Montenegro GDP Trends from 2000 to 2024: A overall increase with some decline Flow

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%.

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.


Montenegro GDP from 2000 to 2024

The total market value of goods and services produced annually in Montenegro.

Change Chart

    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)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    2000
    $ 966M
    $ 1,596.76
    $ 8,269.73
    $ 5B 3M
    0 %
    0 %
    0 %
    0 %
    605,000 people
    2001
    $ 1B 150M
    $ 1,893.75
    $ 8,514.62
    $ 5B 172M
    1.1 %
    -13.628 %
    8.74 %
    0 %
    607,000 people
    2002
    $ 1B 269M
    $ 2,080.95
    $ 8,775.99
    $ 5B 352M
    1.9 %
    -11.505 %
    0.87 %
    -0.463 %
    610,000 people
    2003
    $ 1B 681M
    $ 2,745.91
    $ 9,136.44
    $ 5B 594M
    2.5 %
    -6.865 %
    4.99 %
    -3.062 %
    612,000 people
    2004
    $ 2B 73M
    $ 3,379.90
    $ 9,777.58
    $ 5B 997M
    4.4 %
    -7.176 %
    3.66 %
    -0.901 %
    613,000 people
    2005
    $ 2B 261M
    $ 3,680.06
    $ 10,492.18
    $ 6B 445M
    4.2 %
    -16.626 %
    3.79 %
    -0.276 %
    614,000 people
    2006
    $ 2B 724M
    $ 4,429.62
    $ 11,731.32
    $ 7B 215M
    8.6 %
    -31.654 %
    −7.12 %
    5.431 %
    615,000 people
    2007
    $ 3B 686M
    $ 5,984.70
    $ 12,850.73
    $ 7B 914M
    6.8 %
    -40.07 %
    −4.61 %
    9.47 %
    616,000 people
    2008
    $ 4B 564M
    $ 7,397.04
    $ 14,016.47
    $ 8B 648M
    7.2 %
    -49.471 %
    −8.29 %
    -1.529 %
    617,000 people
    2009
    $ 4B 171M
    $ 6,746.44
    $ 13,256.47
    $ 8B 196M
    -5.8 %
    -27.732 %
    −0.79 %
    -5.86 %
    618,000 people
    2010
    $ 4B 146M
    $ 6,693.86
    $ 13,754.64
    $ 8B 520M
    2.7 %
    -20.31 %
    1.17 %
    -3.864 %
    619,000 people
    2011
    $ 4B 544M
    $ 7,327.50
    $ 14,472.45
    $ 8B 974M
    3.2 %
    -14.777 %
    4.28 %
    -5.276 %
    620,000 people
    2012
    $ 4B 90M
    $ 6,594.80
    $ 13,872.81
    $ 8B 604M
    -2.724 %
    -15.28 %
    5.13 %
    -3.966 %
    620,000 people
    2013
    $ 4B 466M
    $ 7,199.16
    $ 14,891.28
    $ 9B 237M
    3.549 %
    -11.391 %
    8.22 %
    -2.371 %
    620,000 people
    2014
    $ 4B 595M
    $ 7,405.96
    $ 15,404.81
    $ 9B 558M
    1.784 %
    -12.41 %
    7.81 %
    1.568 %
    620,000 people
    2015
    $ 4B 54M
    $ 6,534.48
    $ 16,378.88
    $ 10B 164M
    3.39 %
    -10.991 %
    9.12 %
    -3.601 %
    621,000 people
    2016
    $ 4B 376M
    $ 7,049.66
    $ 18,244.53
    $ 11B 324M
    2.949 %
    -16.235 %
    9.87 %
    -4.018 %
    621,000 people
    2017
    $ 4B 855M
    $ 7,820.08
    $ 19,753.49
    $ 12B 263M
    4.716 %
    -16.085 %
    14.15 %
    -4.427 %
    621,000 people
    2018
    $ 5B 509M
    $ 8,872.64
    $ 21,227.80
    $ 13B 181M
    5.078 %
    -17.001 %
    14.91 %
    -4.049 %
    621,000 people
    2019
    $ 5B 543M
    $ 8,924.59
    $ 22,456.58
    $ 13B 947M
    4.063 %
    -14.285 %
    17.69 %
    0.442 %
    621,000 people