In 2018, Montenegro’s national economy grew by 5%

Montenegro’s GDP reached 4.66 billion euros, compared with 4.3 billion euros a year earlier, according to the statistical agency Monstat.

For comparison: Russia’s GDP growth rate in 2018 was significantly lower at 2.3% (Rosstat data).

In 2018, gross domestic product per capita in Montenegro increased to 7,495 euros, up from 6,908 euros in 2017.

This year, Montenegro’s central bank forecasts a slowdown in the growth rate of the national economy to 3%. However, public debt is expected to rise to 78% of GDP. In 2020, it is expected to decline to 71% of GDP, the World Bank notes.