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COUNTRY OUTLOOK / ME

Montenegro

Foreign currency no independent policy rate · ISO:ME

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Separate policy frameworkTarget · 31 Oct 2026Issued · 15 Sep 2026, 02:54 UTCRESEARCH ONLY
CapitalPodgorica
RegionEurope & Central Asia
Income groupUpper middle income
CurrencyEuro
GDP$9.23B2025 · current US$
Real GDP growth2.74%2025 · annual %
Population623.13K2025 · people
GDP per capita$14,816.842025 · current US$

Latest available annual observations; years differ by indicator. Monetary values use the stated current-price basis and are not forecasts. World Bank data fetched 2026-09-15.

Economic structure

2025 · share of GDP

Broad sectors use the latest common year. Manufacturing is included in industry. Shares can total less than 100% because of taxes and accounting adjustments.

Montenegro's largest reported broad sector is services in 2025.

Monetary & research context

Policy authorityISO:ME
Policy frameworkforeign currency no independent policy rate
Native targetcurrency anchor policy context
Decision evidence0
Calendar evidence0
Communication records0

Evidence counts include research inputs; they do not establish live coverage or independent observations. A country's economic composition is descriptive and does not establish what caused a model forecast.

Country events & results ↗

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Real GDP growth

2.74% · 2025 · annual %

Real GDP growth · annual %-14.99%-0.97%13.05%2014: 2.37030892464516 annual %2015: 2.52306333975571 annual %2016: 3.4393056210999 annual %2017: 3.21668504736274 annual %2018: 4.73292113433965 annual %2019: 4.39391565821528 annual %2020: -14.9926187023533 annual %2021: 13.0462607426359 annual %2022: 7.73954689516201 annual %2023: 6.47836283518564 annual %2024: 3.16409886329913 annual %2025: 2.74455354258522 annual %20142025
View annual observations
YearValue (annual %)
20252.745
20243.164
20236.478
20227.740
202113.046
2020-14.993
20194.394
20184.733
20173.217
20163.439
20152.523
20142.370
World Bank source & definition ↗

Economy

GDP$9.23B2025 · current US$Source & definition ↗
Real GDP growth2.74%2025 · annual %Source & definition ↗
GDP per capita$14,816.842025 · current US$Source & definition ↗
GDP at purchasing power parityInt$ 22.07B2025 · current international $Source & definition ↗

People

Population623.13K2025 · peopleSource & definition ↗
Population growth-0.06%2025 · annual %Source & definition ↗
Urban population65.61%2025 · % of populationSource & definition ↗
Life expectancy77.892024 · yearsSource & definition ↗
Unemployment · ILO estimate13.57%2025 · % of labor forceSource & definition ↗
Labor force participation · ages 15+57.97%2025 · % of population ages 15+Source & definition ↗

Sectors

Agriculture, forestry & fishing3.37%2025 · % of GDPSource & definition ↗
Industry including construction11.25%2025 · % of GDPSource & definition ↗
Services63.38%2025 · % of GDPSource & definition ↗
Manufacturing3.33%2024 · % of GDPSource & definition ↗

Trade & investment

Exports of goods & services40.06%2025 · % of GDPSource & definition ↗
Imports of goods & services65.71%2025 · % of GDPSource & definition ↗
Current account balance-20.38%2025 · % of GDPSource & definition ↗
Foreign direct investment · net inflows7.32%2025 · % of GDPSource & definition ↗

Money & public finance

Consumer inflation3.90%2025 · annual %Source & definition ↗
Central government debtNot available% of GDP
Tax revenueNot available% of GDP
Government cash surplus / deficitNot available% of GDP
Domestic credit to private sector45.27%2024 · % of GDPSource & definition ↗
Total reserves including gold$2.2B2025 · current US$Source & definition ↗

Infrastructure

Internet use88.88%2024 · % of populationSource & definition ↗
Access to electricity100.00%2024 · % of populationSource & definition ↗

Geography

Surface area13,8882023 · square kmSource & definition ↗

Government debt covers central government, which can differ substantially from general-government debt. Indicator definitions, estimation methods and coverage differ. Latest available does not mean current-year: older observations remain explicitly dated. Source: World Bank WDI and its underlying contributors.

i

Every forecast has a boundary.This is a dated research snapshot, not an automatically updating market feed. Source gaps, model limitations, and adverse results are retained.

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