GDP growth in Montenegro

Montenegro: GDP growth was 3.0% in 2024. β—† Volatile

Latest (2024)
3.0%
Change on year
down 52.0%
World rank
111th
of 212 countries
All-time high
13.0%
in 2021
All-time low
-15.3%
in 2020
Years of data
27
1998–2024

GDP growth in Montenegro, 1998–2024

-20-100101998201120241998: 4.9 annual %1999: -9.4 annual %2000: 3.1 annual %2001: 1.1 annual %2002: 1.9 annual %2003: 2.5 annual %2004: 4.4 annual %2005: 4.2 annual %2006: 8.6 annual %2007: 6.8 annual %2008: 7.2 annual %2009: -5.8 annual %2010: 2.7 annual %2011: 3.2 annual %2012: -2.7 annual %2013: 3.5 annual %2014: 1.8 annual %2015: 3.4 annual %2016: 2.9 annual %2017: 4.7 annual %2018: 5.1 annual %2019: 4.1 annual %2020: -15.3 annual %2021: 13 annual %2022: 6.4 annual %2023: 6.3 annual %2024: 3 annual %

Source: UNESCO Institute for Statistics. Measured in annual %.

Analysis

The most recent figure for gdp growth in Montenegro is 3.0%, measured in 2024.

Compared with earlier readings it is down 52.0% on the previous year and up 70.5% over ten years.

Over the whole period, gdp growth in Montenegro peaked at 13.0% in 2021 and was at its lowest, -15.3%, in 2020.

Montenegro ranks 111th of 212 countries on this measure, in the middle of the range.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest Years
1990s -2.2% -9.4% 4.9% 2
2000s 3.4% -5.8% 8.6% 10
2010s 2.9% -2.7% 5.1% 10
2020s 2.7% -15.3% 13.0% 5

Countries ranked near Montenegro

  1. 108 TΓΌrkiye 3.2% compare
  2. 109 Spain 3.2% compare
  3. 110 Uruguay 3.1% compare
  4. 112 Iran 3.0% compare
  5. 113 Bahrain 3.0% compare
  6. 114 French Polynesia 3.0% compare

See the full ranking of 212 places β†’

More population data for Montenegro

All data for Montenegro β†’

Frequently asked questions

What is gdp growth in Montenegro?
Gdp growth in Montenegro was 3.0% in 2024, according to UNESCO Institute for Statistics.
What is the highest gdp growth recorded in Montenegro?
The highest recorded value was 13.0% in 2021.
What is the lowest gdp growth recorded in Montenegro?
The lowest recorded value was -15.3% in 2020.
How does Montenegro rank for gdp growth?
Montenegro ranks 111th out of 212 countries with data for 2024.
Is gdp growth rising or falling in Montenegro?
Over the last ten years it is up 70.5%. The long-run trend across the full record is volatile.
Where does this Montenegro data come from?
The figures come from UNESCO Institute for Statistics, published as part of GDP growth (annual %). Statizoid updates them automatically from the source API.

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GDP growth in Montenegro. Statizoid, drawing on UNESCO Institute for Statistics. Retrieved 18 August 2026, from https://population.statizoid.com/stat/gdp-growth-annual-percent-3/montenegro/

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About this data

Indicator
GDP growth (annual %)
Unit
annual %
Source
UNESCO Institute for Statistics
Licence
CC BY-SA 3.0 IGO (UNESCO Institute for Statistics)
Coverage
212 places, 10,140 data points, 1970–2024
Last refreshed

February 2026 Data Release