Montenegro

Growth will slow to around 3% in the short run but may accelerate somewhat beyond that, depending primarily on the resumptions of ambitious government investments. Politically, the opposition is yet to find a way to challenge the governing coalition, though the democratic deficit is taking its toll on internal and external credibility. Montenegro is a front-runner in EU integration, though the prospects of accession are not rosy as the EU does not appear to be interested in enlargement any time soon.

map Montenegro
        FORECAST*
Main Economic Indicators201620172018201920202021
Population, 1000 persons622622622...
GDP, real change in %2.94.75.13.13.02.1
GDP per capita (EUR at PPP)130001370014700...
Gross industrial production, real change in %-2.9-4.222.4...
Unemployment rate - LFS, in %, average17.416.115.214.314.013.9
Average gross monthly wages, EUR751765766...
Consumer prices, % p.a.-0.32.42.61.51.81.9
Fiscal balance in % of GDP-3.6-5.3-2.9...
Public debt in % of GDP64.464.270.1...
Current account in % of GDP-16.2-16.1-17.0-17.8-18.0-14.3
FDI inflow, EUR mn205494415...
Gross external debt in % of GDP50.651.559.2...


Basic data are continuously updated.

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

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MONTENEGRO: Fiscal consolidation puts a brake on growth

Vladimir Gligorov
in: Braced for Fallout from Global Slowdown
wiiw Forecast Report No. Autumn 2019, November 2019 , pp. 91-93
Details and Buy

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Monthly Report No. 6/2019

Vasily Astrov, Rumen Dobrinsky, Richard Grieveson, Doris Hanzl-Weiss, Gabor Hunya, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter, Hermine Vidovic and Goran Vuksic
wiiw Monthly Report No. 6, June 2019
27 pages including 24 Tables and 1 Figure

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