The economy of Montenegro expanded by 2.5% year-on-year in the first quarter of 2025, easing from a 2.9% growth in the previous period. This marks the slowest economic expansion since a contraction in the first quarter of 2021. source: Statistical Office of Montenegro

The Gross Domestic Product (GDP) in Montenegro expanded 2.50 percent in the first quarter of 2025 over the same quarter of the previous year. GDP Annual Growth Rate in Montenegro averaged 3.11 percent from 2001 until 2025, reaching an all time high of 26.60 percent in the third quarter of 2021 and a record low of -27.10 percent in the third quarter of 2020. This page provides the latest reported value for - Montenegro GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Montenegro GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2025.

The Gross Domestic Product (GDP) in Montenegro expanded 2.50 percent in the first quarter of 2025 over the same quarter of the previous year. GDP Annual Growth Rate in Montenegro is expected to be 4.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Montenegro GDP Annual Growth Rate is projected to trend around 3.00 percent in 2026 and 3.20 percent in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-03-07 10:00 AM
GDP Growth Rate YoY
Q4 2.9% 2.6% 3.8%
2025-06-06 09:00 AM
GDP Growth Rate YoY
Q1 2.5% 2.9% 2.6%
2025-09-17 09:00 AM
GDP Growth Rate YoY
Q2 2.5% 4%


Related Last Previous Unit Reference
Full Year GDP Growth 3.04 6.34 percent Dec 2024
GDP 8.07 7.50 USD Billion Dec 2024
GDP Growth Rate YoY 2.50 2.90 percent Mar 2025
GDP Constant Prices 1396.27 1892.44 EUR Million Mar 2025
GDP per Capita 8552.59 8304.26 USD Dec 2024
GDP per Capita PPP 27852.04 27043.33 USD Dec 2024
Gross Fixed Capital Formation 357014.00 406626.00 EUR Thousand Mar 2025

Montenegro GDP Annual Growth Rate
Montenegro formally declared its independence in 2006 and it is still in a state of economic transition. The country does not have its own currency and uses Euro as legal tender. Montenegro economy relies heavily on foreign tourism and on exports of refined metals. On the expenditure side, household consumption is the main component of GDP (80 percent), followed by government expenditure (19 percent) and gross fixed capital formation (19 percent). Exports of goods and services account for 40 percent of GDP while imports account for 60 percent, subtracting 20 percent of total GDP.
Actual Previous Highest Lowest Dates Unit Frequency
2.50 2.90 26.60 -27.10 2001 - 2025 percent Quarterly
Constant Prices