Gross Domestic Product — Value Standard Local Currency, 2015 prices in Montenegro
Montenegro: Gross Domestic Product — Value Standard Local Currency, 2015 prices was 4,809 million SLC in 2024. ▲ Rising
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Montenegro, 1990–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
The most recent figure for gross domestic product — value standard local currency, 2015 prices in Montenegro is 4,809 million SLC, measured in 2024. That is the highest value across all 35 years on record.
The figure is up 3.0% on the previous year and up 36.0% over ten years.
Over the whole period, gross domestic product — value standard local currency, 2015 prices in Montenegro peaked at 4,809 million SLC in 2024 and was at its lowest, 1,395 million SLC, in 1993.
Montenegro ranks 172nd of 194 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 35 years of available data.
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Montenegro, year by year
| Year | million SLC | Change |
|---|---|---|
| 1990 | 3,220 million SLC | — |
| 1991 | 2,872 million SLC | -10.8% |
| 1992 | 2,197 million SLC | -23.5% |
| 1993 | 1,395 million SLC | -36.5% |
| 1994 | 1,415 million SLC | +1.5% |
| 1995 | 1,618 million SLC | +14.3% |
| 1996 | 2,064 million SLC | +27.6% |
| 1997 | 2,200 million SLC | +6.6% |
| 1998 | 2,301 million SLC | +4.6% |
| 1999 | 2,110 million SLC | -8.3% |
| 2000 | 2,416 million SLC | +14.5% |
| 2001 | 2,443 million SLC | +1.1% |
| 2002 | 2,489 million SLC | +1.9% |
| 2003 | 2,551 million SLC | +2.5% |
| 2004 | 2,664 million SLC | +4.4% |
| 2005 | 2,775 million SLC | +4.2% |
| 2006 | 3,013 million SLC | +8.6% |
| 2007 | 3,218 million SLC | +6.8% |
| 2008 | 3,451 million SLC | +7.2% |
| 2009 | 3,251 million SLC | -5.8% |
| 2010 | 3,340 million SLC | +2.7% |
| 2011 | 3,448 million SLC | +3.2% |
| 2012 | 3,354 million SLC | -2.7% |
| 2013 | 3,473 million SLC | +3.5% |
| 2014 | 3,535 million SLC | +1.8% |
| 2015 | 3,655 million SLC | +3.4% |
| 2016 | 3,762 million SLC | +2.9% |
| 2017 | 3,940 million SLC | +4.7% |
| 2018 | 4,140 million SLC | +5.1% |
| 2019 | 4,308 million SLC | +4.1% |
| 2020 | 3,649 million SLC | -15.3% |
| 2021 | 4,124 million SLC | +13.0% |
| 2022 | 4,389 million SLC | +6.4% |
| 2023 | 4,667 million SLC | +6.3% |
| 2024 | 4,809 million SLC | +3.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2,139 million SLC | 1,395 million SLC | 3,220 million SLC | 10 |
| 2000s | 2,827 million SLC | 2,416 million SLC | 3,451 million SLC | 10 |
| 2010s | 3,695 million SLC | 3,340 million SLC | 4,308 million SLC | 10 |
| 2020s | 4,327 million SLC | 3,649 million SLC | 4,809 million SLC | 5 |
Countries ranked near Montenegro
- 169 Saint Lucia 5,753 million SLC compare
- 170 Belize 5,504 million SLC compare
- 171 Cayman Islands 5,112 million SLC compare
- 173 Curaçao 4,780 million SLC compare
- 174 Antigua and Barbuda 4,756 million SLC compare
- 175 Liberia 3,655 million SLC 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)
- Gross capital formation (current US$), annual growth rate 16.13 % change on previous year (2025)
- Gross capital formation (current US$), per unit of GDP 0.2693 current US$ per US$ of GDP (2025)
- Gross capital formation (current US$), per capita 3,991 current US$ per person (2025)
- Gross capital formation (current LCU), annual growth rate 11.24 % change on previous year (2025)
- Gross capital formation (current LCU), per unit of GDP 0.2384 current LCU per US$ of GDP (2025)
- Gross capital formation (current LCU), per capita 3,532 current LCU per person (2025)
- Gross capital formation (constant 2015 US$), annual growth rate 8.03 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.1827 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross domestic product — value standard local currency, 2015 prices in Montenegro?
- Gross domestic product — value standard local currency, 2015 prices in Montenegro was 4,809 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value standard local currency, 2015 prices recorded in Montenegro?
- The highest recorded value was 4,809 million SLC in 2024.
- What is the lowest gross domestic product — value standard local currency, 2015 prices recorded in Montenegro?
- The lowest recorded value was 1,395 million SLC in 1993.
- How does Montenegro rank for gross domestic product — value standard local currency, 2015 prices?
- Montenegro ranks 172nd out of 194 countries with data for 2024.
- Is gross domestic product — value standard local currency, 2015 prices rising or falling in Montenegro?
- Over the last ten years it is up 36.0%. The long-run trend across the full record is rising.
- Where does this Montenegro data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).