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.
| FORECAST* | ||||||
|---|---|---|---|---|---|---|
| Main Economic Indicators | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 |
| Population, 1000 persons. | 622 | 622 | 625 | . | . | . |
| GDP, real change in % | 1.8 | 3.4 | 2.5 | 3.1 | 2.9 | 3.3 |
| GDP per capita (EUR at PPP) | 11300 | 12100 | 12400 | . | . | . |
| Gross industrial production, real change in % | -11.4 | 7.9 | -4.4 | . | . | . |
| Unemployment rate - LFS, in %, average | 18.0 | 17.6 | 17.7 | 17.0 | 16.5 | 16.5 |
| Average gross monthly wages, EUR | 723 | 725 | 751 | . | . | . |
| Consumer prices, % p.a. | -0.5 | 1.4 | 0.1 | 1.5 | 2.0 | 2.0 |
| Fiscal balance in % of GDP | -3.0 | -8.0 | -1.6 | . | . | . |
| Public debt in % of GDP | 56.2 | 62.8 | 63.7 | . | . | . |
| Current account in % of GDP | -15.2 | -13.3 | -19.0 | -16.4 | -20.7 | -19.8 |
| FDI inflow, EUR mn | 375 | 630 | 205 | . | . | . |
| Gross external debt in % of GDP | 45.2 | 54.0 | 53.1 | . | . | . |
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
MONTENEGRO: Growth returns
Vladimir Gligorov
in: Cautious Upturn in CESEE: Haunted by the Spectre of Uncertainty
wiiw Forecast Report No. Spring 2017, March 2017 , pp. 96-98
Details and Buy
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, July-August 2016
25 pages including 1 Table and 1 Figure
