Montenegro Economy Report Q1 2016

The country’s real GDP annual growth was 1.1% in the first quarter of 2016, according to the Statistical Office of Montenegro (MONSTAT). The GDP totalled EUR 684.5 mln in constant prices in Q1 2016, compared to EUR 683.7 mln in the corresponding quarter of the previous year.

Final consumption increased in value terms by 3.1% on the year to EUR 775.2 mln in Q1 2016. Gross capital formation went up by 9.9% to EUR 151.4 mln. Imports grew by 14.3%, while exports fell by 4.0%.