GDP growth in Montenegro
Montenegro: GDP growth was 3.16 in 2024. ◆ Volatile
Latest (2024)
3.16
Change on year
down 51.2%
World rank
28th
of 74 countries
All-time high
13.05
in 2021
All-time low
-14.99
in 2020
Years of data
27
1998–2024
GDP growth in Montenegro, 1998–2024
Source: UNICEF.
Analysis
The most recent figure for gdp growth in Montenegro is 3.16, measured in 2024.
Compared with earlier readings it is down 51.2% on the previous year and up 33.5% over ten years.
Over the whole period, gdp growth in Montenegro peaked at 13.05 in 2021 and was at its lowest, -14.99, in 2020.
Montenegro ranks 28th of 74 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
GDP growth in Montenegro, year by year
| Year | Value | Change |
|---|---|---|
| 1998 | 4.9 | — |
| 1999 | -9.4 | -291.8% |
| 2000 | 3.1 | -133.0% |
| 2001 | 1.1 | -64.5% |
| 2002 | 1.9 | +73.1% |
| 2003 | 2.48 | +30.4% |
| 2004 | 4.43 | +78.3% |
| 2005 | 4.18 | -5.5% |
| 2006 | 8.57 | +104.9% |
| 2007 | 7.14 | -16.7% |
| 2008 | 6.9 | -3.3% |
| 2009 | -5.99 | -186.9% |
| 2010 | 2.78 | -146.3% |
| 2011 | 3.41 | +22.8% |
| 2012 | -2.49 | -172.9% |
| 2013 | 3.39 | -236.1% |
| 2014 | 2.37 | -30.0% |
| 2015 | 2.52 | +6.4% |
| 2016 | 3.44 | +36.3% |
| 2017 | 3.22 | -6.5% |
| 2018 | 4.73 | +47.1% |
| 2019 | 4.39 | -7.2% |
| 2020 | -14.99 | -441.2% |
| 2021 | 13.05 | -187.0% |
| 2022 | 7.74 | -40.7% |
| 2023 | 6.48 | -16.3% |
| 2024 | 3.16 | -51.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -2.25 | -9.4 | 4.9 | 2 |
| 2000s | 3.38 | -5.99 | 8.57 | 10 |
| 2010s | 2.78 | -2.49 | 4.73 | 10 |
| 2020s | 3.09 | -14.99 | 13.05 | 5 |
Countries ranked near Montenegro
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)
- GDP (constant 2015 US$), annual growth rate 2.74 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.5926 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 8,780 constant 2015 US$ per person (2025)
- GDP (constant LCU), annual growth rate 2.74 % change on previous year (2025)
- GDP (constant LCU), per unit of GDP 0.5044 constant LCU per US$ of GDP (2025)
- GDP (constant LCU), per capita 7,474 constant LCU per person (2025)
- Gross domestic savings (current US$), annual growth rate -58.16 % change on previous year (2025)
- Gross domestic savings (current US$), per unit of GDP 0.0129 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is gdp growth in Montenegro?
- Gdp growth in Montenegro was 3.16 in 2024, according to UNICEF.
- What is the highest gdp growth recorded in Montenegro?
- The highest recorded value was 13.05 in 2021.
- What is the lowest gdp growth recorded in Montenegro?
- The lowest recorded value was -14.99 in 2020.
- How does Montenegro rank for gdp growth?
- Montenegro ranks 28th out of 74 countries with data for 2024.
- Is gdp growth rising or falling in Montenegro?
- Over the last ten years it is up 33.5%. 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 growth (annual %). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 27 observations, free to reuse under UNICEF Terms of Use (attribution required).