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MONTENEGRO AT A GLANCE

MONTENEGRO AT A GLANCE

MONTENEGRO AT A GLANCE

Position: 41°52’-43°42’ latitude, 18°26’-20°22’ longitude
Population: 622,373 (2017 midyear est.)
Life Expectancy at birth, years: (2017) 76.7
Capital City Podgorica
Administrative division: 24 municipalities
Old Royal Capital City Cetinje
Geographic area: 13,812 km2
Length of border: 614 km
Coastline: 293 km
Length of beaches: 73 km
Climate: Mediterranean
Average number of sunny days: 240
Time Zone: GMT +1
Country code: +382
Country top-level domain: .me
.ME ccTLD of Montenegro https://domain.me/
National Parks: Durmitor (39,000 ha), Biogradska gora (5,650 ha), Lovćen
(6,220 ha), Skadar Lake (40,000 ha), Prokletije (16,630 ha)
UNESCO heritage sites: Bay of Kotor, Durmitor National Park, Stećci Medieval
Tombstone Graveyards, Venetian Works of Defence
between the 16th and 17th Centuries: Stato da Terra
– Western Stato da Mar

Key economic trends and indicators:

Income Category: Upper middle income
Currency: € (EURO) (not part of the Eurozone)
GDP: (est.2018) €4.62billion/US $ 5.4 billion; (2017) €4.30 billion /
US$ 5.1billion1
GDP per capita: (est.2018) €7,422/US $ 8,758; (2017) €6,908 / US$ 8,219
GNI per capita: (est.2018) €7,512; (2017) €7,049
GDP (purchasing power parity) 46% of the EU average
GDP growth rate: (2018) 4.9%, (2017) 4.7%,
GDP growth forecast: 2.9% (2019), 3.1% (2020) – European Commission
2.9% (2019), 2.4 % (2020) – The World Bank
2.8% (2019), 2,5% (2020) – IMF
Budget for 2019 €2,384,016,305.99
Inflation rate (consumer prices): 2.6% (2018), 2.4% (2017)
Unemployment: 17,8% (2018)

FDI data – scale, origin and comparative outlook:

Net inflow of FDI (2018) €843 million, (2017) €659 million
Airports: Podgorica (TGD), Tivat (TIV), Berane (IVG)
International ports: Bar, Budva, Kotor, Tivat (Pier and Pier II) and Zelenika
Commercial ports: Bar, Kotor
Marinas / Nautical tourism: Marina – Bar, Port of Budva, Luštica Bay, Port of Tivat – Porto
Montenegro
Shipyards: Port Bijela, Port Bonići – Tivat
Total railways length 250,51 km railway lines; 327,72 km total length of track
Total roads length 7,900 km

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