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 (2018): Serbia, China, and Germany
Top 3 Exported Goods (2018): Oil & Mineral Fuels, Aluminum, and Ores

Top Industries Source: CIA World Factbook

Steelmaking; Aluminum; Agricultural Processing; Consumer Goods

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $12,786,649,297 (2020)
GDP Growth Rate (annual %) -15.159% (2020)
GDP Per Capita, PPP (current international) $20,567 (2020)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 154/197 (2020)

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 %) -0.256% (2020)
External debt stocks, total (DOD, current US$) $8,339,382,594 (2019)
Total tax rate (% of commercial profits) 22.2% (2019)
Real Interest Rate (5 year average %) 6.084% (2020)
Manufacturing, value added (% of GDP) 3.718% (2019)
Current Account Balance (BoP, current US$) ($1,235,432,315) (2020)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 271,834 (2020)
Employment in Agriculture (% of total employment) 7.802% (2020)
Employment in Industry (% of total employment) 19.198% (2020)
Employment in Services (% of total employment) 72.999% (2020)
Unemployment Rate 15.86% (2020)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $2,892,405,698 (2020)
Exports of goods and services (current US$) $1,230,681,481 (2020)
Total Merchandise Trade (% of GDP) 59.034% (2020)
FDI, net inflows (BoP, current US$) $418,205,415 (2019)
Commercial Service Exports (current US$) $757,825,158 (2020)
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