Montenegro Montenegro

Subscribe to our free email alert service

Montenegro, is a country located at Southern Europe, it has an area of 13,810 Km2 so it is one of the smallest countries in the world.

Montenegro, with a population of 620,739 people, it is one of the least populous country in the world and it has a moderate population density, 45 people per km2.

It's capital is Podgorica and its currency is Euros

Montenegro is holding the 156 position by nominal GDP. Its national debt in 2020 was 4,493 millions of euros (5,132 millions of dollars), ( 107.15% debt-to-GDP ratio) and its public debt per capita is €7,238 euros per inhabitant$8,267 dollars per inhabitant.

In terms of the human development index (HDI) of Montenegro, which is the index used by the United Nations to measure the progress of a country, was 0.829 points in 2019, leaving it in 48th place in the table of 189 countries published.

If the reason to visit Montenegro are business, you must know it's in the 50th of the Doing Business ranking , which provides objective measures of business regulations for local firms.

In the tables at the bottom of the page, you can see more information about the economy and demography of Montenegro, if you want to see information about other countries click here

Podgorica: Monthly Temp.
Podgorica: Monthly Rainfall
Montenegro Economy
Gouvernement
Qu. GDP Per Capita [+]2021Q31,948K
Annual GDP [+]2020€4,186M
Annual GDP [+]2020$4,786M
GDP per capita [+]2020€6,740
GDP per capita [+]2020$7,703
Quarterly GDP [+]2021Q3€1,209M
Debt (M.€.) [+]20204,493
Debt ($M) [+]20205,132
Debt (%GDP) [+]2020107.15%
Debt Per Capita [+]2020€7,238
Debt Per Capita [+]2020$8,267
Deficit (M.€) [+]2020-458
Deficit ($M) [+]2020-523
Deficit (%GDP) [+]2020-10.92%
Expenditure (M.€) [+]20202,275.0
Expenditure ($M) [+]20202,598.5
Gov. Health Exp. (M.€) [+]2016226.7
Gov. Health Exp.($M) [+]2016250.9
Gov. Health Exp. (%Bud.) [+]201612.06%
Defence Expenditure (M.€) [+]202085.9
Defence Expenditure ($M) [+]202098.3
Defence Expenditure (%Bud.) [+]20204.14%
Expenditure (%GDP) [+]202054.25%
Expenditure Per Capita [+]2020€3,665
Expenditure Per Capita [+]2020$4,186
Gov. Health Exp. P.C. [+]2016€360
Gov. Health Exp. P.C. [+]2016$399
Defence Expenditure P.C. [+]2020€138
Defence Expenditure P.C. [+]2020$158
Moody's Rating [+]03/06/2020B1
S&P Rating [+]03/05/2021B
Corruption Index [+]202045
Competitiveness Ranking [+]201973º
Fragile States Index [+]201855.3
RTI Raking [+]09/28/201859º
Innovation Ranking [+]201852º
Labour
Unemployment rate [+]2020Q421.2%
Unemployed [+]2020Q454K
NMW [+]2021$406.6
NMW [+]2021€331.3
Markets
US Dollar exchange rate [+]01/21/20220.8812
Stock ExchangeYTD % [+]01/21/20221.01%
Prices
HICP [+]July 2016-0.5%
PPI Year on Year [+]November 20212.8%
Money Market
Key rates [+]10/17/20170%
Business
Doing Business [+]201950º
IPI Year on Year [+]November 20211.3%
Taxes
Standard VAT [+]01/01/201921.00%
Top tax rate + SSC [+]20209.0%
Trade
Annual arrivals [+]20192,509,625
Exports [+]2020€366.1M
Exports [+]2017$419.3M
Exports % GDP [+]20208.75%
Imports [+]2020€2,105.2M
Imports [+]2017$2,612.1M
Imports % GDP [+]202050.30%
Trade balance [+]2020€-1,739.1M
Trade balance [+]2017$-2,192.8M
Trade balance % GDP [+]2020-41.55%
Retail Sales YoY [+]November 202115.3%
Socio-Demography
Global AgeWatch Ranking [+]201568º
Density [+]202045
Global Peace Ranking [+]202151º
Crude divorce rate [+]20191.40‰
Remittance received ($M) [+]2017426.3
% Immigrant [+]201911.41%
% Emigrant [+]201924.60%
Birth Rate [+]202011.40‰
Remittance sent ($M) [+]201775.6
Crude death rate [+]202011.70‰
Fertility Rate [+]20191.77
Crude marriage rate [+]20195.70‰
% risk of poverty [+]201924.5%
Population [+]2020620,739
Immigrant stock [+]201970,967
Emigrant stock [+]2019153,009
HDI [+]20190.829
Gender Gap Ranking [+]202071º
Life expectancy [+]201976.70
Suicides [+]201569
Suicide rate [+]201511.07
Number of homicides [+]201923
Rate Homicides per 100.000 [+]20193.66
Energy and Environment
Consumption GWh [+]20193,247
Generation GWh [+]20193,487
Others
COVID-19 - Deaths [+]01/20/20222,496
COVID-19 - Confirmed [+]01/20/2022209,719
Fully vaccinated [+]01/20/2022276,444
COVID-19 - Deaths per million population [+]01/20/20224,021.01
Doses administered [+]01/20/2022648,757