Montenegro Montenegro GDP - Gross Domestic Product

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GDP Montenegro 2023

GDP grows 6% in Montenegro

Gross Domestic Product of Montenegro grew 6% in 2023 compared to last year. This rate is 4 -tenths of one percent less than the figure of 6.4% published in 2022.

The GDP figure in 2023 was €6,847$7,405 million, Montenegro is number 154 in the ranking of GDP of the 196 countries that we publish. The absolute value of GDP in Montenegro rose €923$1,175 million with respect to 2022.

The GDP per capita of Montenegro in 2023 was €11,103$12,007, €1,503$1,905 higher than in 2022, it was €9,600$10,102. To view the evolution of the GDP per capita, it is interesting to look back a few years and compare these data with those of 2013 when the GDP per capita in Montenegro was €5,410$7,189.

If we order the countries according to their GDP per capita, Montenegro is in 76th position of the 196 countries whose GDP we publish.

Here we show you the progression of the GDP in Montenegro. You can see GDP in other countries in GDP and see all the economic information about Montenegro in Montenegro's economy.

Evolution: Annual GDP Montenegro
DateAnnual GDPAnnual GDPGDP Growth (%)
2023€6,847M$7,405M6.0%
2022€5,924M$6,230M6.4%
2021€4,955M$5,865M13.0%
2020€4,186M$4,777M-15.3%
2019€4,951M$5,543M4.1%
2018€4,663M$5,509M5.1%
2017€4,299M$4,855M4.7%
2016€3,954M$4,376M2.9%
2015€3,655M$4,055M3.4%
2014€3,458M$4,595M1.8%
2013€3,363M$4,466M3.5%
2012€3,182M$4,090M-2.7%
2011€3,265M$4,544M3.2%
2010€3,125M$4,146M2.7%
2009€2,994M$4,171M-5.8%
2008€3,103M$4,564M7.2%
2007€2,689M$3,686M6.8%
2006€2,170M$2,724M8.6%
2005€1,815M$2,261M4.2%
2004€1,670M$2,073M4.4%
2003€1,510M$1,681M2.5%
2002€1,360M$1,269M1.9%
2001€1,295M$1,150M11.1%
2000€1,066M$966M3.1%
1999€778M$829M-9.4%
1998€773M$854M4.9%
1997€750M$846M6.6%
1996€672M$874M27.6%
1995€890M$1,215M14.3%
1994€702M$846M1.5%
1993€693M$820M-36.5%
1992€1,183M$1,481M-23.5%
1991€1,488M$1,754M-10.8%
1990€1,774M$2,147M
Evolution: GDP per capita Montenegro
DateGDP per capita GDP per capita GDP P.C. Annual GrowthGDP P.C. Annual Growth
2023€11,103$12,00715.7%18.9%
2022€9,600$10,10220.0%7.1%
2021€8,000$9,43318.7%22.7%
2020€6,740$7,689-15.3%-13.7%
2019€7,960$8,9116.3%0.6%
2018€7,490$8,8558.4%13.5%
2017€6,910$7,8008.8%10.9%
2016€6,350$7,0328.2%7.9%
2015€5,870$6,5175.6%-11.8%
2014€5,560$7,3902.8%2.8%
2013€5,410$7,1895.5%9.1%
2012€5,130$6,591-2.7%-10.1%
2011€5,270$7,3274.4%9.5%
2010€5,050$6,6944.3%-0.8%
2009€4,840$6,746-3.8%-8.8%
2008€5,030$7,39715.1%23.6%
2007€4,370$5,98523.8%35.1%
2006€3,530$4,43019.4%20.4%
2005€2,956$3,6808.8%8.9%
2004€2,718$3,38012.0%23.1%
2003€2,428$2,74610.2%31.9%
2002€2,202$2,0814.2%9.9%
2001€2,114$1,89422.4%18.6%
2000€1,728$1,59734.0%16.2%
1999€1,290$1,3741.8%-1.8%
1998€1,266$1,4002.6%0.6%
1997€1,234$1,39211.2%-3.5%
1996€1,110$1,443-24.8%-28.3%
1995€1,476$2,01433.1%50.7%
1994€1,109$1,336-2.4%-0.6%
1993€1,136$1,344-41.6%-44.8%
1992€1,943$2,434-20.7%-15.8%
1991€2,452$2,889-16.2%-18.4%
1990€2,925$3,541
Evolution: GDP growth rate at constant prices Montenegro
Evolution: GDP per capita Montenegro
GDP Montenegro