GDP (current LCU) (UNICEF) in Montenegro
Montenegro: GDP (current LCU) (UNICEF) was 7.64 billion in 2024. ◆ Volatile
Latest (2024)
7.64 billion
Change on year
up 8.1%
World rank
71st
of 74 countries
All-time high
7.64 billion
in 2024
All-time low
743.23 million
in 1997
Years of data
28
1997–2024
GDP in Montenegro, 1997–2024
Source: UNICEF.
Analysis
Montenegro recorded 7.64 billion for gdp in 2024. That is the highest value across all 28 years on record.
The figure is up 8.1% on the previous year and up 121.8% over ten years.
Over the whole period, gdp in Montenegro peaked at 7.64 billion in 2024 and was at its lowest, 743.23 million, in 1997.
Montenegro ranks 71st of 74 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
GDP (current LCU) (UNICEF) in Montenegro, year by year
| Year | Value | Change |
|---|---|---|
| 1997 | 743.23 million | — |
| 1998 | 765.42 million | +3.0% |
| 1999 | 777.79 million | +1.6% |
| 2000 | 1.07 billion | +37.0% |
| 2001 | 1.30 billion | +21.5% |
| 2002 | 1.36 billion | +5.0% |
| 2003 | 1.51 billion | +11.0% |
| 2004 | 1.67 billion | +10.6% |
| 2005 | 1.81 billion | +8.7% |
| 2006 | 2.17 billion | +19.4% |
| 2007 | 2.69 billion | +24.0% |
| 2008 | 3.10 billion | +15.4% |
| 2009 | 2.98 billion | -3.8% |
| 2010 | 3.12 billion | +4.7% |
| 2011 | 3.24 billion | +3.8% |
| 2012 | 3.17 billion | -2.1% |
| 2013 | 3.33 billion | +5.1% |
| 2014 | 3.45 billion | +3.5% |
| 2015 | 3.62 billion | +4.9% |
| 2016 | 3.94 billion | +8.9% |
| 2017 | 4.25 billion | +8.0% |
| 2018 | 4.60 billion | +8.2% |
| 2019 | 4.90 billion | +6.5% |
| 2020 | 4.14 billion | -15.4% |
| 2021 | 4.92 billion | +18.8% |
| 2022 | 5.94 billion | +20.7% |
| 2023 | 7.07 billion | +18.9% |
| 2024 | 7.64 billion | +8.1% |
Montenegro compared with similar countries
- Montenegro's 7.64 billion is below the median for upper middle income countries, which is 964.09 billion, 1% of the median. (19 countries reporting)
- Montenegro's 7.64 billion is below the median for Europe & Central Asia, which is 591.53 billion, 1% of the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 762.15 million | 743.23 million | 777.79 million | 3 |
| 2000s | 1.97 billion | 1.07 billion | 3.10 billion | 10 |
| 2010s | 3.76 billion | 3.12 billion | 4.90 billion | 10 |
| 2020s | 5.95 billion | 4.14 billion | 7.64 billion | 5 |
Countries ranked near Montenegro
- 68 Palestine 13.71 billion compare
- 69 Kosovo (UNSCR 1244) 10.35 billion compare
- 70 Monaco 10.28 billion compare
- 72 Liechtenstein 7.40 billion compare
- 73 Andorra 3.73 billion compare
- 74 San Marino 1.87 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 7.64 billion in 2024, according to UNICEF.
- What is the highest gdp recorded in Montenegro?
- The highest recorded value was 7.64 billion in 2024.
- What is the lowest gdp recorded in Montenegro?
- The lowest recorded value was 743.23 million in 1997.
- How does Montenegro rank for gdp?
- Montenegro ranks 71st out of 74 countries with data for 2024.
- Is gdp rising or falling in Montenegro?
- Over the last ten years it is up 121.8%. The long-run trend across the full record is volatile.
- Where does this Montenegro data come from?
- The figures come from UNICEF, published as part of GDP (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 28 observations, free to reuse under UNICEF Terms of Use (attribution required).