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 (2021): Serbia, Germany, and China
Top 3 Exported Goods (2021): Aluminum, Oil & Mineral Fuels, and Wood

Top Industries Source: CIA World Factbook

Steelmaking; Aluminum; Agricultural Processing; Consumer Goods

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $16,626,476,909 (2022)
GDP Growth Rate (annual %) 6.094% (2022)
GDP Per Capita, PPP (current international) $26,984 (2022)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 153/197 (2022)

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 %) 13.04% (2022)
External debt stocks, total (DOD, current US$) $10,552,323,759 (2021)
Total tax rate (% of commercial profits) 22.2% (2019)
Real Interest Rate (5 year average %) -4.197% (2022)
Manufacturing, value added (% of GDP) 3.853% (2021)
Current Account Balance (BoP, current US$) ($825,021,544) (2022)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 285,554 (2022)
Employment in Agriculture (% of total employment) 7.355% (2021)
Employment in Industry (% of total employment) 18.816% (2021)
Employment in Services (% of total employment) 73.829% (2021)
Unemployment Rate 15.402% (2022)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $4,631,110,590 (2022)
Exports of goods and services (current US$) $3,211,435,602 (2022)
Total Merchandise Trade (% of GDP) 72.933% (2022)
FDI, net inflows (BoP, current US$) $872,574,937 (2022)
Commercial Service Exports (current US$) $2,337,405,021 (2022)
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