Annual GDP growth in Montenegro
Montenegro: Annual GDP growth was 3.2% in 2024. ◆ Volatile
Annual GDP growth in Montenegro, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
The most recent figure for annual gdp growth in Montenegro is 3.2%, measured in 2024.
Compared with earlier readings it is down 51.2% on the previous year and up 33.5% over ten years.
Over the whole period, annual gdp growth in Montenegro peaked at 13.0% in 2021 and was at its lowest, -15.0%, in 2020.
That places Montenegro 100th out of 196 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Annual GDP growth in Montenegro, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 3.1% | — |
| 2001 | 1.1% | -64.5% |
| 2002 | 1.9% | +73.1% |
| 2003 | 2.5% | +30.4% |
| 2004 | 4.4% | +78.3% |
| 2005 | 4.2% | -5.5% |
| 2006 | 8.6% | +104.9% |
| 2007 | 7.1% | -16.7% |
| 2008 | 6.9% | -3.3% |
| 2009 | -6.0% | -186.9% |
| 2010 | 2.8% | -146.3% |
| 2011 | 3.4% | +22.8% |
| 2012 | -2.5% | -172.9% |
| 2013 | 3.4% | -236.1% |
| 2014 | 2.4% | -30.0% |
| 2015 | 2.5% | +6.4% |
| 2016 | 3.4% | +36.3% |
| 2017 | 3.2% | -6.5% |
| 2018 | 4.7% | +47.1% |
| 2019 | 4.4% | -7.2% |
| 2020 | -15.0% | -441.2% |
| 2021 | 13.0% | -187.0% |
| 2022 | 7.7% | -40.7% |
| 2023 | 6.5% | -16.3% |
| 2024 | 3.2% | -51.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.4% | -6.0% | 8.6% | 10 |
| 2010s | 2.8% | -2.5% | 4.7% | 10 |
| 2020s | 3.1% | -15.0% | 13.0% | 5 |
Countries ranked near Montenegro
More economy & growth data for Montenegro
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.15 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3 Percent per annum (2029)
- GDP (constant 2015 US$), annual growth rate 2.74 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.5926 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 8,780 constant 2015 US$ per person (2025)
- GDP (constant LCU), annual growth rate 2.74 % change on previous year (2025)
- GDP (constant LCU), per unit of GDP 0.5044 constant LCU per US$ of GDP (2025)
- GDP (constant LCU), per capita 7,474 constant LCU per person (2025)
- Gross domestic savings (current US$), annual growth rate -58.16 % change on previous year (2025)
- Gross domestic savings (current US$), per unit of GDP 0.0129 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is annual gdp growth in Montenegro?
- Annual gdp growth in Montenegro was 3.2% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual gdp growth recorded in Montenegro?
- The highest recorded value was 13.0% in 2021.
- What is the lowest annual gdp growth recorded in Montenegro?
- The lowest recorded value was -15.0% in 2020.
- How does Montenegro rank for annual gdp growth?
- Montenegro ranks 100th out of 196 countries with data for 2024.
- Is annual gdp growth rising or falling in Montenegro?
- Over the last ten years it is up 33.5%. The long-run trend across the full record is volatile.
- Where does this Montenegro data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual GDP growth (%). Statizoid updates them automatically from the source API.
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