Montenegro | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Unemployment Rate 19.51 17.7 17.5 17.1 20.02 15.5 percent [+]
Inflation Rate 0.20 0.3 0.5 0.7 1.1 2.1 percent [+]
Balance of Trade -138195.00 -118297 -115300 -120197 -123138 -122507 EUR Thousand [+]
Government Debt to GDP 61.40 66.38 66.53 66.67 66.82 67.04 percent [+]
MARKETS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Currency 1.07 1.05 1.04 1.03 1.02 0.85 [+]
Stock Market 12247.14 12100 12000 11900 11800 9800 points [+]
GDP Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Annual Growth Rate 2.70 2.3 2.6 2.5 2.84 1.9 percent [+]
GDP 3.99 4.28 4.32 4.37 4.27 6.98 USD Billion [+]
GDP Constant Prices 869.30 875 676 869 1156 787 EUR Million [+]
GDP per capita 7276.10 7474 7504 7533 7562 7981 USD [+]
GDP per capita PPP 15010.48 15420 15480 15541 15601 16464 USD [+]
Gross Fixed Capital Formation 310032.00 165328 147137 359880 163083 185411 EUR Thousand [+]
LABOUR Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Unemployment Rate 19.51 17.7 17.5 17.1 20.02 15.5 percent [+]
Employed Persons 180409.00 178655 178874 179024 179051 179049 [+]
Wages 753.00 753 753 753 753 753 EUR/Month [+]
Minimum Wages 288.05 288 288 288 288 288 EUR/Month [+]
Population 0.62 0.62 0.62 0.62 0.62 0.62 Million [+]
Wages In Manufacturing 639.00 698 701 699 701 700 EUR/Month [+]
PRICES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Inflation Rate 0.20 0.3 0.5 0.7 1.1 2.1 percent [+]
Inflation Rate Mom 0.30 0.14 0.16 0.16 0.16 0.16 percent [+]
Consumer Price Index CPI 100.20 100 101 101 101 101 Index Points [+]
Producer Prices 161.70 162 162 162 162 162 Index Points [+]
Producer Prices Change -0.30 -0.34 -0.36 -0.35 -0.36 -0.35 percent [+]
Food Inflation -0.20 -0.2 -0.2 -0.2 -0.2 -0.2 percent [+]
Harmonised Consumer Prices 100.10 100 100 100 100 100 Index Points [+]
Export Prices 125.90 126 127 127 127 127 Index Points [+]
MONEY Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Loans to Private Sector 875582.00 839527 808165 783261 763446 690859 EUR Thousand [+]
TRADE Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Balance of Trade -138195.00 -118297 -115300 -120197 -123138 -122507 EUR Thousand [+]
Exports 29681.20 28611 28435 28409 28401 28400 EUR Thousand [+]
Imports 167876.00 149148 146854 151547 154117 153486 EUR Thousand [+]
Current Account 244057.90 -324067 -243419 -344176 -155110 -242731 EUR Thousand [+]
Current Account to GDP -12.90 -11.58 -11.46 -11.34 -11.23 -11.2 percent [+]
Capital Flows -196732.75 -30333 -196398 -30667 -196065 -32966 EUR Thousand [+]
Tourist Arrivals 626.00 256 298 298 1110 345 Hundreds [+]
Terrorism Index 0.15 0.34 0.26 0.18 0.1 0.42 [+]
Foreign Direct Investment 757435.19 640662 646434 652206 657979 659910 EUR Thousand [+]
GOVERNMENT Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Government Debt to GDP 61.40 66.38 66.53 66.67 66.82 67.04 percent [+]
Government Budget -7.00 -9.14 -9 -8.86 -8.72 -8.7 percent of GDP [+]
Government Budget Value -116437145.21 -185558922 -68749318 -145029461 -102404716 -137625112 EUR [+]
Government Spending 170588.00 170594 170594 170594 170594 170594 EUR Thousand [+]
Government Revenues 711717086.24 797001827 797781504 797710434 797716913 797716371 EUR [+]
Government Debt 2220.30 2399 2413 2461 2499 3083 EUR Million [+]
Fiscal Expenditure 828154231.45 913619184 915121700 914935249 914958386 914955832 EUR [+]
Military Expenditure 76.30 75.82 77.54 79.25 80.17 83.43 USD Million [+]
BUSINESS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Industrial Production -13.30 -5.6 3.2 6.2 -9.78 -1.1 percent [+]
Industrial Production Mom -3.30 2.64 0.97 0.74 0.81 0.82 percent [+]
Manufacturing Production -26.40 -3.23 3.34 -1.09 -3.46 2.06 percent [+]
Changes in Inventories 28154.00 52513 80823 33317 -99545 17164 EUR Thousand [+]
Mining Production 7.60 3.33 2.32 2.15 2.12 2.12 percent [+]
Competitiveness Index 4.05 4.16 4.16 4.16 4.16 4.12 Points [+]
Competitiveness Rank 82.00 69.48 69.48 69.48 69.48 63.17 [+]
Corruption Index 44.00 47.27 47.81 48.34 48.88 57.16 Points [+]
Corruption Rank 61.00 71.53 69.19 66.85 64.51 75.66 [+]
Ease of Doing Business 51.00 47.75 47.41 47.23 47.06 47.8 [+]
CONSUMER Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Retail Sales Yoy 2.40 3.4 1.8 1.8 2.71 2 percent [+]
Consumer Spending 746609.00 856323 688281 767337 745329 924738 EUR Thousand [+]
Retail Sales Mom -15.30 8.9 11.1 11.1 0.24 6 percent [+]
Gasoline Prices 1.23 1.26 1.26 1.25 1.25 1.25 USD/Liter [+]
Consumer Credit 1006829.00 1022376 1042968 1061191 1077303 1175329 EUR Thousand [+]
HOUSING Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Housing Index 1050.00 1058 1082 1087 1088 1078 EUR/SQ. METRE [+]
Construction Output 37.30 38.57 41.07 15.76 37.18 38.98 percent [+]
Building Permits 267.00 266 225 264 226 257 [+]
TAXES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Corporate Tax Rate 9.00 9 9 9 9 9 percent [+]
Personal Income Tax Rate 11.00 11 11 11 11 11 percent [+]
Sales Tax Rate 19.00 19 19 19 19 19 percent [+]
Social Security Rate 34.30 34.3 34.3 34.3 34.3 34.3 percent [+]
Social Security Rate For Companies 10.30 10.3 10.3 10.3 10.3 10.3 percent [+]
Social Security Rate For Employees 24.00 24 24 24 24 24 percent [+]





Economic Forecasts for Montenegro including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Montenegro economy. 12/4/2016