Montenegro Economy Report Q3 2016

The country’s real GDP annual growth was 2.4% in the third quarter of 2016, according to the Statistical Office of Montenegro (MONSTAT). The GDP totalled EUR 1.209 bln in constant prices in Q3 2016, compared to EUR 1.176 bln in the corresponding quarter of the previous year.

Final consumption increased in value terms by 3.0% on the year to EUR 909.6 mln in Q3 2016. Gross capital formation went up by 32.0% to EUR 248.3 mln. Imports and exports grew by 13.9% and 13.3%.