Gross domestic product (GDP) and Gross value added (GVA) in volume by in Montenegro
Montenegro: Gross domestic product (GDP) and Gross value added (GVA) in volume by was 131.9 Index, 2020=100 in 2024. ▲ Rising
Latest (2024)
131.9 Index, 2020=100
Change on year
up 1.9%
World rank
2nd
of 43 countries
All-time high
131.9 Index, 2020=100
in 2024
All-time low
79.8 Index, 2020=100
in 2006
Years of data
19
2006–2024
Gross domestic product (GDP) and Gross value added (GVA) in volume by in Montenegro, 2006–2024
Source: Eurostat. Measured in Index, 2020=100.
Analysis
In 2024, gross domestic product (gdp) and gross value added (gva) in volume by in Montenegro stood at 131.9 Index, 2020=100. That is the highest value across all 19 years on record.
That represents a change of up 1.9% on the previous year and up 36.4% over ten years.
Over the whole period, gross domestic product (gdp) and gross value added (gva) in volume by in Montenegro peaked at 131.9 Index, 2020=100 in 2024 and was at its lowest, 79.8 Index, 2020=100, in 2006.
That places Montenegro 2nd out of 43 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 19 years of available data.
Gross domestic product (GDP) and Gross value added (GVA) in volume by in Montenegro, year by year
| Year | Index, 2020=100 | Change |
|---|---|---|
| 2006 | 79.8 Index, 2020=100 | — |
| 2007 | 84.8 Index, 2020=100 | +6.3% |
| 2008 | 90.4 Index, 2020=100 | +6.6% |
| 2009 | 86.7 Index, 2020=100 | -4.1% |
| 2010 | 89.1 Index, 2020=100 | +2.8% |
| 2011 | 92.6 Index, 2020=100 | +3.9% |
| 2012 | 90.8 Index, 2020=100 | -1.9% |
| 2013 | 94.3 Index, 2020=100 | +3.9% |
| 2014 | 96.7 Index, 2020=100 | +2.5% |
| 2015 | 99.4 Index, 2020=100 | +2.8% |
| 2016 | 102.3 Index, 2020=100 | +2.9% |
| 2017 | 105.2 Index, 2020=100 | +2.8% |
| 2018 | 111.1 Index, 2020=100 | +5.6% |
| 2019 | 116.2 Index, 2020=100 | +4.6% |
| 2020 | 100 Index, 2020=100 | -13.9% |
| 2021 | 113.3 Index, 2020=100 | +13.3% |
| 2022 | 122.2 Index, 2020=100 | +7.9% |
| 2023 | 129.4 Index, 2020=100 | +5.9% |
| 2024 | 131.9 Index, 2020=100 | +1.9% |
Montenegro compared with similar countries
- Montenegro's 131.9 Index, 2020=100 is above the median for Europe & Central Asia, which is 113.3 Index, 2020=100, 1.2× the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 85.42 Index, 2020=100 | 79.8 Index, 2020=100 | 90.4 Index, 2020=100 | 4 |
| 2010s | 99.77 Index, 2020=100 | 89.1 Index, 2020=100 | 116.2 Index, 2020=100 | 10 |
| 2020s | 119.36 Index, 2020=100 | 100 Index, 2020=100 | 131.9 Index, 2020=100 | 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)
- 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) and gross value added (gva) in volume by in Montenegro?
- Gross domestic product (gdp) and gross value added (gva) in volume by in Montenegro was 131.9 Index, 2020=100 in 2024, according to Eurostat.
- What is the highest gross domestic product (gdp) and gross value added (gva) in volume by recorded in Montenegro?
- The highest recorded value was 131.9 Index, 2020=100 in 2024.
- What is the lowest gross domestic product (gdp) and gross value added (gva) in volume by recorded in Montenegro?
- The lowest recorded value was 79.8 Index, 2020=100 in 2006.
- How does Montenegro rank for gross domestic product (gdp) and gross value added (gva) in volume by?
- Montenegro ranks 2nd out of 43 countries with data for 2024.
- Is gross domestic product (gdp) and gross value added (gva) in volume by rising or falling in Montenegro?
- Over the last ten years it is up 36.4%. The long-run trend across the full record is rising.
- Where does this Montenegro data come from?
- The figures come from Eurostat, published as part of Gross domestic product (GDP) and Gross value added (GVA) in volume by NUTS 2 region. Statizoid updates them automatically from the source API.
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