Terms of trade adjustment (constant LCU), annual growth rate in Montenegro
Montenegro: Terms of trade adjustment (constant LCU), annual growth rate was -7.94 % change on previous year in 2025. ◆ Volatile
Terms of trade adjustment (constant LCU), annual growth rate in Montenegro, 2007–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for terms of trade adjustment (constant lcu), annual growth rate in Montenegro is -7.94 % change on previous year, measured in 2025.
Compared with earlier readings it is down 78.1% on the previous year and down 104.6% over ten years.
Over the whole period, terms of trade adjustment (constant lcu), annual growth rate in Montenegro peaked at 256.33 % change on previous year in 2014 and was at its lowest, -75.73 % change on previous year, in 2008.
That places Montenegro 114th out of 178 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Terms of trade adjustment (constant LCU), annual growth rate in Montenegro, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2007 | 57.49 % change on previous year | — |
| 2008 | -75.73 % change on previous year | -231.7% |
| 2009 | 57.1 % change on previous year | -175.4% |
| 2010 | 100 % change on previous year | +75.1% |
| 2012 | -60.22 % change on previous year | -160.2% |
| 2013 | 73.17 % change on previous year | -221.5% |
| 2014 | 256.33 % change on previous year | +250.3% |
| 2015 | 173.75 % change on previous year | -32.2% |
| 2016 | 175.9 % change on previous year | +1.2% |
| 2017 | 54.43 % change on previous year | -69.1% |
| 2018 | 29.61 % change on previous year | -45.6% |
| 2019 | 17.59 % change on previous year | -40.6% |
| 2020 | -64.63 % change on previous year | -467.4% |
| 2021 | 141.35 % change on previous year | -318.7% |
| 2022 | 46.02 % change on previous year | -67.4% |
| 2023 | 32 % change on previous year | -30.5% |
| 2024 | -4.46 % change on previous year | -113.9% |
| 2025 | -7.94 % change on previous year | +78.1% |
Montenegro compared with similar countries
- Montenegro's -7.94 % change on previous year is below the median for upper middle income countries, which is 4.12 % change on previous year. (48 countries reporting)
- Montenegro's -7.94 % change on previous year is below the median for Europe & Central Asia, which is 19.41 % change on previous year. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 12.95 % change on previous year | -75.73 % change on previous year | 57.49 % change on previous year | 3 |
| 2010s | 91.17 % change on previous year | -60.22 % change on previous year | 256.33 % change on previous year | 9 |
| 2020s | 23.73 % change on previous year | -64.63 % change on previous year | 141.35 % change on previous year | 6 |
Countries ranked near Montenegro
- 111 Pakistan -6.84 % change on previous year compare
- 112 Ukraine -7.26 % change on previous year compare
- 113 Slovakia -7.76 % change on previous year compare
- 115 Sao Tome and Principe -8.08 % change on previous year compare
- 116 North Macedonia -8.37 % change on previous year compare
- 117 Kyrgyzstan -8.68 % change on previous year 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)
- 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 terms of trade adjustment (constant lcu), annual growth rate in Montenegro?
- Terms of trade adjustment (constant lcu), annual growth rate in Montenegro was -7.94 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest terms of trade adjustment (constant lcu), annual growth rate recorded in Montenegro?
- The highest recorded value was 256.33 % change on previous year in 2014.
- What is the lowest terms of trade adjustment (constant lcu), annual growth rate recorded in Montenegro?
- The lowest recorded value was -75.73 % change on previous year in 2008.
- How does Montenegro rank for terms of trade adjustment (constant lcu), annual growth rate?
- Montenegro ranks 114th out of 178 countries with data for 2025.
- Is terms of trade adjustment (constant lcu), annual growth rate rising or falling in Montenegro?
- Over the last ten years it is down 104.6%. 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 Terms of trade adjustment (constant LCU), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Terms of trade adjustment (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Terms of trade adjustment Country official statistics, National Statistical Organizations and/or Central Banks
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 Terms of trade adjustment (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.