Gross domestic product (GDP), annual growth rate in Montenegro
Montenegro: Gross domestic product (GDP), annual growth rate was 4.85 % change on previous year in 2023. ◆ Volatile
Gross domestic product (GDP), annual growth rate in Montenegro, 1991–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Montenegro recorded 4.85 % change on previous year for gross domestic product (gdp), annual growth rate in 2023.
Compared with earlier readings it is down 34.7% on the previous year and up 234.0% over ten years.
Over the whole period, gross domestic product (gdp), annual growth rate in Montenegro peaked at 27.54 % change on previous year in 1996 and was at its lowest, -36.52 % change on previous year, in 1993.
Montenegro ranks 53rd of 184 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.
Gross domestic product (GDP), annual growth rate in Montenegro, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1991 | -10.71 % change on previous year | — |
| 1992 | -23.58 % change on previous year | +120.0% |
| 1993 | -36.52 % change on previous year | +54.9% |
| 1994 | 1.43 % change on previous year | -103.9% |
| 1995 | 14.53 % change on previous year | +913.4% |
| 1996 | 27.54 % change on previous year | +89.6% |
| 1997 | 6.15 % change on previous year | -77.7% |
| 1998 | 5.63 % change on previous year | -8.4% |
| 1999 | -8.8 % change on previous year | -256.3% |
| 2000 | 12.56 % change on previous year | -242.8% |
| 2001 | 5.78 % change on previous year | -53.9% |
| 2002 | -3.15 % change on previous year | -154.5% |
| 2003 | 0.7747 % change on previous year | -124.6% |
| 2004 | 5.46 % change on previous year | +604.5% |
| 2005 | 6.97 % change on previous year | +27.7% |
| 2006 | 27.52 % change on previous year | +295.0% |
| 2007 | 23.73 % change on previous year | -13.8% |
| 2008 | 8.26 % change on previous year | -65.2% |
| 2009 | -8.34 % change on previous year | -201.0% |
| 2010 | 0.3473 % change on previous year | -104.2% |
| 2011 | 11.6 % change on previous year | +3240.3% |
| 2012 | -2.11 % change on previous year | -118.2% |
| 2013 | -3.62 % change on previous year | +71.6% |
| 2014 | -0.0235 % change on previous year | -99.4% |
| 2015 | 8.01 % change on previous year | -34204.3% |
| 2016 | 3.12 % change on previous year | -61.0% |
| 2017 | 5.74 % change on previous year | +83.7% |
| 2018 | 2.86 % change on previous year | -50.1% |
| 2019 | 14.11 % change on previous year | +392.5% |
| 2020 | -19.07 % change on previous year | -235.2% |
| 2021 | 15.16 % change on previous year | -179.5% |
| 2022 | 7.42 % change on previous year | -51.0% |
| 2023 | 4.85 % change on previous year | -34.7% |
Biggest year-on-year movements
Years where Gross domestic product (GDP), annual growth rate in Montenegro changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2015 | +34204.3% | -0.0235 % change on previous year | 8.01 % change on previous year |
| 2011 | +3240.3% | 0.3473 % change on previous year | 11.6 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -2.7 % change on previous year | -36.52 % change on previous year | 27.54 % change on previous year | 9 |
| 2000s | 7.96 % change on previous year | -8.34 % change on previous year | 27.52 % change on previous year | 10 |
| 2010s | 4 % change on previous year | -3.62 % change on previous year | 14.11 % change on previous year | 10 |
| 2020s | 2.09 % change on previous year | -19.07 % change on previous year | 15.16 % change on previous year | 4 |
Countries ranked near Montenegro
- 50 Zimbabwe 5.17 % change on previous year compare
- 51 China 5.13 % change on previous year compare
- 52 Mozambique 4.93 % change on previous year compare
- 54 Cape Verde 4.83 % change on previous year compare
- 55 Malaysia 4.56 % change on previous year compare
- 56 Sierra Leone 4.33 % change on previous year 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), annual growth rate in Montenegro?
- Gross domestic product (gdp), annual growth rate in Montenegro was 4.85 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), annual growth rate recorded in Montenegro?
- The highest recorded value was 27.54 % change on previous year in 1996.
- What is the lowest gross domestic product (gdp), annual growth rate recorded in Montenegro?
- The lowest recorded value was -36.52 % change on previous year in 1993.
- How does Montenegro rank for gross domestic product (gdp), annual growth rate?
- Montenegro ranks 53rd out of 184 countries with data for 2023.
- Is gross domestic product (gdp), annual growth rate rising or falling in Montenegro?
- Over the last ten years it is up 234.0%. The long-run trend across the full record is volatile.
- Where does this Montenegro data come from?
- The figures come from Statizoid (derived), published as part of Gross domestic product (GDP), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 33 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross domestic product (GDP) Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.