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
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| country/region | Last | Frequency | Range |
|---|---|---|---|
| Afghanistan (%) | -2.351 2020 | yearly | 2003 - 2020 |
| Albania (%) | 3.400 2028 | yearly | 1980 - 2028 |
| Algeria (%) | 1.782 2028 | yearly | 1980 - 2028 |
| Andorra (%) | 1.500 2028 | yearly | 2001 - 2028 |
| 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 (%) | 1.100 2028 | yearly | 1987 - 2028 |
| 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 (%) | 3.877 2028 | yearly | 1980 - 2028 |
| 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 (%) | 1.669 2028 | yearly | 1980 - 2028 |
| 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 (%) | 2.862 2028 | yearly | 1980 - 2028 |
| 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 (%) | 1.246 2028 | yearly | 1980 - 2028 |
| 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 (%) | 2.329 2028 | yearly | 1980 - 2028 |
| 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 (%) | 3.500 2028 | yearly | 2001 - 2028 |
| 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 (%) | 1.084 2029 | yearly | 1981 - 2029 |
| Liberia (%) | 5.680 2027 | yearly | 2001 - 2027 |
| Libya (%) | 3.588 2027 | yearly | 1980 - 2027 |
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Includes 161 key indicators for Montenegro, curated by CEIC analysts. Instant access to full history data in excel.
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -2.8 Mar 2023 | quarterly | Dec 2012 - Mar 2023 |
| Consolidated Fiscal Balance (USD mn) | -18.215 Jul 2023 | monthly | Jan 2012 - Jul 2023 |
| Tax Revenue (USD mn) | 158.940 Jul 2023 | monthly | Jan 2012 - Jul 2023 |
| Tax Revenue: % of GDP (%) | 26.9 Jun 2023 | quarterly | Mar 2012 - Jun 2023 |
| National Government Debt (USD mn) | 4,394.7 Jun 2023 | monthly | Dec 2010 - Jun 2023 |
| Government Debt: % of GDP (%) | 68.2 Mar 2023 | quarterly | Dec 2010 - Mar 2023 |
| Forecast: Government Expenditure (EUR bn) | 3.932 2028 | yearly | 2002 - 2028 |
| Forecast: Government Net Debt (EUR bn) | 6.446 2028 | yearly | 2002 - 2028 |
| Forecast: Government Revenue (EUR bn) | 3.415 2028 | yearly | 2002 - 2028 |
| General Government Revenue: Consolidated (EUR) | 207,776,455.470 Jul 2023 | monthly | Jan 2012 - Jul 2023 |
| General Govt Revenue: Cons: Taxes: Excises (EUR) | 34,815,701.960 Jul 2023 | monthly | Jan 2012 - Jul 2023 |
| General Govt Balance: Consolidated: Deficit or Surplus (EUR) | -16,458,864.520 Jul 2023 | monthly | Jan 2012 - Jul 2023 |
| General Govt Revenue: Cons: Taxes: Value Added Tax (EUR) | 92,697,116.170 Jul 2023 | monthly | Jan 2012 - Jul 2023 |
| General Govt Expenditure: Consolidated (EUR) | 224,235,319.990 Jul 2023 | monthly | Jan 2012 - Jul 2023 |
| General Govt Expenditure: Cons: ow Current (EUR) | 208,102,325.430 Jul 2023 | monthly | Jan 2012 - Jul 2023 |
| General Govt Revenue: Cons: Taxes (EUR) | 143,616,587.010 Jul 2023 | monthly | Jan 2012 - Jul 2023 |
| Gross General Government Debt: Domestic (EUR mn) | 382.470 Jun 2022 | monthly | Dec 2010 - Jun 2022 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 1.534 2028 | yearly | 2003 - 2028 |
| Trade Balance (USD mn) | -324.8 Jul 2023 | monthly | Jan 2005 - Jul 2023 |
| Total Exports (USD mn) | 45.4 Jul 2023 | monthly | Jan 2005 - Jul 2023 |
| Total Exports Growth (%) | -7.4 Jul 2023 | monthly | Jan 2006 - Jul 2023 |
| Aluminum: Exports (USD th) | 180,096.808 2022 | yearly | 2008 - 2022 |
| Exports: Medicament (USD th) | 34,801.190 2022 | yearly | 2008 - 2022 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 28.151 2022 | yearly | 2008 - 2022 |
| Total Imports (USD mn) | 370.3 Jul 2023 | monthly | Jan 2005 - Jul 2023 |
| Total Imports Growth (%) | 6.2 Jul 2023 | monthly | Jan 2006 - Jul 2023 |
| Imports: Medicament (USD th) | 116,265.339 2022 | yearly | 2008 - 2022 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 45,821.508 2022 | yearly | 2008 - 2022 |
| Total Exports to USA (USD mn) | 1.177 Jul 2023 | monthly | Jan 2010 - Jul 2023 |
| Total Imports from USA (USD mn) | 2.751 Jul 2023 | monthly | Jan 2006 - Jul 2023 |
| Total Exports to China (USD mn) | 0.076 Jul 2023 | monthly | Jan 2010 - Jul 2023 |
| Total Imports from China (USD mn) | 45.221 Jul 2023 | monthly | Jan 2006 - Jul 2023 |
| Exports (EUR th) | 41,054.060 Jul 2023 | monthly | Jan 2005 - Jul 2023 |
| Exports: Mineral Fuels, Lubricants & Related Materials (EUR th) | 8,621.655 Jul 2023 | monthly | Mar 2009 - Jul 2023 |
| Exports: Machinery & Transport Equipment (EUR th) | 3,464.849 Jul 2023 | monthly | Mar 2009 - Jul 2023 |
| Exports: Manufactured Goods (EUR th) | 8,945.643 Jul 2023 | monthly | Mar 2009 - Jul 2023 |
| Exports: Food & Live Animals (EUR th) | 4,141.095 Jul 2023 | monthly | Mar 2009 - Jul 2023 |
| Exports: Crude Materials: excl Fuels (EUR th) | 7,422.609 Jul 2023 | monthly | Mar 2009 - Jul 2023 |
| Exports: Europe: EU-28: Slovenia (EUR th) | 2,514.405 Jul 2023 | monthly | Mar 2009 - Jul 2023 |
| Exports: Europe: CEFTA: Serbia (EUR th) | 10,587.288 Jul 2023 | monthly | Mar 2009 - Jul 2023 |
| Imports: Food & Live Animals (EUR th) | 73,030.155 Jul 2023 | monthly | Mar 2009 - Jul 2023 |
| Imports: Miscellaneous Manufactured Goods (EUR th) | 44,969.856 Jul 2023 | monthly | Mar 2009 - Jul 2023 |
| Imports: Manufactured Goods (EUR th) | 47,102.764 Jul 2023 | monthly | Mar 2009 - Jul 2023 |
| Imports: Machinery & Transport Equipment (EUR th) | 76,817.552 Jul 2023 | monthly | Mar 2009 - Jul 2023 |
| Imports (EUR th) | 334,560.616 Jul 2023 | monthly | Jan 2005 - Jul 2023 |
| Imports: Mineral Fuels, Lubricants & Related Materials (EUR th) | 35,449.367 Jul 2023 | monthly | Mar 2009 - Jul 2023 |
| Imports: Europe: CEFTA: Serbia (EUR th) | 64,535.159 Jul 2023 | monthly | Mar 2009 - Jul 2023 |
| Imports: Europe: EU-28: Greece (EUR th) | 26,303.897 Jul 2023 | monthly | Mar 2009 - Jul 2023 |
| Balance of Payments | Last | Frequency | Range |
|---|---|---|---|
| Direct Investment Abroad (USD mn) | -1.2 Jun 2023 | quarterly | Mar 2005 - Jun 2023 |
| Current Account Balance (USD mn) | -278.9 Mar 2023 | quarterly | Mar 2004 - Mar 2023 |
| Current Account Balance: % of GDP (%) | -21.4 Mar 2023 | quarterly | Mar 2010 - Mar 2023 |
| Foreign Direct Investment (USD mn) | 161.3 Jun 2023 | quarterly | Mar 2005 - Jun 2023 |
| Foreign Direct Investment: % of GDP (%) | 13.0 Dec 2022 | quarterly | Mar 2010 - Dec 2022 |
| Foreign Portfolio Investment (USD mn) | 5.858 Jun 2023 | quarterly | Mar 2005 - Jun 2023 |
| Foreign Portfolio Investment: % of GDP (%) | 0.6 Dec 2022 | quarterly | Mar 2010 - Dec 2022 |
| Foreign Portfolio Investment: Equity Securities (USD mn) | 161.1 Dec 2022 | quarterly | Mar 2007 - Dec 2022 |
| Foreign Portfolio Investment: Debt Securities (USD mn) | 49.201 Mar 2023 | quarterly | Mar 2007 - Mar 2023 |
| External Debt (USD mn) | 10,552.3 2021 | yearly | 2006 - 2021 |
| External Debt: % of GDP (%) | 180.1 2021 | yearly | 2006 - 2021 |
| External Debt: Short Term (USD mn) | 386.4 2021 | yearly | 2007 - 2021 |
| External Debt: Short Term: % of GDP (%) | 6.6 2021 | yearly | 2007 - 2021 |
| Forecast: Current Account Balance (USD bn) | -1.145 2028 | yearly | 2001 - 2028 |
| 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 |
| Balance of Payments (BoP): Current Account and Capital Account (EUR th) | -374,597.413 Dec 2018 | quarterly | Mar 2010 - Dec 2018 |
| Gross General Government External Debt (EUR mn) | 3,613.400 Jun 2023 | monthly | Dec 2010 - Jun 2023 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 5.6 Feb 2023 | monthly | Aug 2010 - Feb 2023 |
| Household Debt: % of GDP (%) | 26.4 Mar 2023 | quarterly | Dec 2010 - Mar 2023 |
| Non-Performing Loans (USD mn) | 218.559 Nov 2022 | monthly | Dec 2010 - Nov 2022 |
| M2 Growth (%) | 22.9 2022 | yearly | 2003 - 2022 |
| Reserve Requirement Ratio (%) | 5.5 May 2023 | monthly | Jan 2002 - May 2023 |
| Foreign Exchange Reserves (USD mn) | 1,607.6 Jul 2023 | monthly | Dec 2002 - Jul 2023 |
| Foreign Exchange Reserves: % of GDP (%) | 31.744 Dec 2022 | quarterly | Dec 2010 - Dec 2022 |
| Foreign Exchange Reserves: Months of Import (NA) | 4.3 Jul 2023 | monthly | Jan 2005 - Jul 2023 |
| Gold Reserves (USD mn) | 0.000 Jul 2023 | monthly | Dec 2002 - Jul 2023 |
| Total Deposits (USD mn) | 5,950.271 Jul 2023 | monthly | Jan 2003 - Jul 2023 |
| Total Deposits Growth (%) | 17.1 Jul 2023 | monthly | Jan 2004 - Jul 2023 |
| Domestic Credit (USD mn) | 3,647.3 Jul 2023 | monthly | Jan 2005 - Jul 2023 |
| Domestic Credit Growth (%) | 9.4 Jul 2023 | monthly | Jan 2006 - Jul 2023 |
| Household Debt (USD mn) | 1,791.7 Jul 2023 | monthly | Dec 2004 - Jul 2023 |
| Total Loans (USD mn) | 4,415.333 Jul 2023 | monthly | Jan 2003 - Jul 2023 |
| Total Loans Growth (%) | 12.34 Jul 2023 | monthly | Jan 2004 - Jul 2023 |
| Private Debt: % of Nominal GDP (%) | 47.60 Mar 2023 | quarterly | Dec 2010 - Mar 2023 |
| 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 |
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