Economy of Montenegro. Statistics, Data and Indicators
Montenegro
| 40B+ | Credit rank #73 |
| N/A | Quality of life # |
| 64 | 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 | 7.2 % | 1Q/22 |
| GDP per capita | 6523 USD | 2020 |
| Inflation Rate YoY | 11.7 % | May/22 |
| Unemployment Rate | 20.63 % | May/22 |
| Wages | 873 EUR/Month | 910.333 USD/Month | Apr/22 |
| Balance of Trade | -210401 EUR Thousand | -0.219 B USD | Apr/22 |
| Current Account | -183803 EUR Thousand | -0.192 B USD | 1Q/22 |
| Government Debt | 4090 EUR Million | 4.265 B USD | 4Q/21 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 4.78 USD Billion | 2020 |
| GDP Annual Growth Rate | 7.2 % | 1Q/22 |
| GDP per capita | 6523 USD | 2020 |
| GDP Constant Prices | 938 EUR Million | 0.978 B USD | 1Q/22 |
| GDP per capita PPP | 18279 USD | 2020 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 103 % | 2020 |
| Government Budget Value | -217443984 EUR | -0.227 USD Billion | 2Q/20 |
| Government Spending | 273368 EUR Thousand | 0.285 USD Billion | 4Q/21 |
| Government Debt | 4090 EUR Million | 4.265 USD Billion | 4Q/21 |
| Government Revenues | 837077952 EUR | 872874496 USD Billion | 2Q/20 |
| Fiscal Expenditure | 1054521920 EUR | 1.1 B USD | 2Q/20 |
| Government Budget to GDP | -10.1 % | 2020 |
| Military Expenditure | 100 USD Million | 0.1 B USD | 2020 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 120 index points | May/22 |
| Export Prices | 179 index points | Dec/21 |
| Food Inflation | 20.6 % | May/22 |
| Gasoline Prices | 1.79 USD/Liter | Apr/22 |
| Inflation Rate YoY | 11.7 % | May/22 |
| Producer Prices | 183 index points | Mar/22 |
| Inflation Rate Mom | 0.8 % | May/22 |
| CPI Housing Utilities | 108 Index Points | May/22 |
| CPI Transportation | 128 Index Points | May/22 |
| Harmonised Consumer Prices | 118 Index Points | Apr/22 |
| Producer Prices Change | 6.5 % | Mar/22 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | -25.9 % | 2020 |
| Balance of Trade | -210401 EUR Thousand | -0.219 USD Billion | Apr/22 |
| Capital Flows | -165095 EUR Thousand | -0.172 USD Billion | 1Q/22 |
| Current Account | -183803 EUR Thousand | -0.192 USD Billion | 1Q/22 |
| Exports | 57558 EUR Thousand | 0.06 USD Billion | May/22 |
| Imports | 286166 EUR Thousand | 0.298 USD Billion | May/22 |
| Tourist Arrivals | 111455 Persons | 0.111 Million Persons | May/22 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Loans to Private Sector | 1152810 EUR Thousand | 1.202 USD Billion | Feb/22 |
| Foreign Direct Investment | 663046 EUR Thousand | 0.691 B USD | 2020 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Minimum Wages | 533 EUR/Month | 555.793 USD/Month | 1Q/22 |
| Unemployment Rate | 20.63 % | May/22 |
| Wages | 873 EUR/Month | 910.333 USD/Month | Apr/22 |
| Employed Persons | 145704 Person | 0.146 Million Person | Aug/21 |
| Long Term Unemployment Rate | 15.7 % | 4Q/20 |
| Wages in Manufacturing | 700 EUR/Month | 729.935 USD/Month | Feb/22 |
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 | -20.1 % | Feb/22 |
| Mining Production | -8.8 % | Feb/22 |
| Industrial Production (MoM) | -2.2 % | Feb/22 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Corruption Index | 46 index points | 2021 |
| Corruption Rank | 64 place | 2021 |
| Ease of Doing Business | 50 place | 2019 |
| Manufacturing Production | 5 % | Feb/22 |
| Competitiveness Index | 60.82 Index Points | 2019 |
| Competitiveness Rank | 73 | 2019 |
Consumer Indicators
| Indicator | Data | Period |
|---|---|---|
| Retail Sales MoM | 14.4 % | Feb/22 |
| Retail Sales YoY | 18.1 % | Feb/22 |
| Consumer Credit | 1496964 EUR Thousand | 1.561 USD Billion | May/22 |
| Consumer Spending | 980768 EUR Thousand | 1.023 USD Billion | 4Q/21 |
Housing Market
| Indicator | Data | Period |
|---|---|---|
| Construction Output | -7.9 % | 4Q/21 |
