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.
INVESTMENTS IN BALKAN AREA
NEWS & CONTACT
Do you know that...
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The World Bank said it expects the economies of Southeast European (SEE) countries to grow at a sluggish pace in 2011 and 2012. The World Bank said that the effects of a further global slowdown and the prolonged uncertainties around the Eurozone crisis will influence SEE economies through trade, foreign direct investment, foreign banks, and remittances.
