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Macro

Montenegro

Europe & Central Asia · Upper middle income · IMF WEO April 2026 · World Bank WDI

GDP▲ 11.6%
Current prices2025
9USD bn
GDP per capita▲ 11.5%
Current prices2025
14,784USD
Real GDP growth▼ 0.5 pp
Annual change2025
2.7%
Inflation▲ 0.6 pp
Average consumer prices2025
3.9%
Government debt▲ 6.3 pp
General government, gross2025
67.1% of GDP
Current account▼ 3.5 pp
Balance2025
-20.5% of GDP
Population▲ 0.1%
Total2025
0.62million

Real GDP growth, %

Since 1995 · lighter bars = IMF projection
-15.00.013.02001: 1.1%2002: 1.9%2003: 2.5%2004: 4.4%2005: 4.2%2006: 8.6%2007: 7.1%2008: 6.9%2009: -6.0%2010: 2.8%2011: 3.4%2012: -2.5%2013: 3.4%2014: 2.4%2015: 2.5%2016: 3.4%2017: 3.2%2018: 4.7%2019: 4.4%2020: -15.0%2021: 13.0%2022: 7.7%2023: 6.5%2024: 3.2%2025: 2.7%2026: 2.8% (IMF projection)2027: 2.7% (IMF projection)2028: 3.2% (IMF projection)2029: 3.0% (IMF projection)2030: 3.0% (IMF projection)2031: 3.0% (IMF projection)IMF projection200520102015202020252030

Inflation, %

Average consumer prices · lighter bars = IMF projection
-0.70.029.92000: 29.9%2001: 23.7%2002: 19.7%2003: 7.5%2004: 3.1%2005: 3.4%2006: 2.1%2007: 3.4%2008: 9.0%2009: 3.6%2010: 0.4%2011: 3.5%2012: 4.1%2013: 2.2%2014: -0.7%2015: 1.5%2016: -0.3%2017: 2.4%2018: 2.6%2019: 0.4%2020: -0.3%2021: 2.4%2022: 13.0%2023: 8.6%2024: 3.3%2025: 3.9%2026: 3.2% (IMF projection)2027: 2.9% (IMF projection)2028: 2.3% (IMF projection)2029: 2.2% (IMF projection)2030: 2.2% (IMF projection)2031: 2.2% (IMF projection)IMF projection2000200520102015202020252030

IMF outlook

IMF World Economic Outlook April 2026 · italics = IMF projection
Indicator2021202220232024202520262027202820292030
Real GDP growth %13.07.76.53.22.72.82.73.23.03.0
Inflation, average consumer prices %2.413.08.63.33.93.22.92.32.22.2
GDP, current prices USD bn668891011111213
GDP per capita, current prices USD9,32210,04612,26213,25914,78416,37717,29918,20819,17820,169
GDP per capita, PPP Int. USD24,12627,90730,81832,56634,37636,33338,11539,96041,87243,894
General government gross debt % of GDP86.270.359.660.867.162.462.863.164.165.0
General government net lending/borrowing % of GDP-1.4-4.00.4-3.4-3.6-4.0-4.0-3.8-3.9-4.0
Current account balance % of GDP-9.3-12.9-11.2-17.1-20.5-19.4-18.3-17.6-16.5-16.0
Population million0.630.620.620.620.620.620.620.630.630.63

Government debt, % of GDP

General government gross debt
0.01082002: 86%2003: 49%2004: 45%2005: 39%2006: 37%2007: 32%2008: 34%2009: 44%2010: 45%2011: 49%2012: 57%2013: 59%2014: 64%2015: 70%2016: 67%2017: 67%2018: 73%2019: 80%2020: 108%2021: 86%2022: 70%2023: 60%2024: 61%2025: 67%2026: 62% (IMF projection)2027: 63% (IMF projection)2028: 63% (IMF projection)2029: 64% (IMF projection)2030: 65% (IMF projection)2031: 66% (IMF projection)IMF projection200520102015202020252030

Current account, % of GDP

Balance of payments
-49.50.02001: -13.6%2002: -11.5%2003: -6.9%2004: -7.2%2005: -16.7%2006: -31.7%2007: -40.1%2008: -49.5%2009: -27.8%2010: -20.3%2011: -14.9%2012: -15.3%2013: -11.5%2014: -12.4%2015: -11.1%2016: -16.3%2017: -16.3%2018: -17.2%2019: -14.4%2020: -26.3%2021: -9.3%2022: -12.9%2023: -11.2%2024: -17.1%2025: -20.5%2026: -19.4% (IMF projection)2027: -18.3% (IMF projection)2028: -17.6% (IMF projection)2029: -16.5% (IMF projection)2030: -16.0% (IMF projection)2031: -15.7% (IMF projection)IMF projection200520102015202020252030

Economic structure

Value added by sector, % of GDP · World Bank
AgricultureManufacturingOther industryServices
YearStructureAgricultureIndustryManufacturingServices
20058.817.38.257.6
20155.014.43.663.1
20253.411.3–63.4

Income, trade and society

World Bank WDI · change over 10 years
IndicatorLatestUnitYear10Y change
GNI per capita, Atlas method14,150USD2025+97.9%
GNI, Atlas method9USD bn2025+97.5%
Exports of goods and services40.1% of GDP2025-2.7 pp
Imports of goods and services65.7% of GDP2025+4.3 pp
Life expectancy at birth77.9years2024+2.0%
Urban population65.6% of total2025+0.8 pp

Sources: IMF World Economic Outlook (April 2026; 2026 onwards are IMF projections) · World Bank World Development Indicators (CC BY 4.0)