Montenegro Real GDP Growth

2011 - 2020 | Quarterly | % | Statistical Office of Montenegro

The Gross Domestic Product (GDP) in Montenegro contracted 26.9 % YoY in Sep 2020, following a negative growth of 20.3 % in the previous quarter. Real GDP Growth YoY data in Montenegro is updated quarterly, available from Mar 2011 to Sep 2020, with an average rate of 3.2 %. The data reached an all-time high of 5.9 % in Sep 2011 and a record low of -26.9 % in Sep 2020. The Statistical Office of Montenegro provides quarterly Real GDP Growth based on ESA 2010.

In the latest reports, Nominal GDP of Montenegro reached 1.4 USD bn in Sep 2020. Its GDP deflator (implicit price deflator) increased 0.8 % in Sep 2020. GDP Per Capita in Montenegro reached 8,911.0 USD in Dec 2019. Its Gross Savings Rate was measured at 6.9 % in Sep 2020. For Nominal GDP contributions, Investment accounted for 33.5 % in Sep 2020. Public Consumption accounted for 19.6 % in Sep 2020. Private Consumption accounted for 73.5 % in Sep 2020.

View Montenegro's Real GDP Growth from Mar 2011 to Sep 2020 in the chart:

Montenegro Real GDP Growth

What was Montenegro's Real GDP Growth in Sep 2020?

Last Previous Min Max Unit Frequency Range
-26.9 Sep 2020 -20.3 Jun 2020 -26.9 Sep 2020 5.9 Sep 2011 % quarterly Mar 2011 - Sep 2020

Real GDP Growth by Country Comparison

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country/region Last Frequency Range
Albania (%) -3.5 Sep 2020 quarterly Mar 2010 - Sep 2020
Algeria (%) -3.9 Mar 2020 quarterly Mar 2012 - Mar 2020
Argentina (%) -10.1 Sep 2020 quarterly Mar 2005 - Sep 2020
Armenia (%) -9.1 Sep 2020 quarterly Mar 2001 - Sep 2020
Australia (%) -3.8 Sep 2020 quarterly Sep 1960 - Sep 2020
Austria (%) -4.2 Sep 2020 quarterly Mar 1989 - Sep 2020
Azerbaijan (%) 0.2 Mar 2020 quarterly Mar 2001 - Mar 2020
Bahrain (%) -6.8 Sep 2020 quarterly Mar 2009 - Sep 2020
Bangladesh (%) 5.2 2020 yearly 2007 - 2020
Belarus (%) -0.2 Sep 2020 quarterly Mar 2006 - Sep 2020
Belgium (%) -5.1 Dec 2020 quarterly Mar 1996 - Dec 2020
Bolivia (%) -21.7 Jun 2020 quarterly Mar 1991 - Jun 2020
Bosnia and Herzegovina (%) -6.3 Sep 2020 quarterly Mar 2009 - Sep 2020
Botswana (%) -5.9 Sep 2020 quarterly Mar 1995 - Sep 2020
Brazil (%) -3.9 Sep 2020 quarterly Mar 1997 - Sep 2020
Brunei (%) 0.5 Sep 2020 quarterly Mar 2005 - Sep 2020
Bulgaria (%) -5.2 Sep 2020 quarterly Mar 1996 - Sep 2020
Cambodia (%) 7.1 2019 yearly 1994 - 2019
Canada (%) -5.2 Sep 2020 quarterly Mar 1962 - Sep 2020
Chile (%) -10.3 Sep 2020 quarterly Mar 1987 - Sep 2020
China (%) 6.5 Dec 2020 quarterly Mar 1992 - Dec 2020
Colombia (%) -9.5 Sep 2020 quarterly Mar 2001 - Sep 2020
Croatia (%) -10.0 Sep 2020 quarterly Mar 1996 - Sep 2020
Cyprus (%) -4.4 Sep 2020 quarterly Mar 1996 - Sep 2020
Czech Republic (%) -5.0 Sep 2020 quarterly Mar 1996 - Sep 2020
Denmark (%) -3.7 Sep 2020 quarterly Mar 1992 - Sep 2020
Ecuador (%) -8.8 Sep 2020 quarterly Mar 1994 - Sep 2020
Egypt (%) -1.7 Jun 2020 quarterly Sep 2002 - Jun 2020
Estonia (%) -2.7 Sep 2020 quarterly Mar 1996 - Sep 2020
European Union (%) -4.8 Dec 2020 quarterly Mar 1996 - Dec 2020
Finland (%) -3.0 Sep 2020 quarterly Mar 1976 - Sep 2020
France (%) -5.0 Dec 2020 quarterly Mar 1950 - Dec 2020
Georgia (%) -5.6 Sep 2020 quarterly Mar 1998 - Sep 2020
Germany (%) -3.6 Dec 2020 quarterly Mar 1992 - Dec 2020
Ghana (%) -0.3 Sep 2020 quarterly Jun 2006 - Sep 2020
Greece (%) -11.7 Sep 2020 quarterly Mar 1996 - Sep 2020
Hong Kong SAR, China (%) -3.4 Sep 2020 quarterly Mar 1991 - Sep 2020
Hungary (%) -4.6 Sep 2020 quarterly Mar 1996 - Sep 2020
Iceland (%) -6.7 Sep 2020 quarterly Mar 1996 - Sep 2020
India (%) -7.5 Sep 2020 quarterly Jun 2005 - Sep 2020
Indonesia (%) -2.2 Dec 2020 quarterly Mar 1994 - Dec 2020
Iran (%) -2.8 Jun 2020 quarterly Jun 1989 - Jun 2020
Ireland (%) 8.1 Sep 2020 quarterly Mar 1996 - Sep 2020
Israel (%) -1.1 Sep 2020 quarterly Mar 1996 - Sep 2020
Italy (%) -6.6 Dec 2020 quarterly Mar 1982 - Dec 2020
Ivory Coast (%) 7.4 2018 yearly 1966 - 2018
Japan (%) -5.7 Sep 2020 quarterly Mar 1956 - Sep 2020
Jordan (%) -2.2 Sep 2020 quarterly Mar 1993 - Sep 2020
Kazakhstan (%) -4.9 Sep 2020 quarterly Mar 2006 - Sep 2020
Kenya (%) -1.9 Sep 2020 quarterly Mar 2010 - Sep 2020
South Korea (%) -1.3 Dec 2020 quarterly Mar 1961 - Dec 2020
Kosovo (%) -7.3 Sep 2020 quarterly Mar 2011 - Sep 2020
Kuwait (%) -2.5 Mar 2020 quarterly Jun 2010 - Mar 2020
Kyrgyzstan (%) -6.0 Sep 2020 quarterly Mar 2007 - Sep 2020
Laos (%) 5.5 2019 yearly 2003 - 2019
Latvia (%) -1.7 Dec 2020 quarterly Mar 1996 - Dec 2020
Lebanon (%) -1.9 2018 yearly 2005 - 2018
Lithuania (%) -1.3 Dec 2020 quarterly Jun 1995 - Dec 2020
Luxembourg (%) 0.5 Sep 2020 quarterly Mar 1996 - Sep 2020
Macau SAR, China (%) -63.8 Sep 2020 quarterly Mar 2002 - Sep 2020
North Macedonia (%) -3.3 Sep 2020 quarterly Mar 2001 - Sep 2020
Malawi (%) 4.0 2018 yearly 2003 - 2018
Malaysia (%) -2.7 Sep 2020 quarterly Mar 2001 - Sep 2020
Malta (%) -9.9 Sep 2020 quarterly Mar 2001 - Sep 2020
Mauritius (%) -32.5 Jun 2020 quarterly Mar 2001 - Jun 2020
Mexico (%) -4.6 Dec 2020 quarterly Mar 1981 - Dec 2020
Moldova (%) 0.9 Sep 2020 quarterly Mar 1996 - Sep 2020
Mongolia (%) -3.1 Sep 2020 quarterly Mar 2011 - Sep 2020
Montenegro (%) -26.9 Sep 2020 quarterly Mar 2011 - Sep 2020
Morocco (%) -7.2 Sep 2020 quarterly Mar 2008 - Sep 2020
Mozambique (%) 2.0 Dec 2018 quarterly Jun 2007 - Dec 2018
Myanmar (%) 6.8 2019 yearly 2011 - 2019
Nepal (%) -2.7 Mar 2020 quarterly Dec 2004 - Mar 2020
Netherlands (%) -2.5 Sep 2020 quarterly Mar 1997 - Sep 2020
New Zealand (%) 3.9 Sep 2020 quarterly Jun 1983 - Sep 2020
Nigeria (%) -3.6 Sep 2020 quarterly Mar 2011 - Sep 2020
Norway (%) -0.1 Sep 2020 quarterly Mar 1979 - Sep 2020
Oman (%) -0.8 2019 yearly 1999 - 2019
Pakistan (%) 0.5 2020 yearly 2001 - 2020
Palestinian Territory (%) 11.8 Sep 2020 quarterly Jun 2011 - Sep 2020
Panama (%) -23.6 Sep 2020 quarterly Mar 2008 - Sep 2020
Paraguay (%) -1.2 Sep 2020 quarterly Mar 1995 - Sep 2020
Peru (%) -9.4 Sep 2020 quarterly Mar 1981 - Sep 2020
Philippines (%) -8.4 Dec 2020 quarterly Mar 1999 - Dec 2020
Poland (%) -1.8 Sep 2020 quarterly Mar 1996 - Sep 2020
Portugal (%) 1.8 Jun 2019 quarterly Mar 1996 - Jun 2019
Qatar (%) -4.5 Sep 2020 quarterly Mar 2012 - Sep 2020
Romania (%) -5.7 Sep 2020 quarterly Mar 1996 - Sep 2020
Russia (%) -3.0 Sep 2020 quarterly Mar 1996 - Sep 2020
Saudi Arabia (%) -4.6 Sep 2020 quarterly Mar 2011 - Sep 2020
Serbia (%) 4.5 Sep 2019 quarterly Mar 1997 - Sep 2019
Singapore (%) -3.8 Dec 2020 quarterly Mar 1976 - Dec 2020
Slovakia (%) -2.3 Sep 2020 quarterly Mar 1994 - Sep 2020
Slovenia (%) -2.9 Sep 2020 quarterly Mar 1996 - Sep 2020
South Africa (%) -6.1 Sep 2020 quarterly Mar 1961 - Sep 2020
Spain (%) -9.1 Dec 2020 quarterly Mar 1996 - Dec 2020
Sri Lanka (%) 1.5 Sep 2020 quarterly Mar 2011 - Sep 2020
Sudan (%) -1.3 2019 yearly 1983 - 2019
Sweden (%) -2.6 Dec 2020 quarterly Mar 1982 - Dec 2020
Switzerland (%) -1.7 Sep 2020 quarterly Mar 1966 - Sep 2020

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Montenegro Key Series

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Includes 232 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 (%) -11.6 Sep 2020 quarterly Dec 2012 - Sep 2020
Consolidated Fiscal Balance (USD mn) -27.483 Dec 2020 monthly Jan 2012 - Dec 2020
Tax Revenue (USD mn) 107.508 Dec 2020 monthly Jan 2012 - Dec 2020
Tax Revenue: % of GDP (%) 19.9 Sep 2020 quarterly Mar 2012 - Sep 2020
National Government Debt (USD mn) 4,291.0 Sep 2020 monthly Dec 2010 - Sep 2020
Government Debt: % of GDP (%) 85.4 Sep 2020 quarterly Dec 2010 - Sep 2020
Forecast: Government Expenditure (EUR bn) 2.454 2025 yearly 2002 - 2025
Forecast: Government Net Debt (EUR bn) 4.499 2025 yearly 2002 - 2025
Forecast: Government Revenue (EUR bn) 2.367 2025 yearly 2002 - 2025
General Government Revenue: Consolidated (EUR) 182,722,164.940 Dec 2020 monthly Jan 2012 - Dec 2020
General Govt Revenue: Cons: Taxes (EUR) 88,352,824.490 Dec 2020 monthly Jan 2012 - Dec 2020
General Govt Expenditure: Consolidated (EUR) 205,308,165.970 Dec 2020 monthly Jan 2012 - Dec 2020
General Govt Expenditure: Cons: ow Current (EUR) 178,466,070.640 Dec 2020 monthly Jan 2012 - Dec 2020
General Govt Revenue: Cons: Taxes: Value Added Tax (EUR) 47,614,560.320 Dec 2020 monthly Jan 2012 - Dec 2020
General Govt Revenue: Cons: Taxes: Excises (EUR) 18,798,010.520 Dec 2020 monthly Jan 2012 - Dec 2020
General Govt Balance: Consolidated: Deficit or Surplus (EUR) -22,586,001.030 Dec 2020 monthly Jan 2012 - Dec 2020
Gross General Government Debt (EUR mn) 3,660.310 Sep 2020 monthly Dec 2010 - Sep 2020
Gross General Government Debt: Domestic (EUR mn) 570.500 Sep 2020 monthly Dec 2010 - Sep 2020
Gross General Government External Debt (EUR mn) 3,089.810 Sep 2020 monthly Dec 2010 - Sep 2020
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 2.672 2025 yearly 2003 - 2025
Trade Balance (USD mn) -168.8 Dec 2020 monthly Jan 2005 - Dec 2020
Total Exports (USD mn) 50.6 Dec 2020 monthly Jan 2005 - Dec 2020
Total Exports Growth (%) -1.0 Dec 2020 monthly Jan 2006 - Dec 2020
Aluminum: Exports (USD th) 95,025.924 2019 yearly 1995 - 2019
Exports: Medicament (USD th) 23,555.099 2019 yearly 2008 - 2019
Exports: Medicinal and Pharmaceutical Product (USD th) 92.622 2019 yearly 2008 - 2019
Total Imports (USD mn) 219.4 Dec 2020 monthly Jan 2005 - Dec 2020
Total Imports Growth (%) -16.9 Dec 2020 monthly Jan 2006 - Dec 2020
Imports: Medicament (USD th) 72,478.965 2019 yearly 2008 - 2019
Imports: Medicinal and Pharmaceutical Product (USD th) 25,841.048 2019 yearly 2008 - 2019
Total Exports to USA (USD mn) 0.558 Dec 2020 monthly Jan 2010 - Dec 2020
Total Imports from USA (USD mn) 5.556 Oct 2020 monthly Jan 2006 - Oct 2020
Total Exports to China (USD mn) 3.043 Dec 2020 monthly Jan 2010 - Dec 2020
Total Imports from China (USD mn) 23.430 Dec 2020 monthly Jan 2006 - Dec 2020
Exports (EUR th) 41,608.958 Dec 2020 monthly Jan 2005 - Dec 2020
Imports (EUR th) 180,313.641 Dec 2020 monthly Jan 2005 - Dec 2020
Exports: Food & Live Animals (EUR th) 2,580.909 Dec 2020 monthly Mar 2009 - Dec 2020
Exports: Crude Materials: excl Fuels (EUR th) 7,807.595 Dec 2020 monthly Mar 2009 - Dec 2020
Exports: Mineral Fuels, Lubricants & Related Materials (EUR th) 8,792.466 Dec 2020 monthly Mar 2009 - Dec 2020
Exports: Manufactured Goods (EUR th) 7,168.178 Dec 2020 monthly Mar 2009 - Dec 2020
Exports: Machinery & Transport Equipment (EUR th) 4,327.134 Dec 2020 monthly Mar 2009 - Dec 2020
Exports: Europe: EU-28: Slovenia (EUR th) 2,820.058 Jan 2021 monthly Mar 2009 - Jan 2021
Exports: Europe: CEFTA: Serbia (EUR th) 6,050.255 Jan 2021 monthly Mar 2009 - Jan 2021
Imports: Miscellaneous Manufactured Goods (EUR th) 21,721.369 Dec 2020 monthly Mar 2009 - Dec 2020
Imports: Food & Live Animals (EUR th) 35,796.531 Dec 2020 monthly Mar 2009 - Dec 2020
Imports: Mineral Fuels, Lubricants & Related Materials (EUR th) 13,649.997 Dec 2020 monthly Mar 2009 - Dec 2020
Imports: Manufactured Goods (EUR th) 30,177.988 Dec 2020 monthly Mar 2009 - Dec 2020
Imports: Machinery & Transport Equipment (EUR th) 43,764.960 Dec 2020 monthly Mar 2009 - Dec 2020
Imports: Europe: EU-28: Greece (EUR th) 2,751.577 Jan 2021 monthly Mar 2009 - Jan 2021
Imports: Europe: CEFTA: Serbia (EUR th) 20,536.881 Jan 2021 monthly Mar 2009 - Jan 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 7.6 Dec 2020 quarterly Mar 2005 - Dec 2020
Current Account Balance (USD mn) -271.0 Dec 2020 quarterly Mar 2004 - Dec 2020
Current Account Balance: % of GDP (%) -17.9 Sep 2020 quarterly Mar 2010 - Sep 2020
Foreign Direct Investment (USD mn) 153.1 Dec 2020 quarterly Mar 2005 - Dec 2020
Foreign Direct Investment: % of GDP (%) 6.6 Sep 2020 quarterly Mar 2010 - Sep 2020
Foreign Portfolio Investment: Equity Securities (USD mn) 48.2 Sep 2020 quarterly Mar 2007 - Sep 2020
Foreign Portfolio Investment (USD mn) 820.470 Dec 2020 quarterly Mar 2005 - Dec 2020
Foreign Portfolio Investment: % of GDP (%) -1.3 Sep 2020 quarterly Mar 2010 - Sep 2020
Foreign Portfolio Investment: Debt Securities (USD mn) 45.833 Sep 2020 quarterly Mar 2007 - Sep 2020
External Debt (USD mn) 8,339.4 2019 yearly 2006 - 2019
External Debt: % of GDP (%) 150.5 2019 yearly 2006 - 2019
External Debt: Short Term (USD mn) 277.2 2019 yearly 2007 - 2019
External Debt: Short Term: % of GDP (%) 5.0 2019 yearly 2007 - 2019
Forecast: Current Account Balance (USD bn) -0.636 2025 yearly 2001 - 2025
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) 9,930,593.940 2020 yearly 2001 - 2020
Foreign Direct Investment: Flow: Switzerland (EUR) 63,220,823.800 2020 yearly 2001 - 2020
Foreign Direct Investment: Flow: Italy (EUR) 45,311,055.580 2020 yearly 2001 - 2020
Foreign Direct Investment: Flow: Russian Federation (EUR) 98,964,516.900 2020 yearly 2001 - 2020
Foreign Direct Investment: Flow: Serbia (EUR) 27,876,358.180 2020 yearly 2002 - 2020
Monetary Last Frequency Range
Household Debt: % of GDP (%) 32.6 Sep 2020 quarterly Dec 2010 - Sep 2020
Non Performing Loans Ratio (%) 5.7 Oct 2020 monthly Aug 2010 - Oct 2020
Non-Performing Loans (USD mn) 212.558 Oct 2020 monthly Dec 2010 - Oct 2020
M2 Growth (%) -1.7 2019 yearly 2003 - 2019
Reserve Requirement Ratio (%) 7.5 Feb 2021 monthly Jan 2002 - Feb 2021
Foreign Exchange Reserves (USD mn) 2,087.5 Dec 2020 monthly Dec 2002 - Dec 2020
Foreign Exchange Reserves: % of GDP (%) 24.920 Sep 2020 quarterly Dec 2010 - Sep 2020
Foreign Exchange Reserves: Months of Import (NA) 9.5 Dec 2020 monthly Jan 2005 - Dec 2020
Gold Reserves (USD mn) 0.000 Dec 2020 monthly Dec 2002 - Dec 2020
Total Deposits (USD mn) 4,097.362 Jan 2021 monthly Jan 2003 - Jan 2021
Total Deposits Growth (%) -2.2 Jan 2021 monthly Jan 2004 - Jan 2021
Domestic Credit (USD mn) 2,601.2 Jan 2021 monthly Jan 2005 - Jan 2021
Domestic Credit Growth (%) -12.7 Jan 2021 monthly Jan 2006 - Jan 2021
Household Debt (USD mn) 1,691.6 Jan 2021 monthly Dec 2004 - Jan 2021
Total Loans (USD mn) 3,880.392 Jan 2021 monthly Jan 2003 - Jan 2021
Total Loans Growth (%) 7.32 Oct 2020 monthly Jan 2004 - Oct 2020
Private Debt: % of Nominal GDP (%) 58.26 Sep 2020 quarterly Dec 2010 - Sep 2020
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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