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Q2 2015 GDP of Montenegro – Statistics

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Statistical Office of Montenegro (Monstat) has published release which presents the preliminary data for quarterly gross domestic product (Q2 GDP), at current and constant prices, by expenditure approach for the Q2 of 2015.

The release presents the preliminary data for quarterly gross domestic product (QGDP), at current and constant prices, by expenditure approach for the second quarter of 2015. Gross domestic product of Montenegro in the second quarter of 2015 was 834 million EUR, while in the same period of the previous year was 789 million EUR. The real growth rate of gross domestic product in the second quarter of 2015 is 3.4%.

Source: Monstat

 

What is GDP?

Gross domestic product (GDP) is a monetary measure of economic activity, which captures the value of goods and services produced by an economy during a given period, typically a year or a quarter. As it measures economic output expressed in monetary terms, it allows the estimating of economic performance and to measure the size of an economy.

In the EU context, the ‘Beyond GDP’ debate has been re-ignited in connection with the current reflection on the post-2020 cohesion policy framework. Additional regional indexes, such as the EU Regional Social Progress Index released in October 2016, can help support result-orientation, improve monitoring performance and enable a more comprehensive assessment of territorial development.

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