Montenegro Achieved 4.7% GDP Growth Rate, says MONSTAT

By , 21 Dec 2019, 19:16 PM Business

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December 21, 2019 - The Gross domestic product (GDP) amounted to €1.63 million in the 3rd quarter of the year, according to preliminary data of MONSTAT. Head of this state body, Ms Gordana Radojević, noted that the GDP real growth rate amounted to 4.7 per cent in the 3rd quarter of 2019.

 

“In the absolute value, we have achieved an added value by more than €100 million compared to the same quarter last year. Positive movements in GDP in the third quarter are the result of increased production in almost all economic sectors,” Ms Radojevic told the press.

She added that the highest growth in the 3rd quarter was recorded in the construction sector.

 

“We’ve recorded a 31.4% growth by measuring the value of completed construction works.”

Enormous contribution to the GDP growth in the 3rd quarter has come from tourism, Ms Radojević concluded.

Text by CDM read more here

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