Gross Capital Formation (As % of GDP) fell to 28.4% in Montenegro in 2019

Gross Capital Formation (As % of GDP) (%)
Economy | Montenegro | January 1, 2020
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Gross capital formation as a share of GDP reached 28.4 % in 2019 in Montenegro, according to the National Statistical Office. This is 6.12 % less than in the previous year.

Historically, gross capital formation as a share of GDP in Montenegro reached an all time high of 30.2 % in 2018 and an all time low of 0.162 % in 2003. When compared to Montenegro's main peers, gross capital formation as a share of GDP in Albania amounted to 21.7 %, 19.0 % in Bosnia and Herzegovina, 20.6 % in Croatia and 21.6 % in Serbia in 2019.

Montenegro has been ranked 41st within the group of 163 countries we follow in terms of gross capital formation as a share of GDP, 11 places above the position seen 10 years ago.

Measures the value of acquisitions of new or existing fixed assets by the business sector, governments and "pure" households (excluding their unincorporated enterprises), less disposals of fixed assets.

Gross Capital Formation (As % of GDP) Unit 2015 2016 2017 2018 2019 2020 2021 2022 2023
Albania % 0.249% 21.7% 21.7% 22.1% 22.9%
Bosnia and Herzegovina % 0.211% 17.2% 19.0% 19.7% 19.6%
Croatia % 0.209% 20.4% 20.6% 20.3% 19.8%
Greece % 0.125% 12.6% 13.8% 14.8% 15.4%
Hungary % 0.227% 23.3% 23.3% 23.4% 24.0%
Italy % 0.176% 18.1% 18.4% 18.3% 18.2%
Kosovo % 0.284% ... ... ... ... ... ...
Macedonia % 0.330% ... ... ... ... ... ...
Montenegro % 0.290% 30.2% 28.4% 23.4% 24.3%
Romania % 0.244% 24.3% 22.9% 22.8% 22.6%
Serbia % 0.210% 21.3% 21.6% 21.8% 21.7%
Slovenia % 0.193% 20.3% 20.8% 21.2% 22.0%