Economy of Montenegro. Statistics, Data and Indicators
Montenegro
| 40B+ | Credit rank #73 |
| N/A | Quality of life # |
| 65 | Corruption rank#60 |
| 50 | Ease of doing business#50 |
Montenegro Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 5.86 USD Billion | 2021 |
| GDP Annual Growth Rate | 3.3 % | 4Q/22 |
| GDP per capita | 7350 USD | 2021 |
| Inflation Rate YoY | 8.6 % | Apr/23 |
| Unemployment Rate | 18.4 % | Apr/23 |
| Wages | 970 EUR/Month | 1038.978 USD/Month | Mar/23 |
| Balance of Trade | -287612 EUR Thousand | -0.308 B USD | Mar/23 |
| Current Account | -259884 EUR Thousand | -0.278 B USD | 1Q/23 |
| Government Debt | 4026 EUR Million | 4.312 B USD | 4Q/22 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 5.86 USD Billion | 2021 |
| GDP Annual Growth Rate | 3.3 % | 4Q/22 |
| GDP per capita | 7350 USD | 2021 |
| GDP Constant Prices | 1382 EUR Million | 1.48 B USD | 4Q/22 |
| GDP per capita PPP | 20602 USD | 2021 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 69.46 % | 2022 |
| Government Budget Value | -217443984 EUR | -0.233 USD Billion | 2Q/20 |
| Government Spending | 277806 EUR Thousand | 0.298 USD Billion | 4Q/22 |
| Government Debt | 4026 EUR Million | 4.312 USD Billion | 4Q/22 |
| Government Revenues | 837077952 EUR | 897689984 USD Billion | 2Q/20 |
| Fiscal Expenditure | 1054521920 EUR | 1.131 B USD | 2Q/20 |
| Government Budget to GDP | -4.6 % | 2022 |
| Military Expenditure | 98.6 USD Million | 0.099 B USD | 2021 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 129 index points | Apr/23 |
| Export Prices | 183 index points | Mar/23 |
| Food Inflation | 11.6 % | Apr/23 |
| Gasoline Prices | 1.71 USD/Liter | Apr/23 |
| Inflation Rate YoY | 8.6 % | Apr/23 |
| Producer Prices | 202 index points | Mar/23 |
| Inflation Rate Mom | 0.2 % | Apr/23 |
| CPI Housing Utilities | 122 Index Points | Apr/23 |
| CPI Transportation | 125 Index Points | Apr/23 |
| Harmonised Consumer Prices | 128 Index Points | Apr/23 |
| Producer Prices Change | 10.7 % | Mar/23 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | -13.3 % | 2022 |
| Balance of Trade | -287612 EUR Thousand | -0.308 USD Billion | Mar/23 |
| Capital Flows | -68429 EUR Thousand | -0.073 USD Billion | 1Q/23 |
| Current Account | -259884 EUR Thousand | -0.278 USD Billion | 1Q/23 |
| Exports | 58525 EUR Thousand | 0.063 USD Billion | Mar/23 |
| Imports | 346137 EUR Thousand | 0.371 USD Billion | Mar/23 |
| Tourist Arrivals | 65218 Persons | 0.065 Million Persons | Mar/23 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Loans to Private Sector | 1283220 EUR Thousand | 1.374 USD Billion | Apr/23 |
| Foreign Direct Investment | 1151423 EUR Thousand | 1.233 B USD | 2022 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Minimum Wages | 533 EUR/Month | 570.902 USD/Month | 1Q/23 |
| Unemployment Rate | 18.4 % | Apr/23 |
| Wages | 970 EUR/Month | 1038.978 USD/Month | Mar/23 |
| Employed Persons | 234839 Person | 0.235 Million Person | Mar/23 |
| Long Term Unemployment Rate | 16 % | 4Q/20 |
| Wages in Manufacturing | 743 EUR/Month | 795.836 USD/Month | Mar/23 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 9 % | 2021 |
| Personal Income Tax Rate | 9 % | 2021 |
| Sales Tax Rate | 21 % | 2023 |
| Social Security Rate | 21.5 % | 2023 |
| Social Security Rate For Companies | 6 % | 2023 |
| Social Security Rate For Employees | 15.5 % | 2023 |
Production Indicators
| Indicator | Data | Period |
|---|---|---|
| Industrial Production | -1.5 % | Mar/23 |
| Mining Production | -5.5 % | Mar/23 |
| Industrial Production (MoM) | -17.5 % | Mar/23 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Corruption Index | 45 index points | 2022 |
| Corruption Rank | 65 place | 2022 |
| Ease of Doing Business | 50 place | 2019 |
| Manufacturing Production | -1.8 % | Mar/23 |
| Competitiveness Index | 60.82 Index Points | 2019 |
| Competitiveness Rank | 73 | 2019 |
Consumer Indicators
| Indicator | Data | Period |
|---|---|---|
| Retail Sales MoM | 19.4 % | Mar/23 |
| Retail Sales YoY | 6.6 % | Mar/23 |
| Consumer Credit | 1590985 EUR Thousand | 1.704 USD Billion | Apr/23 |
| Consumer Spending | 1036255 EUR Thousand | 1.11 USD Billion | 4Q/22 |
Housing Market
| Indicator | Data | Period |
|---|---|---|
| Construction Output | -7 % | 1Q/23 |
