Montenegro's GDP changed from approximately $966M in 2000 to $8B 10M in 2024, showing an overall 729.3% sharply increased during the period.
The lowest GDP was recorded in 2000 at $966M, and the highest in 2024 at $8B 10M.
Over the 24-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 9.2%.
For comparison, the average annual growth rate of Serbia was 9.3%, and that of Croatia was 17.1%.
Montenegro GDP from 2000 to 2024
The total market value of goods and services produced annually in Montenegro.
Overview of Montenegro's GDP (2000–2024)
The Gross Domestic Product (GDP) of Montenegro recorded a 729.3% sharply increased from 2000 to 2024.
The average GDP during this period was $4B 121M, and the median was $4B 376M.
GDP fluctuated within a range of $7B 44M, with a standard deviation of $1B 846M.
The average annual change was $236M 640K.
Highest and Lowest GDP Records
- Lowest GDP: 2000, $966M
- Highest GDP: 2024, $8B 10M
- Most Recent GDP: 2024, $8B 10M
Notable Annual GDP Changes
- 2023: Significant increase in GDP
- 2020: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and Montenegro's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $5B 543M → $4B 777M
- Outcome: sharply declined
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $3B 686M → $4B 171M
- Outcome: sharply increased
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $966M → $1B 150M
- Outcome: sharply increased
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $0 → $0
- Outcome: remained stable
Key Economic Indicators of Montenegro (2000–2024)
| year | GDP Growth | Nominal GDP | PPP GDP | GDP per Capita | PPP per Capita | Savings | Population | Current Account | Fiscal Balance |
|---|---|---|---|---|---|---|---|---|---|
2000 | 0 % | $ 966M | $ 5B 3M | $ 1,596.76 | $ 8,269.73 | 0 % | 605,000 people | 0 % | 0 % |
2001 | 1.1 % | $ 1B 150M | $ 5B 172M | $ 1,893.75 | $ 8,514.62 | 8.74 % | 607,000 people | -13.628 % | 0 % |
2002 | 1.9 % | $ 1B 269M | $ 5B 352M | $ 2,080.95 | $ 8,775.99 | 0.87 % | 610,000 people | -11.505 % | -0.463 % |
2003 | 2.5 % | $ 1B 681M | $ 5B 594M | $ 2,745.91 | $ 9,136.44 | 4.99 % | 612,000 people | -6.865 % | -3.062 % |
2004 | 4.4 % | $ 2B 73M | $ 5B 997M | $ 3,379.90 | $ 9,777.58 | 3.66 % | 613,000 people | -7.176 % | -0.901 % |
2005 | 4.2 % | $ 2B 261M | $ 6B 445M | $ 3,680.06 | $ 10,492.18 | 3.79 % | 614,000 people | -16.626 % | -0.276 % |
2006 | 8.6 % | $ 2B 724M | $ 7B 215M | $ 4,429.62 | $ 11,731.32 | −7.12 % | 615,000 people | -31.654 % | 5.431 % |
2007 | 6.8 % | $ 3B 686M | $ 7B 914M | $ 5,984.70 | $ 12,850.73 | −4.61 % | 616,000 people | -40.07 % | 9.47 % |
2008 | 7.2 % | $ 4B 564M | $ 8B 648M | $ 7,397.04 | $ 14,016.47 | −8.29 % | 617,000 people | -49.471 % | -1.529 % |
2009 | -5.8 % | $ 4B 171M | $ 8B 196M | $ 6,746.44 | $ 13,256.47 | −0.79 % | 618,000 people | -27.732 % | -5.86 % |
2010 | 2.7 % | $ 4B 146M | $ 8B 520M | $ 6,693.86 | $ 13,754.64 | 1.17 % | 619,000 people | -20.31 % | -3.864 % |
2011 | 3.2 % | $ 4B 544M | $ 8B 974M | $ 7,327.50 | $ 14,472.45 | 4.28 % | 620,000 people | -14.777 % | -5.276 % |
2012 | -2.724 % | $ 4B 90M | $ 8B 604M | $ 6,594.80 | $ 13,872.81 | 5.13 % | 620,000 people | -15.28 % | -3.966 % |
2013 | 3.549 % | $ 4B 466M | $ 9B 237M | $ 7,199.16 | $ 14,891.28 | 8.22 % | 620,000 people | -11.391 % | -2.371 % |
2014 | 1.784 % | $ 4B 595M | $ 9B 558M | $ 7,405.96 | $ 15,404.81 | 7.81 % | 620,000 people | -12.41 % | 1.568 % |
2015 | 3.39 % | $ 4B 54M | $ 10B 164M | $ 6,534.48 | $ 16,378.88 | 9.12 % | 621,000 people | -10.991 % | -3.601 % |
2016 | 2.949 % | $ 4B 376M | $ 11B 324M | $ 7,049.66 | $ 18,244.53 | 9.87 % | 621,000 people | -16.235 % | -4.018 % |
2017 | 4.716 % | $ 4B 855M | $ 12B 263M | $ 7,820.08 | $ 19,753.49 | 14.15 % | 621,000 people | -16.085 % | -4.427 % |
2018 | 5.078 % | $ 5B 509M | $ 13B 181M | $ 8,872.64 | $ 21,227.80 | 14.91 % | 621,000 people | -17.001 % | -4.049 % |
2019 | 4.063 % | $ 5B 543M | $ 13B 947M | $ 8,924.59 | $ 22,456.58 | 17.69 % | 621,000 people | -14.285 % | 0.442 % |