Montenegro GDP Growth Rate 1998-2024

Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.
  • Montenegro gdp growth rate for 2022 was 6.09%, a 6.95% decline from 2021.
  • Montenegro gdp growth rate for 2021 was 13.04%, a 28.35% increase from 2020.
  • Montenegro gdp growth rate for 2020 was -15.31%, a 19.37% decline from 2019.
  • Montenegro gdp growth rate for 2019 was 4.06%, a 1.02% decline from 2018.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name GDP Growth (%)
Guyana 57.80%
Fiji 16.12%
St. Lucia 15.40%
Armenia 12.60%
Maldives 12.30%
Belize 12.13%
Malaysia 8.69%
Mauritius 8.69%
Colombia 7.50%
Iraq 7.01%
Montenegro 6.09%
Dominica 5.94%
Grenada 5.80%
Botswana 5.78%
Turkey 5.57%
St. Vincent and the Grenadines 4.95%
Dominican Republic 4.86%
Albania 4.84%
Romania 4.79%
Azerbaijan 4.62%
Namibia 4.56%
Costa Rica 4.31%
Jamaica 4.20%
Guatemala 4.12%
Bosnia 3.90%
Bulgaria 3.36%
Kazakhstan 3.20%
Equatorial Guinea 3.15%
Algeria 3.10%
Mexico 3.06%
Gabon 3.04%
China 2.99%
Ecuador 2.95%
Brazil 2.90%
Iran 2.75%
Peru 2.68%
Thailand 2.59%
Jordan 2.50%
Nauru 2.36%
Serbia 2.25%
North Macedonia 2.15%
South Africa 2.04%
Suriname 1.89%
Marshall Islands 1.50%
Tuvalu 0.68%
Paraguay 0.08%
Libya -1.24%
Russia -2.07%
Belarus -4.70%
Samoa -6.02%
Montenegro GDP Growth Rate - Historical Data
Year GDP Growth (%) Annual Change
2022 6.09% -6.95%
2021 13.04% 28.35%
2020 -15.31% -19.37%
2019 4.06% -1.02%
2018 5.08% 0.36%
2017 4.72% 1.77%
2016 2.95% -0.44%
2015 3.39% 1.61%
2014 1.78% -1.77%
2013 3.55% 6.27%
2012 -2.72% -5.95%
2011 3.23% 0.49%
2010 2.73% 8.53%
2009 -5.80% -13.02%
2008 7.22% 0.41%
2007 6.81% -1.76%
2006 8.57% 4.39%
2005 4.18% -0.25%
2004 4.43% 1.94%
2003 2.48% 0.58%
2002 1.90% 0.80%
2001 1.10% -2.00%
2000 3.10% 12.50%
1999 -9.40% -14.30%
1998 4.90% -14.30%