Growth in the previous year fell short of expectations: it was probably not more than 1.3%. It can be attributed to slower growth in exports. The government plans to increase investments in infrastructure and will continue to rely on foreign investments in the tourist sector. Over the current year and in the medium term, growth should accelerate up to as much as 3%. Efforts are being made to join NATO and step up the pace of negotiations with the EU.

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.
Average gross monthly wages, EUR727726723...
Consumer prices, % p.a.4.01.8-
Fiscal balance in % of GDP-6.6-3.8-2.0...
Public debt in % of GDP54.056.358.6...
Current account in % of GDP.-14.6-15.2-15.0-15.0-15.0
FDI inflow, EUR mn.337375...
Gross external debt in % of GDP41.143.144.7...

Basic data are continuously updated.

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


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


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