Annual growth of the gross capital formation in Montenegro
Montenegro: Annual growth of the gross capital formation was 3.7% in 2024. ◆ Volatile
Annual growth of the gross capital formation in Montenegro, 2007–2024
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
Montenegro recorded 3.7% for annual growth of the gross capital formation in 2024.
Compared with earlier readings it is down 47.3% on the previous year and down 28.4% over ten years.
Over the whole period, annual growth of the gross capital formation in Montenegro peaked at 65.3% in 2007 and was at its lowest, -33.5%, in 2009.
That places Montenegro 73rd out of 167 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 growth of the gross capital formation in Montenegro, year by year
| Year | % | Change |
|---|---|---|
| 2007 | 65.3% | — |
| 2008 | 31.1% | -52.4% |
| 2009 | -33.5% | -207.8% |
| 2010 | -15.0% | -55.1% |
| 2011 | -10.1% | -33.1% |
| 2012 | 0.3% | -103.2% |
| 2013 | 1.1% | +256.2% |
| 2014 | 5.1% | +348.2% |
| 2015 | 7.9% | +54.2% |
| 2016 | 40.6% | +415.2% |
| 2017 | 20.3% | -50.1% |
| 2018 | 15.3% | -24.5% |
| 2019 | 1.1% | -92.9% |
| 2020 | -16.1% | -1574.3% |
| 2021 | -5.9% | -63.2% |
| 2022 | 14.3% | -341.7% |
| 2023 | 6.9% | -51.5% |
| 2024 | 3.7% | -47.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 21.0% | -33.5% | 65.3% | 3 |
| 2010s | 6.7% | -15.0% | 40.6% | 10 |
| 2020s | 0.6% | -16.1% | 14.3% | 5 |
Countries ranked near Montenegro
- 70 United Arab Emirates 4.2% compare
- 71 Saudi Arabia 3.9% compare
- 72 Portugal 3.8% compare
- 74 United States of America 3.5% compare
- 75 Bahrain 3.5% compare
- 76 Venezuela, Bolivarian Republic of 3.4% compare
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)
- Imports of goods and services (constant 2015 US$), annual growth rate 2.51 % change on previous year (2025)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.5032 constant 2015 US$ per US$ of GDP (2025)
- Imports of goods and services (constant 2015 US$), per capita 7,456 constant 2015 US$ per person (2025)
- External balance on goods and services (current US$), annual growth -27.48 % change on previous year (2025)
- External balance on goods and services (current LCU), annual growth -22.11 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), annual 3.01 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 0.0298 current LCU per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 441.48 current LCU per person (2025)
Frequently asked questions
- What is annual growth of the gross capital formation in Montenegro?
- Annual growth of the gross capital formation in Montenegro was 3.7% in 2024, according to World Bank – processed by Our World in Data.
- What is the highest annual growth of the gross capital formation recorded in Montenegro?
- The highest recorded value was 65.3% in 2007.
- What is the lowest annual growth of the gross capital formation recorded in Montenegro?
- The lowest recorded value was -33.5% in 2009.
- How does Montenegro rank for annual growth of the gross capital formation?
- Montenegro ranks 73rd out of 167 countries with data for 2024.
- Is annual growth of the gross capital formation rising or falling in Montenegro?
- Over the last ten years it is down 28.4%. The long-run trend across the full record is volatile.
- Where does this Montenegro data come from?
- The figures come from World Bank – processed by Our World in Data, published as part of Annual growth of the gross capital formation. Statizoid updates them automatically from the source API.
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About this data
Annual growth of the gross capital formation (%).