The economy of Montenegro grew 4.7 percent year-on-year in the third quarter of 2019, higher than 3.2 percent in the previous period, preliminary estimates showed. GDP Annual Growth Rate in Montenegro averaged 2.91 percent from 2001 until 2019, reaching an all time high of 10.70 percent in the fourth quarter of 2007 and a record low of -5.70 percent in the fourth quarter of 2009.
GDP Annual Growth Rate in Montenegro is expected to be 2.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Montenegro to stand at 2.50 in 12 months time. In the long-term, the Montenegro GDP Annual Growth Rate is projected to trend around 2.90 percent in 2020, according to our econometric models.