INVESTMENTS IN MONTENEGRO

Montenegro became independent in 2006 when he became the 192nd Member of the United Nations. Overall, the economy is in a transitional phase, however, is characterized strongly as agricultural, by a strong industry development, especially over the last years.
Unemployment and regional inequalities are major political and economic problems for the country's development.
Montenegro has privatized a large aluminum complex - the dominant industry - as well as more services of the financial sector, and the country has begun to attract important foreign direct investment in tourism.
The global financial crisis had a significant negative impact on the economy due to the continuing credit crisis, the reduced activity of the real estate and the fall in exports of aluminum.

MONTENEGRO

2014

G.D.P. in purchasing power terms (billion $)

$9,428

G.D.P. in nominal values (billion $)

$4,551

G.D.P. growth in 2014

1,50%

Per capita G.D.P. in purchasing power terms

$15.100

Investments in fixed assets as % of the G.D.P.

19,50%

Inflation rate

-0,70%

Total borrowing of the economic units (bil. $)

$2,63

Exports (mil. $)

$370,2

Imports (mil. $)

$1,982

Total Foreign Direct Investments (mil. $)

$483

Work Force

463.200

Unemployment rate

18,50%

% of people under the poverty threshold

8,60%

Energy production (bil.)

3,809 kWh

Energy consumption (bil.)

0,696 kWh

State budget incomes (bil. $)

$1,56

State budget expenditures (bil. $)

$1,63

State budget deficit as a % of the G.D.P.

-1,50%

Tax incomes as a % of the GDP

34,30%

Public Debt as a % of the GDP

59,50%

Foreign Dept (bil $)

$1,576

Lending interest rate of commercial banks

9,22%

Corporate tax rate

9%

Highest income tax rate

9%

Highest VAT rate

17%

Market value of publicly traded shares (bil.$)

$7,532

Insurance Contributions for employee

24%

Insurance Contributions for employer

9,80%

The real estate market, which had attracted the interest mainly of Russians investors and the touristic foreign currency has been, until recently, the drivers of the local economy. Tourism continues to go well, but the real estate market seems to be blocked, as a result of the continuing decline in property prices.
Finally, a bank of Greek interests is active in the country.

Do you know that...

  • Serbia is at the very bottom of the European export list. Export from Serbia equals approximately USD 1,450 per resident, compared to USD 10,000 in Czech Republic, for instance. Export from Czech Republic has increased twenty times since 1990, while Serbia‟s export has not even doubled. Serbia‟s foreign trade in the first nine months of 2011 reached EUR 16.72 billion, with EUR 4.17 billion deficit.

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