Montenegro: Economy

Economic Trivia

Montenegro was ranked as the second fastest growing tourism market in the world.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2014): Serbia, Bosnia and Herzegovina, and Italy
Top 3 Exported Goods (2014): Aluminum, Oil & Mineral Fuels, and Meat

Top Industries Source: CIA World Factbook

Steelmaking; Aluminum; Agricultural Processing; Consumer Goods

Gross Domestic Product (GDP) Source: The World Bank

GDP, PPP (current international) $9,361,178,267 (2014)
GDP Growth Rate (annual %) 1.784% (2014)
GDP Per Capita, PPP (current international) $15,055 (2014)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 153/193 (2014)

Economic Indicators Source: The World Bank

Inflation, consumer prices (annual %) -0.711% (2014)
External debt stocks, total (DOD, current US$) $2,955,679,000 (2013)
Total tax rate (% of commercial profits) 21.6% (2015)
Real Interest Rate (5 year average %) 6.988% (2014)
Manufacturing, value added (% of GDP) 4.793% (2014)
Current Account Balance (BoP, current US$) ($698,725,867) (2014)
Click on a row to display its 5-year graph on the right.

Labor and Employment Source: The World Bank

Labor Force, Total 251,741 (2014)
Employment in Agriculture (% of total employment) 5.7% (2014)
Employment in Industry (% of total employment) 17.5% (2014)
Employment in Services (% of total employment) 73% (2014)
Unemployment Rate 19.1% (2014)
Click on a row to display its 5-year graph on the right.
Imports of goods and services (current US$) $2,752,019,371 (2014)
Exports of goods and services (current US$) $1,841,764,628 (2014)
Total Merchandise Trade (% of GDP) 61.163% (2014)
FDI, net inflows (BoP, current US$) $496,835,255 (2014)
Commercial Service Exports (current US$) $1,368,437,503 (2014)
Click on a row to display its 5-year graph on the right.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Montenegro’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Glossary