Montenegro GDP Growth Rate (2026)
Montenegro has a small Balkan economy supported by tourism, services, construction, trade, and household consumption. This page examines its GDP growth trend, historical performance, regional position, and outlook.
GDP Growth Rate 2026
+2.8%
Annual real GDP growth
World Rank
#103
Out of 195 countries
Change vs 2025
+0.1 pp
2025: +2.7%
Europe Rank
#8
Out of 43 countries
1. Montenegro GDP Growth Rate in 2026
Montenegrin economic growth is strongly influenced by tourism, investment, construction, consumer demand, and European travel conditions. Seasonal visitor activity remains especially important.
2. Montenegro GDP Growth Rate Trends (2001–2026)
Montenegro’s growth history has been shaped by tourism expansion, infrastructure investment, foreign capital, and integration with European markets.
3. Montenegro GDP Growth Rate (Historical Data)
| Year | GDP Growth Rate | Change (pp) |
|---|---|---|
| 2026 | +2.8% | +0.1 pp |
| 2025 | +2.7% | -0.5 pp |
| 2024 | +3.2% | -3.3 pp |
| 2023 | +6.5% | -1.2 pp |
| 2022 | +7.7% | -5.3 pp |
| 2021 | +13.0% | +28.0 pp |
| 2020 | -15.0% | -19.4 pp |
| 2019 | +4.4% | -0.3 pp |
| 2018 | +4.7% | +1.5 pp |
| 2017 | +3.2% | -0.2 pp |
| 2016 | +3.4% | +0.9 pp |
| 2015 | +2.5% | +0.1 pp |
| 2014 | +2.4% | -1.0 pp |
| 2013 | +3.4% | +5.9 pp |
| 2012 | -2.5% | -5.9 pp |
| 2011 | +3.4% | +0.6 pp |
| 2010 | +2.8% | +8.8 pp |
| 2009 | -6.0% | -12.9 pp |
| 2008 | +6.9% | -0.2 pp |
| 2007 | +7.1% | -1.5 pp |
| 2006 | +8.6% | +4.4 pp |
| 2005 | +4.2% | -0.2 pp |
| 2004 | +4.4% | +1.9 pp |
| 2003 | +2.5% | +0.6 pp |
| 2002 | +1.9% | +0.8 pp |
| 2001 | +1.1% | — |
4. Montenegro GDP Growth Performance
Current Growth Rate
+2.8%
(2026 to 2026)
5-Year Average
+4.6%
(2022 to 2026)
10-Year Average
+3.3%
(2017 to 2026)
20-Year Average
+2.8%
(2007 to 2026)
The economy benefits from a strong tourism sector and investment activity, but its small size and dependence on travel create significant external sensitivity.
5. Montenegro GDP Growth Rate vs Europe and World
Montenegro
+2.8%
Europe Average
+1.9%
World Average
+2.8%
0.0%
1.4%
2.8%
Annual real GDP growth (%)
Montenegro’s GDP growth rate is approximately
0.9 pp
above the
Europe average
and
0.0 pp
below the world average.
6. Montenegro GDP Growth Rate Ranking in Europe
| Rank | Country | GDP Growth Rate |
|---|---|---|
| #4 | Poland | +3.3% |
| #5 | North Macedonia | +3.1% |
| #6 | Lithuania | +2.9% |
| #7 | Serbia | +2.8% |
| #8 | Montenegro | +2.8% |
| #9 | Bulgaria | +2.8% |
| #10 | Croatia | +2.6% |
| #11 | Ireland | +2.5% |
| #12 | Czech Republic | +2.2% |
7. Top 10 Fastest-Growing Countries in the World (2026)
8. GDP Growth Rate and Economy Size in Montenegro
Montenegro GDP (Nominal)
$10.2 Billion
(2026)
Montenegro GDP Growth Rate
+2.8%
(2026)
Montenegro can grow faster than mature European economies when tourism and construction are strong. Its narrow economic base makes growth more volatile.
Explore more:
Montenegro GDP
9. Montenegro GDP Growth Rate Forecast
The outlook depends on tourism, investment, construction, European integration, and consumer demand. External travel weakness and fiscal pressures remain important risks.
| Year | GDP Growth Rate | Change |
|---|---|---|
| 2027 | +2.7% | -0.1 pp |
| 2028 | +3.2% | +0.5 pp |
| 2029 | +3.0% | -0.2 pp |
| 2030 | +3.0% | 0.0 pp |
10. Montenegro GDP Growth Rate: Key Findings
Montenegro GDP growth rate is estimated at +2.8% in 2026.
It ranks #103 globally and #8 in Europe by annual GDP growth rate.
The growth rate accelerated by 0.1 percentage points compared with 2025.
The 5-year average GDP growth rate is +4.6%.
The 10-year average GDP growth rate is +3.3%.
The current rate is 0.9 percentage points above the Europe average.
The current rate is 0.0 percentage points below the world average.
The forecast GDP growth rate is +3.0% in 2030, 0.2 percentage points above the 2026 rate.
11. What Is GDP Growth Rate?
GDP growth rate measures the percentage change in a country’s real gross domestic product from one period to the next, usually year over year.
GDP Growth Rate
=
(Real GDPₜ − Real GDPₜ₋₁)
÷
Real GDPₜ₋₁ × 100
A positive rate indicates economic expansion, while a negative rate indicates contraction. Real GDP growth is preferred for growth comparisons because it adjusts for price changes.
12. Methodology and Data Sources
Primary Source:
International Monetary Fund (IMF)
Additional Source:
World Bank
Measure:
Annual percentage change in real GDP
Unit:
Percent (%)
Comparisons:
Year-to-year rate differences are shown in percentage points (pp)
Update Frequency:
Annually and when new forecasts are released
Last Updated:
November 2026
13. Montenegro GDP Growth Rate FAQs
Montenegro GDP growth rate is estimated at +2.8% in 2026.
Montenegro ranks #103 globally and #8 in Europe by annual GDP growth rate.
The economy is expanding, with real GDP growth of approximately +2.8% in 2026.
Montenegro GDP growth rate was +2.5% in 2015.
Montenegro GDP growth rate is 0.9 percentage points above the Europe average.
15. Explore GDP Growth Rate
Disclaimer:
All data are estimates based on IMF, World Bank,
United Nations and related economic datasets.
Figures may differ from official national statistics.