospects are for some acceleration of growth while in the medium term even some speeding-up is likely. The latter will depend very much on whether a sustained programme of investments and modernisation is developed, financing secured, and implementation is efficient. Montenegro hopes to be the next country to join NATO and is negotiating with the EU with the prospect of being the next country from the Western Balkans to join.

map Montenegro
Main Economic Indicators201220132014201520162017
Population, 1000 persons.621621622...
GDP, real change in %-
GDP per capita (EUR at PPP)103001070010700...
Gross industrial production, real change in %-7.010.6-11.4...
Unemployment rate - LFS, in %, average19.719.518.
Average gross monthly wages, EUR727726723...
Consumer prices, % p.a.4.01.8-
Fiscal balance in % of GDP-6.6-3.8-3.0...
Public debt in % of GDP54.056.356.7...
Current account in % of GDP.-14.6-15.4-15.0-15.0-15.0
FDI inflow, EUR mn.337375...
Gross external debt in % of GDP41.143.145.6...

Basic data are continuously updated.

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


Monthly Report No. 7-8/2015

Vasily Astrov, Serkan Çiçek, Rumen Dobrinsky, Vladimir Gligorov, Doris Hanzl-Weiss, Peter Havlik, Mario Holzner, Gabor Hunya, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter and Hermine Vidovic
wiiw Monthly Report No. 7-8, July-August 2015
25 pages including 1 Table and 2 Figures



MONTENEGRO: Public and foreign investments driving growth improvement

Vladimir Gligorov
in: A Time of Moderate Expectations
wiiw Forecast Report No. Spring 2015, March 2015 , pp. 93-94
Details and Buy