GDP Montenegro 2024

GDP grows 3% in Montenegro

Gross Domestic Product of Montenegro grew 3% in 2024 compared to last year. This rate is 33 -tenths of one percent less than the figure of 6.3% published in 2023.

The GDP figure in 2024 was €7,459$8,074 million, Montenegro is number 155 in the ranking of GDP of the 196 countries that we publish. The absolute value of GDP in Montenegro rose €495$542 million with respect to 2023.

The GDP per capita of Montenegro in 2024 was €11,960$12,945, €960$1,050 higher than in 2023, it was €11,000$11,895. 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 2014 when the GDP per capita in Montenegro was €5,560$7,390.

If we order the countries according to their GDP per capita, Montenegro is in 75th 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 (%)
2024€7,459M$8,074M3.0%
2023€6,964M$7,532M6.3%
2022€5,924M$6,243M6.4%
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$838M6.6%
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
2024€11,960$12,9458.7%8.8%
2023€11,000$11,89514.6%17.5%
2022€9,600$10,12320.0%7.3%
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%1.5%
1997€1,234$1,37911.2%-4.4%
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