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Montenegro GDP and Economic Data

Includes Montenegro real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.

Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Montenegro economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Montenegro best banks and safest banks are also available.

 
 
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Central bank

Central Bank of Montenegro

Source
International Reserves

USD 0.7 billion (2015)

International Monetary Fund (IMF), data retrieved January 2017

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Gross Domestic Product - GDP

USD 4.5 billion (2017, estimate)

Source
GDP (Purchasing Power Parity)

Intl$ 11.2 billion (2017, estimate)

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Real GDP growth
2006 2007 2008 2009 2010 2011 2012
8.6% 10.7% 6.9% -5.7% 2.5% 3.2% -2.7%
2013 2014 2015* 2016* 2017*    
3.6% 1.8% 3.2% 5.1% 3.6%    

*Estimate

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GDP per capita - current prices

USD 7,144.4 (2017, estimate)

Source
GDP per capita - PPP

Intl$ 18,015.0 (2017, estimate)

Source
GDP (PPP) - share of world total
1980 1990 2000 2010 2017*
N/A N/A 0.01% 0.01% 0.009%

*Estimate

Source
 
 
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GDP - composition by sector
  • Agriculture: 8.3%
  • Industry: 21.2%
  • Services: 70.5%

(2013 estimate)

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Gross domestic expenditure on R&D; (% of GDP)

N/A

Source
Inflation
2013 2014 2015 2016* 2017*
2.2% -0.7% 1.6% 0.5% 1.3%

*Estimate

Source
Unemployment rate
2013 2014 2015 2016 2017
N/A N/A N/A N/A N/A

*Estimate

Source
Household saving rates

N/A

 

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Public debt (General government gross debt as a % of GDP)
2013 2014 2015 2016* 2017*
55.2% 59.9% 67.2% 75.5% 81.8%

*Estimate

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Public deficit (General government net lending/borrowing as a % of GDP)
2013 2014 2015 2016* 2017*
-6.3% -2.6% -7.5% -12.1% -9.9%

*Estimate

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Government bond ratings

Standard & Poor's: B+

Moody's: B1

Standard & Poor's / Moody's (Updated January 2017)

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Market value of publicly traded shares
2013 2014 2015
N/A N/A N/A
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Largest companies

N/A

Source
 
 
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Current account balance

USD -0.5 billion (2017 estimate)

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Current account balance by percentage of GDP

-11.8% (2017 estimate)

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

42.8% (2015)

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Shares in world total merchandising export

0.002% (2015)

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Shares in world total commercial services export

0.03% (2015)

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Total exports

USD 370.2 million (2014 estimate)

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Export commodities

N/A

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Total imports

USD 2.0 billion (2014 estimate)

Source
 
 
Source
Import commodities

N/A

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Exports - major partners

Croatia 22.7%, Serbia 22.7%, Slovenia 7.8% (2012 estimate)

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Imports - major partners

Serbia 29.3%, Greece 8.7%, China 7.1% (2012 estimate)

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FDI inflows
2013 2014 2015
USD 447 million USD 497 million USD 699 million
Source
FDI outflows
2013 2014 2015
USD 17 million USD 27 million USD 12 million
Source
Value of cross-border M&A, by country of purchaser
2012 2013 2014 2015
N/A N/A N/A N/A
Source
Cross-border M&A deals worth over $3 billion completed in 2014

N/A

Source
Cross-border M&A deals worth over $3 billion completed in 2015

N/A

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Best countries for doing business

Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 51 out of 190 countries (2017)

Subcategories:

Starting a business: 58 out of 190 countries

Enforcing Contracts: 41 out of 190 countries

Registering Property: 78 out of 190 countries

Getting Credit: 7 out of 190 countries

Protecting Minority Investors: 42 out of 190 countries

Trading Across Borders: 43 out of 190 countries

Paying Taxes: 57 out of 190 countries

Dealing with Construction Permits: 93 out of 190 countries

Getting Electricity: 167 out of 190 countries

Resolving Insolvency: 40 out of 190 countries

Source
Global competitiveness ranking

82 out of 138 countries

(2016-2017)

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Index of Economic Freedom

Ranking: 65 / Score: 64.94 (Moderately free) (2016)

(100=totally free 0=totally repressed)

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Time zone

UTC+1

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Total area

13,812 sq km

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Capital

Podgorica

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Currency

Euros (EUR) 

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Government type

Parliamentary republic

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Languages

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

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Religions

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

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Total population
1990 2000 2010 2016* 2021*
N/A 0.612 million 0.619 million 0.623 million 0.626 million

*Estimate

Source
 
 
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Urban population as % of total population
1960 1980 2000 2015
19% 37% 59% 64%
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Population median age

40.2 years (2016 estimate)

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Population growth rate

-0.35% (2016 estimate)

Source
Life expectancy

N/A

Source
Literacy

Total population: 98.7%
Male: 99.5%
Female: 98% (2015 est.)

(age 15 and over can read and write)

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% of population living on less than $3.10 a day

0.1% (2014)

Source
Inequality of wealth distribution (Gini index)

31.9 (2014)

(0=perfect equality, 100=absolute inequality)

Source
Freedom House rating

Political Rights: 3
Civil Liberties: 3 (2017)                         

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

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Total telephone subscribers as % of population

Fixed 24.85%   Mobile 162.16% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)

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Internet users as % of total population

68.12% (2015)

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Mercer Cost of living index

N/A

Source
CO2 emissions

3.6 (2013)

Source

World's Best Subcustodian Banks

2013

World’s Best Foreign Exchange Providers

2004
2003

Best of…

2005
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