wiiw Forecast Reports

MONTENEGRO: Tourism pushes GDP up


Selena Duraković

in: Recovery Beating Expectations
wiiw Forecast Report No. Autumn 2021, October 2021 , pp. 85-88

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From Q2 2021, the economy has been enjoying a big increase in industrial production, retail sales, exports of goods and tourism. Accordingly, a high rate of GDP growth is expected in 2021. All the same, the huge contraction in 2020 means that the pre-crisis level will not be reached this year. Public debt and the budget deficit are falling but are still high, limiting fiscal space in the coming years. Despite improvements in economic activity, the unemployment rate remains high.


Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database

Countries covered: Montenegro