Montenegro
Overall, the economy should expand by 3% in the medium term. Assuming EU recovery is sustained, tourism should continue to support expansion. Infrastructure investments should continue and help as well. That should also lead to improvements in the labour market. In the same period, additional political stabilisation should take place and EU accession should advance steadily.
| FORECAST* | ||||||
|---|---|---|---|---|---|---|
| Main Economic Indicators | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
| Population, 1000 persons | 622 | 622 | 625 | . | . | . |
| GDP, real change in % | 3.4 | 2.9 | 4.4 | 2.9 | 3.0 | 3.1 |
| GDP per capita (EUR at PPP) | 12300 | 13000 | 13500 | . | . | . |
| Gross industrial production, real change in % | 7.9 | -3.3 | -4.2 | . | . | . |
| Unemployment rate - LFS, in %, average | 17.6 | 17.4 | 16.1 | 15.0 | 15.0 | 15.0 |
| Average gross monthly wages, EUR | 725 | 751 | 765 | . | . | . |
| Consumer prices, % p.a. | 1.4 | 0.1 | 2.8 | 2.0 | 2.0 | 2.0 |
| Fiscal balance in % of GDP | -8.3 | -3.6 | -2.0 | . | . | . |
| Public debt in % of GDP | 62.3 | 60.8 | 59.5 | . | . | . |
| Current account in % of GDP | -11.0 | -16.2 | -16.3 | -20.2 | -20.0 | -17.7 |
| FDI inflow, EUR mn | 630 | 205 | 494 | . | . | . |
| Gross external debt in % of GDP | 53.5 | 50.6 | 52.3 | . | . | . |
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
MONTENEGRO: Tourism to the rescue
Vladimir Gligorov
in: Riding the Global Growth Wave
wiiw Forecast Report No. Spring 2018, March 2018 , pp. 122-124
Details and Buy
Monthly Report No. 7-8/2017
Vasily Astrov, Rumen Dobrinsky, Vladimir Gligorov, Richard Grieveson, Doris Hanzl-Weiss, Peter Havlik, Gabor Hunya, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter and Hermine Vidovic
wiiw Monthly Report No. 7-8, August 2017
27 pages including 1 Table and 2 Figures