Source
Central bank

Central Bank of Montenegro

International Reserves

US$ 584 million (Source: World Bank; Data updated: 2013)

Gross Domestic Product - GDP

US$ 5 billion (2014 estimate)

GDP (Purchasing Power Parity)

8 billion of International dollars (2014 estimate)

Real GDP growth
2003 2004 2005 2006 2007 2008 2009 2010
2.5% 4.4% 4.2% 8.6% 10.7% 6.9% -5.7% 2.5%
2011 2012 2013 2014*        
3.2% -2.5% 3.4% 2.8%        

*Estimate

GDP per capita - current prices

US$ 7,498 (2014 estimate)

GDP per capita - PPP

$12,412 International Dollars (2014 estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2014*
N/A N/A 0.01% 0.01% 0.01%

*Estimate

 
 
Source
GDP - composition by sector
  • Agriculture: 0.8%
  • Industry: 11.3%
  • Services: 87.9% (2011)
Gross domestic expenditure on R&D; (% of GDP)

N/A

Inflation
2011 2012 2013 2014*
3.1% 3.6% 2.2% 0.2%

*Estimate

Unemployment rate
2011 2012 2013 2014*
N/A N/A N/A N/A

*Estimate

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2010 2011 2012 2013 2014*
40.9% 46.0% 54.0% 56.8% 58.8%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2010 2011 2012 2013 2014*
-4.6% -5.2% -5.9% -2.4% -2.8%

*Estimate 

Government bond ratings

Standard & Poor's: BB-

Moody's rating: Ba3

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Sept 2014)

Market value of publicly traded shares
2010* 2011 2012**
US$3.604 billion US$3.322 billion US$3.827 billion

*2010 Estimate     **2012 Estimate 

Largest companies in Montenegro

N/A

 
 
Source
Current account balance

US$ -839 million (2014 estimate)

Current account balance by percentage of GDP

-17.93% of GDP (2014 estimate)

Exports as percent of GDP(Exports of goods and services)

43.8% (2013)

Shares in world total merchandising export

0% (2012)

Shares in world total commercial services export

0.03% (2012)

Total exports

US$489.2 million (FY04 estimate) 

Export commodities

N/A

Total imports

US$2.4 billion (2012 estimate) 

 
 
Source
Import commodities

N/A

Exports - major partners

Croatia 22.7%, Serbia 22.7%, Slovenia 7.8% (2012 est.)

Imports - major partners

Serbia 29.3%, Greece 8.7%, China 7.1% (2012 est.)

FDI inflows
2011 2012 2013
US$558 million US$620 million US$447 million  
FDI outflows
2011 2012 2013  
US$17 million US$27 million US$17 million  
Value of cross-border M&A; by country of purchaser
2008 2009 2010 2011
US$0 US$0 US$0 US$0
Cross-border M&A; deals worth over $3 billion completed in 2012 (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 2013 (Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(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 - 189. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 44 out of 189 countries (2013)

Subcategories:

Starting a business: 69 out of 189 countries

Enforcing Contracts: 136 out of 189 countries

Registering Property: 98 out of 189 countries

Getting credit: 3 out of 189 countries

Protecting investors: 34 out of 189 countries

Trading across border: 53 out of 189 countries

Paying Taxes: 86 out of 189 countries

Dealing with Construction Permits: 106 out of 189 countries

Getting Electricity: 69 out of 189 countries

Resolving Insolvency: 45 out of 189 countries

(2013)

Global competitiveness ranking(ranking by country on a basis of 144, the first is the best)

67

(2014-2015)

 

 

Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 68 Score: 63.6 (Moderately Free) (2014)

(100=totally free 0=totally repressed )

 
 
Source
Time zone

UTC+1

Total area

13,812 sq km

Capital

Podgorica 

Currency

euros (EUR) 

Government type

republic 

Languages

Serbian 42.9%, Montenegrin (official) 37%, Bosnian 5.3%, Albanian 5.3%, Serbo-Croat 2%, other 3.5%, unspecified 4% (2011 est.)

Religions

Orthodox 72.1%, Muslim 19.1%, Catholic 3.4%, atheist 1.2%, other 1.5%, unspecified 2.6% (2011 est.)

Total population
1990 2000 2010 2014* 2019**
N/A 0.621 million 0.619 million 0.624 million 0.63 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2013
18.8% 37% 59% 64%
Population median age

39.2 years (2014 estimate)

Population growth rate

0.0% (2013 estimate)

Life expectancy

N/A

Adult literacy

98.5% (2011 estimate)

% of population living on less than $2 a day

0.7% (2011)

Inequality of wealth distribution (Gini index)

30.6 (2011)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights: 3
Civil Liberties: 2 (2014)

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

Source
Total telephone subscribers as % of population

212.12% (2010)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population

56.8% (2013)

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

N/A

Source
CO2 emissions(Metric tons of CO2 per capita)

4.2 (2010)

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