Montenegro | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 21.33 17.7 17.5 17.2 16.7 15.5 percent [+]
Inflation Rate 0.90 0.5 0.7 1.1 1.4 2.1 percent [+]
Balance of Trade -132470.00 -117120 -119939 -122537 -123091 -122512 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 1.07 1.02 1.01 1 1.04 0.83 [+]
Stock Market 12247.14 12000 11900 11800 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 1208.91 676 869 1156 849 787 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 310032.00 147137 359880 163083 128259 185411 EUR Thousand [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 21.33 17.7 17.5 17.2 16.7 15.5 percent [+]
Employed Persons 178278.00 178874 179024 179051 179051 179049 [+]
Wages 756.00 753 753 753 753 753 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 637.00 698 701 699 701 700 EUR/Month [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 0.90 0.5 0.7 1.1 1.4 2.1 percent [+]
Inflation Rate Mom 0.00 0.14 0.14 0.14 0.14 0.14 percent [+]
Consumer Price Index CPI 100.90 101 101 101 101 101 Index Points [+]
Producer Prices 162.20 162 162 162 162 162 Index Points [+]
Producer Prices Change -0.10 -0.34 -0.36 -0.35 -0.36 -0.35 percent [+]
Food Inflation 0.40 -0.33 -0.33 -0.33 -0.33 -0.33 percent [+]
Harmonised Consumer Prices 100.00 100 100 100 100 100 Index Points [+]
Export Prices 129.20 127 127 127 127 127 Index Points [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Loans to Private Sector 898070.00 900403 904704 908298 911224 922982 EUR Thousand [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade -132470.00 -117120 -119939 -122537 -123091 -122512 EUR Thousand [+]
Exports 32404.40 29748 29583 29579 29572 29572 EUR Thousand [+]
Imports 164875.00 148969 151211 153479 153991 153532 EUR Thousand [+]
Current Account 244057.90 243167 -17005 242282 -16123 -10956 EUR Thousand [+]
Current Account to GDP -12.90 -14.53 -13.55 -12.56 -11.58 -11.2 percent [+]
Capital Flows -196732.75 -196398 -30667 -196065 -30999 -32966 EUR Thousand [+]
Tourist Arrivals 267.00 299 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 -92964072.88 -68749318 -145029461 -102404716 -155866809 -137625112 EUR [+]
Government Spending 170588.00 170594 170594 170594 170594 170594 EUR Thousand [+]
Government Revenues 1216735520.50 797781504 797710434 797716913 797716322 797716371 EUR [+]
Government Debt 2197.60 2413 2461 2499 2560 3083 EUR Million [+]
Fiscal Expenditure 1242775207.51 915121700 914935249 914958386 914955515 914955832 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 -8.90 3.2 6.2 -12.99 -4.7 -1.1 percent [+]
Industrial Production Mom 9.60 2.21 0.94 0.74 0.79 0.8 percent [+]
Manufacturing Production -28.90 -4.44 -4.44 -5.08 1.03 1.12 percent [+]
Changes in Inventories 28154.00 80823 33317 -99545 42271 17164 EUR Thousand [+]
Mining Production 1.30 2.37 2.26 2.25 2.25 2.24 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 46.14 46.52 46.89 47.27 57.18 Points [+]
Corruption Rank 61.00 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 1.50 1.8 1.8 2.29 3 2 percent [+]
Consumer Spending 746609.00 688281 767337 745329 840745 924738 EUR Thousand [+]
Retail Sales Mom -9.00 11.1 11.1 -8.93 7.8 6 percent [+]
Gasoline Prices 1.23 1.32 1.3 1.3 1.3 1.3 USD/Liter [+]
Consumer Credit 1018023.00 1042968 1061191 1077303 1091546 1175329 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 37.30 41.07 15.76 37.18 36.98 38.98 percent [+]
Building Permits 267.00 225 264 226 263 257 [+]
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. 1/21/2017