Exports as a share of GDP fell 10.2% to 0.449% in Montenegro in 2024, according to the National Statistical Office.
Historically, exports as a share of GDP in Montenegro reached an all time high of 0.515% in 2022 and an all time low of 0.260% in 2020. When compared to Montenegro's main peers, exports as a share of GDP in Albania amounted to 0.361%, 0.428% in Bosnia and Herzegovina, 0.498% in Croatia and 0.527% in Serbia in 2024.
Montenegro has been ranked 46th within the group of 130 countries we follow in terms of exports as a share of GDP, 24 places above the position seen 10 years ago.
Exports (As % of GDP) | Unit | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
Albania | % | 0.311% | 0.309% | 0.225% | 0.311% | 0.372% | ||||||||||||||||
Bosnia and Herzegovina | % | 0.420% | 0.400% | 0.342% | 0.426% | 0.483% | ||||||||||||||||
Croatia | % | 0.491% | 0.505% | 0.413% | 0.498% | 0.595% | ||||||||||||||||
Greece | % | 0.386% | 0.396% | 0.315% | 0.403% | 0.490% | ||||||||||||||||
Hungary | % | 0.834% | 0.811% | 0.781% | 0.794% | 0.895% | ||||||||||||||||
Italy | % | 0.308% | 0.309% | 0.287% | 0.312% | 0.351% | ||||||||||||||||
Kosovo | % | 0.291% | 0.293% | 0.217% | 0.334% | 0.386% | ||||||||||||||||
Macedonia | % | 0.604% | 0.624% | 0.578% | 0.654% | 0.728% | ||||||||||||||||
Montenegro | % | 0.429% | 0.438% | 0.260% | 0.428% | 0.515% | ||||||||||||||||
Romania | % | 0.415% | 0.401% | 0.368% | 0.405% | 0.434% | ||||||||||||||||
Serbia | % | 0.487% | 0.490% | 0.461% | 0.523% | 0.607% | ||||||||||||||||
Slovenia | % | 0.856% | 0.844% | 0.783% | 0.840% | 0.940% |