Annual growth rate of real GDP per capita in Montenegro
Montenegro: Annual growth rate of real GDP per capita was 2.4% in 2024. ◆ Volatile
Latest (2024)
2.4%
Change on year
down 27.3%
World rank
101st
of 226 countries
All-time high
14.5%
in 2000
All-time low
-14.5%
in 2020
Years of data
25
2000–2024
Annual growth rate of real GDP per capita in Montenegro, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
Montenegro recorded 2.4% for annual growth rate of real gdp per capita in 2024.
Compared with earlier readings it is down 27.3% on the previous year and down 11.1% over ten years.
Over the whole period, annual growth rate of real gdp per capita in Montenegro peaked at 14.5% in 2000 and was at its lowest, -14.5%, in 2020.
That places Montenegro 101st out of 226 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 rate of real GDP per capita in Montenegro, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 14.5% | — |
| 2001 | 1.1% | -92.4% |
| 2002 | 1.9% | +72.7% |
| 2003 | 2.5% | +31.6% |
| 2004 | 4.4% | +76.0% |
| 2005 | 4.1% | -6.8% |
| 2006 | 8.6% | +109.8% |
| 2007 | 7.2% | -16.3% |
| 2008 | 7.0% | -2.8% |
| 2009 | -5.9% | -184.3% |
| 2010 | 2.8% | -147.5% |
| 2011 | 3.3% | +17.9% |
| 2012 | -2.6% | -178.8% |
| 2013 | 3.4% | -230.8% |
| 2014 | 2.7% | -20.6% |
| 2015 | 3.1% | +14.8% |
| 2016 | 4.1% | +32.3% |
| 2017 | 3.9% | -4.9% |
| 2018 | 5.5% | +41.0% |
| 2019 | 5.1% | -7.3% |
| 2020 | -14.5% | -384.3% |
| 2021 | 13.8% | -195.2% |
| 2022 | 5.8% | -58.0% |
| 2023 | 3.3% | -43.1% |
| 2024 | 2.4% | -27.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.5% | -5.9% | 14.5% | 10 |
| 2010s | 3.1% | -2.6% | 5.5% | 10 |
| 2020s | 2.2% | -14.5% | 13.8% | 5 |
Countries ranked near Montenegro
- 98 Dominica 2.5% compare
- 98 Guinea-Bissau 2.5% compare
- 98 United Republic of Tanzania 2.5% compare
- 102 Papua New Guinea 2.3% compare
- 102 Slovakia 2.3% compare
- 104 Algeria 2.2% compare
- 104 Nicaragua 2.2% compare
- 104 Peru 2.2% compare
- 104 Portugal 2.2% compare
- 104 Samoa 2.2% compare
- 104 Sierra Leone 2.2% compare
- 104 Trinidad and Tobago 2.2% compare
- 104 United States of America 2.2% 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)
- Total reserves minus gold (current US$), per unit of GDP 0.2379 current US$ per US$ of GDP (2025)
- Total reserves minus gold (current US$), per capita 3,525 current US$ per person (2025)
- General government final consumption expenditure (current US$) 10.11 % change on previous year (2025)
- General government final consumption expenditure (current US$), per 0.1741 current US$ per US$ of GDP (2025)
- General government final consumption expenditure (current US$), per 2,579 current US$ per person (2025)
- General government final consumption expenditure (current LCU) 5.47 % change on previous year (2025)
- General government final consumption expenditure (current LCU), per 0.154 current LCU per US$ of GDP (2025)
- General government final consumption expenditure (current LCU), per 2,282 current LCU per person (2025)
Frequently asked questions
- What is annual growth rate of real gdp per capita in Montenegro?
- Annual growth rate of real gdp per capita in Montenegro was 2.4% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual growth rate of real gdp per capita recorded in Montenegro?
- The highest recorded value was 14.5% in 2000.
- What is the lowest annual growth rate of real gdp per capita recorded in Montenegro?
- The lowest recorded value was -14.5% in 2020.
- How does Montenegro rank for annual growth rate of real gdp per capita?
- Montenegro ranks 101st out of 226 countries with data for 2024.
- Is annual growth rate of real gdp per capita rising or falling in Montenegro?
- Over the last ten years it is down 11.1%. 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 growth rate of real GDP per capita (%). Statizoid updates them automatically from the source API.
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