GFmag Online Readers Survey 2012
Montenegro


Montenegro Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in Montenegro; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION
Central bankCentral Bank of Montenegro
International ReservesUS$ 556.155 million (Source: World Bank; Data updated: November 2010)
Gross Domestic Product - GDPUS$ 4.174 billion (2009 estimate)
GDP (Purchasing Power Parity)6.943 billion of International dollars (2009 estimate)
Real GDP growth
20002001200220032004200520062007
N/A1.1%1.9%2.5%4.4%4.2%8.6%10.7%
2008200920102011*
6.9%-5.7%1.1%2%

*Estimate

GDP per capita - current pricesN/A
GDP per capita - PPP$11,090 International Dollars (2009 estimate)
GDP (PPP) - share of world total
19801990200020102015**
N/AN/A0.01%0.01%0.01%

**Forecast

GDP - composition by sector
  • N/A
  • N/A
  • N/A

    • (Data released on February 2012)

Gross domestic expenditure on R&D (% of GDP)N/A

(Data released on November 2010)

Inflation
2008200920102011*
8.5%(2008)3.4%0.5%3.1%

*Estimate

Unemployment rate
2008200920102011*
10.7%N/AN/A(2009)N/A

*Estimate

Household saving ratesN/A

(Data released on November 2010)

Public debt (General government gross debt as a % of GDP)
20072008200920102011*
27.5%29%40.7%44.1%43.1%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2007200820092010*2011**
6.3%1.5%-4.4%-7.1%-7.7%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: BB/Negative/B

Moody's rating: Ba3

Moody's outlook: NEG

(Foreign Currency Government Bond Ratings; Data last updated Nov 2010)

Market value of publicly traded shares
200720082009
US$3.699 billionUS$2.863 billionUS$4.289 billion
Largest companies in MontenegroN/A
DATA ON TRADE AND COMPETITIVENESS
Current account balanceUS$ -1 billion (2010 estimate)(After 2008)
Current account balance by percentage of GDP-24.5% of GDP (2009 estimate)(2009)
Exports as percent of GDP

(Exports of goods and services)

34.3% (2009)

(Data released on December 2010)

Shares in world total merchandising export0%(2007)

(Data were released in Nov 2011 and refer to 2010)

Shares in world total commercial services export0.03%(2007)

(Data were released in Nov 2011 and refer to 2010)

Total exportsN/A
Export commoditiesN/A
Total importsUS$601.7 million (2003)
Import commoditiesN/A
Exports - major partnersN/A
Imports - major partnersN/A
FDI inflows
200820092010
US$960 millionUS$1,527 million(2009)US$760 million(2009)
FDI outflows
200820092010
US$108 millionUS$46 millionUS$29 million
Value of cross-border M&A, by country of purchaser
2008200920102011
N/AN/A(2009)N/A(2009)N/A
Cross-border M&A deals worth over $3 billion completed in 2008

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 – 183. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 66 out of 183 countries(2009) (2010)

Subcategories:

Starting a business: 51 out of 183 countries(2009)

Registering property: 116 out of 183 countries

Paying Taxes: 139 out of 183 countries

Getting credit: 32 out of 183 countries

Protecting investors: 28 out of 183 countries

Trading across border: 34 out of 183 countries

Enforcing Contracts: 135 out of 183 countries

(2010)

Global competitiveness ranking
(ranking by country on a basis of 142, the first is the best)		60

(2011/2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 76 Score: 62.5 (Moderately Free) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW
Time zoneUTC+1
Total area 13,812 km2 (2006)
CapitalPodgorica (2009)
Currencyeuros (EUR) (2009)
Government typerepublic (2009)
LanguagesSerbian 63.6%, Montenegrin (official) 22%, Bosnian 5.5%, Albanian 5.3%, unspecified 3.7% (2003 census)
ReligionsOrthodox 74.2%, Muslim 17.7%, Catholic 3.5%, other 0.6%, unspecified 3%, atheist 1% (2003 census)
Total population
1980199020002010*2015**
N/AN/AN/AN/AN/A

*Estimate    **Forecast

Urban population as % of total population
1960198020002009
18.8%36.8%58.5%59.8%
Population median age35.0 years (2006)
Population growth rate0.3% (2009)
Life expectancy74 years (2007)
Adult literacyN/A
% of population living on less than $2 a day<2% (2011)
Inequality of wealth distribution (Gini index)

30 (2008)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:3
Civil Liberties:2 (2010)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

212.12% (2010)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population52% (Data were released in 2011 and refer to 2010)
Cost of living index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

N/A

CO2 emissions
(Metric tons of CO2 per capita)

3.1349 (2008)

GLOBAL FINANCE RANKINGS AND AWARDS
ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE