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Montenegro GDP

Montenegro's GDP rose to $8.07 billion in 2024, up from $7.53 billion in 2023, according to World Bank. This represents an increase of 7.2% ($538.94 million) from the previous year and accounts for 0.01% of the world's total GDP. Montenegro has GDP lower than the global median ($8.07 billion vs median $35.85 billion). Compared with the median in Europe, Montenegro is lower ($8.07 billion vs regional median $126.99 billion) and ranks 44th out of 48 countries in Europe.

Montenegro's GDP per capita rose to $8,552.59 in 2024, up from $8,304.26 in 2023.

Yearly Historical Data (1997-2024)

(in Billion USD)
Year GDP (Billion USD)
2024 8.07
2023 7.53
2022 6.23
2021 5.86
2020 4.77
2019 5.54
2018 5.51
2017 4.86
2016 4.38
2015 4.05
2014 4.59
2013 4.47
2012 4.09
2011 4.54
2010 4.14
2009 4.16
2008 4.55
2007 3.68
2006 2.72
2005 2.26
2004 2.07
2003 1.71
2002 1.28
2001 1.16
2000 0.98
1999 0.83
1998 0.85
1997 0.84
Montenegro GDP : Definition
GDP measures the total value of all goods and services produced in Montenegro, measured in current US dollars. It is also called Nominal GDP.
Indicator Last Value Prior Value Period
GDP Annual Growth Rate 3.04% 6.34% 2024
GDP per Capita $8,552.59 $8,304.26 2024
GDP per Capita PPP $27,852.04 $27,043.33 2024
R&D Expenditure (% GDP) 0.36% 0.5% 2019
Real GDP $5.34B $5.18B 2024