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Economy of Montenegro. Statistics, Data and Indicators

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


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



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