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Montenegro Economic Indicators

Latest economic indicators and statistics for Montenegro.

Indicator Current Value Previous Value Frequency Period
GDP $8.07B $7.53B Yearly 2024
GDP Annual Growth Rate 3.04% 6.34% Yearly 2024
GDP per Capita $8,552.59 $8,304.26 Yearly 2024
GDP per Capita PPP $27,852.04 $27,043.33 Yearly 2024
R&D Expenditure (% GDP) 0.36% 0.5% Yearly 2019
Real GDP $5.34B $5.18B Yearly 2024
Annual Inflation Rate 3.34% 8.58% Yearly 2024
Annual Unemployment Rate 14.1% 14.62% Yearly 2024
Female Labor Force Rate 41.36% 41.6% Yearly 2024
Unemployment Rate 8.9% 9% Monthly Aug'25
Annual Exports $660.69M $722.52M Yearly 2024
Annual Imports $4.4B $4.12B Yearly 2024
Exports (% GDP) 44.87% 49.95% Yearly 2024
FDI Inflows (% GDP) 7.41% 6.98% Yearly 2024
Imports (% GDP) 67.55% 68.59% Yearly 2024
Net Trade (Goods & Services, BoP) -$1.85B -$1.4B Yearly 2024
Tariff Rate 1.88% 1.97% Yearly 2022
Trade (% GDP) 112.42% 118.54% Yearly 2024
Private Credit (% GDP) 46.4% 43.02% Yearly 2024
Average Prices of Dwellings in New Residential Buildings €2,201/sqm €2,158/sqm Quarterly Q2 2025
Adult Literacy Rate 99% 98.5% Yearly 2021
Gini Index 34.3 points 35.4 points Yearly 2021
Happiness Index 5.88 points 5.71 points Yearly 2024
Homicide Rate 2.39 2.86 Yearly 2021
Population 623,831 623,529 Yearly 2024
Poverty Rate 2.5% 2.2% Yearly 2021
Primary Enrollment Rate 106.11% 105.62% Yearly 2023
Agricultural Land (%) 18.88% 19% Yearly 2022
Annual CO2 Emissions 2.33M tonnes 2.39M tonnes Yearly 2023
Forest Area (%) 61.49% 61.49% Yearly 2022
Corruption Control -0.08 points -0.12 points Yearly 2023
Political stability index 0.07 points -0.14 points Yearly 2023
Infant Mortality Rate 2.1 2.2 Yearly 2023
Life Expectancy 77.59 76.19 Yearly 2023
Physicians per 1,000 people 2.75 2.77 Yearly 2022
Electricity Access 100% 100% Yearly 2023
Internet Users 89.8% 88.2% Yearly 2023
Travel Earnings $180M $1.28B Yearly 2020
Visitor Arrivals 351,000 2.51M Yearly 2020