Montenegro - Economy
How is the economy of Montenegro? Based on the information we have, Montenegro has a formerly high-income economy; volcanic activity destroyed much of original infrastructure and economy; new capital and port is being developed; key geothermal and solar power generation; key music recording operations. Key agricultural products in this country include: cabbages, carrots, cucumbers, tomatoes, onions, peppers; livestock products.
More about the economy of Montenegro
Labor force
Industrial production growth rate -21% (2017 est.)
Industries tourism, rum, textiles, electronic appliances
Population below poverty line
Taxes and other revenues
Fiscal year
Exchange rates
Currency East Caribbean dollars (XCD) per US dollar -
Exchange rates 2023 2.7 (2023 est.)
Exchange rates 2022 2.7 (2022 est.)
Exchange rates 2021 2.7 (2021 est.)
Exchange rates 2020 2.7 (2020 est.)
Exchange rates 2019 2.7 (2019 est.)
Reserves of foreign exchange and gold
Reserves of foreign exchange and gold 2017 $47.58 million (2017 est.)
Reserves of foreign exchange and gold 2015 $51.47 million (2015 est.)
Current account balance
Current account balance 2017 -$15.4 million (2017 est.)
Current account balance 2016 -$12.2 million (2016 est.)
Budget
Revenues $55.651 million (2014 est.)
Expenditures $43.652 million (2014 est.)
Budget surplus (+) or deficit (-)
Imports
Imports 2021 $15.3 million (2021 est.)
Imports 2017 $39.44 million (2017 est.)
Imports 2016 $36.1 million (2016 est.)
Imports (partners) USA 62%, Antigua & Barbuda 6%, UK 5%, Belgium 4%, Trinidad & Tobago 3% (2023)
Comodities Imports force refined petroleum, electric generating sets, cars, stone processing machines, x-ray equipment (2023)
Exports
Imports 2021 $15.3 million (2021 est.)
Imports 2017 $39.44 million (2017 est.)
Imports 2016 $36.1 million (2016 est.)
Exports (partners) USA 25%, Antigua & Barbuda 13%, Guyana 13%, Egypt 12%, France 10% (2023)
Comodities Exports force gravel and crushed stone, sand (2023)
GDP (official exchange rate)
GDP - composition, by sector of origin
Agriculture 1.9% (2017 est.)
Industry 7.8% (2017 est.)
Services 90.3% (2017 est.)
GDP - composition, by end use
Household consumption 90.8% (2017 est.)
Government consumption 50.4% (2017 est.)
Investment in fixed capital 17.9% (2017 est.)
Investment in inventories -0.1% (2017 est.)
Exports of goods and services 29.5% (2017 est.)
Imports of goods and services -88.6% (2017 est.)
Unemployment rate
Unemployment rate 2017 5.6% (2017 est.)
All Important Facts about Montenegro

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Montenegro is found in Southeast Europe