Montenegro Forecast: Real GDP Growth
2001 - 2027 | Yearly | % | International Monetary Fund
Key information about Montenegro Forecast: Real GDP Growth
- Montenegro Real GDP Growth is forecasted to be 3.800 % in Dec 2022 as reported by International Monetary Fund.
- It records no change from the last reported number of 12.434 % in Dec 2021.
- Looking ahead, Montenegro Real GDP Growth is projected to stand at 3.000 % in Dec 2027.
- 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 2027 in the chart:
What is Montenegro's Forecast: Real GDP Growth in 2027?
Montenegro Real GDP Growth is forecasted to be 3.800 % in Dec 2022 as reported by International Monetary Fund. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 3.000 2027 | 3.000 2026 | -15.300 2020 | 12.434 2021 | % | yearly | 2001 - 2027 |
Forecast: Real GDP Growth by Country Comparison
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| country/region | Last | Frequency | Range |
|---|---|---|---|
| Afghanistan (%) | -2.351 2020 | yearly | 2003 - 2020 |
| Albania (%) | 3.400 2027 | yearly | 1980 - 2027 |
| Algeria (%) | 1.812 2027 | yearly | 1980 - 2027 |
| Andorra (%) | 1.500 2027 | yearly | 2001 - 2027 |
| Angola (%) | 3.940 2027 | yearly | 1980 - 2027 |
| Antigua and Barbuda (%) | 2.703 2027 | yearly | 1980 - 2027 |
| Argentina (%) | 2.000 2027 | yearly | 1980 - 2027 |
| Armenia (%) | 4.500 2027 | yearly | 1993 - 2027 |
| Aruba (%) | 1.400 2027 | yearly | 1987 - 2027 |
| Australia (%) | 2.585 2027 | yearly | 1980 - 2027 |
| Austria (%) | 1.780 2027 | yearly | 1980 - 2027 |
| Azerbaijan (%) | 2.493 2027 | yearly | 1993 - 2027 |
| Bahamas (%) | 1.496 2027 | yearly | 1980 - 2027 |
| Bahrain (%) | 3.050 2027 | yearly | 1980 - 2027 |
| Bangladesh (%) | 9.531 2021 | yearly | 1980 - 2021 |
| Barbados (%) | 1.840 2027 | yearly | 1980 - 2027 |
| Belarus (%) | 0.574 2027 | yearly | 1993 - 2027 |
| Belgium (%) | 1.198 2027 | yearly | 1980 - 2027 |
| Belize (%) | 2.000 2027 | yearly | 1980 - 2027 |
| Benin (%) | 6.028 2027 | yearly | 1980 - 2027 |
| Bhutan (%) | 5.762 2027 | yearly | 1980 - 2027 |
| Bolivia (%) | 3.400 2027 | yearly | 1980 - 2027 |
| Bosnia and Herzegovina (%) | 3.000 2027 | yearly | 1997 - 2027 |
| Botswana (%) | 3.986 2027 | yearly | 1980 - 2027 |
| Brazil (%) | 2.040 2027 | yearly | 1980 - 2027 |
| Brunei (%) | 2.112 2027 | yearly | 1986 - 2027 |
| Bulgaria (%) | 2.840 2027 | yearly | 1980 - 2027 |
| Burkina Faso (%) | 5.305 2027 | yearly | 1980 - 2027 |
| Burundi (%) | 4.519 2027 | yearly | 1980 - 2027 |
| Cambodia (%) | 6.500 2027 | yearly | 1988 - 2027 |
| Cameroon (%) | 5.164 2027 | yearly | 1980 - 2027 |
| Canada (%) | 1.631 2027 | yearly | 1980 - 2027 |
| Cape Verde (%) | 4.498 2027 | yearly | 1980 - 2027 |
| Central African Republic (%) | 4.664 2027 | yearly | 1980 - 2027 |
| Chad (%) | 3.508 2027 | yearly | 1980 - 2027 |
| Chile (%) | 2.459 2027 | yearly | 1980 - 2027 |
| China (%) | 4.784 2027 | yearly | 1980 - 2027 |
| Colombia (%) | 3.445 2027 | yearly | 1980 - 2027 |
| Comoros (%) | 4.342 2027 | yearly | 1980 - 2027 |
| Congo (%) | 3.370 2027 | yearly | 1980 - 2027 |
| Costa Rica (%) | 3.160 2027 | yearly | 1980 - 2027 |
| Croatia (%) | 3.000 2027 | yearly | 1993 - 2027 |
| Cyprus (%) | 2.930 2027 | yearly | 1980 - 2027 |
| Czech Republic (%) | 2.505 2027 | yearly | 1996 - 2027 |
| Democratic Republic of Congo (%) | 6.632 2027 | yearly | 1980 - 2027 |
| Denmark (%) | 1.800 2027 | yearly | 1980 - 2027 |
| Djibouti (%) | 6.000 2027 | yearly | 1992 - 2027 |
| Dominica (%) | 2.489 2027 | yearly | 1980 - 2027 |
| Dominican Republic (%) | 5.000 2027 | yearly | 1980 - 2027 |
| Ecuador (%) | 2.797 2027 | yearly | 1980 - 2027 |
| Egypt (%) | 5.904 2027 | yearly | 1980 - 2027 |
| El Salvador (%) | 1.965 2027 | yearly | 1980 - 2027 |
| Equatorial Guinea (%) | -0.981 2027 | yearly | 1980 - 2027 |
| Eritrea (%) | 3.752 2027 | yearly | 1993 - 2027 |
| Estonia (%) | 3.300 2027 | yearly | 1994 - 2027 |
| Swaziland (%) | 2.278 2027 | yearly | 1980 - 2027 |
| Ethiopia (%) | 6.990 2027 | yearly | 1980 - 2027 |
| Fiji (%) | 3.413 2027 | yearly | 1980 - 2027 |
| Finland (%) | 1.265 2027 | yearly | 1980 - 2027 |
| France (%) | 1.412 2027 | yearly | 1980 - 2027 |
| Gabon (%) | 3.823 2027 | yearly | 1981 - 2027 |
| Gambia (%) | 5.000 2027 | yearly | 1980 - 2027 |
| Georgia (%) | 5.200 2027 | yearly | 1995 - 2027 |
| Germany (%) | 1.134 2027 | yearly | 1980 - 2027 |
| Ghana (%) | 7.485 2027 | yearly | 1980 - 2027 |
| Greece (%) | 1.201 2027 | yearly | 1980 - 2027 |
| Grenada (%) | 2.849 2027 | yearly | 1980 - 2027 |
| Guatemala (%) | 3.503 2027 | yearly | 1980 - 2027 |
| Guinea (%) | 5.107 2027 | yearly | 1980 - 2027 |
| Guinea-Bissau (%) | 5.000 2027 | yearly | 1981 - 2027 |
| Guyana (%) | 3.748 2027 | yearly | 1980 - 2027 |
| Haiti (%) | 1.700 2027 | yearly | 1980 - 2027 |
| Honduras (%) | 3.940 2027 | yearly | 1980 - 2027 |
| Hong Kong SAR, China (%) | 2.849 2027 | yearly | 1980 - 2027 |
| Hungary (%) | 2.700 2027 | yearly | 1980 - 2027 |
| Iceland (%) | 2.299 2027 | yearly | 1980 - 2027 |
| India (%) | 6.168 2028 | yearly | 1981 - 2028 |
| Indonesia (%) | 5.177 2027 | yearly | 1980 - 2027 |
| Iran (%) | 2.025 2028 | yearly | 1981 - 2028 |
| Iraq (%) | 2.625 2027 | yearly | 1999 - 2027 |
| Ireland (%) | 3.030 2027 | yearly | 1980 - 2027 |
| Israel (%) | 3.515 2027 | yearly | 1980 - 2027 |
| Italy (%) | 0.500 2027 | yearly | 1980 - 2027 |
| Ivory Coast (%) | 6.000 2027 | yearly | 1980 - 2027 |
| Jamaica (%) | 1.600 2027 | yearly | 1980 - 2027 |
| Japan (%) | 0.398 2027 | yearly | 1980 - 2027 |
| Jordan (%) | 3.300 2027 | yearly | 1980 - 2027 |
| Kazakhstan (%) | 3.084 2027 | yearly | 1993 - 2027 |
| Kenya (%) | 5.424 2027 | yearly | 1980 - 2027 |
| Kiribati (%) | 1.971 2027 | yearly | 1980 - 2027 |
| South Korea (%) | 2.284 2027 | yearly | 1980 - 2027 |
| Kosovo (%) | 3.500 2027 | yearly | 2001 - 2027 |
| Kuwait (%) | 2.655 2027 | yearly | 1980 - 2027 |
| Kyrgyzstan (%) | 4.041 2027 | yearly | 1993 - 2027 |
| Laos (%) | 4.300 2027 | yearly | 1980 - 2027 |
| Latvia (%) | 3.260 2027 | yearly | 1993 - 2027 |
| Lebanon (%) | -22.000 2020 | yearly | 1980 - 2020 |
| Lesotho (%) | 0.122 2028 | yearly | 1981 - 2028 |
| Liberia (%) | 5.680 2027 | yearly | 2001 - 2027 |
| Libya (%) | 3.588 2027 | yearly | 1980 - 2027 |
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| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -0.4 Mar 2022 | quarterly | Dec 2012 - Mar 2022 |
| Consolidated Fiscal Balance (USD mn) | -15.473 Apr 2022 | monthly | Jan 2012 - Apr 2022 |
| Tax Revenue (USD mn) | 144.737 Apr 2022 | monthly | Jan 2012 - Apr 2022 |
| Tax Revenue: % of GDP (%) | 29.2 Mar 2022 | quarterly | Mar 2012 - Mar 2022 |
| National Government Debt (USD mn) | 4,508.6 Mar 2022 | monthly | Dec 2010 - Mar 2022 |
| Government Debt: % of GDP (%) | 80.3 Mar 2022 | quarterly | Dec 2010 - Mar 2022 |
| Forecast: Government Expenditure (EUR bn) | 3.256 2027 | yearly | 2002 - 2027 |
| Forecast: Government Net Debt (EUR bn) | 6.024 2027 | yearly | 2002 - 2027 |
| Forecast: Government Revenue (EUR bn) | 2.803 2027 | yearly | 2002 - 2027 |
| General Govt Revenue: Cons: Taxes (EUR) | 133,978,505.540 Apr 2022 | monthly | Jan 2012 - Apr 2022 |
| General Government Revenue: Consolidated (EUR) | 181,994,151.280 Apr 2022 | monthly | Jan 2012 - Apr 2022 |
| General Govt Expenditure: Consolidated (EUR) | 196,316,924.420 Apr 2022 | monthly | Jan 2012 - Apr 2022 |
| General Govt Balance: Consolidated: Deficit or Surplus (EUR) | -14,322,773.140 Apr 2022 | monthly | Jan 2012 - Apr 2022 |
| General Govt Revenue: Cons: Taxes: Excises (EUR) | 19,259,652.580 Apr 2022 | monthly | Jan 2012 - Apr 2022 |
| General Govt Expenditure: Cons: ow Current (EUR) | 177,154,655.880 Apr 2022 | monthly | Jan 2012 - Apr 2022 |
| General Govt Revenue: Cons: Taxes: Value Added Tax (EUR) | 73,487,462.640 Apr 2022 | monthly | Jan 2012 - Apr 2022 |
| Gross General Government External Debt (EUR mn) | 3,671.190 Mar 2022 | monthly | Dec 2010 - Mar 2022 |
| Gross General Government Debt (EUR mn) | 4,064.400 Mar 2022 | monthly | Dec 2010 - Mar 2022 |
| Gross General Government Debt: Domestic (EUR mn) | 393.210 Mar 2022 | monthly | Dec 2010 - Mar 2022 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 2.053 2027 | yearly | 2003 - 2027 |
| Trade Balance (USD mn) | -227.3 Apr 2022 | monthly | Jan 2005 - Apr 2022 |
| Total Exports (USD mn) | 60.8 May 2022 | monthly | Jan 2005 - May 2022 |
| Total Exports Growth (%) | 92.4 Apr 2022 | monthly | Jan 2006 - Apr 2022 |
| Aluminum: Exports (USD th) | 64,427.184 2020 | yearly | 2008 - 2020 |
| Exports: Medicament (USD th) | 27,577.528 2020 | yearly | 2008 - 2020 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 35.218 2020 | yearly | 2008 - 2020 |
| Total Imports (USD mn) | 302.4 May 2022 | monthly | Jan 2005 - May 2022 |
| Total Imports Growth (%) | 38.9 May 2022 | monthly | Jan 2006 - May 2022 |
| Imports: Medicament (USD th) | 95,282.144 2020 | yearly | 2008 - 2020 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 37,610.169 2020 | yearly | 2008 - 2020 |
| Total Exports to USA (USD mn) | 0.284 Apr 2022 | monthly | Jan 2010 - Apr 2022 |
| Total Imports from USA (USD mn) | 4.055 May 2022 | monthly | Jan 2006 - May 2022 |
| Total Exports to China (USD mn) | 0.151 May 2022 | monthly | Jan 2010 - May 2022 |
| Total Imports from China (USD mn) | 27.508 May 2022 | monthly | Jan 2006 - May 2022 |
| Exports (EUR th) | 57,558.299 May 2022 | monthly | Jan 2005 - May 2022 |
| Imports (EUR th) | 286,165.952 May 2022 | monthly | Jan 2005 - May 2022 |
| Exports: Machinery & Transport Equipment (EUR th) | 7,342.388 May 2022 | monthly | Mar 2009 - May 2022 |
| Exports: Mineral Fuels, Lubricants & Related Materials (EUR th) | 17,044.429 May 2022 | monthly | Mar 2009 - May 2022 |
| Exports: Crude Materials: excl Fuels (EUR th) | 5,937.972 May 2022 | monthly | Mar 2009 - May 2022 |
| Exports: Manufactured Goods (EUR th) | 17,980.124 May 2022 | monthly | Mar 2009 - May 2022 |
| Exports: Food & Live Animals (EUR th) | 2,443.298 May 2022 | monthly | Mar 2009 - May 2022 |
| Exports: Europe: CEFTA: Serbia (EUR th) | 9,884.829 May 2022 | monthly | Mar 2009 - May 2022 |
| Exports: Europe: EU-28: Slovenia (EUR th) | 7,372.190 May 2022 | monthly | Mar 2009 - May 2022 |
| Imports: Miscellaneous Manufactured Goods (EUR th) | 36,707.423 Apr 2022 | monthly | Mar 2009 - Apr 2022 |
| Imports: Manufactured Goods (EUR th) | 56,212.500 May 2022 | monthly | Mar 2009 - May 2022 |
| Imports: Machinery & Transport Equipment (EUR th) | 58,951.590 May 2022 | monthly | Mar 2009 - May 2022 |
| Imports: Mineral Fuels, Lubricants & Related Materials (EUR th) | 34,295.169 May 2022 | monthly | Mar 2009 - May 2022 |
| Imports: Food & Live Animals (EUR th) | 53,149.186 May 2022 | monthly | Mar 2009 - May 2022 |
| Imports: Europe: CEFTA: Serbia (EUR th) | 52,621.943 May 2022 | monthly | Mar 2009 - May 2022 |
| Imports: Europe: EU-28: Greece (EUR th) | 20,062.891 May 2022 | monthly | Mar 2009 - May 2022 |
| Balance of Payments | Last | Frequency | Range |
|---|---|---|---|
| Direct Investment Abroad (USD mn) | 4.4 Mar 2022 | quarterly | Mar 2005 - Mar 2022 |
| Current Account Balance (USD mn) | -206.3 Mar 2022 | quarterly | Mar 2004 - Mar 2022 |
| Current Account Balance: % of GDP (%) | -17.9 Mar 2022 | quarterly | Mar 2010 - Mar 2022 |
| Foreign Direct Investment (USD mn) | 187.3 Mar 2022 | quarterly | Mar 2005 - Mar 2022 |
| Foreign Direct Investment: % of GDP (%) | 16.3 Mar 2022 | quarterly | Mar 2010 - Mar 2022 |
| Foreign Portfolio Investment (USD mn) | -56.372 Mar 2022 | quarterly | Mar 2005 - Mar 2022 |
| Foreign Portfolio Investment: % of GDP (%) | -4.9 Mar 2022 | quarterly | Mar 2010 - Mar 2022 |
| Foreign Portfolio Investment: Equity Securities (USD mn) | 185.9 Dec 2021 | quarterly | Mar 2007 - Dec 2021 |
| Foreign Portfolio Investment: Debt Securities (USD mn) | 48.822 Dec 2021 | quarterly | Mar 2007 - Dec 2021 |
| External Debt (USD mn) | 9,722.7 2020 | yearly | 2006 - 2020 |
| External Debt: % of GDP (%) | 203.8 2020 | yearly | 2006 - 2020 |
| External Debt: Short Term (USD mn) | 316.3 2020 | yearly | 2007 - 2020 |
| External Debt: Short Term: % of GDP (%) | 6.6 2020 | yearly | 2007 - 2020 |
| Forecast: Current Account Balance (USD bn) | -1.054 2027 | yearly | 2001 - 2027 |
| BoP: Current Account: Goods: Import (EUR th) | 645,611.036 Dec 2018 | quarterly | Mar 2010 - Dec 2018 |
| Balance of Payments (BoP): Current Account and Capital Account (EUR th) | -374,597.413 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 |
| BoP: Current Account: Goods: Export (EUR th) | 120,372.138 Dec 2018 | quarterly | Mar 2010 - Dec 2018 |
| Foreign Direct Investment: Flow: Slovenia (EUR) | 10,149,239.710 2021 | yearly | 2001 - 2021 |
| Foreign Direct Investment: Flow: Italy (EUR) | 89,717,483.530 2021 | yearly | 2001 - 2021 |
| Foreign Direct Investment: Flow: Serbia (EUR) | 75,953,086.230 2021 | yearly | 2002 - 2021 |
| Foreign Direct Investment: Flow: Switzerland (EUR) | 78,865,715.780 2021 | yearly | 2001 - 2021 |
| Foreign Direct Investment: Flow: Russian Federation (EUR) | 164,526,989.970 2021 | yearly | 2001 - 2021 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 6.5 Mar 2022 | monthly | Aug 2010 - Mar 2022 |
| Household Debt: % of GDP (%) | 28.9 Mar 2022 | quarterly | Dec 2010 - Mar 2022 |
| Non-Performing Loans (USD mn) | 248.117 Mar 2022 | monthly | Dec 2010 - Mar 2022 |
| M2 Growth (%) | -3.7 2020 | yearly | 2003 - 2020 |
| Reserve Requirement Ratio (%) | 5.5 Jul 2022 | monthly | Jan 2002 - Jul 2022 |
| Foreign Exchange Reserves (USD mn) | 1,609.0 May 2022 | monthly | Dec 2002 - May 2022 |
| Foreign Exchange Reserves: % of GDP (%) | 29.712 Mar 2022 | quarterly | Dec 2010 - Mar 2022 |
| Foreign Exchange Reserves: Months of Import (NA) | 5.3 May 2022 | monthly | Jan 2005 - May 2022 |
| Gold Reserves (USD mn) | 0.000 May 2022 | monthly | Dec 2002 - May 2022 |
| Total Deposits (USD mn) | 4,713.374 May 2022 | monthly | Jan 2003 - May 2022 |
| Total Deposits Growth (%) | 22.2 May 2022 | monthly | Jan 2004 - May 2022 |
| Domestic Credit (USD mn) | 3,213.3 May 2022 | monthly | Jan 2005 - May 2022 |
| Domestic Credit Growth (%) | 15.6 May 2022 | monthly | Jan 2006 - May 2022 |
| Household Debt (USD mn) | 1,606.4 May 2022 | monthly | Dec 2004 - May 2022 |
| Total Loans (USD mn) | 3,820.826 May 2022 | monthly | Jan 2003 - May 2022 |
| Total Loans Growth (%) | 7.18 May 2022 | monthly | Jan 2004 - May 2022 |
| Private Debt: % of Nominal GDP (%) | 52.83 Mar 2022 | quarterly | Dec 2010 - Mar 2022 |
| Bank Loans: Residents: Households (EUR th) | 1,188,990.000 Jun 2018 | monthly | Jan 2009 - Jun 2018 |
| Bank Loans: Non Performing Loans (EUR th) | 200,600.000 Apr 2018 | monthly | Dec 2010 - Apr 2018 |
| ME: Bank Non-Performing Loans to Total Gross Loans (%) | 7.426 2018 | yearly | 2013 - 2018 |
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