Private Consumption in Montenegro
Over the past decade until 2022, Montenegro's economy registered an average growth rate of 3.3% in private consumption, surpassing the Eastern Europe average of 2.1%. In 2022, private consumption growth was 9.7%. For more private consumption information, visit our dedicated page.
Montenegro Private consumption Chart
Note: This chart displays Private Consumption (annual variation in %) for Montenegro from 2013 to 2023.
Source: Macrobond.
Montenegro Private consumption Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Private Consumption (ann. var. %) | 3.1 | -4.6 | 4.1 | 9.7 | 6.5 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Montenegrin private consumption projections for the next ten years from a panel of 5 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable private consumption forecast available for Montenegrin private consumption.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Montenegrin private consumption projections.
Want to get access to the full dataset of Montenegrin private consumption forecasts? Send an email to info@focus-economics.com.