Montenegro Overview
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  • Area: 13 812 km2
  • Population: 625 266
  • The biggest town and capital: Podgorica
  • The historical capital: Cetinje
  • Climate: mediterranean,continental and mountain
  • The length of the coastline: 293 km
  • The population density: 44,9/km2
  • The administrative and territorial organisation: 1256 settlements, 24 municipalities
  • The longest river: Tara 158 km
  • The highest mountain peak: Prokletije 2524 m(altitude)
  • The biggest natural lake: Skadar lake 369,7 km2
  • Currency: Euro
  • GDP (mil.eur): 3,327.0
  • GDP per capita(in eur): 5,586.0
  • Real GDP Growth rate: 3,4%
  • Inflation: 1,9%
  • Personal income tax: 9%
  • Corporate income tax: 9%
  • Unemployment rate: 13,41%
  • Average wage(in eur): 501



Montenegro became a full member of NATO in May 2017, and it is expected that Montenegro is first next member of European Union.


For five years in a row, the country was leader in Europe according to the level of Foreign Direct Investment per capita and still is among the highest in the Central and Eastern Europe.


Predominately service oriented economy.


Key drivers of future growth are tourism and energy.


The World Tourism Travel Council/Oxford Economics estimates suggest that in long term growth (2015-2025) Montenegro will enjoy annual growth in visitors exports of around 8 % (3 rd possition in the world).

Current investments in tourism projects amount to about eur 3 billion.


One of the lowest tax rates in Europe.


The Montenegrin government is investing in local infrastructure such as roads,water and electricity supply , but definately further improvements will be necessary as the tourist number increase.


Montenegro has seen steady improvements in competitiveness and transparency.