Markets Actual Q2 Q3 Q4 Q1 2020
Currency 1.14 1.11 1.11 1.1 1.1 1.08
Stock Market (points) 11131.01 11600 11600 11600 11600 11000
Overview Actual Q2 Q3 Q4 Q1 2020
GDP Annual Growth Rate (%) 3.00 2.5 2.6 2.8 2.5 2.9
Unemployment Rate (%) 15.80 18.2 18.8 17 17 16.5
Inflation Rate (%) 0.70 0.8 1.5 1.8 1.7 1.8
Inflation Rate Mom (%) 0.20 0.1 0.2 0.1 0.1 0.4
Balance of Trade (EUR Thousand) -181800.00 -187700 -171626 -194000 -194000 -193700
Current Account to GDP (%) -18.50 -16 -16 -16 -15 -15
Government Debt to GDP (%) 62.27 68.7 68.7 68.7 70.2 70.2
Government Budget (% of GDP) -2.00 -4.8 -4.8 -4.8 -1 -1
Corporate Tax Rate (%) 9.00 9 9 9 9 9
Personal Income Tax Rate (%) 9.00 9 9 9 9 9
GDP Actual Q2 Q3 Q4 Q1 2020
GDP Annual Growth Rate (%) 3.00 2.5 2.6 2.8 2.5 2.9
GDP (USD Billion) 4.77 6.2 6.2 6.2 6.9 6.9
GDP Constant Prices (EUR Million) 865.06 1071 1506 1175 1172 1209
GDP per capita (USD) 7812.95 8250 8250 8250 8450 8450
GDP per capita PPP (USD) 16409.29 16850 16850 16850 17200 17200
Gross Fixed Capital Formation (EUR Thousand) 275794.00 385185 322496 327268 326313 336759
Labour Actual Q2 Q3 Q4 Q1 2020
Unemployment Rate (%) 15.80 18.2 18.8 17 17 16.5
Wages (EUR/Month) 767.00 766 766 790 790 800
Population (Million) 0.62 0.62 0.62 0.62 0.62 0.62
Wages In Manufacturing (EUR/Month) 626.00 622 623 670 670 690
Prices Actual Q2 Q3 Q4 Q1 2020
Inflation Rate (%) 0.70 0.8 1.5 1.8 1.7 1.8
Inflation Rate Mom (%) 0.20 0.1 0.2 0.1 0.1 0.4
Consumer Price Index CPI (Index Points) 105.60 106 107 106 107 108
Producer Prices (Index Points) 168.40 170 168 168 169 170
Producer Prices Change (%) 1.90 2.7 1.8 1.5 1.1 1
Food Inflation (%) 4.10 2.2 2.28 2.28 2.28 2.28
Trade Actual Q2 Q3 Q4 Q1 2020
Balance of Trade (EUR Thousand) -181800.00 -187700 -171626 -194000 -194000 -193700
Current Account to GDP (%) -18.50 -16 -16 -16 -15 -15
Imports (EUR Thousand) 241297.00 217900 203992 234100 234100 236200
Exports (EUR Thousand) 31565.00 30200 32367 40100 40100 42500
Tourist Arrivals 95000.00 68500 67100 38800 38800 44500
Government Actual Q2 Q3 Q4 Q1 2020
Government Debt to GDP (%) 62.27 68.7 68.7 68.7 70.2 70.2
Government Budget (% of GDP) -2.00 -4.8 -4.8 -4.8 -1 -1
Government Spending (EUR Thousand) 170165.00 197762 199306 202255 201665 208120
Taxes Actual Q2 Q3 Q4 Q1 2020
Corporate Tax Rate (%) 9.00 9 9 9 9 9
Personal Income Tax Rate (%) 9.00 9 9 9 9 9
Sales Tax Rate (%) 21.00 21 21 21 21 21
Social Security Rate (%) 34.30 34.3 34.3 34.3 34.3 34.3
Social Security Rate For Companies (%) 10.30 10.3 10.3 10.3 10.3 10.3
Social Security Rate For Employees (%) 24.00 24 24 24 24 24
Business Actual Q2 Q3 Q4 Q1 2020
Industrial Production (%) -4.80 -15 -12 -7 2 2.8
Consumer Actual Q2 Q3 Q4 Q1 2020
Retail Sales Yoy (%) 5.40 3 2.7 3 3 2
Consumer Spending (EUR Thousand) 779403.00 871972 857540 870230 867690 895466
Retail Sales Mom (%) 5.60 3.9 -3.8 13 13 13
Gasoline Prices (USD/Liter) 1.44 1.34 1.3 1.27 1.24 1.24


This page has economic forecasts for Montenegro including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Montenegro economy.