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Montenegro GDP per Capita

Montenegro's GDP per capita rose to $8,552.59 in 2024, up from $8,304.26 in 2023, according to World Bank. This represents an increase of 3% ($248.33) from the previous year. Montenegro has GDP per capita higher than the global median ($8,553 vs median $6,791). Compared with the median in Europe, Montenegro is lower ($8,553 vs regional median $26,046) and ranks 40th out of 47 countries in Europe.

Montenegro's GDP rose to $8.07 billion in 2024, up from $7.53 billion in 2023.

Yearly Historical Data (1997-2024)

(in USD)
Year GDP per Capita (USD)
2024 8,552.59
2023 8,304.26
2022 7,808.55
2021 7,321.24
2020 6,460.59
2019 7,626.25
2018 7,332.19
2017 6,982.94
2016 6,675.13
2015 6,491.19
2014 6,287.46
2013 6,188.76
2012 5,987.89
2011 6,166.2
2010 5,982.2
2009 5,833.66
2008 6,205.82
2007 5,798.06
2006 5,435.89
2005 5,013.2
2004 4,819.15
2003 4,623.08
2002 4,529.12
2001 4,462.35
2000 4,431.6
1999 4,290.9
1998 4,723.14
1997 4,488.79
Montenegro GDP per Capita : Definition
GDP per Capita measures total economic output for Montenegro divided by the number of people, adjusted to 2015 prices and measured in US dollars.
Indicator Last Value Prior Value Period
GDP $8.07B $7.53B 2024
GDP Annual Growth Rate 3.04% 6.34% 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