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) $12,754,677,217 (2018)
GDP Growth Rate (annual %) 4.854% (2018)
GDP Per Capita, PPP (current international) $20,495 (2018)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 151/196 (2018)

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 %) 2.611% (2018)
External debt stocks, total (DOD, current US$) $7,859,515,403 (2018)
Total tax rate (% of commercial profits) 22.2% (2018)
Real Interest Rate (5 year average %) 3.797% (2018)
Manufacturing, value added (% of GDP) 3.764% (2017)
Current Account Balance (BoP, current US$) ($942,853,610) (2018)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 257,905 (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$) $3,673,755,902 (2018)
Exports of goods and services (current US$) $2,356,258,263 (2018)
Total Merchandise Trade (% of GDP) 63.864% (2018)
FDI, net inflows (BoP, current US$) $485,645,718 (2018)
Commercial Service Exports (current US$) $1,832,237,433 (2018)
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