Gross Domestic Product: Value Standard … Gross annual growth rate in Montenegro
Montenegro: Gross Domestic Product: Value Standard … Gross annual growth rate was 7.12 % change on previous year in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency, annual growth in Montenegro, 1991–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, gross domestic product — value standard local currency, annual growth in Montenegro stood at 7.12 % change on previous year.
That represents a change of down 59.4% on the previous year and up 150.7% over ten years.
Over the whole period, gross domestic product — value standard local currency, annual growth in Montenegro peaked at 37.02 % change on previous year in 2000 and was at its lowest, -41.4 % change on previous year, in 1993.
That places Montenegro 103rd out of 218 countries with data for 2024, putting it 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: Value Standard … Gross annual growth rate in Montenegro, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1991 | -16.09 % change on previous year | — |
| 1992 | -20.54 % change on previous year | +27.6% |
| 1993 | -41.4 % change on previous year | +101.5% |
| 1994 | 1.26 % change on previous year | -103.1% |
| 1995 | 26.84 % change on previous year | +2022.5% |
| 1996 | -24.47 % change on previous year | -191.2% |
| 1997 | 11.6 % change on previous year | -147.4% |
| 1998 | 2.98 % change on previous year | -74.3% |
| 1999 | 1.62 % change on previous year | -45.8% |
| 2000 | 37.02 % change on previous year | +2190.0% |
| 2001 | 21.53 % change on previous year | -41.8% |
| 2002 | 5.04 % change on previous year | -76.6% |
| 2003 | 11.01 % change on previous year | +118.6% |
| 2004 | 10.57 % change on previous year | -4.0% |
| 2005 | 8.7 % change on previous year | -17.7% |
| 2006 | 18.4 % change on previous year | +111.6% |
| 2007 | 23.94 % change on previous year | +30.1% |
| 2008 | 15.4 % change on previous year | -35.7% |
| 2009 | -3.53 % change on previous year | -122.9% |
| 2010 | 4.38 % change on previous year | -224.3% |
| 2011 | 4.47 % change on previous year | +2.0% |
| 2012 | -2.55 % change on previous year | -157.1% |
| 2013 | 5.69 % change on previous year | -323.0% |
| 2014 | 2.84 % change on previous year | -50.1% |
| 2015 | 5.69 % change on previous year | +100.3% |
| 2016 | 8.2 % change on previous year | +44.2% |
| 2017 | 8.72 % change on previous year | +6.4% |
| 2018 | 8.47 % change on previous year | -2.9% |
| 2019 | 6.17 % change on previous year | -27.2% |
| 2020 | -15.46 % change on previous year | -350.6% |
| 2021 | 18.39 % change on previous year | -219.0% |
| 2022 | 19.55 % change on previous year | +6.3% |
| 2023 | 17.55 % change on previous year | -10.3% |
| 2024 | 7.12 % change on previous year | -59.4% |
Montenegro compared with similar countries
- Montenegro's 7.12 % change on previous year is above the median for upper middle income countries, which is 6.93 % change on previous year, 1.0× the median. (54 countries reporting)
- Montenegro's 7.12 % change on previous year is above the median for Europe & Central Asia, which is 6.24 % change on previous year, 1.1× the median. (52 countries reporting)
Biggest year-on-year movements
Years where Gross Domestic Product: Value Standard … Gross 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 |
|---|---|---|---|
| 2000 | +2190.0% | 1.62 % change on previous year | 37.02 % change on previous year |
| 1995 | +2022.5% | 1.26 % change on previous year | 26.84 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -6.47 % change on previous year | -41.4 % change on previous year | 26.84 % change on previous year | 9 |
| 2000s | 14.81 % change on previous year | -3.53 % change on previous year | 37.02 % change on previous year | 10 |
| 2010s | 5.21 % change on previous year | -2.55 % change on previous year | 8.72 % change on previous year | 10 |
| 2020s | 9.43 % change on previous year | -15.46 % change on previous year | 19.55 % change on previous year | 5 |
Countries ranked near Montenegro
- 100 Kiribati 7.39 % change on previous year compare
- 101 Brazil 7.32 % change on previous year compare
- 102 Armenia 7.13 % change on previous year compare
- 104 Cyprus 7.11 % change on previous year compare
- 105 Namibia 7.08 % change on previous year compare
- 106 Solomon Islands 7.02 % change on previous year compare
More economy & growth data for Montenegro
- Real gdp growth, annual growth rate -14.66 % change on previous year (2025)
- 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)
- SDRs holdings, US dollar, annual growth rate 4.46 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0103 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 151.96 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.5233 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0075 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 110.96 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -21.12 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product — value standard local currency, annual growth in Montenegro?
- Gross domestic product — value standard local currency, annual growth in Montenegro was 7.12 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value standard local currency, annual growth recorded in Montenegro?
- The highest recorded value was 37.02 % change on previous year in 2000.
- What is the lowest gross domestic product — value standard local currency, annual growth recorded in Montenegro?
- The lowest recorded value was -41.4 % change on previous year in 1993.
- How does Montenegro rank for gross domestic product — value standard local currency, annual growth?
- Montenegro ranks 103rd out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency, annual growth rising or falling in Montenegro?
- Over the last ten years it is up 150.7%. 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 — Value Standard Local Currency, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 34 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 — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value Standard Local Currency Food and Agriculture Organization of the United Nations
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 — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.