Annual gdp growth in Montenegro
Montenegro: Annual gdp growth was 6.34 in 2023. ◆ Volatile
Latest (2023)
6.34
Change on year
down 1.1%
World rank
25th
of 211 countries
All-time high
13.04
in 2021
All-time low
-15.31
in 2020
Years of data
24
2000–2023
Annual gdp growth in Montenegro, 2000–2023
Source: Our World in Data.
Analysis
Montenegro recorded 6.34 for annual gdp growth in 2023.
The figure is down 1.1% on the previous year and up 78.6% over ten years.
Over the whole period, annual gdp growth in Montenegro peaked at 13.04 in 2021 and was at its lowest, -15.31, in 2020.
Montenegro ranks 25th of 211 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.4 | -5.8 | 8.57 | 10 |
| 2010s | 2.88 | -2.72 | 5.08 | 10 |
| 2020s | 2.62 | -15.31 | 13.04 | 4 |
Countries ranked near Montenegro
- 22 Ethiopia 6.5 compare
- 23 Togo 6.41 compare
- 24 Benin 6.35 compare
- 26 Turkmenistan 6.3 compare
- 27 Uzbekistan 6.29 compare
- 28 Côte d’Ivoire 6.2 compare
More economy & growth data for Montenegro
- External balance on goods and services as a percent of gdp -25.65 (2025)
- Inflation of consumer prices 3.9 (2025)
- Gdp per capita worldbank constant usd 8,780 (2025)
- Manufacturing value added to gdp 3.33 (2024)
- Gdp worldbank constant usd 5.47 billion (2025)
- Gdp per capita in international and market dollars 8,780 (2025)
- DEC alternative conversion factor 0.885 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 407.70 million current LCU (2025)
- Net secondary income (Net current transfers from abroad) 460.69 million current US$ (2025)
- Taxes less subsidies on products 1.80 billion current LCU (2025)
Frequently asked questions
- What is annual gdp growth in Montenegro?
- Annual gdp growth in Montenegro was 6.34 in 2023, according to Our World in Data.
- What is the highest annual gdp growth recorded in Montenegro?
- The highest recorded value was 13.04 in 2021.
- What is the lowest annual gdp growth recorded in Montenegro?
- The lowest recorded value was -15.31 in 2020.
- How does Montenegro rank for annual gdp growth?
- Montenegro ranks 25th out of 211 countries with data for 2023.
- Is annual gdp growth rising or falling in Montenegro?
- Over the last ten years it is up 78.6%. The long-run trend across the full record is volatile.
- Where does this Montenegro data come from?
- The figures come from Our World in Data, published as part of Annual gdp growth. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (Our World in Data).