Montenegro 2023
Detailed economic analysis and indicators for 2023
Key Economic Indicators (2023)
GDP (Current USD)
$7.53 billion
↑ 20.88% vs 2022GDP per Capita
$12,221.48
↑ 21.08% vs 2022GDP Growth (Annual %)
6.34%
↓ 0.07pp vs 2022Inflation Rate (CPI %)
8.58%
↓ 4.46pp vs 2022Year-over-Year Comparison
| Indicator | 2022 | 2023 | Change |
|---|---|---|---|
| GDP (Current USD) | $6.23 billion | $7.53 billion | +20.88% |
| GDP per Capita | $10,093.44 | $12,221.48 | +21.08% |
| GDP Growth (Annual %) | 6.41% | 6.34% | -0.07pp |
| Inflation (CPI %) | 13.04% | 8.58% | -4.46pp |
| Unemployment Rate (%) | 14.85% | 14.62% | -0.23pp |
All Economic Indicators (2023)
National Accounts
- GDP (Current USD)
- $7.53 billion
- GDP per Capita
- $12,221.48
- GDP Growth (Annual %)
- 6.34%
- Gross National Income
- $7.60 billion
Prices & Employment
- Inflation (CPI %)
- 8.58%
- Inflation (GDP Deflator %)
- 10.54%
- Unemployment Rate (%)
- 14.62%
- Interest Rate (Real %)
- -3.80%
Trade & Investment
- Exports (Goods & Services)
- N/A
- Imports (Goods & Services)
- N/A
- FDI Inflow
- N/A
- FDI Outflow
- N/A
Balance & Debt
- Current Account Balance (% GDP)
- -11.31%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2023, Montenegro's Gross Domestic Product (GDP) is $7.53 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Montenegro for 2023 is $12,221.48. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Montenegro for 2023 is 8.58%. This measures the annual percentage change in the cost of consumer goods and services.
Montenegro's annual GDP growth rate for 2023 is 6.34%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Montenegro for 2023 is 14.62%. This represents the percentage of the labor force that is unemployed and actively seeking employment.