Africa's Development: Annual real GDP growth rate Growth rate … 02 in Montenegro
Montenegro: Africa's Development: Annual real GDP growth rate Growth rate … 02 was 3 Percent per annum in 2029. ◆ Volatile
Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP in Montenegro, 2001–2029
Source: Organisation for Economic Co-operation and Development. Measured in Percent per annum.
Analysis
In 2029, africa's development dynamics (afdd) table 02 - annual real gdp in Montenegro stood at 3 Percent per annum.
The figure is down 26.2% over ten years.
Over the whole period, africa's development dynamics (afdd) table 02 - annual real gdp in Montenegro peaked at 13.04 Percent per annum in 2021 and was at its lowest, -15.31 Percent per annum, in 2020.
Montenegro ranks 81st of 166 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Africa's Development: Annual real GDP growth rate Growth rate … 02 in Montenegro, year by year
| Year | Percent per annum | Change |
|---|---|---|
| 2001 | 1.1 Percent per annum | — |
| 2002 | 1.9 Percent per annum | +72.7% |
| 2003 | 2.5 Percent per annum | +31.6% |
| 2004 | 4.4 Percent per annum | +76.0% |
| 2005 | 4.2 Percent per annum | -4.5% |
| 2006 | 8.6 Percent per annum | +104.8% |
| 2007 | 6.8 Percent per annum | -20.9% |
| 2008 | 7.2 Percent per annum | +5.9% |
| 2009 | -5.8 Percent per annum | -180.6% |
| 2010 | 2.7 Percent per annum | -146.6% |
| 2011 | 3.2 Percent per annum | +18.5% |
| 2012 | -2.72 Percent per annum | -185.1% |
| 2013 | 3.55 Percent per annum | -230.3% |
| 2014 | 1.78 Percent per annum | -49.7% |
| 2015 | 3.39 Percent per annum | +90.1% |
| 2016 | 2.95 Percent per annum | -13.0% |
| 2017 | 4.72 Percent per annum | +59.9% |
| 2018 | 5.08 Percent per annum | +7.7% |
| 2019 | 4.06 Percent per annum | -20.0% |
| 2020 | -15.31 Percent per annum | -476.7% |
| 2021 | 13.04 Percent per annum | -185.2% |
| 2022 | 6.41 Percent per annum | -50.9% |
| 2023 | 6 Percent per annum | -6.3% |
| 2024 | 3.74 Percent per annum | -37.6% |
| 2025 | 3 Percent per annum | -19.8% |
| 2026 | 3 Percent per annum | +0.0% |
| 2027 | 3 Percent per annum | +0.0% |
| 2028 | 3 Percent per annum | +0.0% |
| 2029 | 3 Percent per annum | +0.0% |
Montenegro compared with similar countries
- Montenegro's 3 Percent per annum is above the median for upper middle income countries, which is 2.7 Percent per annum, 1.1× the median. (50 countries reporting)
- Montenegro's 3 Percent per annum is above the median for Europe & Central Asia, which is 2.3 Percent per annum, 1.3× the median. (40 countries reporting)
Biggest year-on-year movements
Years where Africa's Development: Annual real GDP growth rate Growth rate … 02 in Montenegro changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2020 | -476.7% | 4.06 Percent per annum | -15.31 Percent per annum |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.43 Percent per annum | -5.8 Percent per annum | 8.6 Percent per annum | 9 |
| 2010s | 2.87 Percent per annum | -2.72 Percent per annum | 5.08 Percent per annum | 10 |
| 2020s | 2.89 Percent per annum | -15.31 Percent per annum | 13.04 Percent per annum | 10 |
Countries ranked near Montenegro
- 78 Papua New Guinea 3.11 Percent per annum compare
- 79 Brunei Darussalam 3.08 Percent per annum compare
- 80 Zimbabwe 3 Percent per annum compare
- 81 Colombia 3 Percent per annum compare
- 81 Bosnia and Herzegovina 3 Percent per annum compare
- 81 Jordan 3 Percent per annum compare
- 81 Suriname 3 Percent per annum compare
More economy & growth data for Montenegro
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.15 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 4.46 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0103 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 151.96 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.5233 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0075 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 110.96 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -21.12 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0068 units per US$ of GDP (2025)
- IMF holdings of currency, US dollar, per capita 100.33 units per person (2025)
Frequently asked questions
- What is africa's development dynamics (afdd) table 02 - annual real gdp in Montenegro?
- Africa's development dynamics (afdd) table 02 - annual real gdp in Montenegro was 3 Percent per annum in 2029, according to Organisation for Economic Co-operation and Development.
- What is the highest africa's development dynamics (afdd) table 02 - annual real gdp recorded in Montenegro?
- The highest recorded value was 13.04 Percent per annum in 2021.
- What is the lowest africa's development dynamics (afdd) table 02 - annual real gdp recorded in Montenegro?
- The lowest recorded value was -15.31 Percent per annum in 2020.
- How does Montenegro rank for africa's development dynamics (afdd) table 02 - annual real gdp?
- Montenegro ranks 81st out of 166 countries with data for 2029.
- Is africa's development dynamics (afdd) table 02 - annual real gdp rising or falling in Montenegro?
- Over the last ten years it is down 26.2%. The long-run trend across the full record is volatile.
- Where does this Montenegro data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP growth rate — Growth rate of real gross domestic product. Statizoid updates them automatically from the source API.
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About this data
The Statistical Annex to the annual Africa's Development Dynamics (AFDD) report is a collection of development indicators that were gathered and analysed while conducting the research that went into the report. These data are also available online for free viewing or download at https://oe.cd/AFDD-2024, a bilingual website which links to the electronic version of the Africa's Development Dynamics book in both English and French. Table 2 shows the full time series of annual real GDP growth, up to present, and including projected real GDP growth rates over the next five years.