Gross domestic product (GDP) in Montenegro
Montenegro: Gross domestic product (GDP) was 16.68 billion international-$ in 2021 prices in 2023. ▲ Rising
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.
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
- External balance on goods and services as a percent of GDP -25.6% (2025)
- Inflation of consumer prices 3.9% (2025)
- GDP per capita 8,780 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 3.3% (2024)
- Gross domestic product (GDP) 5.47 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 8,780 constant 2015 US$ (2025)
- DEC alternative conversion factor 0.885 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 407.70 million current LCU (2025)
- Net secondary income (Net current transfers from abroad) 460.69 million current US$ (2025)
- Taxes less subsidies on products 1.80 billion current LCU (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.
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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.