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Headline data

Annual growth rate of real GDP per capita
Year Value Units
2010 2.7
2011 3.2
2012 -2.7
2013 3.5
2014 1.8
2015 3.4
2016 2.9
2017 4.7
2018 5.1
2019 4.1
2020 -15.3
2021 13.0

Source: Monstat

Geographical Area: Montenegro

This table provides metadata for the actual indicator available from Montenegro statistics closest to the corresponding global SDG indicator. Please note that even when the global SDG indicator is fully available from Montenegrin statistics, this table should be consulted for information on national methodology and other Montenegrin-specific metadata information.

Goal

Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all
Target

Sustain per capita economic growth in accordance with national circumstances and, in particular, at least 7 per cent gross domestic product growth per annum in the least developed countries
Indicator

Annual growth rate of real GDP per capita

This table provides information on metadata for SDG indicators as defined by the UN Statistical Commission. Complete global metadata is provided by the UN Statistics Division.

Goal

Goal 8: Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all
Target

Target 8.1: Sustain per capita economic growth in accordance with national circumstances and, in particular, at least 7 per cent gross domestic product growth per annum in the least developed countries
Indicator

Indicator 8.1.1: Annual growth rate of real GDP per capita
Methodology of indicator as monitored in UN

Annual growth rate of real Gross Domestic Product (GDP) per capita is calculated as the percentage change in the real GDP per capita between two consecutive years. Real GDP per capita is calculated by dividing GDP at constant prices by the population of a country or area. The data for real GDP are measured in constant US dollars to facilitate the calculation of country growth rates and aggregation of the country data. Computation Method: The annual growth rate of real Gross Domestic Product (GDP) per capita is calculated as follows: a. Convert annual real GDP in domestic currency at 2005 prices for a country or area to US dollars at 2005 prices using the 2005 exchange rates. b. Divide the result by the population of the country or area to obtain annual real GDP per capita in constant US dollars at 2005 prices. c. Calculate the annual growth rate of real GDP per capita in year t+ 1 using the following formula: [(G(t+1) - G(t))/G(t)] x 100%, where G(t+1) is real GDP per capita in 2005 US dollars in year t+1 and G(t) is real GDP per capita in 2005 US dollars in year t.

Source 1

Source

Monstat
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