Montenegro’s Economic Growth Outlook: 2024-2027

The Government of Montenegro has adopted the Guidelines for Macroeconomic and Fiscal Policy for the period 2024-2027. Based on strategic and planning documents, these guidelines form the foundation for the 2025 budget preparation.

Preliminary forecasts indicate a real economic growth of 3.8% in 2024, driven by the continued expansion of the tourism sector, sustained high private consumption, and the recovery and further growth of investments based on relevant plans and the approved 2024 capital budget.

Over the medium term, the Montenegrin economy is expected to grow at an average annual rate of 3.7%, with projections of 4.8% in 2025, followed by 3.1% in 2026 and 3.2% in 2027. This growth will primarily be fueled by strong domestic demand, particularly robust private consumption, and investment growth, thanks to removing business barriers.

Through the Growth Plan, EU financial instruments further support the country’s growth prospects, ensuring a favorable economic outlook for the upcoming years.

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