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. Measured in %.
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 119th out of 230 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 | % | 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% |
Montenegro compared with similar countries
- Montenegro's 3.2% is below the median for upper middle income countries, which is 3.5%, 90% of the median. (56 countries reporting)
- Montenegro's 3.2% is above the median for Europe & Central Asia, which is 2.6%, 1.2× the median. (55 countries reporting)
Biggest year-on-year movements
Years where Annual GDP growth (%) 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 | -441.2% | 4.4% | -15.0% |
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
- Real gdp growth, annual growth rate -14.66 % change on previous year (2025)
- 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)
- 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)
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 119th out of 230 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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