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Economy of Montenegro. Statistics, Data and Indicators

flag
Montenegro
40B+ Credit rank #73
N/A Quality of life #
67 Corruption rank#60
50 Ease of doing business#50
Montenegro


Montenegro Major Economic Indicators

Indicator Data Period
GDP Value 5.49 USD Billion 2019
GDP Annual Growth Rate -26.9 % 3Q/20
GDP per capita 8545 USD 2019
Inflation Rate YoY -0.7 % Jan/21
Unemployment Rate 20.37 % Jan/21
Wages 786 EUR/Month | 948.783 USD/Month Dec/20
Balance of Trade -77506 EUR Thousand | -0.094 B USD Jan/21
Current Account -227423 EUR Thousand | -0.275 B USD 4Q/20
Government Debt 3660 EUR Million | 4.418 B USD 3Q/20


GDP
vvp
5.49
USD Billion
#153 from 174 countries
GDP per capita
vvp
8545
USD
#69 from 169 countries


GDP Indicators

Indicator Data Period
GDP Value 5.49 USD Billion 2019
GDP Annual Growth Rate -26.9 % 3Q/20
GDP per capita 8545 USD 2019
GDP Constant Prices 1203 EUR Million | 1.452 B USD 3Q/20
GDP per capita PPP 21379 USD 2019


Budget Indicators

Indicator Data Period
Government Debt to GDP 74.91 % 2019
Government Budget Value -217443984 EUR | -0.262 USD Billion 2Q/20
Government Spending 217589 EUR Thousand | 0.263 USD Billion 2Q/20
Government Debt 3660 EUR Million | 4.418 USD Billion 3Q/20
Government Revenues 837077952 EUR | 1010438976 USD Billion 2Q/20
Fiscal Expenditure  1054521920 EUR | 1.273 B USD 2Q/20
Government Budget to GDP -2 % 2018
Military Expenditure 77.5 USD Million | 0.078 B USD 2018


Inflation Indicators

Indicator Data Period
Consumer Price Index (CPI) 105 index points Jan/21
Export Prices 134 index points Dec/20
Food Inflation 1.1 % Jan/21
Gasoline Prices 1.36 USD/Liter Feb/21
Inflation Rate YoY -0.7 % Jan/21
Producer Prices 169 index points Nov/20
Inflation Rate Mom 0.1 % Dec/20
CPI Housing Utilities 104 Index Points Jan/21
CPI Transportation 101 Index Points Jan/21
Harmonised Consumer Prices 106 Index Points Jan/21
Producer Prices Change  -0.7 % Dec/20


Trade Indicators

Indicator Data Period
Current Account to GDP -18.5 % 2018
Balance of Trade -77506 EUR Thousand | -0.094 USD Billion Jan/21
Capital Flows -282675 EUR Thousand | -0.341 USD Billion 4Q/20
Current Account -227423 EUR Thousand | -0.275 USD Billion 4Q/20
Exports 25298 EUR Thousand | 0.031 USD Billion Jan/21
Imports 102804 EUR Thousand | 0.124 USD Billion Jan/21
Tourist Arrivals 15134 Persons | 0.015 Million Persons Jan/21


Money Indicators

Indicator Data Period
Loans to Private Sector 1077301 EUR Thousand | 1.3 USD Billion Dec/20
Foreign Direct Investment 663046 EUR Thousand | 0.8 B USD 2020


Labor Indicators

Indicator Data Period
Minimum Wages 331 EUR/Month | 399.551 USD/Month 1Q/21
Unemployment Rate 20.37 % Jan/21
Wages 786 EUR/Month | 948.783 USD/Month Dec/20
Employed Persons 163851 Person | 0.164 Million Person Nov/20
Long Term Unemployment Rate 12.4 % 3Q/20
Wages in Manufacturing 629 EUR/Month | 759.268 USD/Month Dec/20


Taxes



Production Indicators

Indicator Data Period
Industrial Production -7.9 % Dec/20
Mining Production 5.3 % Dec/20
Industrial Production (MoM) 11.2 % Dec/20


Business Indicators

Indicator Data Period
Corruption Index 45 index points 2020
Corruption Rank 67 place 2020
Ease of Doing Business 50 place 2019
Manufacturing Production -2.8 % Dec/20
Competitiveness Index 60.82 Index Points 2019
Competitiveness Rank 73 2019


Consumer Indicators

Indicator Data Period
Retail Sales MoM 18.4 % Dec/20
Retail Sales YoY -8.8 % Dec/20
Consumer Credit 1393981 EUR Thousand | 1.683 USD Billion Jan/21
Consumer Spending 770100 EUR Thousand | 0.93 USD Billion 2Q/20


Housing Market

Indicator Data Period
Construction Output 1.1 % 4Q/20


Government Debt
dept_icon
4.418
USD Billion
#60 from 65 countries
Balance of Trade
balance_icon
-0.094
USD Billion
#91 from 173 countries


Gold Reserves
gold_reserve_icon
N/A
N/A
#N/A from N/A countries
Foreign Exchange Reserves
gold_reserve_icon
N/A
N/A
#N/A from N/A countries


Government Budget Value
balance_icon
-0.262
USD Billion
#52 from 113 countries
Inflation Rate
inflation_icon
-0.7
%
#156 from 174 countries


Interest Rate
discount_rate_icon
N/A
N/A
#N/A from N/A countries
Bank Lending Rate
credit_rate_icon
N/A%
#N/A from N/A countries


Unemployment Rate
unemployment_icon
20.37
%
#24 from 171 countries
Wages
salary_icon
948.783
USD/Month
#47 from 82 countries