Montenegro
Everything Palanor holds about Montenegro, in one place: 46 public signals, what its economy runs on, how often America’s largest companies name it, the news that names it, and Country Posture. Every figure is computed from stored readings and carries its source and date.
Europe
The latest read
- GDP in current U.S. dollars: $9.23 billion (2025); record high since 1997; 1y +11.6%.
- Household consumption, share of GDP: 81.3% of GDP (2025); 71st percentile since 2000; highest since 2020; 1y +2.38 pts.
- Net exports, share of GDP: -25.7% of GDP (2025); 21st percentile since 2000; lowest since 2020; 1y −3.20 pts.
Country Posture
What Montenegro’s economy is doing
Momentum
2025Inputs only. Did not pass the pre-registered back-test: 1996–2009: AUC 0.590 below 0.60; AUC 0.590 below the single-input baseline (0.624); 2010–2022: AUC 0.595 below 0.60; AUC 0.595 below the single-input baseline (0.641).
Inputs
| Real GDP growth | 2.7 |
| Growth against its three-year average | -3.0 |
| Change in unemployment | 0.4 |
| Change in the employment rate | -0.4 |
| Export volume growth | — |
| OECD leading indicator | — |
Resilience
2025Withheld: 3 of 5 core inputs reported for 2025.
Inputs
| Interest as a share of revenue | — |
| Budget balance | — |
| Reserves, months of imports | 3.9 |
| Current account | -20.4 |
| Governance (WGI mean) | 0.30 |
| External debt (2024) | 109 |
Pressure
2025Inputs only. Did not pass the pre-registered back-test: 1996–2009: AUC 0.657 below the single-input baseline (0.672).
Inputs
| Inflation | 3.9 |
| Change in inflation | 0.6 |
| Currency move against the dollar | -4.1% |
| Conflict deaths per million | 0.0 |
| Political stability | 0.45 |
| Private credit, three-year change (2024) | -7.3 |
| Bond spread over U.S. Treasuries | — |
Posture describes what an economy is doing; it is not a rating and never ranks countries. Each input is read against the country’s own history and against every other economy that year. An axis shows a score only after passing a back-test fixed before any result was computed. Method and back-test.
Passport reach
Where a Montenegro passport opens doors
The share of world GDP, outside Montenegro itself, in the economies whose published rules let a holder of this passport in, as of October 2026. Palanor records the rules of destinations holding 88% of world GDP, from each government’s own list, and weights them by World Bank GDP for 2025. Rank is among 199 passports.
Work
13.0%rank 75 of 199
the right to work (free movement in full; treaty and working-holiday routes at half); 0 destinations in full, 1 at half.
Recorded changes
Investment migration programs
- Special investment programme for citizenship (2019 to 2022) citizenship · ClosedGovernment minimum — for one person (agent fees excluded). 1,282 citizenships granted in 2024, 2.06 per 1,000 residents.
Reach is shown here and not weighted into Country Strength: it rewards membership of a free-movement area or a treaty more than the strength of an economy. Entry is always at the border officer’s discretion, and conditions (length of stay, fees, age limits) vary. Method, sources and the full ranking: Passports and citizenship.
Palanor calculation from each destination government's published rules; GDP weights from the World Bank (CC BY 4.0), one year for the whole line, so it moves only when a list changes.
GDP by expenditure
What Montenegro’s economy runs on
In 2025, household spending was 81.3% of GDP, government consumption 17.4%, investment 26.9% and net exports -25.6% (exports 40.1%, imports 65.7%).
World Bank national accounts. The parts can miss 100 by a few points (the statistical discrepancy).
Same World Bank definition for every country, so the shares compare directly: What each economy runs on.
IMF World Economic Outlook
The IMF’s outlook for Montenegro
The latest year before the October 2026 edition (often still an IMF estimate) and the IMF’s own projections. These are the IMF’s published forecasts, shown as published; Palanor does not project them further. Since the previous edition the IMF raised its growth forecast for this year by 0.2 percentage points (Palanor calculation).
| Measure | 2025 | 2026 IMF f’cast | 2027 IMF f’cast | 2031 IMF f’cast |
|---|---|---|---|---|
| Real GDP growth% | 2.7 | 3.0 | 2.8 | 3.0 |
| Inflation, average consumer prices% | 3.9 | 3.5 | 3.3 | 2.2 |
| GDP, current US dollarsUS$ bn | 9.2 | 10.1 | 10.8 | 13.1 |
| GDP at purchasing-power parityintl $ bn | 21.4 | 22.8 | 24.2 | 29.4 |
| GDP per person, US dollarsUS$ | 14,784 | 16,211 | 17,208 | 20,976 |
| Current account balance% of GDP | -20.6 | -19.7 | -19.0 | -15.9 |
| Government gross debt% of GDP | 63.5 | 66.8 | 61.1 | 64.9 |
| Government overall balance% of GDP | -4.3 | -3.6 | -3.7 | -4.2 |
| Government primary balance% of GDP | -2.3 | -1.6 | -1.6 | -1.4 |
| Government net interest paid% of GDP · Palanor calc. | 2.0 | 2.0 | 2.1 | 2.8 |
Source: IMF World Economic Outlook Database (edition on the projection). Dashed: the IMF's published projection.
Source: IMF World Economic Outlook Database (edition on the projection). Dashed: the IMF's published projection.
Source: IMF World Economic Outlook Database, October 2026. Provided by the IMF “as is” and free of charge from the IMF; the IMF does not endorse Palanor. Net interest paid is a Palanor calculation: the IMF's primary balance minus its overall balance.
News
In the news
- Gloria Montenegro, Premio Nacional de Ciencias Aplicadas: “No podría quedarme en mi laboratorio; si no estás con la gente, no es lo mismo”
La Tercera2026-10-11neutral
- Founder of Russian war blog Rybar arrested in Montenegro reut.rs/4drdBfp
Reuters · Bluesky2026-10-09negative · -war
- Guillermo Montenegro volvió a asumir como intendente y reconoció que Mar del Plata vive un problema “muy grave” con la inseguridad
La Nación (Argentina)2026-10-07neutral
- Guillermo Montenegro regresará a la intendencia de Mar del Plata tras diez meses en el Senado bonaerense
La Nación (Argentina)2026-10-02neutral
Headlines that name Montenegro, matched by name with fixed rules (a wrong match is worse than a missing one). Tone is read from each headline’s own words; no model reads or summarizes an article, and other publishers’ stories link out.
Signals
Every series about Montenegro
Grouped by theme, the most-read first. All 46 in the Library.
Growth and output2
- Montenegro · GDP · USD bn (current)record high since 1997; 1y +11.6%$9.23bn2025
- Crna Gora, Montenegro (ME00) · At Risk of Poverty or Social Exclusion · % of populationrecord low since 2015; 1y −1.80 pts29.2% of population2024
Trade and capital flows1
- Montenegro · Net International Investment Position, % of GDP (IMF)84th percentile since 2010; lowest since 2022; 1y −14.42 pts-114.6% of GDP2025
Migration4 of 6
- International Migrant Stock: Montenegro (UN)record high since 199092,237 people2024
- International Migrants as a Share of Population: Montenegro (UN)record high since 199014.4% of population2024
- U.S.-Born People Living in Montenegro (UN)69th percentile since 1990314 people2024
- Change in Migrant Share of Population Since 2000: Montenegro (UN)2.822024
More about this country1
- Montenegro · IMF Credit Outstanding · USD bn (IMF)record low since Jun 2020; 1y unchanged$0bn2026-09-01
Peers
Elsewhere in Europe
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