Montenegro Economic Statistics and Indicators

21, May 2018, EDT. Welcome to the Montenegro economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.

Economic Indicators For: Montenegro › Change country
National or Regional Currency: Euro, EUR
Year of data: 2015 › Change year
Number of Indicators Listed: 35
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 650,036 (July 2014 est.)
Area: total: 13,812 sq km ; land: 13,452 sq km ; water: 360 sq km
Natural Resources: bauxite, hydroelectricity
Capital: name: Podgorica; note - the Old Royal Capital is Cetinje mentioned in the constitution ; geographic coordinates: 42 26 N, 19 16 E ; time difference: UTC+1 (6 hours ahead of Washington, DC, during Standard Time) ; daylight saving time: +1 hr, begins last Sunday in March; ends last Sunday in October

Montenegro's economy is slowly transitioning to a market system, but the state sector remains large and additional institutional changes are needed. The economy relies heavily on foreign tourism and the export of refined metals. Unprofitable state-owned enterprises, especially the Podgorica Aluminum Kombine, the country’s largest exporter, weigh heavily on public finances. During the MILOSEVIC era, Montenegro severed its economy from Serbia, maintained its own central bank, adopted the Deutsche Mark, then shifted to the euro - rather than the Yugoslav dinar - as official currency, collected customs tariffs, and managed its own budget. The 2006 dissolution of the loose political union between Serbia and Montenegro led to separate memberships in several international financial institutions, such as the European Bank for Reconstruction and Development. In January 2007, Montenegro joined the World Bank and IMF. Montenegro became the 156th member of World Trade Organization in December 2011. The European Council (EC) granted candidate country status to Montenegro at the December 2010 session. Montenegro began negotiations to join the EC in June, 2012, having met the conditions set down by the European Council, which called on Montenegro to take steps to fight corruption and organized crime. Unemployment and disparities in regional development, especially in the north, remain key political and economic problems. The global financial crisis had a significant negative impact on the economy, due to a credit crunch, a decline in the real estate sector, and a fall in aluminum exports. The Government of Montenegro increased value added tax (VAT) from 17% in 2012 to 19% in 2013 and raised income tax rates from 9% to 15% for those earning over €480 a month. In 2013, the government also retrenched by freezing pensions and limiting salary increases for public enterprises and members of the parliament.
More on the Montenegro Economy
More on the Montenegro Export, Import and Trade

Economic Indicator Listing
  For Montenegro in year 2015 Indicator Value
GDP Growth (Constant Prices, National Currency) 4.074 %
GDP (Current Prices, National Currency)EUR 3.64 Billion.
GDP (Current Prices, US Dollars)US$ 4.039 Billion
GDP Deflator 134.481 (Index, Base Year as per country's accounts = 100)
GDP Per Capita (Constant Prices, National Currency)EUR 4,348.58 .
GDP Per Capita (Current Prices, National Currency)EUR 5,848.01 .
GDP Per Capita (Current Prices, US Dollars)US$ 6,489.10
GDP (PPP), US DollarsUS$ 10.035 Billion
GDP Per Capita (PPP), US DollarsUS$ 16,123.14
GDP Share of World Total (PPP) 0.009 %
Implied PPP Conversion Rate 0.363
Investment (% of GDP) 27.973 %
Gross National Savings (% of GDP) 14.726 %
Inflation, Average Consumer Prices (Indexed to Year 2000) 436.996 (Index, Base Year 2000 = 100)
Inflation (Average Consumer Price Change %) 1.566 %
Inflation, End of Year (Indexed to Year 2000) 262.624 (Index, Base Year 2000 = 100)
Inflation (End of Year Change %) 1.353 %
Import Volume of All Items Including Goods and Services (Percent Change) 8.175 %
Import Volumes of Goods Only (Percent Change) 7.445 %
Export Volume of All Items Including Goods and Services (Percent Change) 8.294 %
Export Volumes of Goods Only (Percent Change) -9.277 %
Population 0.622 Million
General government revenue (National Currency)EUR 1.478 Billions.
General government revenue (% of GDP) 40.617 %
General government total expenditure (National Currency)EUR 1.747 Billions.
General government total expenditure (% of GDP) 47.984 %
Total Government Net Lending/ Borrowing (National Currency)EUR -0.268 Billions.
Total Government Net Lending/ Borrowing (% of GDP) -7.366 %
Fiscal Year Gross Domestic Product, Current PricesEUR 3.64 Billions.
Current Account Balance (US Dollars)US$ -0.535 Billion
Current Account Balance (% GDP) -13.246 %
Economic Indicators for Montenegro 2015

GDP (Constant Prices, National Currency) for Montenegro in year 2015 is EUR 2.707 Billion.

GDP Growth (Constant Prices, National Currency) for Montenegro in year 2015 is 4.074 %.

GDP (Current Prices, National Currency) for Montenegro in year 2015 is EUR 3.64 Billion.

GDP (Current Prices, US Dollars) for Montenegro in year 2015 is US$ 4.039 Billion.

GDP Deflator for Montenegro in year 2015 is 134.481 (Index, Base Year as per country's accounts = 100).

GDP Per Capita (Constant Prices, National Currency) for Montenegro in year 2015 is EUR 4,348.58 .

GDP Per Capita (Current Prices, National Currency) for Montenegro in year 2015 is EUR 5,848.01 .

GDP Per Capita (Current Prices, US Dollars) for Montenegro in year 2015 is US$ 6,489.10 .

GDP (PPP), US Dollars for Montenegro in year 2015 is US$ 10.035 Billion.

GDP Per Capita (PPP), US Dollars for Montenegro in year 2015 is US$ 16,123.14 .

GDP Share of World Total (PPP) for Montenegro in year 2015 is 0.009 %.

Implied PPP Conversion Rate for Montenegro in year 2015 is 0.363 .

Investment (% of GDP) for Montenegro in year 2015 is 27.973 %.

Gross National Savings (% of GDP) for Montenegro in year 2015 is 14.726 %.

Inflation, Average Consumer Prices (Indexed to Year 2000) for Montenegro in year 2015 is 436.996 (Index, Base Year 2000 = 100).

Inflation (Average Consumer Price Change %) for Montenegro in year 2015 is 1.566 %.

Inflation, End of Year (Indexed to Year 2000) for Montenegro in year 2015 is 262.624 (Index, Base Year 2000 = 100).

Inflation (End of Year Change %) for Montenegro in year 2015 is 1.353 %.

Import Volume of All Items Including Goods and Services (Percent Change) for Montenegro in year 2015 is 8.175 %.

Import Volumes of Goods Only (Percent Change) for Montenegro in year 2015 is 7.445 %.

Export Volume of All Items Including Goods and Services (Percent Change) for Montenegro in year 2015 is 8.294 %.

Export Volumes of Goods Only (Percent Change) for Montenegro in year 2015 is -9.277 %.

Population for Montenegro in year 2015 is 0.622 Million .

General government revenue (National Currency) for Montenegro in year 2015 is EUR 1.478 Billions.

General government revenue (% of GDP) for Montenegro in year 2015 is 40.617 %.

General government total expenditure (National Currency) for Montenegro in year 2015 is EUR 1.747 Billions.

General government total expenditure (% of GDP) for Montenegro in year 2015 is 47.984 %.

Total Government Net Lending/ Borrowing (National Currency) for Montenegro in year 2015 is EUR -0.268 Billions.

Total Government Net Lending/ Borrowing (% of GDP) for Montenegro in year 2015 is -7.366 %.

Fiscal Year Gross Domestic Product, Current Prices for Montenegro in year 2015 is EUR 3.64 Billions.

Current Account Balance (US Dollars) for Montenegro in year 2015 is US$ -0.535 Billion.

Current Account Balance (% GDP) for Montenegro in year 2015 is -13.246 %.

* Source: IMF
Aggregate Indicators for Montenegro
Indicators
  Geography (Location, geographic coordinates, map references, area, terrain, elevation extremes, borders, coastline and maritime claims) for Montenegro
  Climate and Environment (climate, environmental issues, environmental agreements, natural hazards) for Montenegro
  Natural Resources, Agricultural Products, Land Use and Water Use for Montenegro
  Nationality, Ethnic Groups, Languages and Religions for Montenegro
  Telephone Statistics: Number of Fixed Lines, Mobile Phone Penetration Rate for Montenegro
  Age Structure, Median Age, Gender and Urbanization for Montenegro
  Population Growth Rate, Birth Rate, Death Rate, Net Migration Rate for Montenegro
  Life Expectancy Rate, Infant Mortality Rate and Total Fertility Rate for Montenegro
  HIV, AIDS and Other Major Infectious Disease Rates for Montenegro
  Literacy Rate, Educational Expenditure and School Life Expectancy for Montenegro
  Gross Domestic Product (PPP, Official Exchange Rate, Real Growth Rate and Per Capita) for Montenegro
  Industries and Industrial Growth Production Rate for Montenegro
  Labor Force by Occupation for Montenegro
  Poverty Line, Gini Index, Household Income and Consumption for Montenegro
  National Budget and Public Debt for Montenegro
  Bank Rates (Commercial Bank Prime Lending Rate, Central Bank Discount Rate) for Montenegro
  Stock of Money, Stock of Quasi Money, Stock of Domestic Credit for Montenegro
  Stock Market Capitalization: Market Value of Publicly Traded Shares for Montenegro
  Trade Statistics, Export Statistics, Export Partners and Products, Import Statistics, Import Partners and Products for Montenegro
  Foreign Exchange Reserves and Gold Reserves for Montenegro
  FDI Statistics (Foreign Direct Investment at Home/ Inbound FDI, Foreign Direct Investment Abroad/ Outbound FDI) for Montenegro
  Exchange Rate Statistics for Montenegro
  Electricity Production, Electricity Consumption, Electricity Exports and Electricity Imports for Montenegro
  Oil Production, Proven Oil Reserves, Oil Consumption, Oil Exports and Oil Imports for Montenegro
  Natural Gas Production, Proven Natural Gas Reserves, Natural Gas Consumption, Natural Gas Exports and Natural Gas Imports for Montenegro
  Television and Radio Statistics (TV Stats, Radio Stats) for Montenegro
  Internet Statistics (Internet Users, Internet Hosts, Country TLD) for Montenegro
  Airport Statistics (Paved Runway Airports, Unpaved Runway Airports, Heliports) for Montenegro
  Transport Statistics (Railways, Roadways, Waterways, Ports and Terminals, Airports, Merchant Marine) for Montenegro
  Military Statistics (Military Expenditure, Military Branches, Service Age and Obligation, Manpower Available and Fit for Military Service) for Montenegro
  Disputes, Refugees, Human Trafficking and Illicit Drug Production for Montenegro
* Source: CIA
Internet Indicators for Montenegro
Indicators
  Number of Internet Users for Montenegro
  Internet Penetration Rate for Montenegro
  Number of Facebook Accounts for Montenegro
  Facebook Penetration Rate for Montenegro
* Source: IWS
Economic Freedom Indicators for Montenegro
Indicators
  Economic Freedom World Rank for Montenegro
  Government Spending for Montenegro
  Monetary Freedom for Montenegro
  Investment Freedom for Montenegro
  Financial Freedom for Montenegro
  Property Rights for Montenegro
  Economic Freedom Regional Ranking for Montenegro
  Freedom from Corruption for Montenegro
  Labor Freedom for Montenegro
  Tariff Rate for Montenegro
  Income Tax Rate for Montenegro
  Corporate Tax Rate for Montenegro
  Tax Burden % of GDP for Montenegro
  Government Expenditure % of GDP for Montenegro
  Business Freedom for Montenegro
  Trade Freedom for Montenegro
  Fiscal Freedom for Montenegro
  2016 Score for Montenegro
* Source: HFO
Montenegro Economic Indicators in other Years
  Montenegro Economic Indicators for Year 2021 (Forecast)
  Montenegro Economic Indicators for Year 2020 (Forecast)
  Montenegro Economic Indicators for Year 2019 (Forecast)
  Montenegro Economic Indicators for Year 2018 (Forecast)
  Montenegro Economic Indicators for Year 2017 (Forecast)
  Montenegro Economic Indicators for Year 2016 (Forecast)
Montenegro Economic Indicators for Year 2015 (Current)
  Montenegro Economic Indicators for Year 2014
  Montenegro Economic Indicators for Year 2013
  Montenegro Economic Indicators for Year 2012
  Montenegro Economic Indicators for Year 2011
  Montenegro Economic Indicators for Year 2010
  Montenegro Economic Indicators for Year 2009
  Montenegro Economic Indicators for Year 2008
  Montenegro Economic Indicators for Year 2007
  Montenegro Economic Indicators for Year 2006
  Montenegro Economic Indicators for Year 2005
  Montenegro Economic Indicators for Year 2004
  Montenegro Economic Indicators for Year 2003
  Montenegro Economic Indicators for Year 2002
  Montenegro Economic Indicators for Year 2001
  Montenegro Economic Indicators for Year 2000
  Montenegro Economic Indicators for Year 1999
  Montenegro Economic Indicators for Year 1998
  Montenegro Economic Indicators for Year 1997
  Montenegro Economic Indicators for Year 1996
  Montenegro Economic Indicators for Year 1995
  Montenegro Economic Indicators for Year 1994
  Montenegro Economic Indicators for Year 1993
  Montenegro Economic Indicators for Year 1992
  Montenegro Economic Indicators for Year 1991
  Montenegro Economic Indicators for Year 1990
  Montenegro Economic Indicators for Year 1989
  Montenegro Economic Indicators for Year 1988
  Montenegro Economic Indicators for Year 1987
  Montenegro Economic Indicators for Year 1986
  Montenegro Economic Indicators for Year 1985
  Montenegro Economic Indicators for Year 1984
  Montenegro Economic Indicators for Year 1983
  Montenegro Economic Indicators for Year 1982
  Montenegro Economic Indicators for Year 1981
  Montenegro Economic Indicators for Year 1980


Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International