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Montenegro Business Report

General information
Source: The World Factbook - Central Intelligence Agency
flag
Population
614,249 (July 2018 est.)
GDP (PPP)
$11.1 billion (2017 est.)

Among the smallest economies in Europe. Tourism accounts for more than 20% of GDP

GDP growth rate
4.3% (2017 est.)

The economy is closely linked to Europe and has suffered as a result of prolonged weakness in the euro zone

GDP (PPP) per capita
$17,800 (2017 est.)

Local currency
Euro (EUR)

Montenegro uses the euro, though it is not an official member of the euro zone

Financial stability (Public debt)
67.2% (2017 est.)

Inflation
2.4% (2017 est.)

Language
Montenegrin (official), plus different languages are spoken by minorities (Serbian, Albanian, Bosnian, Serbo-Croat and more)

English is spoken as a second language

Corruption perception index (Source: Transparency International)

Duties and tax
Source: PwC World Tax Summaries 2017-2018
VAT

Corporate Tax

Duties

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We have a strong position in Europe B2B and Europe trade.

If you are interested in doing business in Montenegro, or in finding Montenegrin manufacturing companies, we can help you.

Hundreds of companies in Montenegro and Montenegrin SMEs use Globartis for their operations.

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Connect with a Montenegrin manufacturer or Montenegro importer, or source among Montenegro export to find the right product.

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