Montenegro in figures

Montenegro has run a current account deficit in every year of the World Bank series, as wide as 49.5% of GDP in 2008 and still 20.4% in 2025. Output fell 15.0% in 2020 and grew 13.1% in 2021. Government debt, 31.8% of GDP in 2007, reached 108.4% in 2020 and was 67.1% in 2025, while the population hardly changed and stood at 623,129 in 2025.

GDP

$9.2 bn

2025

from $984.3 m in 2000

GDP per person

$14 817

2025

from $1 627 in 2000

Real growth

2.7%

2025

from 3.1% in 2000

Inflation

3.9%

2025

from 2.9% in 2006

Unemployment

13.6%

2025

from 30.4% in 2000

Government debt

67.1%of GDP

2025

from 85.7% in 2002

Economy

How large Montenegro's economy is, how fast it grows and what it is made of

GDP stood at $984.3 million in 2000 and $9.2 billion in 2025 in current dollars. Real output fell three times. It dropped 6.0% in 2009, 2.5% in 2012 and 15.0% in 2020. The fastest growth before the 2021 rebound came in 2006, at 8.6%, and after it the rate slowed each year, to 2.7% in 2025. GDP per person at purchasing power parity was $35,423 in 2025, against $6,004 in 2000. For 2026 the IMF projected 2.8%. Industry and construction produced 21.3% of GDP in 2000 and 11.2% in 2025, the lowest share recorded. Manufacturing shrank from a high of 11.6% in 2001 to 3.3% in 2024. Agriculture, forestry and fishing fell from 11.3% to 3.4% over 2000 to 2025, and services rose to 63.4%.

GDP, current US dollars

$9.2 bn2025

World Bank
Data
YearGDP, current US dollars
2025$9.2 bn
2024$8.3 bn
2023$7.6 bn
2022$6.3 bn
2021$5.8 bn
2020$4.7 bn
2019$5.5 bn
2018$5.4 bn
2017$4.8 bn
2016$4.4 bn
2015$4.0 bn
2014$4.6 bn
2013$4.4 bn
2012$4.1 bn
2011$4.5 bn
2010$4.1 bn
2009$4.2 bn
2008$4.6 bn
2007$3.7 bn
2006$2.7 bn
2005$2.3 bn
2004$2.1 bn
2003$1.7 bn
2002$1.3 bn
2001$1.2 bn
2000$984.3 m

Series World Bank NY.GDP.MKTP.CD

Real GDP growth

2.7%2025

World Bank · IMF World Economic Outlook
Data
YearGrowth
2031 (projection)3.0%
2030 (projection)3.0%
2029 (projection)3.0%
2028 (projection)3.2%
2027 (projection)2.7%
2026 (projection)2.8%
20252.7%
20243.2%
20236.5%
20227.7%
202113.1%
2020−15.0%
20194.4%
20184.7%
20173.2%
20163.4%
20152.5%
20142.4%
20133.4%
2012−2.5%
20113.4%
20102.8%
2009−6.0%
20086.9%
20077.1%
20068.6%
20054.2%
20044.4%
20032.5%
20021.9%
20011.1%
20003.1%

Series World Bank NY.GDP.MKTP.KD.ZG · IMF World Economic Outlook NGDP_RPCH

GDP per person

$14 8172025

At market exchange ratesAt purchasing power parity

World Bank
Data
YearGDP per personAt purchasing power
2025$14 817$35 423
2024$13 270$34 063
2023$12 258$31 863
2022$10 038$28 050
2021$9 316$23 690
2020$7 555$20 625
2019$8 749$23 705
2018$8 674$21 084
2017$7 674$19 357
2016$6 968$18 030
2015$6 421$16 092
2014$7 342$15 276
2013$7 103$14 692
2012$6 552$13 792
2011$7 266$14 347
2010$6 679$13 612
2009$6 727$12 976
2008$7 390$13 802
2007$5 979$12 452
2006$4 423$10 440
2005$3 676$8 314
2004$3 386$7 841
2003$2 790$7 340
2002$2 109$7 100
2001$1 910$6 772
2000$1 627$6 004

Series World Bank NY.GDP.PCAP.CD · World Bank NY.GDP.PCAP.PP.CD

Value added, share of GDP

Manufacturing has its own band and is left out of other industry. The remainder is taxes on products less subsidies, which the national accounts add to reach GDP.

200058%9%12%11%9%
202563%11%22%
  • Services
  • Manufacturing
  • Other industry and construction
  • Agriculture, forestry, fishing
  • Taxes less subsidies
World Bank

Prices and work

What prices and jobs did

The IMF's series opens with inflation at 29.9% in 2000 and 23.7% in 2001; by 2004 it was 3.1%. The World Bank's own series starts in 2006, and its peak is 13.0% in 2022, followed by 8.6% in 2023 and 3.9% in 2025. Prices fell in 2014, 2016 and 2020. Unemployment held at about 30% from 2000 to 2005, then dropped to 17.1% by 2008, and was 13.6% in 2025. Joblessness among 15 to 24 year olds more than halved, from 55.6% in 2000 to 24.4% in 2025.

Inflation, consumer prices

3.9%2025

World Bank · IMF World Economic Outlook
Data
YearInflation
2031 (projection)2.2%
2030 (projection)2.2%
2029 (projection)2.2%
2028 (projection)2.3%
2027 (projection)2.9%
2026 (projection)3.2%
20253.9%
20243.3%
20238.6%
202213.0%
20212.4%
2020−0.3%
20190.4%
20182.6%
20172.4%
2016−0.3%
20151.6%
2014−0.7%
20132.2%
20124.2%
20113.5%
20100.7%
20093.5%
20088.8%
20074.3%
20062.9%

Series World Bank FP.CPI.TOTL.ZG · IMF World Economic Outlook PCPIPCH

Unemployment

13.6%2025

All agesAges 15 to 24

World Bank
Data
YearUnemploymentAges 15 to 24
202513.6%24.4%
202413.2%23.9%
202313.2%23.3%
202214.8%29.8%
202116.5%37.4%
202017.9%36.2%
201915.1%25.3%
201815.2%29.6%
201716.1%31.9%
201617.7%36.1%
201517.6%37.7%
201418.1%36.0%
201319.6%41.8%
201219.8%44.0%
201119.8%37.0%
201019.6%36.7%
200919.1%35.6%
200817.1%32.0%
200719.4%36.1%
200624.8%45.9%
200530.3%55.6%
200430.3%55.6%
200330.4%55.5%
200230.4%55.4%
200130.5%55.7%
200030.4%55.6%

Series World Bank SL.UEM.TOTL.ZS · World Bank SL.UEM.1524.ZS

Trade

How open the economy is

Imports always led. They were equal to 92.9% of GDP in 2008 and 65.7% in 2025; exports ranged from 26.2% in 2020 to 51.3% in 2022 and were 40.1% in 2025. The current account gap was 39.8% of GDP in 2007, the first year recorded, and narrowed to 9.3% at its smallest in 2021. Net foreign direct investment inflows equalled 37.3% of GDP in 2009 and 7.3% in 2025.

Exports and imports, share of GDP

40.1%2025

ExportsImports

World Bank
Data
YearExports of goods and servicesImports
202540.1%65.7%
202443.8%66.2%
202349.2%67.6%
202251.3%74.1%
202143.1%62.6%
202026.3%61.6%
201944.3%65.7%
201843.5%67.6%
201741.5%65.2%
201640.8%63.4%
201542.7%61.4%
201440.3%60.2%
201341.8%62.0%
201242.2%66.6%
201142.4%64.3%
201036.7%62.1%
200934.5%65.4%
200839.6%92.9%
200743.0%85.8%
200640.6%77.5%
200543.5%61.1%
200442.0%58.1%
200330.6%47.0%
200235.4%59.9%
200138.4%62.0%
200036.8%51.1%

Series World Bank NE.EXP.GNFS.ZS · World Bank NE.IMP.GNFS.ZS

Current account balance, share of GDP

−20.4%2025

World Bank
Data
YearCurrent account balance
2025−20.4%
2024−17.0%
2023−11.1%
2022−13.1%
2021−9.3%
2020−26.1%
2019−14.5%
2018−17.4%
2017−15.8%
2016−16.2%
2015−11.1%
2014−12.5%
2013−11.6%
2012−15.7%
2011−14.8%
2010−20.6%
2009−27.7%
2008−49.5%
2007−39.8%

Series World Bank BN.CAB.XOKA.GD.ZS

Foreign direct investment, net inflows, share of GDP

7.3%2025

World Bank
Data
YearForeign direct investment, net inflows
20257.3%
20247.2%
20236.9%
202213.9%
202111.9%
202011.2%
20197.6%
20188.9%
201711.7%
20165.2%
201517.4%
201410.8%
201310.1%
201215.2%
201112.3%
201018.3%
200937.3%
200821.4%
200725.4%

Series World Bank BX.KLT.DINV.WD.GD.ZS

Public finances

What the state owes and borrows

The IMF records debt at 85.7% of GDP in 2002, falling to 31.8% in 2007, when the government ran a surplus of 8.4% of GDP. From 2008 debt rose almost every year, to 79.6% in 2019 and 108.4% in 2020, the same year the deficit hit 10.9%. The ratio stood at 59.6% in 2023 and 67.1% in 2025. Looking ahead, the IMF projected 62.4% for 2026 and 66.1% for 2031, with deficits of about 4% of GDP.

General government gross debt, share of GDP

67.1%2025

IMF World Economic Outlook
Data
YearGeneral government gross debt
2031 (projection)66.1%
2030 (projection)65.0%
2029 (projection)64.1%
2028 (projection)63.1%
2027 (projection)62.8%
2026 (projection)62.4%
202567.1%
202460.8%
202359.6%
202270.3%
202186.2%
2020108.4%
201979.6%
201872.9%
201766.9%
201666.7%
201569.5%
201463.6%
201359.2%
201257.1%
201149.0%
201045.1%
200943.9%
200834.2%
200731.8%
200636.7%
200538.6%
200445.4%
200348.6%
200285.7%

Series IMF World Economic Outlook GGXWDG_NGDP

Government net lending or borrowing, share of GDP

−3.6%2025

Below zero the government borrowed.

IMF World Economic Outlook
Data
YearGeneral government net lending or borrowing
2031 (projection)−4.3%
2030 (projection)−4.0%
2029 (projection)−3.9%
2028 (projection)−3.8%
2027 (projection)−4.0%
2026 (projection)−4.0%
2025−3.6%
2024−3.4%
20230.4%
2022−4.0%
2021−1.4%
2020−10.9%
2019−1.7%
2018−6.3%
2017−6.9%
2016−6.2%
2015−6.0%
2014−0.7%
2013−4.5%
2012−5.9%
2011−6.8%
2010−4.9%
2009−6.7%
2008−2.3%
20078.4%
20064.3%
2005−1.4%
2004−2.5%
2003−4.1%
2002−1.4%

Series IMF World Economic Outlook GGXCNL_NGDP

People

Who lives in Montenegro

The World Bank put the population at 604,950 in 2000, 626,753 at its 2019 high and 623,129 in 2025. Net migration was negative in most years but added 26,332 people in 2022 and 12,000 in 2023, before taking away 9,279 in 2025. The share aged 65 or over rose from 11.1% in 2000 to 18.3% in 2025. Fertility, at 1.80 births per woman in 2024, moved within a narrow band throughout. Life expectancy stood at 77.9 years in 2024, as in 2018.

Population

623 1292025

The axis does not start at zero, so the change looks larger than it is.

World Bank
Data
YearPopulation
2025623 129
2024623 525
2023623 529
2022623 591
2021625 053
2020626 590
2019626 753
2018626 438
2017625 982
2016625 353
2015624 651
2014623 744
2013622 587
2012621 418
2011620 345
2010619 428
2009618 294
2008616 969
2007615 875
2006615 025
2005614 261
2004613 353
2003612 267
2002609 828
2001607 389
2000604 950

Series World Bank SP.POP.TOTL

Age structure, share of the population
65 and over18.3%15 to 6463.8%Under 1517.9%
World Bank
Data
YearAged 0 to 1415 to 6465 and over
202517.9%63.8%18.3%
202418.1%64.0%17.8%
202318.3%64.2%17.5%
202218.5%64.4%17.1%
202118.5%64.6%16.9%
202018.4%64.9%16.6%
201918.4%65.4%16.2%
201818.4%65.9%15.7%
201718.5%66.3%15.2%
201618.6%66.6%14.8%
201518.6%67.0%14.4%
201418.6%67.3%14.0%
201318.7%67.6%13.7%
201218.8%67.7%13.5%
201119.0%67.7%13.3%
201019.2%67.5%13.3%
200919.4%67.2%13.4%
200819.6%67.0%13.3%
200719.9%66.9%13.3%
200620.1%66.8%13.1%
200520.4%66.8%12.9%
200420.6%66.8%12.6%
200320.9%67.0%12.2%
200221.2%67.0%11.8%
200121.6%67.0%11.4%
200021.9%67.0%11.1%

Series World Bank SP.POP.0014.TO.ZS · World Bank SP.POP.1564.TO.ZS · World Bank SP.POP.65UP.TO.ZS

Births per woman

1.802024

World Bank
Data
YearBirths per woman
20241.80
20231.74
20221.80
20211.75
20201.75
20191.80
20181.80
20171.80
20161.80
20151.70
20141.75
20131.73
20121.72
20111.65
20101.70
20091.98
20081.89
20071.80
20061.73
20051.69
20041.73
20031.80
20021.81
20011.86
20001.90

Series World Bank SP.DYN.TFRT.IN

Life expectancy at birth

77.9 years2024

World Bank
Data
YearLife expectancy at birth
202477.9 years
202377.6 years
202276.2 years
202173.8 years
202075.9 years
201976.7 years
201877.9 years
201776.7 years
201676.5 years
201576.6 years
201476.3 years
201376.5 years
201276.3 years
201176.1 years
201076.0 years
200975.1 years
200875.1 years
200774.3 years
200673.8 years
200574.0 years
200474.2 years
200374.1 years
200274.0 years
200173.6 years
200073.4 years

Series World Bank SP.DYN.LE00.IN

Net migration

−9 2792025

People arriving less people leaving, each year. The largest net inflow in the series was 26 332 people, in 2022.

World Bank
Data
YearNet migration
2025−9 279
2024−1 686
202312 000
202226 332
2021−2 344
2020−3 310
2019−4 083
2018−5 058
2017−4 948
2016−5 274
2015−4 863
2014−4 357
2013−2 478
2012−1 583
20110
2010−2 276
2009−3 456
2008−3 326
2007−3 056
2006−2 735
2005−2 247
2004−1 997
2003−3 178
2002−3 357
2001−3 511
2000−3 734

Series World Bank SM.POP.NETM

Living standards

Health, schooling, the internet and inequality

Health took 8.0% of GDP in 2011, 11.4% in 2020 and 9.7% in 2023, while internet use grew from 25.4% of people in 2004 to 88.9% in 2024 and towns and cities were home to 65.6% of residents by 2025. Inequality swung sharply. The Gini coefficient went from 28.9 in 2010 to 41.2 in 2012 and was 34.3 in 2021.

Health spending, share of GDP

9.7%2023

World Bank
Data
YearHealth spending
20239.7%
202210.2%
202110.6%
202011.4%
20198.3%
20188.3%
20178.0%
20168.6%
20159.0%
20148.0%
20138.5%
20128.3%
20118.0%

Series World Bank SH.XPD.CHEX.GD.ZS

Using the internet

88.9%2024

World Bank
Data
YearUsing the internet
202488.9%
202388.5%
202288.2%
202182.2%
202077.6%
201973.5%
201871.5%
201771.3%
201669.9%
201568.1%
201463.9%
201360.3%
201256.8%
201135.6%
201037.5%
200935.1%
200832.9%
200730.8%
200628.9%
200527.1%
200425.4%

Series World Bank IT.NET.USER.ZS

Gini coefficient

34.32021

World Bank
Data
YearGini coefficient
202134.3
202035.4
201935.7
201836.8
201736.9
201638.5
201539.0
201438.8
201339.0
201241.2
201130.8
201028.9
200931.0
200830.5
200731.4
200630.0
200530.2

Series World Bank SI.POV.GINI

Living in towns and cities

65.6%2025

World Bank
Data
YearLiving in towns and cities
202565.6%
202465.5%
202365.5%
202265.4%
202165.3%
202065.3%
201965.2%
201865.1%
201765.0%
201664.9%
201564.8%
201464.7%
201364.6%
201264.5%
201164.4%
201064.3%
200964.1%
200863.8%
200763.5%
200663.1%
200562.7%
200462.2%
200361.7%
200261.0%
200160.1%
200059.1%

Series World Bank SP.URB.TOTL.IN.ZS

Energy and environment

Energy, emissions and forest

The renewable share of electricity has swung: 65.2% in 2005, 75.0% in 2009, 45.2% in 2017 and 61.8% in 2021, when renewables met 39.6% of final energy use. In 2023, 61.5% of the land was forest, against 55.5% in 2006.

Electricity from renewable sources

61.8%2021

World Bank
Data
YearElectricity from renewable sources
202161.8%
202052.2%
201956.2%
201859.2%
201745.2%
201658.7%
201549.6%
201455.2%
201363.5%
201251.9%
201145.3%
201068.4%
200975.0%
200854.4%
200759.9%
200659.3%
200565.2%

Series World Bank EG.ELC.RNEW.ZS

Renewable share of final energy use

39.6%2021

World Bank
Data
YearRenewable share of final energy use
202139.6%
202039.6%
201938.7%
201840.6%
201737.8%
201643.9%
201543.0%
201446.0%
201349.3%
201245.9%
201142.8%
201049.1%
200949.2%
200838.8%
200742.3%
200644.8%
200547.6%

Series World Bank EG.FEC.RNEW.ZS

Forest cover

61.5%2023

World Bank
Data
YearForest cover
202361.5%
202261.5%
202161.5%
202061.5%
201961.5%
201861.5%
201761.5%
201661.5%
201561.5%
201461.5%
201361.5%
201261.5%
201161.5%
201061.5%
200960.0%
200858.5%
200757.0%
200655.5%

Series World Bank AG.LND.FRST.ZS

Codes

Montenegro's codes and memberships

The state

Status
Sovereign state
State since
2006
Government
republic
Official language
Montenegrin
United Nations
Member

Identifiers

MEISO alpha-2
MNEISO alpha-3
499ISO numeric
Calling code
+382
Internet domain
.me
Time zone
UTC+01:00

Questions

Questions about Montenegro in figures

How big is Montenegro's economy?

In current US dollars Montenegro produced $9.2 billion of GDP in 2025, according to the World Bank. That is $14,817 per person, or $35,423 per person at purchasing power parity in 2025.

Has Montenegro's economy recovered from 2020?

The World Bank has growth at 2.7% for 2025 and 3.2% for 2024. Those years follow a fall of 15.0% in 2020 and a rebound of 13.1% in 2021, and the IMF projected 2.8% for 2026 and 2.7% for 2027.

What was inflation in Montenegro in 2025?

Montenegro's inflation was 3.9% in 2025 by the World Bank's measure, with 3.3% in 2024 and 13.0% in 2022 before it. For 2026 the IMF projected 3.2%.

How much does the government of Montenegro owe?

By the IMF's estimate, Montenegro's general government owed 67.1% of GDP in 2025, below the 108.4% of 2020 but above the 59.6% of 2023. It projected 62.4% for 2026 and 66.1% for 2031, and put net borrowing at 3.6% of GDP in 2025.

How wide is Montenegro's current account deficit?

Montenegro's current account showed a deficit of 20.4% of GDP in 2025, on World Bank figures, after 49.5% in 2008 and 9.3% in 2021, the smallest gap on record.

How many people live in Montenegro?

Montenegro had 623,129 inhabitants in 2025, the World Bank estimates. Those aged 65 or over were 18.3% of the population in 2025 and 11.1% in 2000.

Record generated 2026-08-31, series 2026-09-27 · Q236 · World Bank data · Europe