Montenegro | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 22.52 17.7 17.5 17.2 16.7 15.5 percent [+]
Inflation Rate 2.50 1 1.2 1.4 1.5 2.1 percent [+]
Balance of Trade -70238.00 -84684 -84672 -76153 -83526 -83557 EUR Thousand [+]
Government Debt to GDP 61.40 56.64 59.89 63.13 66.38 67.04 percent [+]
MARKETS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Currency 1.09 1.04 1.03 1.02 1.01 0.84 [+]
Stock Market 12247.14 12100 12000 11900 11600 9800 points [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Annual Growth Rate 2.40 2.6 2.5 2.3 2.3 1.9 percent [+]
GDP 3.99 4.32 4.37 4.22 5.05 6.98 USD Billion [+]
GDP Constant Prices 1208.91 885 885 885 885 885 EUR Million [+]
GDP per capita 7259.99 7202 7293 7384 7474 7981 USD [+]
GDP per capita PPP 14978.03 14857 15045 15232 15420 16464 USD [+]
Gross Fixed Capital Formation 248344.00 248907 300306 249458 299761 296725 EUR Thousand [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 22.52 17.7 17.5 17.2 16.7 15.5 percent [+]
Employed Persons 177473.00 177742 178040 178103 178104 178100 [+]
Wages 767.00 766 766 766 766 766 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 637.00 698 701 699 701 700 EUR/Month [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 2.50 1 1.2 1.4 1.5 2.1 percent [+]
Inflation Rate Mom 0.30 0.2 0.21 0.21 0.21 0.21 percent [+]
Consumer Price Index CPI 102.50 103 103 104 104 104 Index Points [+]
Producer Prices 161.90 164 166 168 170 182 Index Points [+]
Producer Prices Change -0.30 0.2 0.6 0.9 1.2 2.4 percent [+]
Food Inflation 2.70 2.66 2.6 2.59 2.59 2.59 percent [+]
Harmonised Consumer Prices 100.10 100 100 100 100 100 Index Points [+]
Export Prices 132.40 134 135 135 135 135 Index Points [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Loans to Private Sector 903759.00 911070 920045 927406 933414 957751 EUR Thousand [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade -70238.00 -84684 -84672 -76153 -83526 -83557 EUR Thousand [+]
Exports 23346.00 27228 27744 27803 27818 27819 EUR Thousand [+]
Imports 93584.00 120266 141965 157129 157815 154144 EUR Thousand [+]
Current Account -295140.27 10.06 -294088 -1038 -293044 -286931 EUR Thousand [+]
Current Account to GDP -12.90 -14.53 -13.55 -12.56 -11.58 -11.2 percent [+]
Capital Flows 294969.92 97512 294441 98040 293914 290813 EUR Thousand [+]
Tourist Arrivals 180.90 299 1092 2551 271 345 Hundreds [+]
Terrorism Index 0.15 0.33 0.33 0.34 0.34 0.42 [+]
Foreign Direct Investment 757435.19 539545 573250 606956 640662 659910 EUR Thousand [+]
GOVERNMENT Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Government Debt to GDP 61.40 56.64 59.89 63.13 66.38 67.04 percent [+]
Government Budget -7.00 -5.1 -6.44 -7.79 -9.14 -8.7 percent of GDP [+]
Government Budget Value -136683389.57 -36333791 -116091831 -73805487 -111571840 -99845982 EUR [+]
Government Spending 173870.00 149163 169186 172703 194277 193228 EUR Thousand [+]
Government Revenues 1683637212.37 854985469 910022109 906366735 906609514 906594394 EUR [+]
Government Debt 2197.60 2413 2461 2499 2560 3083 EUR Million [+]
Fiscal Expenditure 1820320601.94 956687692 1051041170 1040732880 1041859080 1041748158 EUR [+]
Military Expenditure 76.30 75.82 77.54 79.25 80.17 83.43 USD Million [+]
BUSINESS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Industrial Production 6.20 3.2 6.2 -1.14 -4.7 -1.1 percent [+]
Industrial Production Mom 34.10 9.6 6.62 0.98 0.46 0.65 percent [+]
Manufacturing Production -17.20 -4.18 -12.92 -11.24 -12.66 -12.22 percent [+]
Changes in Inventories -125859.00 69019 50419 -114177 5121 -25068 EUR Thousand [+]
Mining Production 200.00 65.66 17.8 6.59 4.17 3.52 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 45.00 45 45 46 46 48 Points [+]
Corruption Rank 64.00 70.77 71.03 71.28 71.53 75.66 [+]
Ease of Doing Business 51.00 47.58 47.41 47.23 47.06 47.8 [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Retail Sales Yoy 4.20 1.8 1.8 3.45 3 2 percent [+]
Consumer Spending 735774.00 719401 716997 717759 717518 717576 EUR Thousand [+]
Retail Sales Mom -24.00 11.1 11.1 -13.64 7.8 6 percent [+]
Gasoline Prices 1.36 1.36 1.33 1.33 1.34 1.34 USD/Liter [+]
Consumer Credit 1030924.00 1037035 1054533 1069891 1083480 1160656 EUR Thousand [+]
HOUSING Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Housing Index 1050.00 1082 1087 1088 1089 1078 EUR/SQ. METRE [+]
Construction Output 40.50 33.17 30 30.24 30.4 32 percent [+]
Building Permits 299.00 263 298 264 298 294 [+]
TAXES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Corporate Tax Rate 9.00 9 9 9 9 9 percent [+]
Personal Income Tax Rate 9.00 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. 3/27/2017