The country’s real GDP annual growth was 3.2% in 2015, according to the Statistical Office of Montenegro (MONSTAT). The GDP totalled EUR 3.567 bln in constant prices in 2015, compared to EUR 3.422 bln in the previous year.
In Q4 2015 alone, Montenegro’s annual GDP growth slowed down to 1.4% from 4.2% in the previous quarter. The GDP amounted to EUR 880.6 mln in Q4 2015, thus contributing 24.7% to the total annual GDP.
Final consumption increased in value terms by 0.6% on the year to EUR 3.485 bln in 2015, contributing 97.7% to the GDP. Gross capital formation went up by 9.8% to EUR 726.0 mln. Both exports and imports grew, by 10.9% and 6.6%, respectively.