Economy of Montenegro. Statistics, Data and Indicators
Montenegro
| 40B+ | Credit rank #73 |
| N/A | Quality of life # |
| 66 | Corruption rank#60 |
| 50 | Ease of doing business#50 |
Montenegro Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 5.6 USD Billion | 2019 |
| GDP Annual Growth Rate | 3.1 % | 4Q/19 |
| GDP per capita | 8227 USD | 2019 |
| Inflation Rate YoY | 0.9 % | Feb/20 |
| Unemployment Rate | 15.35 % | Jan/20 |
| Wages | 781 EUR/Month | 849.596 USD/Month | Dec/19 |
| Balance of Trade | -162000 EUR Thousand | -0.176 B USD | Feb/20 |
| Current Account | -33925 EUR Thousand | -0.037 B USD | 4Q/19 |
| Government Debt | 3134 EUR Million | 3.409 B USD | 2Q/19 |
GDP
5.6
USD Billion
#153 from 174 countries
GDP per capita
8227
USD
#69 from 169 countries
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 5.6 USD Billion | 2019 |
| GDP Annual Growth Rate | 3.1 % | 4Q/19 |
| GDP per capita | 8227 USD | 2019 |
| GDP Constant Prices | 1212 EUR Million | 1.318 B USD | 4Q/19 |
| GDP per capita PPP | 17278 USD | 2018 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 62.27 % | 2018 |
| Government Budget Value | 2963958 EUR | 0.003 USD Billion | 3Q/19 |
| Government Spending | 196526 EUR Thousand | 0.214 USD Billion | 3Q/19 |
| Government Debt | 3134 EUR Million | 3.409 USD Billion | 2Q/19 |
| Government Revenues | 1523704064 EUR | 1657533312 USD Billion | 3Q/19 |
| Fiscal Expenditure | 1520740096 EUR | 1.654 B USD | 3Q/19 |
| Government Budget to GDP | -2 % | 2018 |
| Military Expenditure | 77.5 USD Million | 0.078 B USD | 2018 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 106 index points | Feb/20 |
| Export Prices | 131 index points | Feb/20 |
| Food Inflation | 2.1 % | Feb/20 |
| Gasoline Prices | 1.27 USD/Liter | Mar/20 |
| Inflation Rate YoY | 0.9 % | Feb/20 |
| Producer Prices | 169 index points | Feb/20 |
| Inflation Rate Mom | -0.1 % | Feb/20 |
| CPI Housing Utilities | 104 Index Points | Feb/20 |
| CPI Transportation | 106 Index Points | Feb/20 |
| Harmonised Consumer Prices | 106 Index Points | Feb/20 |
| Producer Prices Change | 1 % | Feb/20 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | -18.5 % | 2018 |
| Balance of Trade | -162000 EUR Thousand | -0.176 USD Billion | Feb/20 |
| Capital Flows | 385440 EUR Thousand | 0.419 USD Billion | 4Q/19 |
| Current Account | -33925 EUR Thousand | -0.037 USD Billion | 4Q/19 |
| Exports | 29939 EUR Thousand | 0.033 USD Billion | Feb/20 |
| Imports | 191546 EUR Thousand | 0.208 USD Billion | Feb/20 |
| Tourist Arrivals | 43754 Persons | 0.044 Million Persons | Feb/20 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Loans to Private Sector | 1022330 EUR Thousand | 1.112 USD Billion | Nov/19 |
| Foreign Direct Investment | 769973 EUR Thousand | 0.838 B USD | 2019 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Minimum Wages | 288 EUR/Month | 317.39 USD/Month | 2Q/18 |
| Unemployment Rate | 15.35 % | Jan/20 |
| Wages | 781 EUR/Month | 849.596 USD/Month | Dec/19 |
| Employed Persons | 203123 Person | 0.203 Million Person | Nov/19 |
| Long Term Unemployment Rate | 12.2 % | 3Q/19 |
| Wages in Manufacturing | 604 EUR/Month | 657.05 USD/Month | Nov/19 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 9 % | 2018 |
| Personal Income Tax Rate | 9 % | 2018 |
| 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 | 10 % | Dec/19 |
| Mining Production | 55.6 % | Dec/19 |
| Industrial Production (MoM) | 19.9 % | Dec/19 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Corruption Index | 45 index points | 2019 |
| Corruption Rank | 66 place | 2019 |
| Ease of Doing Business | 50 place | 2019 |
| Manufacturing Production | -15.5 % | Dec/19 |
| Competitiveness Index | 60.82 Index Points | 2019 |
| Competitiveness Rank | 73 | 2019 |
Consumer Indicators
| Indicator | Data | Period |
|---|---|---|
| Retail Sales MoM | 5 % | Feb/20 |
| Retail Sales YoY | 8.1 % | Feb/20 |
| Consumer Credit | 1357738 EUR Thousand | 1.477 USD Billion | Dec/19 |
| Consumer Spending | 883196 EUR Thousand | 0.961 USD Billion | 3Q/19 |
Housing Market
| Indicator | Data | Period |
|---|---|---|
| Construction Output | 31.4 % | 3Q/19 |
Government Debt
3.409
USD Billion
#60 from 65 countries
Balance of Trade
-0.176
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
0.003
USD Billion
#52 from 113 countries
Inflation Rate
0.9
%
#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
15.35
%
#24 from
171 countries
Wages
849.596
USD/Month
#47 from
82 countries
