Gross domestic product of Montenegro in the 3rd quarter of 2015 was 1 176 million EUR, while in the same period of the previous year was 1 125 million EUR.

This release presents the preliminary data for quarterly gross domestic product (QGDP), at current and constant prices according to ESA 2010 methodology for the 1st-3rd quarter 2015 as well as revised time series of quarterly GDP for period 1st quarter 2010 - 4th quarter 2014. 

 

Adoption of the European System of Accounts methodology - ESA 2010 and revision of published annual GDP data for the period 2010 - 2013 as well as the publication of results of annual GDP for 2014, created conditions for a revision of the time series of quarterly GDP according to the ESA 2010 methodology. The changes that have had an impact on the level of quarterly GDP are methodological changes based on ESA 2010: "capitalization costs of research and development" and "capitalization costs of military weapons."

 

The changes affected an increase in the level of quarterly GDP, but this impact is not significantly change the previously published real growth rates of quarterly GDP.