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 616,695 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 155 position by nominal GDP. Its national debt in 2022 was 4,180 millions of euros (4,405 millions of dollars), ( 72.1% debt-to-GDP ratio) and its public debt per capita is €6,778 euros per inhabitant$7,143 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 0.832 points in 2021, leaving it in 49th place in the table of 191 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 [+]2023Q42,777K
Annual GDP [+]2022€5,924M
Annual GDP [+]2022$6,230M
GDP per capita [+]2022€9,600
GDP per capita [+]2022$10,102
Quarterly GDP [+]2023Q4€1,713M
Debt (M.€.) [+]20224,180
Debt ($M) [+]20224,405
Debt (%GDP) [+]202272.10%
Debt Per Capita [+]2022€6,778
Debt Per Capita [+]2022$7,143
Deficit (M.€) [+]2022-242
Deficit ($M) [+]2022-255
Deficit (%GDP) [+]2022-4.17%
Expenditure (M.€) [+]20222,503.0
Expenditure ($M) [+]20222,637.7
Gov. Health Exp. (M.€) [+]2019251.8
Gov. Health Exp.($M) [+]2019281.9
Gov. Health Exp. (%Bud.) [+]201612.06%
Defence Expenditure (M.€) [+]202295.2
Defence Expenditure ($M) [+]2022100.1
Defence Expenditure (%Bud.) [+]20223.95%
Expenditure (%GDP) [+]202243.18%
Expenditure Per Capita [+]2022€4,059
Expenditure Per Capita [+]2022$4,277
Gov. Health Exp. P.C. [+]2019€405
Gov. Health Exp. P.C. [+]2019$453
Defence Expenditure P.C. [+]2022€154
Defence Expenditure P.C. [+]2022$162
Moody's Rating [+]09/09/2022B1
S&P Rating [+]03/05/2021B
Corruption Index [+]202245
Competitiveness Ranking [+]201973º
Fragile States Index [+]201855.3
RTI Raking [+]202260º
Innovation Ranking [+]201852º
Labour
Unemployment rate [+]2021Q415.4%
Unemployed [+]2021Q442K
NMW [+]2023$568.9
NMW [+]2024€532.5
Markets
US Dollar exchange rate [+]02/20/20240.9258
Stock ExchangeYTD % [+]02/20/2024-1.82%
Prices
HICP [+]December 202314.8%
PPI Year on Year [+]December 20235.6%
Money Market
Key rates [+]09/20/20234.50%
Business
Doing Business [+]202050º
IPI Year on Year [+]December 2023-10.5%
Taxes
Standard VAT [+]01/01/201921.00%
Top tax rate + SSC [+]20209.0%
Trade
Annual arrivals [+]20192,509,625
Exports [+]2023€625.4M
Exports [+]2023$676.3M
Exports % GDP [+]202211.82%
Imports [+]2023€3,383.3M
Imports [+]2023$3,658.4M
Imports % GDP [+]202259.75%
Trade balance [+]2023€-2,757.9M
Trade balance [+]2023$-2,982.1M
Trade balance % GDP [+]2022-47.93%
Retail Sales YoY [+]December 202311.6%
Socio-Demography
Global AgeWatch Ranking [+]201568º
Density [+]202245
Global Peace Ranking [+]202345º
Crude divorce rate [+]20211.20‰
Remittance received ($M) [+]2017426.3
% Immigrant [+]202011.44%
% Emigrant [+]202021.42%
Birth Rate [+]202211.40‰
Remittance sent ($M) [+]201775.6
Crude death rate [+]202211.50‰
Fertility Rate [+]20211.76
Crude marriage rate [+]20215.20‰
% risk of poverty [+]202220.3%
Population [+]2022616,695
Immigrant stock [+]202070,999
Emigrant stock [+]2020132,965
HDI [+]20210.832
Gender Gap Ranking [+]202369º
Life expectancy [+]202173.80
Suicides [+]201569
Suicide rate [+]201511.07
Number of homicides [+]202216
Rate Homicides per 100.000 [+]20222.55
Energy and Environment
Consumption GWh [+]20212,891
Generation GWh [+]20213,299
Others
COVID-19 - Deaths [+]02/04/20242,654
COVID-19 - Confirmed [+]02/04/2024251,280
Fully vaccinated [+]08/26/2022284,869
COVID-19 - Deaths per million population [+]02/04/20244,303.59
Doses administered [+]08/26/2022679,171