Montenegro Macroeconomic Indicators 2024
Based on the Montenegro Chamber of Commerce presentation and Monstat's final annual estimate
According to the final Monstat figures (after the benchmark revision of the national accounts), Montenegro's nominal GDP for 2024 was €7,645 million and GDP per capita €12,260. Data for 2025 are already available: the average net wage for 2025 was €1,012 (Monstat).
Key indicators
Final Monstat figures; the lowest rate since the pandemic (2022: +6.4%, 2023: +6.5%)
Price stabilisation
In December — €1,012
Record high
Decreased compared to the previous year
Industry
Foreign trade
Main trading partners: Serbia, China, Germany, Italy.
Tourism
Main tourists: from Serbia, Russia, Bosnia and Herzegovina, Turkey and Germany.
Foreign direct investment
Main sectors: real estate — 51%, companies and banks — 13%
Leading investors: Serbia, Russia, Turkey, Germany, Switzerland
Construction and banking
Output grew by +2.4%, however the number of building permits issued declined.
Growth in deposits and lending; the system remains stable. Main borrowers: individuals — 43%, businesses — 33%.
The number of companies with blocked accounts grew by 5%, total debt — by 14%.
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Current as of August 2026. This material is for information purposes.