Montenegro's gross domestic product shrank by a record 20.2 percent year-on-year in the second quarter of 2020, following a 2.7 percent growth in the previous period, as the coronavirus crisis hit activity and demand.
GDP Annual Growth Rate in Montenegro averaged 2.70 percent from 2001 until 2020, reaching an all time high of 18.20 percent in the first quarter of 2007 and a record low of -20.20 percent in the second quarter of 2020. This page provides the latest reported value for - Montenegro GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Montenegro GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.
GDP Annual Growth Rate in Montenegro is expected to be -12.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Montenegro to stand at 16.00 in 12 months time. In the long-term, the Montenegro GDP Annual Growth Rate is projected to trend around 5.80 percent in 2021 and 3.00 percent in 2022, according to our econometric models.