Economy of Montenegro. Statistics, Data and Indicators
Montenegro
| 40B+ | Credit rank #73 |
| N/A | Quality of life # |
| 67 | Corruption rank#60 |
| 50 | Ease of doing business#50 |
Montenegro Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 4.78 USD Billion | 2020 |
| GDP Annual Growth Rate | -6.4 % | 1Q/21 |
| GDP per capita | 7293 USD | 2020 |
| Inflation Rate YoY | 2.4 % | Jun/21 |
| Unemployment Rate | 24.01 % | Jun/21 |
| Wages | 792 EUR/Month | 936.126 USD/Month | May/21 |
| Balance of Trade | -174434 EUR Thousand | -0.206 B USD | May/21 |
| Current Account | -160446 EUR Thousand | -0.19 B USD | 1Q/21 |
| Government Debt | 4097 EUR Million | 4.843 B USD | 1Q/21 |
GDP
4.78
USD Billion
#153 from 174 countries
GDP per capita
7293
USD
#69 from 169 countries
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 4.78 USD Billion | 2020 |
| GDP Annual Growth Rate | -6.4 % | 1Q/21 |
| GDP per capita | 7293 USD | 2020 |
| GDP Constant Prices | 859 EUR Million | 1.015 B USD | 1Q/21 |
| GDP per capita PPP | 18279 USD | 2020 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 74.91 % | 2019 |
| Government Budget Value | -217443984 EUR | -0.257 USD Billion | 2Q/20 |
| Government Spending | 177686 EUR Thousand | 0.21 USD Billion | 1Q/21 |
| Government Debt | 4097 EUR Million | 4.843 USD Billion | 1Q/21 |
| Government Revenues | 837077952 EUR | 989407040 USD Billion | 2Q/20 |
| Fiscal Expenditure | 1054521920 EUR | 1.246 B USD | 2Q/20 |
| Government Budget to GDP | -2 % | 2019 |
| Military Expenditure | 100 USD Million | 0.1 B USD | 2020 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 107 index points | May/21 |
| Export Prices | 134 index points | Dec/20 |
| Food Inflation | 2.8 % | Jun/21 |
| Gasoline Prices | 1.55 USD/Liter | Jun/21 |
| Inflation Rate YoY | 2.4 % | Jun/21 |
| Producer Prices | 172 index points | Mar/21 |
| Inflation Rate Mom | 0.2 % | Jun/21 |
| CPI Housing Utilities | 102 Index Points | May/21 |
| CPI Transportation | 106 Index Points | May/21 |
| Harmonised Consumer Prices | 108 Index Points | May/21 |
| Producer Prices Change | 1.6 % | Mar/21 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | -15 % | 2019 |
| Balance of Trade | -174434 EUR Thousand | -0.206 USD Billion | May/21 |
| Capital Flows | -93078 EUR Thousand | -0.11 USD Billion | 1Q/21 |
| Current Account | -160446 EUR Thousand | -0.19 USD Billion | 1Q/21 |
| Exports | 30702 EUR Thousand | 0.036 USD Billion | May/21 |
| Imports | 205136 EUR Thousand | 0.242 USD Billion | May/21 |
| Tourist Arrivals | 18827 Persons | 0.019 Million Persons | Apr/21 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Loans to Private Sector | 1106480 EUR Thousand | 1.308 USD Billion | Mar/21 |
| Foreign Direct Investment | 663046 EUR Thousand | 0.784 B USD | 2020 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Minimum Wages | 331 EUR/Month | 391.234 USD/Month | 1Q/21 |
| Unemployment Rate | 24.01 % | Jun/21 |
| Wages | 792 EUR/Month | 936.126 USD/Month | May/21 |
| Employed Persons | 153172 Person | 0.153 Million Person | Apr/21 |
| Long Term Unemployment Rate | 16 % | 4Q/20 |
| Wages in Manufacturing | 574 EUR/Month | 678.455 USD/Month | Mar/21 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 9 % | 2021 |
| Personal Income Tax Rate | 9 % | 2021 |
| Sales Tax Rate | 21 % | 2021 |
| Social Security Rate | 32.3 % | 2021 |
| Social Security Rate For Companies | 8.3 % | 2021 |
| Social Security Rate For Employees | 24 % | 2021 |
Production Indicators
| Indicator | Data | Period |
|---|---|---|
| Industrial Production | 9.3 % | Mar/21 |
| Mining Production | -7.6 % | Mar/21 |
| Industrial Production (MoM) | 4.6 % | Mar/21 |
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 | -3.7 % | Mar/21 |
| Competitiveness Index | 60.82 Index Points | 2019 |
| Competitiveness Rank | 73 | 2019 |
Consumer Indicators
| Indicator | Data | Period |
|---|---|---|
| Retail Sales MoM | 15.1 % | Mar/21 |
| Retail Sales YoY | -6.4 % | Mar/21 |
| Consumer Credit | 1404500 EUR Thousand | 1.66 USD Billion | May/21 |
| Consumer Spending | 745909 EUR Thousand | 0.882 USD Billion | 1Q/21 |
Housing Market
| Indicator | Data | Period |
|---|---|---|
| Construction Output | 1.1 % | 4Q/20 |
Government Debt
4.843
USD Billion
#60 from 65 countries
Balance of Trade
-0.206
USD Billion
#91 from 173 countries
Gold Reserves
N/A
N/A
#N/A from N/A countries
Foreign Exchange Reserves
N/A
N/A
#N/A from
N/A countries
Government Budget Value
-0.257
USD Billion
#52 from 113 countries
Inflation Rate
2.4
%
#156 from
174 countries
Interest Rate
N/A
N/A
#N/A from
N/A countries
Bank Lending Rate
N/A%
#N/A from
N/A countries
Unemployment Rate
24.01
%
#24 from
171 countries
Wages
936.126
USD/Month
#47 from
82 countries
