Gross Domestic Product — Value Standard Local Currency in Montenegro
Montenegro: Gross Domestic Product — Value Standard Local Currency was 7,459 million SLC in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency 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 in Montenegro is 7,459 million SLC, measured in 2024. That is the highest value across all 35 years on record.
That represents a change of up 7.1% on the previous year and up 115.7% over ten years.
Over the whole period, gross domestic product — value standard local currency in Montenegro peaked at 7,459 million SLC in 2024 and was at its lowest, 672.36 million SLC, in 1996.
Montenegro ranks 187th of 218 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value Standard Local Currency in Montenegro, year by year
| Year | million SLC | Change |
|---|---|---|
| 1990 | 1,774 million SLC | — |
| 1991 | 1,488 million SLC | -16.1% |
| 1992 | 1,183 million SLC | -20.5% |
| 1993 | 693.08 million SLC | -41.4% |
| 1994 | 701.84 million SLC | +1.3% |
| 1995 | 890.22 million SLC | +26.8% |
| 1996 | 672.36 million SLC | -24.5% |
| 1997 | 750.36 million SLC | +11.6% |
| 1998 | 772.76 million SLC | +3.0% |
| 1999 | 785.25 million SLC | +1.6% |
| 2000 | 1,076 million SLC | +37.0% |
| 2001 | 1,308 million SLC | +21.5% |
| 2002 | 1,373 million SLC | +5.0% |
| 2003 | 1,525 million SLC | +11.0% |
| 2004 | 1,686 million SLC | +10.6% |
| 2005 | 1,832 million SLC | +8.7% |
| 2006 | 2,170 million SLC | +18.4% |
| 2007 | 2,689 million SLC | +23.9% |
| 2008 | 3,103 million SLC | +15.4% |
| 2009 | 2,994 million SLC | -3.5% |
| 2010 | 3,125 million SLC | +4.4% |
| 2011 | 3,265 million SLC | +4.5% |
| 2012 | 3,181 million SLC | -2.6% |
| 2013 | 3,362 million SLC | +5.7% |
| 2014 | 3,458 million SLC | +2.8% |
| 2015 | 3,655 million SLC | +5.7% |
| 2016 | 3,954 million SLC | +8.2% |
| 2017 | 4,299 million SLC | +8.7% |
| 2018 | 4,663 million SLC | +8.5% |
| 2019 | 4,951 million SLC | +6.2% |
| 2020 | 4,186 million SLC | -15.5% |
| 2021 | 4,955 million SLC | +18.4% |
| 2022 | 5,924 million SLC | +19.6% |
| 2023 | 6,964 million SLC | +17.5% |
| 2024 | 7,459 million SLC | +7.1% |
Montenegro compared with similar countries
- Montenegro's 7,459 million SLC is below the median for upper middle income countries, which is 913,929 million SLC, 1% of the median. (54 countries reporting)
- Montenegro's 7,459 million SLC is below the median for Europe & Central Asia, which is 507,692 million SLC, 1% of the median. (52 countries reporting)
Biggest year-on-year movements
Years where Gross Domestic Product — Value Standard Local Currency 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 |
|---|---|---|---|
| 1993 | -41.4% | 1,183 million SLC | 693.08 million SLC |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 971.06 million SLC | 672.36 million SLC | 1,774 million SLC | 10 |
| 2000s | 1,976 million SLC | 1,076 million SLC | 3,103 million SLC | 10 |
| 2010s | 3,791 million SLC | 3,125 million SLC | 4,951 million SLC | 10 |
| 2020s | 5,898 million SLC | 4,186 million SLC | 7,459 million SLC | 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 — value standard local currency in Montenegro?
- Gross domestic product — value standard local currency in Montenegro was 7,459 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 recorded in Montenegro?
- The highest recorded value was 7,459 million SLC in 2024.
- What is the lowest gross domestic product — value standard local currency recorded in Montenegro?
- The lowest recorded value was 672.36 million SLC in 1996.
- How does Montenegro rank for gross domestic product — value standard local currency?
- Montenegro ranks 187th out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency rising or falling in Montenegro?
- Over the last ten years it is up 115.7%. The long-run trend across the full record is volatile.
- 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. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 35 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
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).