Western Balkans: GDP growth by country 2024 | Statista

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Montenegro was expected to achieve the highest gross domestic product (GDP) growth among Western Balkan countries in 2022, at nearly seven percent compared to the previous year. Furthermore, Montenegro saw the most significant decline in GDP due to the COVID-19 pandemic in 2020, at over 15 percent.

Real gross domestic product (GDP) growth in the Western Balkans from 2019 to 2024, by country

Characteristic	Albania	Bosnia and Herzegovina	Kosovo	Montenegro	North Macedonia	Serbia
2024**	2.5%	3.2%	4.2%	3.1%	2.9%	2.8%
2023**	2.3%	2.8%	3.7%	3.4%	2.7%	2.7%
2022*	3.2%	4%	3.1%	6.9%	2.1%	3.2%
2021	8.5%	7.5%	10.5%	13%	4%	7.4%
2020	-3.5%	-3.1%	-5.3%	-15.3%	-6.1%	-0.9%
2019	2.1%	2.8%	4.8%	4.1%	3.9%	4.3%

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Release date

October 2022

More information

Region

CEE

Survey time period

2019 to 2022

Supplementary notes

* Estimate.
** Forecast.

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