GDP at market prices (constant 2010 US$), annual growth rate in Montenegro
Montenegro: GDP at market prices (constant 2010 US$), annual growth rate was 3.04 % change on previous year in 2024. ◆ Volatile
GDP at market prices (constant 2010 US$), annual growth rate in Montenegro, 1998–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, gdp at market prices (constant 2010 us$), annual growth rate in Montenegro stood at 3.04 % change on previous year.
Compared with earlier readings it is down 52.0% on the previous year and up 70.4% over ten years.
Over the whole period, gdp at market prices (constant 2010 us$), annual growth rate in Montenegro peaked at 13.04 % change on previous year in 2021 and was at its lowest, -15.31 % change on previous year, in 2020.
That places Montenegro 109th out of 208 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
GDP at market prices (constant 2010 US$), annual growth rate in Montenegro, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1998 | 4.9 % change on previous year | — |
| 1999 | -9.4 % change on previous year | -291.8% |
| 2000 | 3.1 % change on previous year | -133.0% |
| 2001 | 1.1 % change on previous year | -64.5% |
| 2002 | 1.9 % change on previous year | +73.2% |
| 2003 | 2.48 % change on previous year | +30.4% |
| 2004 | 4.43 % change on previous year | +78.3% |
| 2005 | 4.18 % change on previous year | -5.5% |
| 2006 | 8.57 % change on previous year | +104.9% |
| 2007 | 6.81 % change on previous year | -20.5% |
| 2008 | 7.22 % change on previous year | +6.1% |
| 2009 | -5.8 % change on previous year | -180.2% |
| 2010 | 2.73 % change on previous year | -147.2% |
| 2011 | 3.23 % change on previous year | +18.1% |
| 2012 | -2.72 % change on previous year | -184.4% |
| 2013 | 3.55 % change on previous year | -230.3% |
| 2014 | 1.78 % change on previous year | -49.7% |
| 2015 | 3.39 % change on previous year | +90.1% |
| 2016 | 2.95 % change on previous year | -13.0% |
| 2017 | 4.72 % change on previous year | +59.9% |
| 2018 | 5.08 % change on previous year | +7.7% |
| 2019 | 4.06 % change on previous year | -20.0% |
| 2020 | -15.31 % change on previous year | -476.7% |
| 2021 | 13.04 % change on previous year | -185.2% |
| 2022 | 6.41 % change on previous year | -50.9% |
| 2023 | 6.34 % change on previous year | -1.1% |
| 2024 | 3.04 % change on previous year | -52.0% |
Montenegro compared with similar countries
- Montenegro's 3.04 % change on previous year is below the median for upper middle income countries, which is 3.34 % change on previous year, 91% of the median. (58 countries reporting)
- Montenegro's 3.04 % change on previous year is above the median for Europe & Central Asia, which is 2.38 % change on previous year, 1.3× the median. (54 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -2.25 % change on previous year | -9.4 % change on previous year | 4.9 % change on previous year | 2 |
| 2000s | 3.4 % change on previous year | -5.8 % change on previous year | 8.57 % change on previous year | 10 |
| 2010s | 2.88 % change on previous year | -2.72 % change on previous year | 5.08 % change on previous year | 10 |
| 2020s | 2.7 % change on previous year | -15.31 % change on previous year | 13.04 % change on previous year | 5 |
Countries ranked near Montenegro
- 106 Turkey 3.18 % change on previous year compare
- 107 Spain 3.15 % change on previous year compare
- 108 Uruguay 3.11 % change on previous year compare
- 110 Iran 3.04 % change on previous year compare
- 111 Bahrain 3.02 % change on previous year compare
- 112 French Polynesia 3 % change on previous year compare
More population data for Montenegro
- Population regions with projections, annual growth rate -1.13 % change on previous year (2100)
- Urban and rural population 2050, annual growth rate -0.7975 % change on previous year (2050)
- Population long run with projections, annual growth rate -1.13 % change on previous year (2100)
- Un population 2024 vs 2022, annual growth rate -0.7672 % change on previous year (2100)
- Africa's Development Dynamics (AfDD) Table 05 - Demographic estimates 586.38 Persons (2050)
- Africa's Development Dynamics (AfDD) Table 03 - Annual population -0.1561 Percent per annum (2030)
- Projected population under age 5, annual growth rate -1.2 % change on previous year (2100)
- World population growth -1.1% (2100)
- Population density 24.24 people per km² (2100)
- Number of children under 5, by world region 12,323 people (2100)
Frequently asked questions
- What is gdp at market prices (constant 2010 us$), annual growth rate in Montenegro?
- Gdp at market prices (constant 2010 us$), annual growth rate in Montenegro was 3.04 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gdp at market prices (constant 2010 us$), annual growth rate recorded in Montenegro?
- The highest recorded value was 13.04 % change on previous year in 2021.
- What is the lowest gdp at market prices (constant 2010 us$), annual growth rate recorded in Montenegro?
- The lowest recorded value was -15.31 % change on previous year in 2020.
- How does Montenegro rank for gdp at market prices (constant 2010 us$), annual growth rate?
- Montenegro ranks 109th out of 208 countries with data for 2024.
- Is gdp at market prices (constant 2010 us$), annual growth rate rising or falling in Montenegro?
- Over the last ten years it is up 70.4%. The long-run trend across the full record is volatile.
- Where does this Montenegro data come from?
- The figures come from Statizoid (derived), published as part of GDP at market prices (constant 2010 US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
The year-on-year percentage change in GDP at market prices (constant 2010 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- GDP at market prices UNESCO Institute for Statistics
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in GDP at market prices (constant 2010 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.