Gross domestic product (GDP) at current market prices by NUTS 3 region in Montenegro
Montenegro: Gross domestic product (GDP) at current market prices by NUTS 3 region was 7,645 Million euro in 2024. ▲ Rising
Latest (2024)
7,645 Million euro
Change on year
up 8.1%
World rank
44th
of 45 countries
All-time high
7,645 Million euro
in 2024
All-time low
2,166 Million euro
in 2006
Years of data
19
2006–2024
Gross domestic product (GDP) at current market prices by NUTS 3 region in Montenegro, 2006–2024
Source: Eurostat. Measured in Million euro.
Analysis
In 2024, gross domestic product (gdp) at current market prices by nuts 3 region in Montenegro stood at 7,645 Million euro. That is the highest value across all 19 years on record.
The figure is up 8.1% on the previous year and up 121.8% over ten years.
Over the whole period, gross domestic product (gdp) at current market prices by nuts 3 region in Montenegro peaked at 7,645 Million euro in 2024 and was at its lowest, 2,166 Million euro, in 2006.
That places Montenegro 44th out of 45 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 19 years of available data.
Gross domestic product (GDP) at current market prices by NUTS 3 region in Montenegro, year by year
| Year | Million euro | Change |
|---|---|---|
| 2006 | 2,166 Million euro | — |
| 2007 | 2,687 Million euro | +24.0% |
| 2008 | 3,100 Million euro | +15.4% |
| 2009 | 2,982 Million euro | -3.8% |
| 2010 | 3,121 Million euro | +4.7% |
| 2011 | 3,238 Million euro | +3.8% |
| 2012 | 3,169 Million euro | -2.1% |
| 2013 | 3,330 Million euro | +5.1% |
| 2014 | 3,447 Million euro | +3.5% |
| 2015 | 3,615 Million euro | +4.9% |
| 2016 | 3,937 Million euro | +8.9% |
| 2017 | 4,252 Million euro | +8.0% |
| 2018 | 4,601 Million euro | +8.2% |
| 2019 | 4,898 Million euro | +6.5% |
| 2020 | 4,145 Million euro | -15.4% |
| 2021 | 4,923 Million euro | +18.8% |
| 2022 | 5,944 Million euro | +20.7% |
| 2023 | 7,069 Million euro | +18.9% |
| 2024 | 7,645 Million euro | +8.1% |
Montenegro compared with similar countries
- Montenegro's 7,645 Million euro is below the median for Europe & Central Asia, which is 282,710 Million euro, 3% of the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2,734 Million euro | 2,166 Million euro | 3,100 Million euro | 4 |
| 2010s | 3,761 Million euro | 3,121 Million euro | 4,898 Million euro | 10 |
| 2020s | 5,945 Million euro | 4,145 Million euro | 7,645 Million euro | 5 |
Countries ranked near Montenegro
- 41 North Macedonia 15,672 Million euro compare
- 42 Guadeloupe 11,878 Million euro compare
- 43 Martinique 10,480 Million euro compare
- 45 Mayotte 3,786 Million euro 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) at current market prices by nuts 3 region in Montenegro?
- Gross domestic product (gdp) at current market prices by nuts 3 region in Montenegro was 7,645 Million euro in 2024, according to Eurostat.
- What is the highest gross domestic product (gdp) at current market prices by nuts 3 region recorded in Montenegro?
- The highest recorded value was 7,645 Million euro in 2024.
- What is the lowest gross domestic product (gdp) at current market prices by nuts 3 region recorded in Montenegro?
- The lowest recorded value was 2,166 Million euro in 2006.
- How does Montenegro rank for gross domestic product (gdp) at current market prices by nuts 3 region?
- Montenegro ranks 44th out of 45 countries with data for 2024.
- Is gross domestic product (gdp) at current market prices by nuts 3 region rising or falling in Montenegro?
- Over the last ten years it is up 121.8%. 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) at current market prices by NUTS 3 region. Statizoid updates them automatically from the source API.
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