Key Economic Indicators
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GDP (billion €)
|
4,5 (2021); 6,1 (October 2022)
|
|
GDP Growth Rate (%)
|
12 (2021); 5,9 (2022)
|
|
Population
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621.306
|
|
GDP per Capita (€)
|
8.000 (2021); 9.850 (October 2022)
|
|
Inflation Rate (%)
|
2,4 (2021); 13 (2022)
|
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Unemployment Rate (%)
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16,6 (2021); 14,9 (2022)
|
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Exports (€)
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437 million (2021); 520 million (January – September 2022)
|
|
Imports (€)
|
2,5 billion (2021); 2,6 billion (January – September 2022)
|
Main export items
: Aluminum and aluminum goods, mineral oils, fuels, wood and wooden goods,
charcoal, iron and steel
Main import items:
Mineral fuels, oils, machinery, mechanical devices and tools, electrical
machinery and equipment, pharmaceutical products
Main export countries of Montenegro
: Switzerland (104.8 million €), Serbia (103.4 million €)
and Bosnia and Herzegovina (69.9 million €) (January-September 2022)
Main import countries of Montenegro:
Serbia (451.0 million €), China (238.6 million €) and Greece (221.6 million
€) (January-September 2022)
The economic structure of Montenegro is mainly based on the service sector,
especially tourism.
Tourism accounts for about 25% of Montenegro's GDP. The country welcomes at
least three times as many tourists as its population every year. New luxury
tourism businesses, which also offer ship and yacht tourism opportunities,
make significant contributions to this sector. The country also attaches
importance to the improvement and expansion of land and railway networks
and air transportation opportunities.