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 | 6.1 USD Billion | 2022 |
GDP Annual Growth Rate | 6.9 % | 2Q/23 |
GDP per capita | 7879 USD | 2022 |
Inflation Rate YoY | 8.6 % | Aug/23 |
Unemployment Rate | 16.2 % | Sep/23 |
Wages | 995 EUR/Month | 1055.591 USD/Month | Aug/23 |
Balance of Trade | -293507 EUR Thousand | -0.311 B USD | Jul/23 |
Current Account | -277871 EUR Thousand | -0.295 B USD | 2Q/23 |
Government Debt | 4024 EUR Million | 4.269 B USD | 2Q/23 |
GDP Indicators
Indicator | Data | Period |
---|---|---|
GDP Value | 6.1 USD Billion | 2022 |
GDP Annual Growth Rate | 6.9 % | 2Q/23 |
GDP per capita | 7879 USD | 2022 |
GDP Constant Prices | 1522 EUR Million | 1.615 B USD | 2Q/23 |
GDP per capita PPP | 22081 USD | 2022 |
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 | 252348 EUR Thousand | 0.268 USD Billion | 2Q/23 |
Government Debt | 4024 EUR Million | 4.269 USD Billion | 2Q/23 |
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 USD Million | 0.098 B USD | 2022 |
Inflation Indicators
Indicator | Data | Period |
---|---|---|
Consumer Price Index (CPI) | 134 index points | Aug/23 |
Export Prices | 179 index points | Jun/23 |
Food Inflation | 10.5 % | Aug/23 |
Gasoline Prices | 1.79 USD/Liter | Sep/23 |
Inflation Rate YoY | 8.6 % | Aug/23 |
Producer Prices | 201 index points | Jun/23 |
Inflation Rate Mom | 1.7 % | Aug/23 |
CPI Housing Utilities | 119 Index Points | Aug/23 |
CPI Transportation | 129 Index Points | Aug/23 |
Harmonised Consumer Prices | 136 Index Points | Aug/23 |
Producer Prices Change | 5.5 % | Jun/23 |
Trade Indicators
Indicator | Data | Period |
---|---|---|
Current Account to GDP | -13.3 % | 2022 |
Balance of Trade | -293507 EUR Thousand | -0.311 USD Billion | Jul/23 |
Capital Flows | -35546 EUR Thousand | -0.038 USD Billion | 2Q/23 |
Current Account | -277871 EUR Thousand | -0.295 USD Billion | 2Q/23 |
Exports | 41846 EUR Thousand | 0.044 USD Billion | Aug/23 |
Imports | 349591 EUR Thousand | 0.371 USD Billion | Aug/23 |
Tourist Arrivals | 240754 Persons | 0.241 Million Persons | Aug/23 |
Money Indicators
Indicator | Data | Period |
---|---|---|
Loans to Private Sector | 1244893 EUR Thousand | 1.321 USD Billion | Aug/23 |
Foreign Direct Investment | 1151666 EUR Thousand | 1.222 B USD | 2022 |
Labor Indicators
Indicator | Data | Period |
---|---|---|
Minimum Wages | 533 EUR/Month | 565.457 USD/Month | 3Q/23 |
Unemployment Rate | 16.2 % | Sep/23 |
Wages | 995 EUR/Month | 1055.591 USD/Month | Aug/23 |
Employed Persons | 253581 Person | 0.254 Million Person | Aug/23 |
Long Term Unemployment Rate | 16 % | 4Q/20 |
Wages in Manufacturing | 777 EUR/Month | 824.316 USD/Month | Aug/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 | -2.7 % | Aug/23 |
Mining Production | 3.7 % | Aug/23 |
Industrial Production (MoM) | -0.8 % | Aug/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 | -14.3 % | Aug/23 |
Competitiveness Index | 60.82 Index Points | 2019 |
Competitiveness Rank | 73 | 2019 |
Consumer Indicators
Indicator | Data | Period |
---|---|---|
Retail Sales MoM | 4.3 % | Aug/23 |
Retail Sales YoY | 5.3 % | Aug/23 |
Consumer Credit | 1634134 EUR Thousand | 1.734 USD Billion | Aug/23 |
Consumer Spending | 1027944 EUR Thousand | 1.091 USD Billion | 1Q/23 |
Housing Market
Indicator | Data | Period |
---|---|---|
Construction Output | -11.8 % | 2Q/23 |