Montenegro's gross capital formation (current LCU) was 2.2 billion in 2025, the latest year in the World Bank's World Development Indicators. That is up 208.47% from 713.45 million in 2015 (11.92% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 2.2 billion | 2025 |
| Five years earlier | 1.25 billion | 2020 |
| Ten years earlier | 713.45 million | 2015 |
| Highest | 2.2 billion | 2025 |
| Lowest | 232.77 million | 2003 |
| Average since 2016 | 1.53 billion | 2016–2025 |
| First recorded | 238.59 million |
What the numbers say
In 2025, Montenegro's gross capital formation (current LCU) rose 11.2% on 2024 (from 1.98 billion to 2.2 billion).
Across the 24 yearly changes before that (2001 to 2024), the average change was +12% and a typical year strayed about 25.7% from that (the standard deviation). This year's change was 0.0 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 80.9% in 2007 and the biggest yearly fall was 37.2% in 2009. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2016 to 2025 the straight-line trend is upward, about 111.82 million a year. A straight line explains 80% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
A straight-line projection, tested first
Extending that straight line gives about 2.43 billion for 2028. We show this only because the same method, fitted on earlier years, predicted 2023 to 2025 better than "no change" would have: its average miss was 186.91 million, against 353.06 million for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.
See how a linear trend forecast works and the guide on forecasting without fooling yourself.
How it compares
In 2025, Montenegro had the 128th highest value of the 130 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Montenegro in the 2025 ranking
- Malta — 124th of 130: 4.6 billion
- West Bank and Gaza — 125th of 130: 4.39 billion
- Kosovo — 126th of 130: 3.81 billion
- São Tomé and Principe — 128th of 130: 1.86 billion
- Samoa — 129th of 130: 1.08 billion
- Equatorial Guinea — 130th of 130: -274.55 billion
What this measures
Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 26 values
| Year | Gross capital formation (current LCU) |
|---|---|
| 2025 | 2,200,768,511 |
| 2024 | 1,978,419,300 |
| 2023 | 1,798,842,900 |
| 2022 | 1,639,614,300 |
| 2021 | 1,253,877,800 |
| 2020 | 1,247,072,200 |
| 2019 | 1,514,202,500 |
| 2018 | 1,442,447,400 |
| 2017 | 1,218,200,600 |
| 2016 | 982,578,500 |
Gross capital formation (current LCU) in nearby economies
- Albania — 628.23 billion (2024)
- Armenia — 2.74 trillion (2025)
- Austria — 121.33 billion (2025)
- Azerbaijan — 24.38 billion (2025)
- Belarus — 77.75 billion (2025)
- Belgium — 165.3 billion (2025)
- Bosnia and Herzegovina — 16.25 billion (2025)
- Bulgaria — 25.2 billion (2025)
- Croatia — 22.86 billion (2025)
- Cyprus — 7.03 billion (2025)
- Czechia
More economic policy & debt data for Montenegro
- Adjusted savings, mineral depletion (current US$) — US$651,532 (2021)
- Medium and high-tech manufacturing value added (% manufacturing value added) — 14.86% (2024)
- Adjusted savings, carbon dioxide damage (current US$) — US$105.26 million (2021)
- GDP (current US$) — US$9.23 billion (2025)
- GDP (current LCU) — 8.17 billion (2025)
- GDP, linked series (current LCU) — 8.17 billion (2025)
- GDP (constant 2015 US$) — US$5.47 billion (2025)
- GDP (constant LCU) — 4.66 billion (2025)
- GDP, PPP (current international $) — 22.07 billion (2025)
- GDP, PPP (constant 2021 international $)
Reading data like this
Questions people ask
- What is Montenegro's gross capital formation (current LCU)?
- 2.2 billion in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 2000?
- It is up 822.39% from 238.59 million in 2000 (9.29% a year on average, compounded). The highest value was 2.2 billion in 2025 and the lowest 232.77 million in 2003.
Source
World Bank, World Development Indicators, indicator NE.GDI.TOTL.CN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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