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 (2017): Serbia, China, and Germany
Top 3 Exported Goods (2017): Aluminum, Ores, and Oil & Mineral Fuels

Top Industries Source: CIA World Factbook

Steelmaking; Aluminum; Agricultural Processing; Consumer Goods

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $12,045,985,737 (2017)
GDP Growth Rate (annual %) 4.7% (2017)
GDP Per Capita, PPP (current international) $19,355 (2017)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 152/195 (2017)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) 2.38% (2017)
External debt stocks, total (DOD, current US$) $3,138,033,057 (2017)
Total tax rate (% of commercial profits) 22.2% (2018)
Real Interest Rate (5 year average %) 2.859% (2017)
Manufacturing, value added (% of GDP) 3.764% (2017)
Current Account Balance (BoP, current US$) ($881,161,931) (2017)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 258,402 (2018)
Employment in Agriculture (% of total employment) 7.848% (2018)
Employment in Industry (% of total employment) 17.064% (2018)
Employment in Services (% of total employment) 75.088% (2018)
Unemployment Rate 15.462% (2018)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $3,124,750,958 (2017)
Exports of goods and services (current US$) $1,988,956,502 (2017)
Total Merchandise Trade (% of GDP) 62.625% (2017)
FDI, net inflows (BoP, current US$) $560,290,272 (2017)
Commercial Service Exports (current US$) $1,568,589,939 (2017)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

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


  1. The World Bank