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.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
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 | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
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 |
