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Montenegro Business Report

General information
Source: The World Factbook - Central Intelligence Agency
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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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