[ Nominal GDP in billions of USD ]
Year -
$8.27 billions
Montenegro GDP expanded from 1997 to 2024, increasing from $0.84 billion to $8.27 billion.The compound annual growth rate (CAGR) averaged 8.84% over the period. The economy recorded its peak level in 2024 and its lowest level in 1999. Growth volatility remained high. The maximum drawdown reached 13.87%, indicating the largest cyclical decline from peak levels. The country experienced 5 recession episode(s) during the observed period.
| Metric | Nominal GDP (Current USD) | GDP (PPP, Int$) |
|---|---|---|
| Latest Year | 2024 | 2024 |
| Latest GDP | $ 8.27 Billions | $ 21.34 Int Billions |
| Growth (YoY) | 8.184% | 10.178% |
| Net Change vs Previous Year | $ 0.63 Billion | $ 1.97 Int Billion |
| % of World GDP | 0.01% | 0.01% |
| Meaning | Nominal GDP (Current USD, exchange-rate based) | GDP (PPP, cost-of-living adjusted) |
| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | - | - | - | - | - | - |
| 1961 | - | - | - | - | - | - |
| 1962 | - | - | - | - | - | - |
| 1963 | - | - | - | - | - | - |
| 1964 | - | - | - | - | - | - |
| 1965 | - | - | - | - | - | - |
| 1966 | - | - | - | - | - | - |
| 1967 | - | - | - | - | - | - |
| 1968 | - | - | - | - | - | - |
| 1969 | - | - | - | - | - | - |
| 1970 | - | - | - | - | - | - |
| 1971 | - | - | - | - | - | - |
| 1972 | - | - | - | - | - | - |
| 1973 | - | - | - | - | - | - |
| 1974 | - | - | - | - | - | - |
| 1975 | - | - | - | - | - | - |
| 1976 | - | - | - | - | - | - |
| 1977 | - | - | - | - | - | - |
| 1978 | - | - | - | - | - | - |
| 1979 | - | - | - | - | - | - |
| 1980 | - | - | - | - | - | - |
| 1981 | - | - | - | - | - | - |
| 1982 | - | - | - | - | - | - |
| 1983 | - | - | - | - | - | - |
| 1984 | - | - | - | - | - | - |
| 1985 | - | - | - | - | - | - |
| 1986 | - | - | - | - | - | - |
| 1987 | - | - | - | - | - | - |
| 1988 | - | - | - | - | - | - |
| 1989 | - | - | - | - | - | - |
| 1990 | - | - | - | - | - | - |
| 1991 | - | - | - | - | - | - |
| 1992 | - | - | - | - | - | - |
| 1993 | - | - | - | - | - | - |
| 1994 | - | - | - | - | - | - |
| 1995 | - | - | - | - | - | - |
| 1996 | - | - | - | - | - | - |
| 1997 | 0.84 | - | - | 3.53 | - | - |
| 1998 | 0.85 | 0.02 | 1.905 % | 3.75 | 0.21 | 6.079 % |
| 1999 | 0.83 | -0.03 | -2.963 % | 3.44 | -0.3 | -8.118 % |
| 2000 | 0.98 | 0.16 | 18.74 % | 3.63 | 0.19 | 5.435 % |
| 2001 | 1.16 | 0.18 | 17.838 % | 4.11 | 0.48 | 13.278 % |
| 2002 | 1.28 | 0.12 | 10.761 % | 4.33 | 0.22 | 5.265 % |
| 2003 | 1.71 | 0.42 | 32.928 % | 4.49 | 0.16 | 3.807 % |
| 2004 | 2.07 | 0.37 | 21.404 % | 4.81 | 0.32 | 7.017 % |
| 2005 | 2.26 | 0.18 | 8.872 % | 5.11 | 0.3 | 6.165 % |
| 2006 | 2.72 | 0.46 | 20.403 % | 6.42 | 1.32 | 25.763 % |
| 2007 | 3.68 | 0.96 | 35.332 % | 7.67 | 1.25 | 19.415 % |
| 2008 | 4.54 | 0.86 | 23.463 % | 8.52 | 0.85 | 11.032 % |
| 2009 | 4.14 | -0.4 | -8.77 % | 8.02 | -0.5 | -5.829 % |
| 2010 | 4.14 | -0.01 | -0.138 % | 8.43 | 0.41 | 5.16 % |
| 2011 | 4.51 | 0.37 | 8.948 % | 8.9 | 0.47 | 5.545 % |
| 2012 | 4.07 | -0.44 | -9.658 % | 8.57 | -0.33 | -3.702 % |
| 2013 | 4.42 | 0.35 | 8.602 % | 9.15 | 0.58 | 6.723 % |
| 2014 | 4.58 | 0.16 | 3.563 % | 9.53 | 0.38 | 4.168 % |
| 2015 | 4.01 | -0.57 | -12.419 % | 10.05 | 0.53 | 5.521 % |
| 2016 | 4.36 | 0.35 | 8.641 % | 11.27 | 1.22 | 12.139 % |
| 2017 | 4.8 | 0.45 | 10.247 % | 12.12 | 0.84 | 7.467 % |
| 2018 | 5.43 | 0.63 | 13.104 % | 13.21 | 1.09 | 9 % |
| 2019 | 5.48 | 0.05 | 0.92 % | 14.86 | 1.65 | 12.492 % |
| 2020 | 4.72 | -0.76 | -13.858 % | 12.92 | -1.93 | -13.017 % |
| 2021 | 5.82 | 1.1 | 23.291 % | 14.81 | 1.88 | 14.58 % |
| 2022 | 6.25 | 0.43 | 7.341 % | 17.27 | 2.46 | 16.619 % |
| 2023 | 7.64 | 1.39 | 22.286 % | 19.37 | 2.1 | 12.165 % |
| 2024 | 8.27 | 0.63 | 8.184 % | 21.34 | 1.97 | 10.178 % |
Between 1997 to 2024, Montenegro experienced the following economic phases:
The most remarkable growth occurred in 2007 with an increase of 35.332%, while the largest decline was in 2020 at -13.858%.