Montenegro's gross domestic product in 2025 was 8,269 million euros, with real growth of 3.3%, MONSTAT reported on 25 September 2026. In 2024 GDP was 7,645 million euros and real growth 3.2%. GDP per capita rose from 12,260 to 13,271 euros. The largest share of value added comes from trade, 1,189.8 million euros, followed by tourism and hospitality, 620.9 million euros. In the second quarter of 2026 the economy grew 3.8% in real terms, and in the first quarter 2.6%.
This guide explains what GDP is, how large it is, which sectors create most of it and how the economy is moving in 2026.
How large is Montenegro's GDP?
| Indicator | 2024 | 2025 |
| GDP at current prices | 7,645 million € | 8,269 million € |
| real GDP growth | 3.2% | 3.3% |
| nominal GDP growth | 8.1% | 8.2% |
| deflator | 4.8% | 4.7% |
| population | 623.5 thousand | 623.1 thousand |
| GDP per capita | 12,260 € | 13,271 € |
- Real growth shows how much the economy grew once price increases are removed, while nominal growth includes price increases.
- The 4.7% deflator shows how much rising prices contributed to nominal growth in 2025.
- Taxes on products minus subsidies made up 1,797.5 million euros of GDP in 2025.
Which sectors contribute most to GDP?
| Sector | Value added 2024 | Value added 2025 |
| trade and vehicle repair | 1,063.3 million € | 1,189.8 million € |
| accommodation and food services | 585.3 million € | 620.9 million € |
| real estate | 458.5 million € | 535.7 million € |
| public administration and defence | 436.0 million € | 447.2 million € |
| transport and storage | 331.3 million € | 361.3 million € |
| finance and insurance | 345.0 million € | 343.9 million € |
| education | 322.7 million € | 342.7 million € |
| construction | 295.4 million € | 332.5 million € |
| information and communication | 328.9 million € | 330.6 million € |
| electricity supply | 194.9 million € | 115.0 million € |
- Value added in trade rose by 126.5 million euros, and in real estate by 77.2 million euros.
- Value added in electricity supply fell from 194.9 to 115.0 million euros, and in mining from 79.7 to 58.5 million euros.
- Manufacturing created 290.3 million euros, and agriculture, forestry and fishing 276.0 million euros.
How is the economy growing in 2026?
- In the first quarter of 2026 GDP was 1,652.7 million euros, with real growth of 2.6%.
- In the second quarter of 2026 GDP was 2,146.0 million euros, and real growth 3.8% compared with the same quarter of 2025.
- Household consumption in the second quarter of 2026 made up 82.1% of GDP, and gross fixed capital formation 24.7%.
- The Ministry of Finance projects GDP for 2026 at 8,591.2 million euros in its fiscal policy guidelines.
- The 2026 quarterly figures are preliminary and MONSTAT may revise them.
How prices are moving is explained in our guide to inflation, and pay by sector in our guide to salaries by sector. Population figures are in our guide to the population census, and tourist arrivals in our guide to tourism statistics.
Frequently asked questions
What is Montenegro's GDP for 2025? According to MONSTAT data published on 25 September 2026, GDP was 8,269 million euros.
What is GDP per capita in Montenegro? In 2025 it was 13,271 euros, and in 2024 12,260 euros.
How much did the economy grow in 2025? Real GDP growth in 2025 was 3.3%, and in 2024 3.2%.
Which sector creates the largest part of GDP? Trade, with 1,189.8 million euros of value added in 2025, followed by accommodation and food services with 620.9 million euros.
How is the economy growing in 2026? In the first quarter of 2026 real growth was 2.6%, and in the second 3.8%, according to preliminary data.
What is the GDP projection for 2026? The Ministry of Finance projects GDP of 8,591.2 million euros for 2026.
Sources
Annual GDP, GDP per capita and value added by sector are published by MONSTAT in its GDP release for 2025, growth in 2026 in its quarterly GDP release for the second quarter of 2026 and on its 2026 quarterly GDP page. The 2026 projection is given in the Ministry of Finance quarterly public debt report. The information was checked on 29 September 2026. Fijaka is a classifieds platform; this text is not financial advice.