Montenegro GDP Per Capita (2026)
Montenegro has a small Southeast European economy supported by tourism, services, construction, energy, trade, transport, and real estate. GDP per capita provides a useful measure of how national economic production compares with the country’s relatively small population and helps place the overall size of the economy into a per-person context. Explore Montenegro’s latest GDP per capita data, historical trends, growth patterns, and economic comparisons below.
GDP Per Capita 2026
$16,377
Est. in USD
World Rank
#70
Out of 195 countries
Change vs 2025
+10.8%
+$1,593
Europe Rank
#37
Out of 43 countries
1. Montenegro GDP Per Capita in 2026
Montenegro’s GDP per capita reflects economic output generated for each resident across tourism, services, construction, energy, and trade. Adjusting total GDP for the country’s small population makes the indicator particularly useful for international comparisons. It also helps show how visitor activity and service-sector production translate into economic output per person.
2. Montenegro GDP Per Capita Growth (2000–2026)
3. Montenegro GDP Per Capita (Historical Data)
| Year | GDP Per Capita (USD) | Annual Change |
|---|---|---|
| 2026 | $16,377 | +10.8% |
| 2025 | $14,784 | +11.5% |
| 2024 | $13,259 | +8.1% |
| 2023 | $12,262 | +22.1% |
| 2022 | $10,046 | +7.8% |
| 2021 | $9,322 | +23.5% |
| 2020 | $7,549 | -13.7% |
| 2019 | $8,750 | +0.8% |
| 2018 | $8,678 | +13.1% |
| 2017 | $7,672 | +10.1% |
| 2016 | $6,966 | +8.5% |
| 2015 | $6,422 | -12.6% |
| 2014 | $7,344 | +3.4% |
| 2013 | $7,103 | +8.3% |
| 2012 | $6,557 | -9.7% |
| 2011 | $7,264 | +8.7% |
| 2010 | $6,684 | -0.5% |
| 2009 | $6,719 | -9.1% |
| 2008 | $7,389 | +23.5% |
| 2007 | $5,981 | +35.2% |
| 2006 | $4,423 | +20.4% |
| 2005 | $3,674 | +8.9% |
| 2004 | $3,375 | +23.1% |
| 2003 | $2,742 | +32.0% |
| 2002 | $2,078 | +9.9% |
| 2001 | $1,891 | +18.6% |
| 2000 | $1,594 | — |
4. Montenegro GDP Per Capita Growth
1-Year Change
+10.8%
(2025 to 2026)
5-Year Change
+75.7%
(2021 to 2026)
10-Year Change
+135.1%
(2016 to 2026)
20-Year Change
+270.3%
(2006 to 2026)
Montenegro’s GDP per capita can be influenced by tourism demand, construction, investment, inflation, population trends, and broader European economic conditions. Visitor flows can have a significant effect on annual performance because tourism is a major contributor to the economy. Historical data helps show how output per resident has evolved through different cycles.
5. Montenegro GDP Per Capita vs Europe and World
Montenegro
$16,377
Europe Average
$59,767
World Average
$25,179
$0
$29,884
$59,767
USD
Montenegro’s GDP per capita is approximately
72.6%
below the
Europe average
and
35.0%
below the world average.
6. Montenegro GDP Per Capita Ranking in Europe
| Rank | Country | GDP Per Capita (USD) |
|---|---|---|
| #34 | Bulgaria | $23,848 |
| #35 | Russia | $18,525 |
| #36 | Serbia | $17,252 |
| #37 | Montenegro | $16,377 |
| #38 | Albania | $12,493 |
| #39 | North Macedonia | $11,967 |
| #40 | Belarus | $11,286 |
7. GDP vs GDP Per Capita in Montenegro
Montenegro GDP (Nominal)
$10.2 Billion
(2026)
Montenegro GDP Per Capita
$16,377
(2026)
Montenegro’s total GDP measures the full scale of economic activity generated nationwide, while GDP per capita adjusts that output for population. Total GDP shows the overall size of the Montenegrin economy, whereas GDP per capita provides a clearer measure of production generated for each resident. Considering both indicators together gives a broader view of economic performance.
Explore more:
Montenegro GDP
8. Montenegro GDP Per Capita Forecast
| Year | GDP Per Capita (USD) | Change |
|---|---|---|
| 2027 | $17,299 | +5.6% |
| 2028 | $18,208 | +5.3% |
| 2029 | $19,178 | +5.3% |
| 2030 | $20,169 | +5.2% |
Montenegro GDP per capita is projected to reach $20,169 by 2030, representing a 23.2% increase from the 2026 level.
9. Montenegro GDP Per Capita: Key Findings
Montenegro GDP per capita is estimated at $16,377 in 2026.
It ranks #70 globally and #37 in Europe.
GDP per capita increased by 10.8% compared with 2025.
Over the last 5 years, GDP per capita grew by 75.7%.
Over the last 10 years, GDP per capita grew by 135.1%.
It is approximately 72.6% below the Europe average.
It is approximately 35.0% below the world average.
The forecast reaches $20,169 by 2030, 23.2% above the 2026 level.
10. What Is GDP Per Capita?
GDP per capita is the total economic output of a country divided by its population.
GDP Per Capita
=
GDP
÷
Population
It helps measure the average economic output per person and is widely used to compare economic performance across countries. Higher values generally indicate greater economic output per resident.
11. Methodology and Data Sources
Primary Source:
International Monetary Fund (IMF)
Additional Sources:
World Bank,
United Nations
Population Source:
UN Population Division
Currency:
Current USD (Nominal)
Update Frequency:
Annually
Last Updated:
September 2026
12. Montenegro GDP Per Capita FAQs
Montenegro GDP per capita is estimated at $16,377 in 2026.
Montenegro ranks #70 globally and #37 in Europe by GDP per capita.
Yes. GDP per capita increased by approximately 10.8% compared with 2025.
Montenegro GDP per capita was approximately $6,422 in 2015.
Montenegro GDP per capita is approximately 72.6% below the Europe average.
14. Explore GDP Per Capita
Disclaimer:
All data are estimates based on IMF, World Bank,
United Nations and related economic datasets.
Figures may differ from official national statistics.