Montenegro’s GDP grows 6% in 2023 - c-bank

The systemic risk to financial stability is seen as moderate and emphasizes the need to continue careful monitoring of financial system stability indicators, the Montenegrin central bank said in a statement on Tuesday.

In January, the Montenegrin government said it is targeting average annual economic growth of 3.2% from 2024 to 2026, mainly driven by domestic demand.

Last month, the World Bank adjusted its two-year forecast for Montenegro’s GDP growth by lifting it by 0.1 percentage points to 3.2% for this year, and by 0.2 percentage points to 3.1% for 2025. It estimates that the Montenegrin economy expanded 4.8% in 2023.