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Indicators of economy in Montenegro

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2020 was at about 10.922 US Dollar per capita. In contrast, the GDP in Montenegro reached 7.686 US dollars per inhabitant, or 4.78 bn US Dollar in the whole country. Montenegro is currently at number 159 among the international economies and is therefore one of the less significant. If this is calculated per inhabitant taking into account the purchasing power parity, then Montenegro is in the list of the world's richest countries in place 58.

Inflation in Montenegro was in 2020 at around -0.26%. For the the EU, the average of the same was year at 0.51%.

Compared to Germany, the prices for convenience goods are approximately 47.82% lower.
The Corruption Perceptions Index for the public sector counts 45 and is compared to other countries bad.


Back to overview: Montenegro

Unemployment rates in percent 1991 - 2020

Economic performance 2020

 Montenegro
Total
Montenegro
per capita
EU
Total
EU
per capita
GDP4.78 bn USD7,686.09 USD15,192.65 tn USD29,499.72 USD
Gross national product4.91 bn USD7,900.21 USD16,042.23 tn USD31,149.36 USD


Development of gross domestic product in million US Dollar 2000 - 2020



Im- and Exports 2020

 Montenegro
Total
Montenegro
per capita
EU
Total
EU
per capita
Imports3.59 bn USD5,774.23 USD8,073.39 bn USD15,676.19 USD
Exports2.42 bn USD3,885.94 USD8,622.21 bn USD16,741.84 USD


Development of imports and exports in million US dollars 2007 - 2020

Exports
Imports



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