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Economy of Montenegro. Statistics, Data and Indicators

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


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
vvp
4.78
USD Billion
#153 from 174 countries
GDP per capita
vvp
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



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
dept_icon
4.843
USD Billion
#60 from 65 countries
Balance of Trade
balance_icon
-0.206
USD Billion
#91 from 173 countries


Gold Reserves
gold_reserve_icon
N/A
N/A
#N/A from N/A countries
Foreign Exchange Reserves
gold_reserve_icon
N/A
N/A
#N/A from N/A countries


Government Budget Value
balance_icon
-0.257
USD Billion
#52 from 113 countries
Inflation Rate
inflation_icon
2.4
%
#156 from 174 countries


Interest Rate
discount_rate_icon
N/A
N/A
#N/A from N/A countries
Bank Lending Rate
credit_rate_icon
N/A%
#N/A from N/A countries


Unemployment Rate
unemployment_icon
24.01
%
#24 from 171 countries
Wages
salary_icon
936.126
USD/Month
#47 from 82 countries