Solid growth of the Montenegrin economy in the first quarter

The gross domestic product of Montenegro increased by 6.1 percent compared to the same period last year, the Montenegrin Agency for Statistics announced.
This growth comes after GDP increased by 3.3 percent in the last quarter of last year on the wings of high household consumption growth of 20.9 percent.
Fixed investments increased by 23.6 percent, while on the other hand, government spending grew much slower – 1.7 percent.
Net exports also contributed to the GDP, as exports increased by 43.2 percent and imports by 41.8 percent.

Sign up for business news updates & special reports.