Žabljak
Pretežno vedro
20.7 °C
Pljevlja
Umjereno oblačno
24.3 °C
Herceg Novi
Malo oblačno
26.4 °C
Nikšić
Umjereno oblačno
24.4 °C
Cetinje
Malo oblačno
27.3 °C
Bar
Umjereno oblačno
25.1 °C
Podgorica
Umjereno oblačno
30.3 °C
Ulcinj
Malo oblačno
25.2 °C
Kolašin
Malo oblačno
20.3 °C

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Montenegro

MONSTAT SAID 21. 06. 2019.   >>  19:14 0

MONSTAT SAID

Three percent GDP growth in the first quarter.

Gross domestic product (GDP) of Montenegro in the first quarter of 2019 amounted to EUR 876.5 million, and additional value of more than EUR 40 million, in relation to the same quarter of the previous year, was created in the absolute amount, data from the Statistical Office (MONSTAT) show.

As announced at a press conference, real GDP growth in in the first quarter was three percent, while the nominal growth rate was 4.4 percent.

According to EUROSTAT data, Montenegro is at 47 percent of the EU's development.

"In the first quarter of this year, the most significant growth was recorded in tourism, 38% when it comes to tourist arrivals, or 22% when it comes to tourist overnight stays. On this basis, tourism revenues increased by eight percent in the first quarter, and according to the Central Bank data, they amounted to EUR 47.3 million. Significant growth was also recorded in the services sector, traffic and information and communication," said director of MONSTAT Gordana Radojevic.

The decline in production of 14% was recorded in the industrial production sector.

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