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 | 5.49 USD Billion | 2019 |
| GDP Annual Growth Rate | -7.5 % | 4Q/20 |
| GDP per capita | 8545 USD | 2019 |
| Inflation Rate YoY | 0.8 % | Mar/21 |
| Unemployment Rate | 23.83 % | Mar/21 |
| Wages | 785 EUR/Month | 953.271 USD/Month | Mar/21 |
| Balance of Trade | -151138 EUR Thousand | -0.184 B USD | Mar/21 |
| Current Account | -227423 EUR Thousand | -0.276 B USD | 4Q/20 |
| Government Debt | 3660 EUR Million | 4.445 B USD | 3Q/20 |
GDP
5.49
USD Billion
#153 from 174 countries
GDP per capita
8545
USD
#69 from 169 countries
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 5.49 USD Billion | 2019 |
| GDP Annual Growth Rate | -7.5 % | 4Q/20 |
| GDP per capita | 8545 USD | 2019 |
| GDP Constant Prices | 1158 EUR Million | 1.406 B USD | 4Q/20 |
| GDP per capita PPP | 21379 USD | 2019 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 74.91 % | 2019 |
| Government Budget Value | -217443984 EUR | -0.264 USD Billion | 2Q/20 |
| Government Spending | 210719 EUR Thousand | 0.256 USD Billion | 3Q/20 |
| Government Debt | 3660 EUR Million | 4.445 USD Billion | 3Q/20 |
| Government Revenues | 837077952 EUR | 1016512768 USD Billion | 2Q/20 |
| Fiscal Expenditure | 1054521920 EUR | 1.281 B USD | 2Q/20 |
| Government Budget to GDP | -2 % | 2019 |
| Military Expenditure | 93.1 USD Million | 0.093 B USD | 2019 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 106 index points | Mar/21 |
| Export Prices | 134 index points | Dec/20 |
| Food Inflation | 1.7 % | Mar/21 |
| Gasoline Prices | 1.57 USD/Liter | Apr/21 |
| Inflation Rate YoY | 0.8 % | Mar/21 |
| Producer Prices | 172 index points | Mar/21 |
| Inflation Rate Mom | 0.6 % | Mar/21 |
| CPI Housing Utilities | 104 Index Points | Mar/21 |
| CPI Transportation | 105 Index Points | Mar/21 |
| Harmonised Consumer Prices | 106 Index Points | Mar/21 |
| Producer Prices Change | 1.6 % | Mar/21 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | -15 % | 2019 |
| Balance of Trade | -151138 EUR Thousand | -0.184 USD Billion | Mar/21 |
| Capital Flows | -282675 EUR Thousand | -0.343 USD Billion | 4Q/20 |
| Current Account | -227423 EUR Thousand | -0.276 USD Billion | 4Q/20 |
| Exports | 34195 EUR Thousand | 0.042 USD Billion | Mar/21 |
| Imports | 185333 EUR Thousand | 0.225 USD Billion | Mar/21 |
| Tourist Arrivals | 9902 Persons | 0.01 Million Persons | Mar/21 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Loans to Private Sector | 1106480 EUR Thousand | 1.344 USD Billion | Mar/21 |
| Foreign Direct Investment | 663046 EUR Thousand | 0.805 B USD | 2020 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Minimum Wages | 331 EUR/Month | 401.953 USD/Month | 1Q/21 |
| Unemployment Rate | 23.83 % | Mar/21 |
| Wages | 785 EUR/Month | 953.271 USD/Month | Mar/21 |
| Employed Persons | 157355 Person | 0.157 Million Person | Feb/21 |
| Long Term Unemployment Rate | 12.4 % | 3Q/20 |
| Wages in Manufacturing | 573 EUR/Month | 695.827 USD/Month | Feb/21 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 9 % | 2021 |
| Personal Income Tax Rate | 9 % | 2021 |
| Sales Tax Rate | 21 % | 2020 |
| Social Security Rate | 34.3 % | 2019 |
| Social Security Rate For Companies | 10.3 % | 2019 |
| Social Security Rate For Employees | 24 % | 2019 |
Production Indicators
| Indicator | Data | Period |
|---|---|---|
| Industrial Production | 9.3 % | Mar/21 |
| Mining Production | 5.3 % | Dec/20 |
| Industrial Production (MoM) | 11.2 % | Dec/20 |
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 | -2.8 % | Dec/20 |
| 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 | 1391199 EUR Thousand | 1.689 USD Billion | Mar/21 |
| Consumer Spending | 872051 EUR Thousand | 1.059 USD Billion | 4Q/20 |
Housing Market
| Indicator | Data | Period |
|---|---|---|
| Construction Output | 1.1 % | 4Q/20 |
Government Debt
4.445
USD Billion
#60 from 65 countries
Balance of Trade
-0.184
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
-0.264
USD Billion
#52 from 113 countries
Inflation Rate
0.8
%
#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
23.83
%
#24 from
171 countries
Wages
953.271
USD/Month
#47 from
82 countries
