Gross Domestic Product — Value US$ in Montenegro
Montenegro: Gross Domestic Product — Value US$ was 8,074 million USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$ in Montenegro, 1990–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
The most recent figure for gross domestic product — value us$ in Montenegro is 8,074 million USD, measured in 2024. That is the highest value across all 35 years on record.
Compared with earlier readings it is up 7.2% on the previous year and up 75.8% over ten years.
Over the whole period, gross domestic product — value us$ in Montenegro peaked at 8,074 million USD in 2024 and was at its lowest, 819.89 million USD, in 1993.
That places Montenegro 153rd out of 203 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$ in Montenegro, year by year
| Year | million USD | Change |
|---|---|---|
| 1990 | 2,147 million USD | — |
| 1991 | 1,754 million USD | -18.3% |
| 1992 | 1,481 million USD | -15.6% |
| 1993 | 819.89 million USD | -44.6% |
| 1994 | 845.88 million USD | +3.2% |
| 1995 | 1,215 million USD | +43.6% |
| 1996 | 873.9 million USD | -28.1% |
| 1997 | 846.33 million USD | -3.2% |
| 1998 | 858.9 million USD | +1.5% |
| 1999 | 836.9 million USD | -2.6% |
| 2000 | 993.73 million USD | +18.7% |
| 2001 | 1,171 million USD | +17.8% |
| 2002 | 1,299 million USD | +10.9% |
| 2003 | 1,725 million USD | +32.8% |
| 2004 | 2,097 million USD | +21.6% |
| 2005 | 2,280 million USD | +8.7% |
| 2006 | 2,724 million USD | +19.5% |
| 2007 | 3,685 million USD | +35.3% |
| 2008 | 4,564 million USD | +23.8% |
| 2009 | 4,176 million USD | -8.5% |
| 2010 | 4,143 million USD | -0.8% |
| 2011 | 4,544 million USD | +9.7% |
| 2012 | 4,088 million USD | -10.1% |
| 2013 | 4,466 million USD | +9.3% |
| 2014 | 4,594 million USD | +2.9% |
| 2015 | 4,055 million USD | -11.7% |
| 2016 | 4,377 million USD | +7.9% |
| 2017 | 4,857 million USD | +11.0% |
| 2018 | 5,507 million USD | +13.4% |
| 2019 | 5,542 million USD | +0.6% |
| 2020 | 4,781 million USD | -13.7% |
| 2021 | 5,861 million USD | +22.6% |
| 2022 | 6,238 million USD | +6.4% |
| 2023 | 7,530 million USD | +20.7% |
| 2024 | 8,074 million USD | +7.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1,168 million USD | 819.89 million USD | 2,147 million USD | 10 |
| 2000s | 2,471 million USD | 993.73 million USD | 4,564 million USD | 10 |
| 2010s | 4,617 million USD | 4,055 million USD | 5,542 million USD | 10 |
| 2020s | 6,497 million USD | 4,781 million USD | 8,074 million USD | 5 |
Countries ranked near Montenegro
- 150 Yemen 8,658 million USD compare
- 151 Bermuda 8,522 million USD compare
- 152 Liechtenstein 8,423 million USD compare
- 154 Cayman Islands 7,552 million USD compare
- 155 Sierra Leone 7,351 million USD compare
- 156 Barbados 7,165 million USD 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)
- GNI, Atlas method (current US$), annual growth rate 15.75 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 0.9548 current US$ per US$ of GDP (2025)
- GNI, Atlas method (current US$), per capita 14,148 current US$ per person (2025)
- GNI (current US$), annual growth rate 12.76 % change on previous year (2025)
- GNI (current US$), per unit of GDP 1.01 current US$ per US$ of GDP (2025)
- GNI (current US$), per capita 14,931 current US$ per person (2025)
- GNI (current LCU), annual growth rate 8.01 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 0.8918 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is gross domestic product — value us$ in Montenegro?
- Gross domestic product — value us$ in Montenegro was 8,074 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$ recorded in Montenegro?
- The highest recorded value was 8,074 million USD in 2024.
- What is the lowest gross domestic product — value us$ recorded in Montenegro?
- The lowest recorded value was 819.89 million USD in 1993.
- How does Montenegro rank for gross domestic product — value us$?
- Montenegro ranks 153rd out of 203 countries with data for 2024.
- Is gross domestic product — value us$ rising or falling in Montenegro?
- Over the last ten years it is up 75.8%. 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 US$. Statizoid updates them automatically from the source API.
Download this data
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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).