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Montenegro's real GDP growth quickens to 4.9% y/y in Q2

Author Radomir Ralev
Montenegro's real GDP growth quickens to 4.9% y/y in Q2 License: Creative Commons BY-NC 2.0

PODGORICA (Montenegro), September 28 (SeeNews) – Montenegro's gross domestic product (GDP) grew by a real 4.9% on the year in the second quarter of 2018, following a 4.5% increase in the previous quarter, preliminary data of the statistical office indicated on Friday.

In the second quarter of 2017, Montenegro's real GDP growth was 5.1%.

Montenegro's GDP growth quickened nominally to 8.6% in the three months through June 2018, from 7.6% a year ago, the statistical office said in a statement.

The country’s GDP totalled 1.078 billion euro ($1.25 billion) at current prices in the second quarter of 2018, up from 946.9 million euro a year earlier.

Final consumption expenditure rose to 1.083 billion euro in the second quarter of 2018 from 994 million euro in the like period of the previous year. Exports totalled 439.8 million euro and imports amounted to 832.6 million euro.

($ = 0.862263 euro)

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