Montenegro Forecast: Real GDP Growth
2001 - 2028 | Yearly | % | International Monetary Fund
Key information about Montenegro Forecast: Real GDP Growth
- Montenegro Real GDP Growth is forecasted to be 3.200 % in Dec 2023 as reported by International Monetary Fund.
- It records no change from the last reported number of 6.400 % in Dec 2022.
- Looking ahead, Montenegro Real GDP Growth is projected to stand at 3.000 % in Dec 2028.
- The data is updated yearly and is categorized in CEIC under World Trend Plus’s Country Forecast – Table IMF.WEO: Gross Domestic Product: Constant Prices: YoY.
View Montenegro's Forecast: Real GDP Growth from 2001 to 2028 in the chart:
What is Montenegro's Forecast: Real GDP Growth in 2028?
Montenegro Real GDP Growth is forecasted to be 3.200 % in Dec 2023 as reported by International Monetary Fund. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 3.000 2028 | 3.000 2027 | -15.307 2020 | 13.043 2021 | % | yearly | 2001 - 2028 |
Forecast: Real GDP Growth by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Afghanistan (%) | 3.004 2026 | yearly | 2004 - 2026 |
| Albania (%) | 3.400 2028 | yearly | 1980 - 2028 |
| Algeria (%) | 1.782 2028 | yearly | 1980 - 2028 |
| Andorra (%) | 1.500 2031 | yearly | 2001 - 2031 |
| Angola (%) | 4.230 2028 | yearly | 1980 - 2028 |
| Antigua and Barbuda (%) | 2.685 2027 | yearly | 1980 - 2027 |
| Argentina (%) | 2.000 2027 | yearly | 1980 - 2027 |
| Armenia (%) | 4.500 2028 | yearly | 1993 - 2028 |
| Aruba (%) | 1.329 2031 | yearly | 1987 - 2031 |
| Australia (%) | 2.279 2027 | yearly | 1980 - 2027 |
| Austria (%) | 1.527 2028 | yearly | 1980 - 2028 |
| Azerbaijan (%) | 2.572 2028 | yearly | 1993 - 2028 |
| Bahamas (%) | 1.496 2027 | yearly | 1980 - 2027 |
| Bahrain (%) | 2.733 2028 | yearly | 1980 - 2028 |
| Bangladesh (%) | 9.531 2021 | yearly | 1980 - 2021 |
| Barbados (%) | 1.840 2027 | yearly | 1980 - 2027 |
| Belarus (%) | 0.741 2028 | yearly | 1993 - 2028 |
| Belgium (%) | 1.289 2028 | yearly | 1980 - 2028 |
| Belize (%) | 2.012 2027 | yearly | 1980 - 2027 |
| Benin (%) | 5.934 2028 | yearly | 1980 - 2028 |
| Bhutan (%) | 5.557 2031 | yearly | 1980 - 2031 |
| Bolivia (%) | 3.400 2027 | yearly | 1980 - 2027 |
| Bosnia and Herzegovina (%) | 3.000 2028 | yearly | 1997 - 2028 |
| Botswana (%) | 3.957 2028 | yearly | 1980 - 2028 |
| Brazil (%) | 2.015 2028 | yearly | 1980 - 2028 |
| Brunei (%) | 2.112 2027 | yearly | 1986 - 2027 |
| Bulgaria (%) | 2.840 2028 | yearly | 1980 - 2028 |
| Burkina Faso (%) | 5.258 2027 | yearly | 1980 - 2027 |
| Burundi (%) | 4.565 2027 | yearly | 1980 - 2027 |
| Cambodia (%) | 6.500 2027 | yearly | 1988 - 2027 |
| Cameroon (%) | 4.898 2027 | yearly | 1980 - 2027 |
| Canada (%) | 1.754 2031 | yearly | 1980 - 2031 |
| Cape Verde (%) | 4.498 2027 | yearly | 1980 - 2027 |
| Central African Republic (%) | 3.347 2028 | yearly | 1980 - 2028 |
| Chad (%) | 3.508 2027 | yearly | 1980 - 2027 |
| Chile (%) | 2.459 2027 | yearly | 1980 - 2027 |
| China (%) | 3.437 2028 | yearly | 1980 - 2028 |
| Colombia (%) | 3.345 2028 | yearly | 1980 - 2028 |
| Comoros (%) | 4.342 2027 | yearly | 1980 - 2027 |
| Congo (%) | 3.980 2028 | yearly | 1980 - 2028 |
| Costa Rica (%) | 3.243 2027 | yearly | 1980 - 2027 |
| Croatia (%) | 2.800 2028 | yearly | 1993 - 2028 |
| Cyprus (%) | 3.000 2031 | yearly | 1980 - 2031 |
| Czech Republic (%) | 2.501 2027 | yearly | 1996 - 2027 |
| Democratic Republic of Congo (%) | 6.482 2028 | yearly | 1980 - 2028 |
| Denmark (%) | 1.800 2027 | yearly | 1980 - 2027 |
| Djibouti (%) | 5.000 2028 | yearly | 1992 - 2028 |
| Dominica (%) | 2.685 2028 | yearly | 1980 - 2028 |
| Dominican Republic (%) | 4.985 2028 | yearly | 1980 - 2028 |
| Ecuador (%) | 2.751 2028 | yearly | 1980 - 2028 |
| Egypt (%) | 5.984 2028 | yearly | 1980 - 2028 |
| El Salvador (%) | 1.965 2027 | yearly | 1980 - 2027 |
| Equatorial Guinea (%) | -0.981 2027 | yearly | 1980 - 2027 |
| Eritrea (%) | 2.925 2028 | yearly | 1993 - 2028 |
| Estonia (%) | 3.300 2027 | yearly | 1994 - 2027 |
| Swaziland (%) | 2.278 2027 | yearly | 1980 - 2027 |
| Ethiopia (%) | 6.953 2028 | yearly | 1980 - 2028 |
| Fiji (%) | 3.459 2028 | yearly | 1980 - 2028 |
| Finland (%) | 1.173 2031 | yearly | 1980 - 2031 |
| France (%) | 1.450 2028 | yearly | 1980 - 2028 |
| Gabon (%) | 3.809 2027 | yearly | 1981 - 2027 |
| Gambia (%) | 5.000 2027 | yearly | 1980 - 2027 |
| Georgia (%) | 5.198 2028 | yearly | 1995 - 2028 |
| Germany (%) | 1.134 2028 | yearly | 1980 - 2028 |
| Ghana (%) | 6.774 2027 | yearly | 1980 - 2027 |
| Greece (%) | 1.355 2027 | yearly | 1980 - 2027 |
| Grenada (%) | 2.849 2027 | yearly | 1980 - 2027 |
| Guatemala (%) | 3.900 2028 | yearly | 1980 - 2028 |
| Guinea (%) | 5.187 2027 | yearly | 1980 - 2027 |
| Guinea-Bissau (%) | 5.000 2027 | yearly | 1981 - 2027 |
| Guyana (%) | 3.320 2027 | yearly | 1980 - 2027 |
| Haiti (%) | 1.500 2027 | yearly | 1980 - 2027 |
| Honduras (%) | 3.940 2027 | yearly | 1980 - 2027 |
| Hong Kong SAR, China (%) | 2.849 2027 | yearly | 1980 - 2027 |
| Hungary (%) | 3.150 2027 | yearly | 1980 - 2027 |
| Iceland (%) | 2.375 2031 | yearly | 1980 - 2031 |
| India (%) | 6.042 2029 | yearly | 1981 - 2029 |
| Indonesia (%) | 5.117 2027 | yearly | 1980 - 2027 |
| Iran (%) | 2.047 2029 | yearly | 1981 - 2029 |
| Iraq (%) | 2.625 2027 | yearly | 1999 - 2027 |
| Ireland (%) | 3.010 2027 | yearly | 1980 - 2027 |
| Israel (%) | 3.499 2027 | yearly | 1980 - 2027 |
| Italy (%) | 0.882 2028 | yearly | 1980 - 2028 |
| Ivory Coast (%) | 6.000 2028 | yearly | 1980 - 2028 |
| Jamaica (%) | 1.600 2027 | yearly | 1980 - 2027 |
| Japan (%) | 0.409 2028 | yearly | 1980 - 2028 |
| Jordan (%) | 3.300 2027 | yearly | 1980 - 2027 |
| Kazakhstan (%) | 2.778 2028 | yearly | 1993 - 2028 |
| Kenya (%) | 5.516 2027 | yearly | 1980 - 2027 |
| Kiribati (%) | 1.971 2027 | yearly | 1980 - 2027 |
| South Korea (%) | 2.340 2027 | yearly | 1980 - 2027 |
| Kosovo (%) | 3.960 2031 | yearly | 2001 - 2031 |
| Kuwait (%) | 2.655 2027 | yearly | 1980 - 2027 |
| Kyrgyzstan (%) | 3.977 2028 | yearly | 1993 - 2028 |
| Laos (%) | 4.496 2028 | yearly | 1980 - 2028 |
| Latvia (%) | 3.377 2027 | yearly | 1993 - 2027 |
| Lebanon (%) | -22.000 2020 | yearly | 1980 - 2020 |
| Lesotho (%) | 1.512 2032 | yearly | 1981 - 2032 |
| Liberia (%) | 5.680 2027 | yearly | 2001 - 2027 |
| Libya (%) | 3.588 2027 | yearly | 1980 - 2027 |
Accurate Macro & Micro Economic Data You Can Trust
Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors.
Learn more about what we doMontenegro Key Series
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -3.6 Jun 2026 | quarterly | Dec 2012 - Jun 2026 |
| Consolidated Fiscal Balance (USD mn) | -30.036 Jul 2026 | monthly | Jan 2012 - Jul 2026 |
| Tax Revenue (USD mn) | 244.360 Jul 2026 | monthly | Jan 2012 - Jul 2026 |
| Tax Revenue: % of GDP (%) | 29.0 Jun 2026 | quarterly | Mar 2012 - Jun 2026 |
| National Government Debt (USD mn) | 5,704.8 Jun 2026 | monthly | Dec 2010 - Jun 2026 |
| Government Debt: % of GDP (%) | 59.5 Jun 2026 | quarterly | Dec 2010 - Jun 2026 |
| Forecast: Government Expenditure (EUR bn) | 5.113 2031 | yearly | 2002 - 2031 |
| Forecast: Government Net Debt (EUR bn) | 7.483 2031 | yearly | 2002 - 2031 |
| Forecast: Government Revenue (EUR bn) | 4.623 2031 | yearly | 2002 - 2031 |
| General Government Revenue: Consolidated (EUR) | 283,289,887.530 Jul 2026 | monthly | Jan 2012 - Jul 2026 |
| General Govt Revenue: Cons: Taxes: Excises (EUR) | 42,346,574.410 Jul 2026 | monthly | Jan 2012 - Jul 2026 |
| General Govt Balance: Consolidated: Deficit or Surplus (EUR) | -26,294,369.500 Jul 2026 | monthly | Jan 2012 - Jul 2026 |
| General Govt Revenue: Cons: Taxes: Value Added Tax (EUR) | 143,544,541.600 Jul 2026 | monthly | Jan 2012 - Jul 2026 |
| General Govt Expenditure: Consolidated (EUR) | 309,584,257.030 Jul 2026 | monthly | Jan 2012 - Jul 2026 |
| General Govt Expenditure: Cons: ow Current (EUR) | 255,153,306.550 Jul 2026 | monthly | Jan 2012 - Jul 2026 |
| General Govt Revenue: Cons: Taxes (EUR) | 213,919,452.060 Jul 2026 | monthly | Jan 2012 - Jul 2026 |
| Gross General Government External Debt (EUR mn) | 4,758.798 Jun 2026 | monthly | Dec 2010 - Jun 2026 |
| Gross General Government Debt (EUR mn) | 4,996.756 Jun 2026 | monthly | Dec 2010 - Jun 2026 |
| Gross General Government Debt: Domestic (EUR mn) | 237.958 Jun 2026 | monthly | Dec 2010 - Jun 2026 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 1.534 2028 | yearly | 2003 - 2028 |
| Trade Balance (USD mn) | -456.6 Jun 2026 | monthly | Jan 2005 - Jun 2026 |
| Total Exports (USD mn) | 53.8 Jun 2026 | monthly | Jan 2005 - Jun 2026 |
| Total Exports Growth (%) | 3.2 Jun 2026 | monthly | Jan 2006 - Jun 2026 |
| Aluminum: Exports (USD th) | 41,867.902 2024 | yearly | 2008 - 2024 |
| Exports: Medicament (USD th) | 35,401.153 2025 | yearly | 2008 - 2025 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 265.817 2025 | yearly | 2008 - 2025 |
| Total Imports (USD mn) | 510.4 Jun 2026 | monthly | Jan 2005 - Jun 2026 |
| Total Imports Growth (%) | 7.7 Jun 2026 | monthly | Jan 2006 - Jun 2026 |
| Imports: Medicament (USD th) | 154,935.784 2025 | yearly | 2008 - 2025 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 83,406.785 2025 | yearly | 2008 - 2025 |
| Total Exports to USA (USD mn) | 0.728 Jun 2026 | monthly | Jan 2010 - Jun 2026 |
| Total Imports from USA (USD mn) | 7.869 Jul 2026 | monthly | Jan 2006 - Jul 2026 |
| Total Exports to China (USD mn) | 1.629 Jul 2026 | monthly | Jan 2010 - Jul 2026 |
| Total Imports from China (USD mn) | 58.431 Jul 2026 | monthly | Jan 2006 - Jul 2026 |
| Exports: Europe: CEFTA: Serbia (EUR th) | 8,613.323 Jul 2026 | monthly | Mar 2009 - Jul 2026 |
| Exports: Europe: EU-28: Slovenia (EUR th) | 5,166.395 Jun 2026 | monthly | Mar 2009 - Jun 2026 |
| Exports: Machinery & Transport Equipment (EUR th) | 2,795.108 Jun 2026 | monthly | Mar 2009 - Jun 2026 |
| Exports: Mineral Fuels, Lubricants & Related Materials (EUR th) | 11,758.562 Jun 2026 | monthly | Mar 2009 - Jun 2026 |
| Exports: Manufactured Goods (EUR th) | 2,226.863 Jul 2026 | monthly | Mar 2009 - Jul 2026 |
| Exports: Food & Live Animals (EUR th) | 5,882.635 Jun 2026 | monthly | Mar 2009 - Jun 2026 |
| Exports: Crude Materials: excl Fuels (EUR th) | 8,850.677 Jul 2026 | monthly | Mar 2009 - Jul 2026 |
| Imports: Europe: EU-28: Greece (EUR th) | 34,910.461 Jun 2026 | monthly | Mar 2009 - Jun 2026 |
| Imports: Europe: CEFTA: Serbia (EUR th) | 77,366.537 Jul 2026 | monthly | Mar 2009 - Jul 2026 |
| Imports: Miscellaneous Manufactured Goods (EUR th) | 62,504.300 Jul 2026 | monthly | Mar 2009 - Jul 2026 |
| Imports: Manufactured Goods (EUR th) | 52,565.583 Jul 2026 | monthly | Mar 2009 - Jul 2026 |
| Imports: Machinery & Transport Equipment (EUR th) | 114,005.805 Jun 2026 | monthly | Mar 2009 - Jun 2026 |
| Imports: Mineral Fuels, Lubricants & Related Materials (EUR th) | 52,410.372 Jun 2026 | monthly | Mar 2009 - Jun 2026 |
| Imports: Food & Live Animals (EUR th) | 89,501.193 Jul 2026 | monthly | Mar 2009 - Jul 2026 |
| Exports (EUR th) | 46,683.904 Jun 2026 | monthly | Jan 2005 - Jun 2026 |
| Imports (EUR th) | 443,218.640 Jun 2026 | monthly | Jan 2005 - Jun 2026 |
| Balance of Payments | Last | Frequency | Range |
|---|---|---|---|
| Direct Investment Abroad (USD mn) | 17.6 Jun 2026 | quarterly | Mar 2005 - Jun 2026 |
| Current Account Balance (USD mn) | 69.2 Sep 2025 | quarterly | Mar 2004 - Sep 2025 |
| Current Account Balance: % of GDP (%) | -22.8 Jun 2026 | quarterly | Mar 2010 - Jun 2026 |
| Foreign Direct Investment (USD mn) | 182.4 Jun 2026 | quarterly | Mar 2005 - Jun 2026 |
| Foreign Direct Investment: % of GDP (%) | 7.3 Jun 2026 | quarterly | Mar 2010 - Jun 2026 |
| Foreign Portfolio Investment (USD mn) | -19.392 Jun 2026 | quarterly | Mar 2005 - Jun 2026 |
| Foreign Portfolio Investment: % of GDP (%) | -0.8 Jun 2026 | quarterly | Mar 2010 - Jun 2026 |
| Foreign Portfolio Investment: Equity Securities (USD mn) | 120.2 Mar 2026 | quarterly | Mar 2007 - Mar 2026 |
| Foreign Portfolio Investment: Debt Securities (USD mn) | 3.240 Mar 2026 | quarterly | Mar 2007 - Mar 2026 |
| External Debt (USD mn) | 8,741.3 2024 | yearly | 2006 - 2024 |
| External Debt: % of GDP (%) | 105.7 2024 | yearly | 2006 - 2024 |
| External Debt: Short Term (USD mn) | 235.2 2024 | yearly | 2007 - 2024 |
| External Debt: Short Term: % of GDP (%) | 2.8 2024 | yearly | 2007 - 2024 |
| Forecast: Current Account Balance (USD bn) | -2.088 2031 | yearly | 2001 - 2031 |
| Balance of Payments (BoP): Current Account and Capital Account (EUR th) | -374,597.413 Dec 2018 | quarterly | Mar 2010 - Dec 2018 |
| BoP: Current Account: Goods: Export (EUR th) | 120,372.138 Dec 2018 | quarterly | Mar 2010 - Dec 2018 |
| BoP: Current Account: Goods: Import (EUR th) | 645,611.036 Dec 2018 | quarterly | Mar 2010 - Dec 2018 |
| BoP: Financial Account: Change in Central Bank Reserves (EUR th) | -9,057.098 Dec 2018 | quarterly | Mar 2010 - Dec 2018 |
| Foreign Direct Investment: Flow: Slovenia (EUR) | 9,478,424.000 2023 | yearly | 2001 - 2023 |
| Foreign Direct Investment: Flow: Serbia (EUR) | 125,266,558.270 2023 | yearly | 2002 - 2023 |
| Foreign Direct Investment: Flow: Italy (EUR) | 5,543,222.480 2023 | yearly | 2001 - 2023 |
| Foreign Direct Investment: Flow: Switzerland (EUR) | 65,139,405.970 2023 | yearly | 2001 - 2023 |
| Foreign Direct Investment: Flow: Russian Federation (EUR) | 112,506,571.770 2023 | yearly | 2001 - 2023 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 4.3 Jun 2024 | monthly | Aug 2010 - Jun 2024 |
| Household Debt: % of GDP (%) | 30.7 Jun 2026 | quarterly | Mar 2007 - Jun 2026 |
| Non-Performing Loans (USD mn) | 205.823 Jun 2024 | monthly | Dec 2010 - Jun 2024 |
| M2 Growth (%) | 9.8 2025 | yearly | 2003 - 2025 |
| Reserve Requirement Ratio (%) | 5.5 Jul 2026 | monthly | Jan 2002 - Jul 2026 |
| Foreign Exchange Reserves (USD mn) | 2,081.3 Dec 2025 | monthly | Dec 2002 - Dec 2025 |
| Foreign Exchange Reserves: % of GDP (%) | 22.409 Dec 2025 | quarterly | Dec 2006 - Dec 2025 |
| Foreign Exchange Reserves: Months of Import (NA) | 4.5 Dec 2025 | monthly | Jan 2005 - Dec 2025 |
| Gold Reserves (USD mn) | 0.000 Dec 2025 | monthly | Dec 2002 - Dec 2025 |
| Total Deposits (USD mn) | 7,154.780 Jul 2026 | monthly | Jan 2003 - Jul 2026 |
| Total Deposits Growth (%) | 5.4 Jul 2026 | monthly | Jan 2004 - Jul 2026 |
| Domestic Credit (USD mn) | 5,468.3 Jul 2026 | monthly | Jan 2005 - Jul 2026 |
| Domestic Credit Growth (%) | 21.6 Jul 2026 | monthly | Jan 2006 - Jul 2026 |
| Household Debt (USD mn) | 3,000.6 Jul 2026 | monthly | Dec 2004 - Jul 2026 |
| Total Loans (USD mn) | 6,687.870 Jul 2026 | monthly | Jan 2003 - Jul 2026 |
| Total Loans Growth (%) | 9.14 Jul 2026 | monthly | Jan 2004 - Jul 2026 |
| Private Debt: % of Nominal GDP (%) | 53.61 Jun 2026 | quarterly | Mar 2007 - Jun 2026 |
| Bank Loans: Non Performing Loans (EUR th) | 200,600.000 Apr 2018 | monthly | Dec 2010 - Apr 2018 |
| Bank Loans: Residents: Households (EUR th) | 1,188,990.000 Jun 2018 | monthly | Jan 2009 - Jun 2018 |
| ME: Bank Non-Performing Loans to Total Gross Loans (%) | 7.426 2018 | yearly | 2013 - 2018 |
More Indicators for Montenegro
Request a demo of CEIC
CEIC’s economic databases cover over 200 global markets. Our Platform offers the most reliable macroeconomic data and advanced analytical tools.