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Economy of Montenegro

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1834:(IFAD) in 2015, which notes that the rural population represents one-third of the total. In 2019 the IFAD focused its activities "on the key challenges of better connectivity and higher productivity by (i) fostering the graduation of micro and small agricultural holdings from the current non-viable subsistence-type agriculture toward semi-commercial and commercial agriculture, through investments in pro-poor rural infrastructure, (ii) promoting the aggregation of smallholders within inclusive value chain clusters and (iii) supporting the proactive role of municipalities to deploy investment to promote inclusion for entire sectors of the rural population." 856: 40: 680: 870: 708: 1166: 1043: 1019: 999: 530: 522: 368: 346: 338: 694: 926: 666: 940: 842: 912: 828: 814: 764: 638: 898: 722: 750: 884: 736: 652: 1139: 977: 969: 785: 609: 469: 461: 439: 412: 396: 237: 229: 152: 140: 122: 1812:, and with the exception of beef, sugar and wine all agricultural products originating in Montenegro can enter the EU duty free. The EU has a large agri-food trade surplus with Montenegro, and exports meat, dairy and food preparations. The EU mainly imports vegetables such as mushrooms, wine and oils from Montenegro. 1452:'s economy was originally wholly based in agriculture, but it began developing an industrial economy at the turn of the 20th century. Growth was hampered by its small population, lack of raw materials, an underdeveloped transport network, and a comparatively low rate of domestic and international investment. 1823:
was 8%. Agricultural land accounts for 38% of the total. Olives and citrus fruits are grown in the coastal region, while seasonal vegetables and tobacco are produced in the central areas. In the north of the country ungulates dominate the farming. The largest share of the land consists of pasture and
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In the first half of 2012, Montenegro exported goods, mostly metals, worth €182.3 million, which was 14.6% less than in the same period of the preceding year. Its major export partners include Croatia, Serbia, Bosnia and Herzegovina, and Hungary. Montenegro's imports in the first half of 2012, mostly
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From 2023, a tax rate of 9% is applied to personal gross income above €700 per month, and a tax rate of 15% for income above €1,000 per month. Montenegrin municipalities also apply an income tax surcharge equivalent to 13-15% of the national tax rate. Social security costs are 15.5%, 6% being borne
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is the country's primary communication with the maritime trade. Its terminal is specialized in bulk shipment of bauxite and other ores, grain, wood products, acetic acid and petroleum derivatives. In 2019 its allowable draft was reported as 12.8m and several private storage tanks exist on site, to
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Following the dissolution of Yugoslavia in the early 1990s, Montenegro's entire industrial production system effectively collapsed, leading to shortages of many goods and skyrocketing prices for them. Due to its political alliance with Serbia and favourable geographic location, with access to the
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In June 2023 APCG obtained €82m finance to build the Gvozd wind farm which will generate 54.6 MW. A new wind farm, the Bijela wind farm is planned with 118MW capacity following UAE based Alcazar Energy acquiring the rights in 2023 to spend $ 200m building the farm.
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The banking sector of Montenegro has a significant share of foreign capital. Banks in Montenegro provide both retail and corporate banking products under one roof, and most offer non-resident accounts, usually to both natural persons and legal entities.
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in 2020 saw Montenegro suffer a 15% drop in GDP and high unemployment in the tourist sector before rebounding in 2021. Montenegro prefers luxurious and upscale projects to attract tourists, encouraging foreign investment to create the facilities.
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In 2022, the sector with the highest number of companies registered in Montenegro is Services with 15,496 companies followed by Retail Trade and Wholesale Trade with 11,200 and 6,839 companies respectively.
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food, oil, and electrical energy, were worth €864.9 million, which was 2.6% more than the same period in 2011. Its major import partners include Serbia, Greece, and Bosnia and Herzegovina.
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as its dominant currency. These economic policies also led to a revision in 2003 of the relationship between the two countries from a federal republic to a much looser political union of
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Following the independence referendum, Montenegro's economy has evolved to highlight its service sector, with a goal of becoming an elite tourist destination, and is
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In July 2006 prior to EU integration efforts a survey document was produced by the Ministry of Agriculture, Forestry and Water Management for the EU-funded project
1603:. Attempts to attract foreign investors for large infrastructure projects are ongoing, as these projects are integral to its development as a tourist destination. 4032: 1649:, founded in 1993, was strengthened in 2011 when it merged to become the sole stock exchange in the country. It is owned by a number of financial institutions. 1596: 256: 1557: 419: 404: 4140: 3366: 3317: 1775:(EPCG) is the mainly state-owned coal and power producer and distributor which owns two large hydroelectric plants and a coal powered thermal power plant. 1614:
and others buying property on the Montenegrin coast. As of 2008, Montenegro received more foreign investment per capita than any other nation in Europe.
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With 300km of coastline, backed by mountains, Montenegro is proving to be a desirable holiday destination and generated around 25% of Montenegro's GDP.
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After years with a minimum wage of €288.10 per month, there was a small increase in 2019 to €331.30 before 2022 saw a jump to €532.50, €6,390 p.a.
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signed in 2007 giving free trade between Albania, North Macedonia, Moldova, UNMIK/Kosovo, Croatia, Serbia, and Bosnia and Herzegovina.
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and experienced a period of rapid urbanization and industrialization. Its industrial sector included the generation of electricity,
1361: 3125: 2858: 2322: 3911: 3771: 3534: 2083: 1798: 1325: 4133: 3753: 3646: 3595: 3359: 3231: 2901:"An Analysis of International Trade of Montenegro Using Statistics on the Operations of Transnational Corporations' Affiliates" 2023: 1523:, and tobacco manufacturing, while international trade, shipping, and tourism became increasingly important by the late 1980s. 1250: 1210: 494: 283: 3035: 4533: 3948: 3802: 3477: 1341: 500: 289: 178: 2745: 2723: 1487:(1939–45). Throughout the first half of the 20th century, agriculture continued to dominate Montenegro's economic activity. 1433: 3332: 4512: 4405: 4218: 3707: 3585: 2932: 2434: 1222: 488: 277: 3094: 1785:
In 2023 Montenegro exported around €200m worth of electricity (2022 €140m) becoming the top export item for the country.
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Two wind power farms are in operation, Krnovo Wind Farm and Možura Wind Farm which generate a total of 118MW.
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Montenegro's economy was developed significantly after World War II, as the country was integrated into the
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for the overall decline of the Montenegrin economy. Resurgent inflation led the Montenegrin government to "
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is handled through an operational quay which is 400m long with water depth of between 4m and 5.9m.
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Since 2010 agricultural trade relations between the EU and Montenegro have been governed by the
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Copper ore, aluminum, electricity, dried legumes, packaged medicines, lead, scrap iron, lumber
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VAT standard rate is 21% in 2022, with some items at 7% and is in line with EU guidelines.
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the economic growth slowed, as several infrastructure projects, such as the development of
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learned as late as November 2021 how to collect its data in formats acceptable to the
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Montenegro has free trade agreements with many countries, but not Russia or Belarus.
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The union did not last and on 21 May 2006, the people of Montenegro voted by
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Refined petroleum, cars, packaged medicines, recreational boats, cigarettes
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Montenegro Institutional Development and Agriculture Strengthening Project
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Europe Central Asia Economic Update, Spring 2020 : Fighting COVID-19
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Montenegro experienced a real estate boom in 2006 and 2007, with wealthy
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The Njegoskij Fund Public Project >> Country Profile on Montenegro
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was upgraded in EU compliant manners, a Border Inspection Post with
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in 2005, declared bankruptcy in 2013 and was sold to local magnate
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Outline of Montenegro#Economy and infrastructure of Montenegro
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in March 2019 that the share of agriculture in Montenegro's
3232:"Imports of goods and services (current US$ ) - Montenegro" 1828: 1412:, the decline of industry following the dissolution of the 1455:
The first industrial enterprises built in Montenegro were
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Directorate-General for Agriculture and Rural Development
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Agriculture and Rural Development Strategy of Montenegro
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was founded in 2001 and shortly thereafter adopted the
3095:"Electricity becomes Montenegro's biggest export item" 3203:. No. Report No: 5251-ME. IFAD. 7 November 2019. 1810:
EU-Montenegro Stabilisation and Association Agreement
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Members of the Central European Free Trade Agreement
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Turkey free trade agreement became effective in 2010
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As a relatively small principality founded in 1852,
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31.4% at risk of poverty or social exclusion (2022)
319: 302: 270: 247: 218: 187: 166: 129: 116: 111: 90: 74: 62: 51: 2976:"Montenegro Investment and Business Opportunities" 3128:. United Nations in Montenegro. 26 November 2021. 3010:""Uniprom" uplatio 10 mil EUR za imovinu KAP-a" 2946:"Industry Breakdown of Companies in Montenegro" 1832:International Fund for Agricultural Development 1556:took control of Montenegro's ruling party, the 980:Abroad: $ 39.77 million (31 December 2017 est.) 2905:Journal of Central Banking Theory and Practice 1638:as the currency of the country in March 2002. 1564:. He blamed the policies of Serbian President 4134: 4040: 3360: 2229:"World Economic Outlook Database, April 2020" 2109:"World Economic Outlook Database, April 2019" 1841:contributed a development project called the 1381: 8: 2814:. World Trade Organization. 24 August 2012. 1940:Exports per year (Source: World Bank) 1883:Imports per year (Source: World Bank) 1558:Democratic Party of Socialists of Montenegro 1149:All values, unless otherwise stated, are in 29: 2899:Živković, Olivera; Bjelić, Predrag (2017). 4141: 4127: 4119: 4047: 4033: 4025: 3807: 3741: 3629: 3568: 3367: 3353: 3345: 3226: 3224: 3176:"Agriculture in the enlargement countries" 3061: 3059: 2201: 2199: 2197: 2195: 2193: 2191: 1845:, by which (amongst other highlights) the 1388: 1374: 1160: 38: 2993:"T.2.1 The Action Plan - PP7 Port of Bar" 2916: 2724:"Montenegro budget balance 2024 estimate" 2528:"Employment rate by sex, age group 20-64" 2266: 2264: 2262: 2260: 2258: 2256: 2254: 2252: 2250: 1715:The 2007 recession was difficult for the 1560:, and began severing political ties with 1042: 1018: 998: 529: 521: 367: 345: 337: 3195: 3193: 1938: 1881: 1497:Socialist Federal Republic of Yugoslavia 3518:German occupied territory of Montenegro 3217:. The World Bank Group. 14 August 2020. 3016:(in Montenegrin). Tanjug. 12 March 2015 2790:"Reserves of foreign exchange and gold" 2138:"World Bank Country and Lending Groups" 2100: 1340: 1315: 1235: 1195: 1188: 1181: 1142:$ 1.982 billion (31 December 2021 est.) 972:$ 737.7 million (31 December 2017 est.) 2818:from the original on 10 September 2011 2659:The Observatory of Economic Complexity 2612:The Observatory of Economic Complexity 2443:HDRO (Human Development Report Office) 2411:HDRO (Human Development Report Office) 1548:Dissolution of State Union with Serbia 28: 3318:Montenegro Economy and Financial News 2748:. Standard & Poor's. 1 March 2024 2726:. Standard & Poor's. 1 March 2024 2301:"Estimated inflation rate Montenegro" 2012:Central European Free Trade Agreement 1587:to declare independence from Serbia. 1408:, as it navigates the impacts of the 349:18.1% on less than $ 5.50/day (2020f) 7: 3201:"Montenegro - Country strategy note" 2998:. Interreg ADRION. 30 December 2019. 2479:from the original on 30 January 2024 2446:United Nations Development Programme 2414:United Nations Development Programme 1768:List of power stations in Montenegro 3142:. Statistical Office of Montenegro. 2702:"Montenegrin national debt to GDP" 1827:Montenegro became a member of the 1699:service trade. Ro–Ro traffic from 1438:North Atlantic Treaty Organization 25: 3513:Italian governorate of Montenegro 3266:"Montenegro repeats minimum wage" 2933:Crna Gora najviše uvozi iz Srbije 2876:by Željko Bogetić and Steve Hanke 2499:"Labor force, total - Montenegro" 2353:. 9 April 2020. pp. 61, 62. 2207:"World Economic Outlook Database" 1948:Exports (Billions in US dollars) 1891:Imports (Billions in US dollars) 1597:navigating the process of joining 2887:Montenegro declares independence 2084:Economy of Serbia and Montenegro 1837:Over the years 2009 to 2019 the 1799:Statistical Office of Montenegro 1164: 1138: 1137: 1041: 1017: 997: 976: 975: 968: 967: 938: 924: 910: 896: 882: 868: 854: 840: 826: 812: 784: 783: 762: 748: 734: 720: 706: 692: 678: 664: 650: 636: 608: 607: 528: 520: 468: 467: 460: 459: 438: 437: 411: 410: 395: 394: 366: 344: 336: 236: 235: 228: 227: 151: 150: 139: 138: 121: 120: 3328:CIA World Factbook - Montenegro 2655:"Import partners of Montenegro" 2608:"Export partners of Montenegro" 2403:"Human Development Index (HDI)" 2024:European Free Trade Association 533:30.7% youth unemployment (2018) 4539:Economies of Europe by country 3036:"Investment Climate Statement" 2974:Milonjić, Veljko (July 2019). 2963:Offshore Banking in Montenegro 2467:"Corruption Perceptions Index" 1683:, and the construction of the 1002:−$ 540.073 million (2021 est.) 1: 3333:A New Playground for the Rich 2768:"Country credit opinion 2023" 2680:"Montenegrin current account" 2235:. International Monetary Fund 1404:is currently in a process of 442:46 out of 100 points (2023) ( 232:$ 12,645 (nominal, 2024 est.) 3554:2006 independence referendum 2770:. Moody's. 12 September 2023 2561:appsso.eurostat.ec.europa.eu 1572:" the economy, adopting the 472:59.8% employment rate (2018) 432:Corruption Perceptions Index 2280:Central Intelligence Agency 2215:International Monetary Fund 2117:International Monetary Fund 1723:. The plant, first sold to 1060:−3.1% (of GDP) (2024 est.): 788:$ 3.637 billion (2021 est.) 612:$ 2.502 billion (2021 est.) 104:Upper-middle income economy 4555: 3294:"Tax system in Montenegro" 2472:Transparency International 2142:datahelpdesk.worldbank.org 2031:Most-Favored Nation status 1815:It was reported by the EC 1765: 1746: 1656: 1632:Central Bank of Montenegro 481:Labour force by occupation 174:158th (nominal, 2023 est.) 45:Central Bank of Montenegro 4062: 3998: 3810: 3744: 3632: 3571: 2167:"Population on 1 January" 1773:Elektroprivreda Crne Gore 1717:Podgorica Aluminium Plant 1647:Montenegro Stock Exchange 1146: 1046:65.76% of GDP (2023 est.) 257:79th (nominal, 2023 est.) 240:$ 29,695 (PPP, 2024 est.) 37: 3777:Mobile network operators 3140:"Crop production - data" 2746:"Montenegro rating 2024" 1873:Import/Export statistics 1430:World Trade Organization 1105:AAA (T&C Assessment) 1076:2.05 billion (2017 est.) 1068:1.78 billion (2017 est.) 3280:"Value-added tax (VAT)" 3154:"Enlargement countries" 2918:10.1515/jcbtp-2017-0008 2812:"Members and Observers" 2069:Geography of Montenegro 1857:was established in the 1855:phyto-sanitary controls 1659:Transport in Montenegro 1536:and a shipping-link to 585:agricultural processing 386:Human Development Index 4199:Bosnia and Herzegovina 4072:Bosnia and Herzegovina 1721:gross domestic product 1691:had to be postponed. 876:Bosnia and Herzegovina 714:Bosnia and Herzegovina 566:monthly (August, 2023) 549:monthly (August, 2023) 179:152th (PPP, 2023 est.) 4534:Economy of Montenegro 3767:Economy of Montenegro 3542:Serbia and Montenegro 3496:Kingdom of Yugoslavia 2889:BBC News, 4 June 2006 2633:"Montenegrin imports" 2586:"Montenegrin exports" 2532:ec.europa.eu/eurostat 2171:ec.europa.eu/eurostat 2079:History of Montenegro 2074:Geology of Montenegro 1749:Tourism in Montenegro 1578:Serbia and Montenegro 1402:economy of Montenegro 1094:Standard & Poor's 1022:$ 3.66 billion (2021) 262:68th (PPP, 2023 est.) 18:Banking in Montenegro 3939:World Heritage Sites 2272:"The World Factbook" 1685:Bar-Boljare motorway 1665:2007 Great Recession 804:Main import partners 628:Main export partners 542:Average gross salary 4420:States with limited 4084:in accordance with 3703:Intelligence agency 3471:Kingdom of Dalmatia 2475:. 30 January 2024. 1941: 1884: 1803:European Commission 249:GDP per capita rank 100:Developing/Emerging 76:Trade organisations 34: 4150:Economy of Europe 3772:Telecommunications 3535:Socialist Republic 3441:Illyrian Provinces 3338:The New York Times 3252:"Trade Agreements" 3097:. 7 December 2023. 3083:. 12 October 2023. 2503:data.worldbank.org 1939: 1882: 1869:analysis methods. 1865:was accredited in 1847:food safety system 1755:Covid restrictions 1566:Slobodan Milošević 1432:on 29 April 2012. 1418:economic sanctions 1326:Telecommunications 1307:Zdravko Krivokapić 557:Average net salary 155:$ 18.812 billion ( 4521: 4520: 4116: 4115: 4089: 4022: 4021: 3994: 3993: 3797: 3796: 3731: 3730: 3698:Political parties 3647:Foreign relations 3619: 3618: 3466:Venetian Province 3335:, a slideshow by 2054:by the employee. 1999: 1998: 1992: 1991: 1935: 1934: 1434:Montenegro joined 1398: 1397: 1282:Political parties 1251:Foreign relations 1159: 1158: 1108:Outlook: Positive 525:16.1% (2017 est.) 321:Population below 143:$ 8.011 billion ( 16:(Redirected from 4546: 4458:Dependencies and 4157:Sovereign states 4143: 4136: 4129: 4120: 4079: 4049: 4042: 4035: 4026: 4007: 3808: 3762: 3742: 3630: 3569: 3547:Federal Republic 3491: 3478:Prince-Bishopric 3462:Austrian period 3431:Venetian Albania 3427:Venetian period 3421:under Crnojevići 3369: 3362: 3355: 3346: 3305: 3304: 3302: 3300: 3290: 3284: 3283: 3282:. 21 April 2023. 3276: 3270: 3269: 3262: 3256: 3255: 3254:. 6 August 2022. 3248: 3242: 3241: 3239: 3238: 3228: 3219: 3218: 3211: 3205: 3204: 3197: 3188: 3187: 3185: 3183: 3172: 3166: 3165: 3163: 3161: 3150: 3144: 3143: 3136: 3130: 3129: 3122: 3116: 3115: 3113: 3105: 3099: 3098: 3091: 3085: 3084: 3077: 3071: 3070: 3063: 3054: 3053: 3052:. 6 August 2022. 3046: 3040: 3039: 3038:. 6 August 2022. 3032: 3026: 3025: 3023: 3021: 3006: 3000: 2999: 2997: 2989: 2983: 2982: 2980: 2971: 2965: 2960: 2954: 2953: 2942: 2936: 2929: 2923: 2922: 2920: 2896: 2890: 2884: 2878: 2874:Crnogorska marka 2869: 2863: 2862: 2855: 2849: 2848: 2846: 2844: 2834: 2828: 2827: 2825: 2823: 2808: 2802: 2801: 2799: 2797: 2786: 2780: 2779: 2777: 2775: 2764: 2758: 2757: 2755: 2753: 2742: 2736: 2735: 2733: 2731: 2720: 2714: 2713: 2711: 2709: 2698: 2692: 2691: 2689: 2687: 2676: 2670: 2669: 2667: 2665: 2651: 2645: 2644: 2642: 2640: 2629: 2623: 2622: 2620: 2618: 2604: 2598: 2597: 2595: 2593: 2582: 2576: 2575: 2573: 2571: 2553: 2547: 2546: 2544: 2542: 2524: 2518: 2517: 2515: 2513: 2495: 2489: 2488: 2486: 2484: 2463: 2457: 2456: 2454: 2452: 2431: 2425: 2424: 2422: 2420: 2399: 2393: 2392: 2390: 2388: 2378: 2372: 2371: 2369: 2367: 2341: 2335: 2334: 2332: 2330: 2319: 2313: 2312: 2310: 2308: 2297: 2291: 2290: 2288: 2286: 2268: 2245: 2244: 2242: 2240: 2225: 2219: 2218: 2203: 2186: 2185: 2183: 2181: 2163: 2157: 2156: 2154: 2152: 2134: 2128: 2127: 2125: 2123: 2105: 2003:Trade agreements 1942: 1885: 1878: 1491:The Yugoslav era 1477:First Balkan War 1440:on 5 June 2017. 1390: 1383: 1376: 1310: 1297: 1168: 1161: 1141: 1140: 1132: 1131:Foreign reserves 1085: 1055: 1045: 1044: 1036: 1021: 1020: 1012: 1001: 1000: 992: 979: 978: 971: 970: 944: 942: 941: 930: 928: 927: 916: 914: 913: 902: 900: 899: 888: 886: 885: 874: 872: 871: 860: 858: 857: 846: 844: 843: 832: 830: 829: 818: 816: 815: 787: 786: 768: 766: 765: 754: 752: 751: 740: 738: 737: 726: 724: 723: 712: 710: 709: 698: 696: 695: 684: 682: 681: 670: 668: 667: 656: 654: 653: 642: 640: 639: 611: 610: 558: 532: 531: 524: 523: 471: 470: 463: 462: 441: 440: 418: 414: 413: 402: 398: 397: 374: 370: 369: 361: 360:Gini coefficient 348: 347: 340: 339: 333:8.6% (2013 est.) 326: 315:4.3% (2024 est.) 239: 238: 231: 230: 210: 204: 198: 154: 153: 142: 141: 124: 123: 42: 35: 33: 21: 4554: 4553: 4549: 4548: 4547: 4545: 4544: 4543: 4524: 4523: 4522: 4517: 4501: 4459: 4453: 4439:Northern Cyprus 4421: 4415: 4331:North Macedonia 4152: 4147: 4117: 4112: 4103:North Macedonia 4058: 4053: 4023: 4018: 4010: 4003: 3990: 3943: 3846: 3793: 3760: 3727: 3708:Law enforcement 3615: 3601:Protected areas 3558: 3489: 3447:Ottoman period 3411:under Nemanjići 3379: 3373: 3314: 3309: 3308: 3298: 3296: 3292: 3291: 3287: 3278: 3277: 3273: 3264: 3263: 3259: 3250: 3249: 3245: 3236: 3234: 3230: 3229: 3222: 3213: 3212: 3208: 3199: 3198: 3191: 3181: 3179: 3174: 3173: 3169: 3159: 3157: 3152: 3151: 3147: 3138: 3137: 3133: 3124: 3123: 3119: 3111: 3107: 3106: 3102: 3093: 3092: 3088: 3079: 3078: 3074: 3069:. 19 June 2023. 3065: 3064: 3057: 3048: 3047: 3043: 3034: 3033: 3029: 3019: 3017: 3008: 3007: 3003: 2995: 2991: 2990: 2986: 2978: 2973: 2972: 2968: 2961: 2957: 2944: 2943: 2939: 2930: 2926: 2898: 2897: 2893: 2885: 2881: 2870: 2866: 2857: 2856: 2852: 2842: 2840: 2836: 2835: 2831: 2821: 2819: 2810: 2809: 2805: 2795: 2793: 2788: 2787: 2783: 2773: 2771: 2766: 2765: 2761: 2751: 2749: 2744: 2743: 2739: 2729: 2727: 2722: 2721: 2717: 2707: 2705: 2700: 2699: 2695: 2685: 2683: 2678: 2677: 2673: 2663: 2661: 2653: 2652: 2648: 2638: 2636: 2631: 2630: 2626: 2616: 2614: 2606: 2605: 2601: 2591: 2589: 2584: 2583: 2579: 2569: 2567: 2555: 2554: 2550: 2540: 2538: 2526: 2525: 2521: 2511: 2509: 2497: 2496: 2492: 2482: 2480: 2465: 2464: 2460: 2450: 2448: 2433: 2432: 2428: 2418: 2416: 2401: 2400: 2396: 2386: 2384: 2380: 2379: 2375: 2365: 2363: 2361: 2343: 2342: 2338: 2328: 2326: 2321: 2320: 2316: 2306: 2304: 2299: 2298: 2294: 2284: 2282: 2270: 2269: 2248: 2238: 2236: 2227: 2226: 2222: 2205: 2204: 2189: 2179: 2177: 2165: 2164: 2160: 2150: 2148: 2136: 2135: 2131: 2121: 2119: 2107: 2106: 2102: 2097: 2092: 2060: 2048: 2040: 2005: 2000: 1875: 1791: 1770: 1764: 1751: 1745: 1733:Veselin Pejovic 1713: 1661: 1655: 1628: 1593: 1591:Current economy 1550: 1529: 1527:Post-Yugoslavia 1517:wood processing 1493: 1483:(1914–18), and 1471:, and electric 1446: 1420:imposed by the 1394: 1365: 1359: 1311: 1304: 1303: 1298: 1291: 1290: 1155: 1134: 1130: 1123: 1120:Outlook: Stable 1087: 1083: 1057: 1053: 1038: 1035:Government debt 1034: 1027:Public finances 1014: 1010: 994: 991:Current account 990: 983: 961: 951: 939: 937: 925: 923: 911: 909: 897: 895: 883: 881: 869: 867: 855: 853: 841: 839: 827: 825: 813: 811: 805: 795: 775: 763: 761: 749: 747: 735: 733: 721: 719: 707: 705: 693: 691: 679: 677: 665: 663: 651: 649: 637: 635: 629: 619: 573: 572:Main industries 560: 556: 543: 536: 509: 482: 475: 453: 434: 425: 416: 400: 388: 372: 363: 359: 352: 327: 322: 312: 298: 273: 266: 250: 243: 221: 214: 208: 202: 196: 190: 183: 162: 107: 93: 77: 67: 47: 31: 23: 22: 15: 12: 11: 5: 4552: 4550: 4542: 4541: 4536: 4526: 4525: 4519: 4518: 4516: 4515: 4513:European Union 4509: 4507: 4506:Other entities 4503: 4502: 4500: 4499: 4494: 4489: 4484: 4479: 4474: 4469: 4463: 4461: 4460:other entities 4455: 4454: 4452: 4451: 4446: 4441: 4436: 4431: 4425: 4423: 4417: 4416: 4414: 4413: 4408: 4406:United Kingdom 4403: 4398: 4393: 4388: 4383: 4378: 4373: 4368: 4363: 4358: 4353: 4348: 4343: 4338: 4333: 4328: 4323: 4318: 4313: 4308: 4303: 4298: 4293: 4288: 4283: 4278: 4273: 4271: 4266: 4261: 4256: 4251: 4246: 4241: 4236: 4231: 4226: 4221: 4219:Czech Republic 4216: 4211: 4206: 4201: 4196: 4191: 4186: 4181: 4176: 4171: 4166: 4160: 4158: 4154: 4153: 4148: 4146: 4145: 4138: 4131: 4123: 4114: 4113: 4111: 4110: 4105: 4100: 4095: 4090: 4080:(on behalf of 4074: 4069: 4063: 4060: 4059: 4054: 4052: 4051: 4044: 4037: 4029: 4020: 4019: 4017: 4016: 4009: 4008: 4000: 3999: 3996: 3995: 3992: 3991: 3989: 3988: 3983: 3982: 3981: 3971: 3970: 3969: 3959: 3953: 3951: 3945: 3944: 3942: 3941: 3936: 3931: 3926: 3925: 3924: 3919: 3914: 3909: 3899: 3894: 3889: 3884: 3883: 3882: 3872: 3867: 3862: 3856: 3854: 3848: 3847: 3845: 3844: 3843: 3842: 3832: 3827: 3822: 3817: 3811: 3805: 3799: 3798: 3795: 3794: 3792: 3791: 3786: 3781: 3780: 3779: 3769: 3764: 3756: 3751: 3745: 3739: 3733: 3732: 3729: 3728: 3726: 3725: 3724: 3723: 3718: 3710: 3705: 3700: 3695: 3694: 3693: 3683: 3682: 3681: 3671: 3670: 3669: 3667:Prime Minister 3659: 3657:Municipalities 3654: 3649: 3644: 3639: 3633: 3627: 3621: 3620: 3617: 3616: 3614: 3613: 3608: 3603: 3598: 3593: 3588: 3583: 3581:Extreme points 3578: 3572: 3566: 3560: 3559: 3557: 3556: 3551: 3550: 3549: 3539: 3538: 3537: 3530:SFR Yugoslavia 3527: 3526: 3525: 3520: 3515: 3505: 3504: 3503: 3493: 3485: 3480: 3475: 3474: 3473: 3468: 3460: 3459: 3458: 3453: 3445: 3444: 3443: 3437:French period 3435: 3434: 3433: 3425: 3424: 3423: 3418: 3413: 3405: 3400: 3399: 3398: 3389: 3387: 3381: 3380: 3378: articles 3374: 3372: 3371: 3364: 3357: 3349: 3343: 3342: 3330: 3325: 3320: 3313: 3312:External links 3310: 3307: 3306: 3285: 3271: 3257: 3243: 3220: 3206: 3189: 3167: 3145: 3131: 3117: 3100: 3086: 3072: 3055: 3041: 3027: 3001: 2984: 2966: 2955: 2937: 2924: 2891: 2879: 2864: 2861:. 30 May 2019. 2850: 2829: 2803: 2781: 2759: 2737: 2715: 2693: 2671: 2646: 2624: 2599: 2577: 2548: 2519: 2490: 2458: 2426: 2394: 2373: 2359: 2336: 2314: 2292: 2246: 2220: 2187: 2158: 2129: 2099: 2098: 2096: 2093: 2091: 2088: 2087: 2086: 2081: 2076: 2071: 2066: 2059: 2056: 2047: 2044: 2039: 2036: 2035: 2034: 2027: 2021: 2018: 2015: 2004: 2001: 1997: 1996: 1990: 1989: 1986: 1982: 1981: 1978: 1974: 1973: 1970: 1966: 1965: 1962: 1958: 1957: 1954: 1950: 1949: 1946: 1936: 1933: 1932: 1929: 1925: 1924: 1921: 1917: 1916: 1913: 1909: 1908: 1905: 1901: 1900: 1897: 1893: 1892: 1889: 1876: 1874: 1871: 1790: 1787: 1763: 1760: 1747:Main article: 1744: 1741: 1725:Oleg Deripaska 1712: 1709: 1657:Main article: 1654: 1653:Infrastructure 1651: 1627: 1624: 1601:European Union 1592: 1589: 1554:Milo Đukanović 1549: 1546: 1528: 1525: 1492: 1489: 1445: 1442: 1422:United Nations 1396: 1395: 1393: 1392: 1385: 1378: 1370: 1367: 1366: 1355: 1354: 1353: 1345: 1344: 1338: 1337: 1336: 1335: 1333:Transportation 1329: 1328: 1320: 1319: 1313: 1312: 1301:Prime Minister 1299: 1294:Milo Đukanović 1286: 1285: 1284: 1278: 1277: 1272: 1270:Municipalities 1266: 1265: 1260: 1254: 1253: 1248: 1240: 1239: 1233: 1232: 1231: 1230: 1225: 1219: 1218: 1213: 1208: 1200: 1199: 1193: 1192: 1186: 1185: 1179: 1178: 1170: 1169: 1157: 1156: 1147: 1144: 1143: 1135: 1128: 1125: 1124: 1122: 1121: 1118: 1115: 1109: 1106: 1103: 1100: 1097: 1090: 1088: 1081: 1078: 1077: 1074: 1070: 1069: 1066: 1062: 1061: 1058: 1054:Budget balance 1051: 1048: 1047: 1039: 1032: 1029: 1028: 1024: 1023: 1015: 1007: 1004: 1003: 995: 988: 985: 984: 982: 981: 973: 964: 962: 956: 953: 952: 950: 949: 935: 921: 907: 893: 879: 865: 851: 837: 823: 808: 806: 803: 800: 799: 796: 793: 790: 789: 781: 777: 776: 774: 773: 759: 745: 731: 717: 703: 689: 675: 661: 647: 632: 630: 627: 624: 623: 620: 617: 614: 613: 605: 601: 600: 596: 595: 589:consumer goods 574: 571: 568: 567: 561: 554: 551: 550: 544: 541: 538: 537: 535: 534: 526: 517: 515: 511: 510: 508: 507: 504: 498: 492: 485: 483: 480: 477: 476: 474: 473: 465: 464:257,387 (2019) 456: 454: 451: 448: 447: 435: 430: 427: 426: 424: 423: 408: 391: 389: 384: 381: 380: 364: 357: 354: 353: 351: 350: 342: 334: 330: 328: 320: 317: 316: 313: 303: 300: 299: 297: 296: 293: 287: 276: 274: 271: 268: 267: 265: 264: 259: 253: 251: 248: 245: 244: 242: 241: 233: 224: 222: 220:GDP per capita 219: 216: 215: 213: 212: 206: 200: 193: 191: 188: 185: 184: 182: 181: 176: 170: 168: 164: 163: 161: 160: 148: 135: 133: 127: 126: 125:633,158 (2023) 118: 114: 113: 109: 108: 106: 105: 102: 96: 94: 91: 88: 87: 78: 75: 72: 71: 68: 63: 60: 59: 53: 49: 48: 43: 24: 14: 13: 10: 9: 6: 4: 3: 2: 4551: 4540: 4537: 4535: 4532: 4531: 4529: 4514: 4511: 4510: 4508: 4504: 4498: 4495: 4493: 4490: 4488: 4485: 4483: 4480: 4478: 4475: 4473: 4472:Faroe Islands 4470: 4468: 4465: 4464: 4462: 4456: 4450: 4447: 4445: 4444:South Ossetia 4442: 4440: 4437: 4435: 4432: 4430: 4427: 4426: 4424: 4418: 4412: 4409: 4407: 4404: 4402: 4399: 4397: 4394: 4392: 4389: 4387: 4384: 4382: 4379: 4377: 4374: 4372: 4369: 4367: 4364: 4362: 4359: 4357: 4354: 4352: 4349: 4347: 4344: 4342: 4339: 4337: 4334: 4332: 4329: 4327: 4324: 4322: 4319: 4317: 4314: 4312: 4309: 4307: 4304: 4302: 4299: 4297: 4294: 4292: 4291:Liechtenstein 4289: 4287: 4284: 4282: 4279: 4277: 4274: 4272: 4270: 4267: 4265: 4262: 4260: 4257: 4255: 4252: 4250: 4247: 4245: 4242: 4240: 4237: 4235: 4232: 4230: 4227: 4225: 4222: 4220: 4217: 4215: 4212: 4210: 4207: 4205: 4202: 4200: 4197: 4195: 4192: 4190: 4187: 4185: 4182: 4180: 4177: 4175: 4172: 4170: 4167: 4165: 4162: 4161: 4159: 4155: 4151: 4144: 4139: 4137: 4132: 4130: 4125: 4124: 4121: 4109: 4106: 4104: 4101: 4099: 4096: 4094: 4091: 4087: 4083: 4078: 4075: 4073: 4070: 4068: 4065: 4064: 4061: 4057: 4050: 4045: 4043: 4038: 4036: 4031: 4030: 4027: 4015: 4012: 4011: 4006: 4002: 4001: 3997: 3987: 3984: 3980: 3977: 3976: 3975: 3972: 3968: 3965: 3964: 3963: 3960: 3958: 3955: 3954: 3952: 3950: 3946: 3940: 3937: 3935: 3932: 3930: 3927: 3923: 3920: 3918: 3915: 3913: 3910: 3908: 3905: 3904: 3903: 3900: 3898: 3895: 3893: 3890: 3888: 3885: 3881: 3878: 3877: 3876: 3873: 3871: 3868: 3866: 3863: 3861: 3858: 3857: 3855: 3853: 3849: 3841: 3838: 3837: 3836: 3833: 3831: 3828: 3826: 3823: 3821: 3818: 3816: 3813: 3812: 3809: 3806: 3804: 3800: 3790: 3787: 3785: 3782: 3778: 3775: 3774: 3773: 3770: 3768: 3765: 3763: 3757: 3755: 3752: 3750: 3747: 3746: 3743: 3740: 3738: 3734: 3722: 3719: 3717: 3714: 3713: 3712:Human rights 3711: 3709: 3706: 3704: 3701: 3699: 3696: 3692: 3689: 3688: 3687: 3684: 3680: 3677: 3676: 3675: 3672: 3668: 3665: 3664: 3663: 3660: 3658: 3655: 3653: 3650: 3648: 3645: 3643: 3640: 3638: 3635: 3634: 3631: 3628: 3626: 3622: 3612: 3609: 3607: 3604: 3602: 3599: 3597: 3594: 3592: 3589: 3587: 3584: 3582: 3579: 3577: 3574: 3573: 3570: 3567: 3565: 3561: 3555: 3552: 3548: 3545: 3544: 3543: 3540: 3536: 3533: 3532: 3531: 3528: 3524: 3521: 3519: 3516: 3514: 3511: 3510: 3509: 3506: 3502: 3501:Zeta Banovina 3499: 3498: 3497: 3494: 3492: 3486: 3484: 3481: 3479: 3476: 3472: 3469: 3467: 3464: 3463: 3461: 3457: 3454: 3452: 3449: 3448: 3446: 3442: 3439: 3438: 3436: 3432: 3429: 3428: 3426: 3422: 3419: 3417: 3416:under Balšići 3414: 3412: 3409: 3408: 3406: 3404: 3401: 3397: 3394: 3393: 3392:Roman period 3391: 3390: 3388: 3386: 3382: 3377: 3370: 3365: 3363: 3358: 3356: 3351: 3350: 3347: 3340: 3339: 3334: 3331: 3329: 3326: 3324: 3321: 3319: 3316: 3315: 3311: 3295: 3289: 3286: 3281: 3275: 3272: 3267: 3261: 3258: 3253: 3247: 3244: 3233: 3227: 3225: 3221: 3216: 3210: 3207: 3202: 3196: 3194: 3190: 3177: 3171: 3168: 3155: 3149: 3146: 3141: 3135: 3132: 3127: 3121: 3118: 3110: 3104: 3101: 3096: 3090: 3087: 3082: 3076: 3073: 3068: 3062: 3060: 3056: 3051: 3045: 3042: 3037: 3031: 3028: 3015: 3011: 3005: 3002: 2994: 2988: 2985: 2977: 2970: 2967: 2964: 2959: 2956: 2951: 2947: 2941: 2938: 2934: 2928: 2925: 2919: 2914: 2910: 2906: 2902: 2895: 2892: 2888: 2883: 2880: 2877: 2875: 2868: 2865: 2860: 2854: 2851: 2839: 2833: 2830: 2817: 2813: 2807: 2804: 2791: 2785: 2782: 2769: 2763: 2760: 2747: 2741: 2738: 2725: 2719: 2716: 2703: 2697: 2694: 2681: 2675: 2672: 2660: 2656: 2650: 2647: 2634: 2628: 2625: 2613: 2609: 2603: 2600: 2587: 2581: 2578: 2566: 2562: 2558: 2552: 2549: 2537: 2533: 2529: 2523: 2520: 2508: 2504: 2500: 2494: 2491: 2478: 2474: 2473: 2468: 2462: 2459: 2447: 2444: 2440: 2436: 2430: 2427: 2415: 2412: 2408: 2404: 2398: 2395: 2383: 2377: 2374: 2362: 2360:9781464815645 2356: 2352: 2348: 2347: 2340: 2337: 2324: 2318: 2315: 2302: 2296: 2293: 2281: 2277: 2273: 2267: 2265: 2263: 2261: 2259: 2257: 2255: 2253: 2251: 2247: 2234: 2230: 2224: 2221: 2216: 2212: 2208: 2202: 2200: 2198: 2196: 2194: 2192: 2188: 2176: 2172: 2168: 2162: 2159: 2147: 2143: 2139: 2133: 2130: 2118: 2114: 2110: 2104: 2101: 2094: 2089: 2085: 2082: 2080: 2077: 2075: 2072: 2070: 2067: 2065: 2062: 2061: 2057: 2055: 2051: 2045: 2043: 2037: 2032: 2028: 2025: 2022: 2019: 2016: 2013: 2010: 2009: 2008: 2002: 1995: 1987: 1984: 1983: 1979: 1976: 1975: 1971: 1968: 1967: 1963: 1960: 1959: 1955: 1952: 1951: 1947: 1944: 1943: 1937: 1930: 1927: 1926: 1922: 1919: 1918: 1914: 1911: 1910: 1906: 1903: 1902: 1898: 1895: 1894: 1890: 1887: 1886: 1880: 1879: 1872: 1870: 1868: 1864: 1860: 1856: 1852: 1848: 1844: 1840: 1835: 1833: 1830: 1825: 1822: 1818: 1813: 1811: 1806: 1804: 1800: 1796: 1788: 1786: 1783: 1779: 1776: 1774: 1769: 1761: 1759: 1756: 1750: 1742: 1740: 1738: 1734: 1730: 1726: 1722: 1718: 1710: 1708: 1706: 1702: 1697: 1692: 1690: 1686: 1682: 1678: 1674: 1670: 1666: 1660: 1652: 1650: 1648: 1643: 1639: 1637: 1633: 1625: 1623: 1619: 1615: 1613: 1609: 1604: 1602: 1598: 1590: 1588: 1586: 1581: 1579: 1575: 1571: 1567: 1563: 1559: 1555: 1547: 1545: 1543: 1539: 1535: 1526: 1524: 1522: 1518: 1514: 1510: 1506: 1502: 1498: 1490: 1488: 1486: 1482: 1478: 1474: 1470: 1466: 1462: 1458: 1453: 1451: 1443: 1441: 1439: 1435: 1431: 1427: 1423: 1419: 1415: 1411: 1410:Yugoslav Wars 1407: 1403: 1391: 1386: 1384: 1379: 1377: 1372: 1371: 1369: 1368: 1363: 1358: 1352: 1349: 1348: 1347: 1346: 1343: 1339: 1334: 1331: 1330: 1327: 1324: 1323: 1322: 1321: 1318: 1314: 1308: 1302: 1295: 1289: 1283: 1280: 1279: 1276: 1273: 1271: 1268: 1267: 1264: 1261: 1259: 1256: 1255: 1252: 1249: 1247: 1244: 1243: 1242: 1241: 1238: 1234: 1229: 1226: 1224: 1221: 1220: 1217: 1214: 1212: 1209: 1207: 1204: 1203: 1202: 1201: 1198: 1194: 1191: 1187: 1184: 1180: 1176: 1172: 1171: 1167: 1163: 1162: 1154: 1152: 1145: 1136: 1133: 1126: 1119: 1116: 1113: 1110: 1107: 1104: 1101: 1098: 1095: 1092: 1091: 1089: 1086: 1084:Credit rating 1079: 1075: 1071: 1067: 1063: 1059: 1056: 1049: 1040: 1037: 1030: 1025: 1016: 1013: 1011:external debt 1005: 996: 993: 986: 974: 966: 965: 963: 959: 954: 947: 936: 933: 922: 919: 908: 905: 894: 891: 880: 877: 866: 863: 852: 849: 838: 835: 824: 821: 810: 809: 807: 801: 797: 791: 782: 778: 771: 760: 757: 746: 743: 732: 729: 718: 715: 704: 701: 690: 687: 676: 673: 662: 659: 648: 645: 634: 633: 631: 625: 621: 615: 606: 602: 597: 594: 590: 586: 582: 578: 575: 569: 565: 562: 559: 552: 548: 547:€995 / $ 1053 545: 539: 527: 519: 518: 516: 512: 505: 502: 499: 496: 493: 490: 487: 486: 484: 478: 466: 458: 457: 455: 449: 445: 436: 433: 428: 421: 409: 406: 393: 392: 390: 387: 382: 378: 365: 362: 355: 343: 335: 332: 331: 329: 325: 318: 314: 310: 306: 301: 294: 291: 288: 285: 282: 281: 279: 275: 272:GDP by sector 269: 263: 260: 258: 255: 254: 252: 246: 234: 226: 225: 223: 217: 207: 201: 195: 194: 192: 186: 180: 177: 175: 172: 171: 169: 165: 158: 149: 146: 137: 136: 134: 132: 128: 119: 115: 110: 103: 101: 98: 97: 95: 92:Country group 89: 86: 82: 79: 73: 70:Calendar year 69: 66: 61: 57: 54: 50: 46: 41: 36: 27: 19: 4449:Transnistria 4411:Vatican City 4320: 4097: 3962:Coat of arms 3865:Architecture 3835:Montenegrins 3820:Demographics 3766: 3749:Central Bank 3736: 3637:Constitution 3508:World War II 3483:Principality 3396:Praevalitana 3336: 3297:. 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Statista 2507:World Bank 2451:12 October 2419:12 October 2351:World Bank 2325:. 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Index

Banking in Montenegro

Central Bank of Montenegro
Euro
Fiscal year
CEFTA
WTO
Developing/Emerging
GDP
nominal
PPP
158th (nominal, 2023 est.)
152th (PPP, 2023 est.)
79th (nominal, 2023 est.)
68th (PPP, 2023 est.)
Agriculture
Industry
Services
Inflation
CPI
poverty line
Gini coefficient
Eurostat
Human Development Index
49th
IHDI (40th)
Corruption Perceptions Index
63th
agriculture
industry

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