GDP (constant LCU) (UNICEF) in Montenegro
Montenegro: GDP (constant LCU) (UNICEF) was 4.53 billion in 2024. ▲ Rising
Latest (2024)
4.53 billion
Change on year
up 3.2%
World rank
72nd
of 74 countries
All-time high
4.53 billion
in 2024
All-time low
2.19 billion
in 1999
Years of data
28
1997–2024
GDP in Montenegro, 1997–2024
Source: UNICEF.
Analysis
Montenegro recorded 4.53 billion for gdp in 2024. That is the highest value across all 28 years on record.
The figure is up 3.2% on the previous year and up 36.1% over ten years.
Over the whole period, gdp in Montenegro peaked at 4.53 billion in 2024 and was at its lowest, 2.19 billion, in 1999.
That places Montenegro 72nd out of 74 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 28 years of available data.
GDP (constant LCU) (UNICEF) in Montenegro, year by year
| Year | Value | Change |
|---|---|---|
| 1997 | 2.31 billion | — |
| 1998 | 2.42 billion | +4.9% |
| 1999 | 2.19 billion | -9.4% |
| 2000 | 2.26 billion | +3.1% |
| 2001 | 2.29 billion | +1.1% |
| 2002 | 2.33 billion | +1.9% |
| 2003 | 2.39 billion | +2.5% |
| 2004 | 2.49 billion | +4.4% |
| 2005 | 2.60 billion | +4.2% |
| 2006 | 2.82 billion | +8.6% |
| 2007 | 3.02 billion | +7.1% |
| 2008 | 3.23 billion | +6.9% |
| 2009 | 3.04 billion | -6.0% |
| 2010 | 3.12 billion | +2.8% |
| 2011 | 3.23 billion | +3.4% |
| 2012 | 3.15 billion | -2.5% |
| 2013 | 3.25 billion | +3.4% |
| 2014 | 3.33 billion | +2.4% |
| 2015 | 3.41 billion | +2.5% |
| 2016 | 3.53 billion | +3.4% |
| 2017 | 3.65 billion | +3.2% |
| 2018 | 3.82 billion | +4.7% |
| 2019 | 3.99 billion | +4.4% |
| 2020 | 3.39 billion | -15.0% |
| 2021 | 3.83 billion | +13.0% |
| 2022 | 4.13 billion | +7.7% |
| 2023 | 4.39 billion | +6.5% |
| 2024 | 4.53 billion | +3.2% |
Montenegro compared with similar countries
- Montenegro's 4.53 billion is below the median for upper middle income countries, which is 508.57 billion, 1% of the median. (19 countries reporting)
- Montenegro's 4.53 billion is below the median for Europe & Central Asia, which is 490.93 billion, 1% of the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.31 billion | 2.19 billion | 2.42 billion | 3 |
| 2000s | 2.65 billion | 2.26 billion | 3.23 billion | 10 |
| 2010s | 3.45 billion | 3.12 billion | 3.99 billion | 10 |
| 2020s | 4.05 billion | 3.39 billion | 4.53 billion | 5 |
Countries ranked near Montenegro
- 69 Monaco 9.17 billion compare
- 70 Kosovo (UNSCR 1244) 6.93 billion compare
- 71 Liechtenstein 4.82 billion compare
- 73 Andorra 2.99 billion compare
- 74 San Marino 1.42 billion compare
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 gdp in Montenegro?
- Gdp in Montenegro was 4.53 billion in 2024, according to UNICEF.
- What is the highest gdp recorded in Montenegro?
- The highest recorded value was 4.53 billion in 2024.
- What is the lowest gdp recorded in Montenegro?
- The lowest recorded value was 2.19 billion in 1999.
- How does Montenegro rank for gdp?
- Montenegro ranks 72nd out of 74 countries with data for 2024.
- Is gdp rising or falling in Montenegro?
- Over the last ten years it is up 36.1%. The long-run trend across the full record is rising.
- Where does this Montenegro data come from?
- The figures come from UNICEF, published as part of GDP (constant LCU). Statizoid updates them automatically from the source API.
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