Montenegro's GDP grew 3.1 percent year-on-year in the fourth quarter of 2019, slowing from a 4.7 percent expansion in the previous period.
GDP Annual Growth Rate in Montenegro averaged 2.92 percent from 2001 until 2019, reaching an all time high of 10.70 percent in the fourth quarter of 2007 and a record low of -5.70 percent in the fourth quarter of 2009. 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 June of 2020.
GDP Annual Growth Rate in Montenegro is expected to be -6.50 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 1.70 in 12 months time. In the long-term, the Montenegro GDP Annual Growth Rate is projected to trend around 2.00 percent in 2021 and 2.90 percent in 2022, according to our econometric models.