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Montenegro Economy Report Q2 2016

The country’s real GDP annual growth was 2.7% in the second quarter of 2016, according to the Statistical Office of Montenegro (MONSTAT). The GDP totalled EUR 869.3 mln in constant prices in Q2 2016, compared to EUR 830.2 mln in the corresponding quarter of the previous year.

Final consumption increased in value terms by 4.9% on the year to EUR 917.2 mln in Q2 2016. Gross capital formation went up by 44.4% to EUR 310.0 mln. Imports grew by 21.2%, while exports increased by 17.0%.

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