Montenegro Nominal GDP Growth

2011 - 2023 | Quarterly | % | CEIC Data

Key information about Montenegro Nominal GDP Growth

  • Montenegro Nominal GDP Growth was reported at 16.198 % in Sep 2023.
  • This records a decrease from the previous number of 18.679 % for Jun 2023.
  • Montenegro Nominal GDP Growth data is updated quarterly, averaging 6.614 % from Mar 2011 to Sep 2023, with 51 observations.
  • The data reached an all-time high of 32.039 % in Sep 2021 and a record low of -26.456 % in Sep 2020.
  • Montenegro Nominal GDP Growth data remains active status in CEIC and is reported by CEIC Data.
  • The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Y-o-Y Growth: Quarterly.

CEIC calculates quarterly Nominal GDP Growth from quarterly Nominal GDP. The Statistical Office of Montenegro provides Nominal GDP in EUR.

View Montenegro's Nominal GDP Growth from Mar 2011 to Sep 2023 in the chart:

Montenegro Nominal GDP Growth

What was Montenegro's Nominal GDP Growth in Sep 2023?

Montenegro Nominal GDP Growth was reported at 16.198 % in Sep 2023. See the table below for more data.

Last Previous Min Max Unit Frequency Range
16.198 Sep 2023 18.679 Jun 2023 -26.456 Sep 2020 32.039 Sep 2021 % quarterly Mar 2011 - Sep 2023

Nominal GDP Growth by Country Comparison

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Includes Nominal GDP Growth on 114 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (%) 8.629 Jun 2023 quarterly Mar 2009 - Jun 2023
Algeria (%) 9.089 Mar 2023 quarterly Mar 2000 - Mar 2023
Argentina (%) 130.642 Sep 2023 quarterly Mar 1994 - Sep 2023
Armenia (%) 9.822 Dec 2023 quarterly Dec 1995 - Dec 2023
Australia (%) 3.629 Jun 2023 quarterly Sep 1960 - Jun 2023
Austria (%) 6.545 Jun 2023 quarterly Mar 1996 - Jun 2023
Azerbaijan (%) -12.187 Sep 2023 quarterly Mar 2002 - Sep 2023
Bahrain (%) 1.243 Sep 2023 quarterly Mar 2008 - Sep 2023
Bangladesh (%) 12.507 2022 yearly 2007 - 2022
Belarus (%) 11.754 Sep 2023 quarterly Mar 1995 - Sep 2023
Belgium (%) 3.901 Dec 2023 quarterly Mar 1981 - Dec 2023
Bolivia (%) 0.912 Sep 2023 quarterly Mar 1991 - Sep 2023
Bosnia and Herzegovina (%) 4.974 Sep 2023 quarterly Mar 2009 - Sep 2023
Botswana (%) 8.493 Jun 2023 quarterly Sep 1994 - Jun 2023
Brazil (%) 7.628 Dec 2023 quarterly Mar 1991 - Dec 2023
Brunei (%) -13.343 Sep 2023 quarterly Mar 2005 - Sep 2023
Bulgaria (%) 3.453 Dec 2023 quarterly Mar 1996 - Dec 2023
Cambodia (%) 9.523 2022 yearly 1994 - 2022
Canada (%) 3.973 Dec 2023 quarterly Mar 1958 - Dec 2023
Chile (%) 5.389 Sep 2023 quarterly Mar 1991 - Sep 2023
China (%) 4.162 Dec 2023 quarterly Mar 1993 - Dec 2023
Colombia (%) 4.957 Dec 2023 quarterly Mar 2001 - Dec 2023
Croatia (%) 8.099 Dec 2023 quarterly Mar 1996 - Dec 2023
Cyprus (%) 6.785 Dec 2023 quarterly Mar 1996 - Dec 2023
Czech Republic (%) 5.774 Dec 2023 quarterly Mar 1996 - Dec 2023
Denmark (%) -0.670 Dec 2023 quarterly Mar 1991 - Dec 2023
Ecuador (%) 1.013 Sep 2023 quarterly Mar 1992 - Sep 2023
Egypt (%) 32.213 Jun 2023 quarterly Sep 2002 - Jun 2023
Estonia (%) 2.955 Dec 2023 quarterly Mar 1996 - Dec 2023
European Union (%) 5.818 Sep 2023 quarterly Mar 1996 - Sep 2023
Finland (%) 4.091 Sep 2023 quarterly Mar 1991 - Sep 2023
France (%) 5.671 Dec 2023 quarterly Mar 1950 - Dec 2023
Georgia (%) 8.630 Sep 2023 quarterly Mar 1997 - Sep 2023
Germany (%) 6.266 Dec 2023 quarterly Mar 1961 - Dec 2023
Ghana (%) 39.349 Sep 2023 quarterly Mar 2007 - Sep 2023
Greece (%) 8.290 Jun 2023 quarterly Mar 1996 - Jun 2023
Hong Kong SAR, China (%) 8.548 Dec 2023 quarterly Mar 1974 - Dec 2023
Hungary (%) 13.263 Dec 2023 quarterly Mar 1996 - Dec 2023
Iceland (%) 6.613 Dec 2023 quarterly Mar 1996 - Dec 2023
India (%) 10.075 Dec 2023 quarterly Jun 1997 - Dec 2023
Indonesia (%) 3.671 Dec 2023 quarterly Mar 1994 - Dec 2023
Iran (%) 40.397 Jun 2023 quarterly Jun 1989 - Jun 2023
Ireland (%) -5.150 Dec 2023 quarterly Mar 1996 - Dec 2023
Israel (%) 0.307 Dec 2023 quarterly Mar 1996 - Dec 2023
Italy (%) 4.615 Dec 2023 quarterly Mar 1981 - Dec 2023
Ivory Coast (%) 681.695 Mar 2023 quarterly Mar 1998 - Mar 2023
Japan (%) 5.076 Dec 2023 quarterly Mar 1981 - Dec 2023
Jordan (%) 4.394 Sep 2023 quarterly Mar 1993 - Sep 2023
Kazakhstan (%) 11.192 Sep 2023 quarterly Mar 1995 - Sep 2023
Kenya (%) 11.651 Mar 2023 quarterly Mar 2010 - Mar 2023
South Korea (%) 5.780 Dec 2023 quarterly Mar 1961 - Dec 2023
Kosovo (%) 7.976 Sep 2023 quarterly Mar 2011 - Sep 2023
Kuwait (%) -11.726 Sep 2023 quarterly Mar 2011 - Sep 2023
Kyrgyzstan (%) 33.304 Dec 2023 quarterly Mar 2001 - Dec 2023
Laos (%) 16.562 2022 yearly 1985 - 2022
Latvia (%) 5.716 Jun 2023 quarterly Mar 1996 - Jun 2023
Lebanon (%) 19.333 2020 yearly 1998 - 2020
Lithuania (%) 5.166 Dec 2023 quarterly Mar 1996 - Dec 2023
Luxembourg (%) 4.329 Jun 2023 quarterly Mar 1996 - Jun 2023
Macau SAR, China (%) 99.802 Dec 2023 quarterly Mar 1999 - Dec 2023
North Macedonia (%) 8.636 Jun 2023 quarterly Mar 2001 - Jun 2023
Malawi (%) 10.386 2021 yearly 2003 - 2021
Malaysia (%) 1.911 Dec 2023 quarterly Mar 1992 - Dec 2023
Malta (%) 9.267 Dec 2023 quarterly Mar 2001 - Dec 2023
Mauritius (%) 10.787 Sep 2023 quarterly Mar 2000 - Sep 2023
Mexico (%) 8.034 Dec 2023 quarterly Mar 1994 - Dec 2023
Moldova (%) 4.255 Sep 2023 quarterly Mar 1996 - Sep 2023
Mongolia (%) 24.672 Dec 2023 quarterly Mar 2001 - Dec 2023
Montenegro (%) 16.198 Sep 2023 quarterly Mar 2011 - Sep 2023
Morocco (%) 6.831 Jun 2023 quarterly Mar 2008 - Jun 2023
Mozambique (%) 11.040 2022 yearly 1964 - 2022
Nepal (%) 13.427 2022 yearly 2002 - 2022
Netherlands (%) 6.139 Dec 2023 quarterly Mar 1989 - Dec 2023
New Zealand (%) 5.704 Sep 2023 quarterly Jun 1988 - Sep 2023
Nigeria (%) 16.080 Sep 2023 quarterly Mar 2011 - Sep 2023
Norway (%) -3.659 Dec 2023 quarterly Mar 1979 - Dec 2023
Oman (%) -10.834 Jun 2023 quarterly Mar 2006 - Jun 2023
Pakistan (%) 19.992 2022 yearly 2001 - 2022
Palestinian Territory (%) -2.412 Sep 2023 quarterly Mar 2001 - Sep 2023
Panama (%) 9.468 Sep 2023 quarterly Mar 2008 - Sep 2023
Paraguay (%) 4.829 Sep 2023 quarterly Mar 1995 - Sep 2023
Peru (%) 5.953 Dec 2022 quarterly Mar 1991 - Dec 2022
Philippines (%) 9.285 Dec 2023 quarterly Mar 1982 - Dec 2023
Poland (%) 6.938 Dec 2023 quarterly Mar 1996 - Dec 2023
Portugal (%) 10.841 Dec 2022 quarterly Mar 1996 - Dec 2022
Qatar (%) -15.018 Jun 2023 quarterly Mar 2012 - Jun 2023
Romania (%) 12.252 Sep 2023 quarterly Mar 1996 - Sep 2023
Russia (%) 15.443 Sep 2023 quarterly Mar 1994 - Sep 2023
Saudi Arabia (%) -10.363 Jun 2023 quarterly Mar 2004 - Jun 2023
Serbia (%) 12.351 Jun 2023 quarterly Mar 1996 - Jun 2023
Singapore (%) 2.511 Dec 2023 quarterly Mar 1976 - Dec 2023
Slovakia (%) 11.238 Jun 2023 quarterly Mar 1996 - Jun 2023
Slovenia (%) 9.157 Sep 2023 quarterly Mar 1996 - Sep 2023
South Africa (%) 3.976 Sep 2023 quarterly Mar 1961 - Sep 2023
Spain (%) 7.162 Dec 2023 quarterly Mar 1971 - Dec 2023
Sri Lanka (%) 4.863 Sep 2023 quarterly Mar 2003 - Sep 2023
Sudan (%) 103.797 2020 yearly 1961 - 2020
Sweden (%) 3.373 Dec 2023 quarterly Mar 1981 - Dec 2023
Switzerland (%) 4.113 Dec 2022 quarterly Mar 1981 - Dec 2022
Syria (%) 50.215 2021 yearly 1971 - 2021

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Montenegro Key Series

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Includes 163 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 (%) -0.5 Sep 2023 quarterly Dec 2012 - Sep 2023
Consolidated Fiscal Balance (USD mn) -158.147 Dec 2023 monthly Jan 2012 - Dec 2023
Tax Revenue (USD mn) 149.467 Dec 2023 monthly Jan 2012 - Dec 2023
Tax Revenue: % of GDP (%) 21.4 Sep 2023 quarterly Mar 2012 - Sep 2023
National Government Debt (USD mn) 4,219.6 Sep 2023 monthly Dec 2010 - Sep 2023
Government Debt: % of GDP (%) 59.7 Sep 2023 quarterly Dec 2010 - Sep 2023
Forecast: Government Expenditure (EUR bn) 3.984 2028 yearly 2002 - 2028
Forecast: Government Net Debt (EUR bn) 6.698 2028 yearly 2002 - 2028
Forecast: Government Revenue (EUR bn) 3.392 2028 yearly 2002 - 2028
General Govt Revenue: Cons: Taxes: Excises (EUR) 28,494,203.900 Dec 2023 monthly Jan 2012 - Dec 2023
General Govt Revenue: Cons: Taxes: Value Added Tax (EUR) 87,929,424.080 Dec 2023 monthly Jan 2012 - Dec 2023
General Govt Expenditure: Consolidated (EUR) 400,948,545.750 Dec 2023 monthly Jan 2012 - Dec 2023
General Govt Expenditure: Cons: ow Current (EUR) 321,973,336.150 Dec 2023 monthly Jan 2012 - Dec 2023
General Government Revenue: Consolidated (EUR) 255,979,035.020 Dec 2023 monthly Jan 2012 - Dec 2023
General Govt Balance: Consolidated: Deficit or Surplus (EUR) -144,969,510.730 Dec 2023 monthly Jan 2012 - Dec 2023
General Govt Revenue: Cons: Taxes (EUR) 137,012,115.600 Dec 2023 monthly Jan 2012 - Dec 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) -280.4 Dec 2023 monthly Jan 2005 - Dec 2023
Total Exports (USD mn) 42.2 Sep 2023 monthly Jan 2005 - Sep 2023
Total Exports Growth (%) -25.3 Dec 2023 monthly Jan 2006 - Dec 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) 368.3 Sep 2023 monthly Jan 2005 - Sep 2023
Total Imports Growth (%) 7.0 Dec 2023 monthly Jan 2006 - Dec 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) 0.756 Sep 2023 monthly Jan 2010 - Sep 2023
Total Imports from USA (USD mn) 4.456 Dec 2023 monthly Jan 2006 - Dec 2023
Total Exports to China (USD mn) 0.064 Sep 2023 monthly Jan 2010 - Sep 2023
Total Imports from China (USD mn) 40.025 Dec 2023 monthly Jan 2006 - Dec 2023
Exports (EUR th) 39,512.254 Sep 2023 monthly Jan 2005 - Sep 2023
Exports: Manufactured Goods (EUR th) 4,621.309 Sep 2023 monthly Mar 2009 - Sep 2023
Exports: Mineral Fuels, Lubricants & Related Materials (EUR th) 9,039.979 Sep 2023 monthly Mar 2009 - Sep 2023
Exports: Machinery & Transport Equipment (EUR th) 2,755.089 Sep 2023 monthly Mar 2009 - Sep 2023
Exports: Food & Live Animals (EUR th) 4,132.036 Sep 2023 monthly Mar 2009 - Sep 2023
Exports: Crude Materials: excl Fuels (EUR th) 9,271.644 Sep 2023 monthly Mar 2009 - Sep 2023
Exports: Europe: CEFTA: Serbia (EUR th) 11,608.897 Sep 2023 monthly Mar 2009 - Sep 2023
Exports: Europe: EU-28: Slovenia (EUR th) 3,055.071 Sep 2023 monthly Mar 2009 - Sep 2023
Imports: Miscellaneous Manufactured Goods (EUR th) 49,978.003 Sep 2023 monthly Mar 2009 - Sep 2023
Imports (EUR th) 345,099.221 Sep 2023 monthly Jan 2005 - Sep 2023
Imports: Food & Live Animals (EUR th) 63,956.749 Sep 2023 monthly Mar 2009 - Sep 2023
Imports: Machinery & Transport Equipment (EUR th) 72,725.624 Sep 2023 monthly Mar 2009 - Sep 2023
Imports: Mineral Fuels, Lubricants & Related Materials (EUR th) 49,674.082 Sep 2023 monthly Mar 2009 - Sep 2023
Imports: Manufactured Goods (EUR th) 58,372.312 Sep 2023 monthly Mar 2009 - Sep 2023
Imports: Europe: CEFTA: Serbia (EUR th) 56,453.887 Sep 2023 monthly Mar 2009 - Sep 2023
Imports: Europe: EU-28: Greece (EUR th) 22,544.386 Sep 2023 monthly Mar 2009 - Sep 2023
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 27.0 Dec 2023 quarterly Mar 2005 - Dec 2023
Current Account Balance (USD mn) -278.9 Mar 2023 quarterly Mar 2004 - Mar 2023
Current Account Balance: % of GDP (%) 8.9 Sep 2023 quarterly Mar 2010 - Sep 2023
Foreign Direct Investment (USD mn) 150.7 Dec 2023 quarterly Mar 2005 - Dec 2023
Foreign Direct Investment: % of GDP (%) 3.6 Sep 2023 quarterly Mar 2010 - Sep 2023
Foreign Portfolio Investment (USD mn) 2.789 Dec 2023 quarterly Mar 2005 - Dec 2023
Foreign Portfolio Investment: % of GDP (%) -0.3 Sep 2023 quarterly Mar 2010 - Sep 2023
Foreign Portfolio Investment: Equity Securities (USD mn) 119.2 Dec 2023 quarterly Mar 2007 - Dec 2023
Foreign Portfolio Investment: Debt Securities (USD mn) 31.320 Dec 2023 quarterly Mar 2007 - Dec 2023
External Debt (USD mn) 8,815.2 2022 yearly 2006 - 2022
External Debt: % of GDP (%) 141.5 2022 yearly 2006 - 2022
External Debt: Short Term (USD mn) 198.7 2022 yearly 2007 - 2022
External Debt: Short Term: % of GDP (%) 3.2 2022 yearly 2007 - 2022
Forecast: Current Account Balance (USD bn) -1.297 2028 yearly 2001 - 2028
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
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 (%) 5.2 Jul 2023 monthly Aug 2010 - Jul 2023
Household Debt: % of GDP (%) 24.7 Sep 2023 quarterly Dec 2010 - Sep 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 Dec 2023 monthly Jan 2002 - Dec 2023
Foreign Exchange Reserves (USD mn) 1,457.9 Dec 2023 monthly Dec 2002 - Dec 2023
Foreign Exchange Reserves: % of GDP (%) 22.477 Sep 2023 quarterly Dec 2010 - Sep 2023
Foreign Exchange Reserves: Months of Import (NA) 4.5 Aug 2023 monthly Jan 2005 - Aug 2023
Gold Reserves (USD mn) 0.000 Dec 2023 monthly Dec 2002 - Dec 2023
Total Deposits (USD mn) 5,855.433 Jan 2024 monthly Jan 2003 - Jan 2024
Total Deposits Growth (%) 3.6 Jan 2024 monthly Jan 2004 - Jan 2024
Domestic Credit (USD mn) 3,822.0 Jan 2024 monthly Jan 2005 - Jan 2024
Domestic Credit Growth (%) 7.1 Jan 2024 monthly Jan 2006 - Jan 2024
Household Debt (USD mn) 1,869.3 Dec 2023 monthly Dec 2004 - Dec 2023
Total Loans (USD mn) 4,530.112 Dec 2023 monthly Jan 2003 - Dec 2023
Total Loans Growth (%) 11.89 Dec 2023 monthly Jan 2004 - Dec 2023
Private Debt: % of Nominal GDP (%) 43.36 Sep 2023 quarterly Dec 2010 - Sep 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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