Gross Domestic Product — Value US$, 2015 prices in Montenegro
Montenegro: Gross Domestic Product — Value US$, 2015 prices was 5,335 million USD in 2024. ▲ Rising
Gross Domestic Product — Value US$, 2015 prices in Montenegro, 1990–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
Montenegro recorded 5,335 million USD for gross domestic product — value us$, 2015 prices 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 us$, 2015 prices in Montenegro peaked at 5,335 million USD in 2024 and was at its lowest, 1,547 million USD, in 1993.
That places Montenegro 159th out of 203 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 35 years of available data.
Gross Domestic Product — Value US$, 2015 prices in Montenegro, year by year
| Year | million USD | Change |
|---|---|---|
| 1990 | 3,573 million USD | — |
| 1991 | 3,187 million USD | -10.8% |
| 1992 | 2,438 million USD | -23.5% |
| 1993 | 1,547 million USD | -36.5% |
| 1994 | 1,570 million USD | +1.5% |
| 1995 | 1,795 million USD | +14.3% |
| 1996 | 2,290 million USD | +27.6% |
| 1997 | 2,441 million USD | +6.6% |
| 1998 | 2,553 million USD | +4.6% |
| 1999 | 2,341 million USD | -8.3% |
| 2000 | 2,681 million USD | +14.5% |
| 2001 | 2,710 million USD | +1.1% |
| 2002 | 2,762 million USD | +1.9% |
| 2003 | 2,831 million USD | +2.5% |
| 2004 | 2,956 million USD | +4.4% |
| 2005 | 3,079 million USD | +4.2% |
| 2006 | 3,343 million USD | +8.6% |
| 2007 | 3,571 million USD | +6.8% |
| 2008 | 3,829 million USD | +7.2% |
| 2009 | 3,607 million USD | -5.8% |
| 2010 | 3,706 million USD | +2.7% |
| 2011 | 3,825 million USD | +3.2% |
| 2012 | 3,721 million USD | -2.7% |
| 2013 | 3,853 million USD | +3.5% |
| 2014 | 3,922 million USD | +1.8% |
| 2015 | 4,055 million USD | +3.4% |
| 2016 | 4,174 million USD | +2.9% |
| 2017 | 4,371 million USD | +4.7% |
| 2018 | 4,593 million USD | +5.1% |
| 2019 | 4,780 million USD | +4.1% |
| 2020 | 4,048 million USD | -15.3% |
| 2021 | 4,576 million USD | +13.0% |
| 2022 | 4,869 million USD | +6.4% |
| 2023 | 5,178 million USD | +6.3% |
| 2024 | 5,335 million USD | +3.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2,374 million USD | 1,547 million USD | 3,573 million USD | 10 |
| 2000s | 3,137 million USD | 2,681 million USD | 3,829 million USD | 10 |
| 2010s | 4,100 million USD | 3,706 million USD | 4,780 million USD | 10 |
| 2020s | 4,801 million USD | 4,048 million USD | 5,335 million USD | 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)
- Gross value added at basic prices (GVA) (current US$), annual growth 9.56 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.78 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 11,557 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 4.94 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.6903 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 10,228 current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 0.9183 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.4799 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross domestic product — value us$, 2015 prices in Montenegro?
- Gross domestic product — value us$, 2015 prices in Montenegro was 5,335 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$, 2015 prices recorded in Montenegro?
- The highest recorded value was 5,335 million USD in 2024.
- What is the lowest gross domestic product — value us$, 2015 prices recorded in Montenegro?
- The lowest recorded value was 1,547 million USD in 1993.
- How does Montenegro rank for gross domestic product — value us$, 2015 prices?
- Montenegro ranks 159th out of 203 countries with data for 2024.
- Is gross domestic product — value us$, 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 US$, 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).