Gross domestic product (GDP) in Montenegro
Montenegro: Gross domestic product (GDP) was 16.68 billion international-$ in 2021 prices in 2023. ▲ Rising
Latest (2023)
16.68 billion international-$ in 2021 prices
Change on year
up 4.8%
World rank
150th
of 184 countries
All-time high
16.68 billion international-$ in 2021 prices
in 2023
All-time low
3.50 billion international-$ in 2021 prices
in 1993
Years of data
34
1990–2023
Gross domestic product (GDP) in Montenegro, 1990–2023
Source: Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data. Measured in international-$ in 2021 prices.
Analysis
The most recent figure for gross domestic product (gdp) in Montenegro is 16.68 billion international-$ in 2021 prices, measured in 2023. That is the highest value across all 34 years on record.
The figure is up 4.8% on the previous year and up 45.1% over ten years.
Over the whole period, gross domestic product (gdp) in Montenegro peaked at 16.68 billion international-$ in 2021 prices in 2023 and was at its lowest, 3.50 billion international-$ in 2021 prices, in 1993.
That places Montenegro 150th out of 184 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 34 years of available data.
Gross domestic product (GDP) in Montenegro, year by year
| Year | international-$ in 2021 prices | Change |
|---|---|---|
| 1990 | 8.08 billion international-$ in 2021 prices | — |
| 1991 | 7.22 billion international-$ in 2021 prices | -10.7% |
| 1992 | 5.51 billion international-$ in 2021 prices | -23.6% |
| 1993 | 3.50 billion international-$ in 2021 prices | -36.5% |
| 1994 | 3.55 billion international-$ in 2021 prices | +1.4% |
| 1995 | 4.07 billion international-$ in 2021 prices | +14.5% |
| 1996 | 5.19 billion international-$ in 2021 prices | +27.5% |
| 1997 | 5.51 billion international-$ in 2021 prices | +6.1% |
| 1998 | 5.82 billion international-$ in 2021 prices | +5.6% |
| 1999 | 5.30 billion international-$ in 2021 prices | -8.8% |
| 2000 | 5.97 billion international-$ in 2021 prices | +12.6% |
| 2001 | 6.31 billion international-$ in 2021 prices | +5.8% |
| 2002 | 6.12 billion international-$ in 2021 prices | -3.2% |
| 2003 | 6.16 billion international-$ in 2021 prices | +0.8% |
| 2004 | 6.50 billion international-$ in 2021 prices | +5.5% |
| 2005 | 6.95 billion international-$ in 2021 prices | +7.0% |
| 2006 | 8.87 billion international-$ in 2021 prices | +27.5% |
| 2007 | 10.97 billion international-$ in 2021 prices | +23.7% |
| 2008 | 11.88 billion international-$ in 2021 prices | +8.3% |
| 2009 | 10.89 billion international-$ in 2021 prices | -8.3% |
| 2010 | 10.92 billion international-$ in 2021 prices | +0.3% |
| 2011 | 12.19 billion international-$ in 2021 prices | +11.6% |
| 2012 | 11.93 billion international-$ in 2021 prices | -2.1% |
| 2013 | 11.50 billion international-$ in 2021 prices | -3.6% |
| 2014 | 11.50 billion international-$ in 2021 prices | -0.0% |
| 2015 | 12.42 billion international-$ in 2021 prices | +8.0% |
| 2016 | 12.81 billion international-$ in 2021 prices | +3.1% |
| 2017 | 13.54 billion international-$ in 2021 prices | +5.7% |
| 2018 | 13.93 billion international-$ in 2021 prices | +2.9% |
| 2019 | 15.90 billion international-$ in 2021 prices | +14.1% |
| 2020 | 12.86 billion international-$ in 2021 prices | -19.1% |
| 2021 | 14.81 billion international-$ in 2021 prices | +15.2% |
| 2022 | 15.91 billion international-$ in 2021 prices | +7.4% |
| 2023 | 16.68 billion international-$ in 2021 prices | +4.8% |
Montenegro compared with similar countries
- Montenegro's 16.68 billion international-$ in 2021 prices is below the median for upper middle income countries, which is 148.60 billion international-$ in 2021 prices, 11% of the median. (51 countries reporting)
- Montenegro's 16.68 billion international-$ in 2021 prices is below the median for Europe & Central Asia, which is 314.74 billion international-$ in 2021 prices, 5% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 5.37 billion international-$ in 2021 prices | 3.50 billion international-$ in 2021 prices | 8.08 billion international-$ in 2021 prices | 10 |
| 2000s | 8.06 billion international-$ in 2021 prices | 5.97 billion international-$ in 2021 prices | 11.88 billion international-$ in 2021 prices | 10 |
| 2010s | 12.66 billion international-$ in 2021 prices | 10.92 billion international-$ in 2021 prices | 15.90 billion international-$ in 2021 prices | 10 |
| 2020s | 15.07 billion international-$ in 2021 prices | 12.86 billion international-$ in 2021 prices | 16.68 billion international-$ in 2021 prices | 4 |
Countries ranked near Montenegro
- 147 Malta 24.94 billion international-$ in 2021 prices compare
- 148 Iceland 24.49 billion international-$ in 2021 prices compare
- 149 Sierra Leone 24.07 billion international-$ in 2021 prices compare
- 151 Bahamas 13.74 billion international-$ in 2021 prices compare
- 152 Burundi 13.56 billion international-$ in 2021 prices compare
- 153 Fiji 12.86 billion international-$ in 2021 prices 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 75.12 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0081 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 120.56 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 676.19 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 12.81 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0732 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,085 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 26.12 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp) in Montenegro?
- Gross domestic product (gdp) in Montenegro was 16.68 billion international-$ in 2021 prices in 2023, according to Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Montenegro?
- The highest recorded value was 16.68 billion international-$ in 2021 prices in 2023.
- What is the lowest gross domestic product (gdp) recorded in Montenegro?
- The lowest recorded value was 3.50 billion international-$ in 2021 prices in 1993.
- How does Montenegro rank for gross domestic product (gdp)?
- Montenegro ranks 150th out of 184 countries with data for 2023.
- Is gross domestic product (gdp) rising or falling in Montenegro?
- Over the last ten years it is up 45.1%. The long-run trend across the full record is rising.
- Where does this Montenegro data come from?
- The figures come from Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data, published as part of Gross domestic product (GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 34 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Total economic output of a country or region per year. This data is adjusted for inflation and differences in living costs between countries.