Montenegro

Economic growth slowed markedly at the turn of 2016, largely because of a surge in imports. It recovered in the course of the year and is now poised to return to 3% or thereabouts in the medium term. Political risks also contributed to economic volatility, though a degree of stability should have returned following the early elections. The economy will continue to rely even more on services, i.e. on tourism.

map Montenegro
        FORECAST*
Main Economic Indicators201420152016201720182019
Population, 1000 persons.622622625...
GDP, real change in %1.83.42.53.12.93.3
GDP per capita (EUR at PPP)113001210012400...
Gross industrial production, real change in %-11.47.9-4.4...
Unemployment rate - LFS, in %, average18.017.617.717.016.516.5
Average gross monthly wages, EUR723725751...
Consumer prices, % p.a.-0.51.40.11.52.02.0
Fiscal balance in % of GDP-3.0-8.0-1.6...
Public debt in % of GDP56.262.863.7...
Current account in % of GDP-15.2-13.3-19.0-16.4-20.7-19.8
FDI inflow, EUR mn375630205...
Gross external debt in % of GDP45.254.053.1...


Basic data are continuously updated.

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

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MONTENEGRO: Growth returns

Vladimir Gligorov
in: Cautious Upturn in CESEE: Haunted by the Spectre of Uncertainty
wiiw Forecast Report No. Spring 2017, , pp. 96-98
Details and Buy

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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

Details


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