Montenegrin GDP grows 3% in Q1 2019

Montenegrin GDP grows 3% in Q1 2019

Published at: 2019-06-25 11:36 | Author: CIJ Serbia
In Q1 2019 Montenegrin GDP increased by 3 percent compared to the first three months of 2018. According to official government data GDP in absolute terms reached €876.5m. The country's state statistics institute Monstat wrote that the growth was based on increased investments, improved tax and customs duties collection. The biggest gain from a sector standpoint, it wrote was tourism, with a 38 jump in tourist arrivals and 22 percent more overnight stays. It produced 8 percent higher tourism revenues for the quarter than in 2018, or a total of €47.3m. Significant growth was also recorded in the services sector, traffic and information and communication," said Gordana Radojević, director of Monstat.

Similar Stories:

Hungarian construction growth slows in May
Output within the Hungarian construction sector dropped 26.3 percent y-o-y in May, accordi  »
Montenegro's most expensive locations
Real estate prices in Montenegro have risen to the same levels as in numerous European cit  »
FDI hits record levels in Western Balkans
The Western Balkans recorded its largest inflow of greenfield direct investment (FDI) in a  »
Montenegro ranks top in region on Global Index of Economic Openness
Montenegro is the best-ranked country in the Balkan region when it comes to openness as we  »
Poland failed to win the next Jaguar and Land Rover factory, on which the automobile giant   »
hat the problems of the sector were never going to come from that side of the development   »
But last year also marked another important deal for Poland, as Norges Bank Investment Man   »