Montenegro FlagMontenegro

God's Mill Goes Slowly But It Grinds Well.



Population: 650,036 (2014), 653,474 (2013)
Land Area: 14,026 sq km
Natural Resources: Bauxite, hydroelectricity
Capital: Podgorica
Political System: Republic
State Leader: Filip Vujanovic (April 6th 2008)
Head of Government: Milo Djukanovic (December 4th 2012)
Languages: Montenegrin, Serbian, Bosnian, Albanian, Croatian
Currency: Euro (EUR)
Major Religions: Orthodox, Muslim, Roman Catholic
Major Ethnicities: Montenegrin 43%, Serbian 32%, Bosniak 8%, Albanian 5%, Other 12%
Life Expectancy: NA


GDP Official Exchange Rate: 4.518 billion (2013), 4.28 billion (2012)
GDP Purchasing Power Parity: 7.429 billion (2013), 7.461 billion (2012)
GDP Per Capita (PPP): 11,900 (2013), 11,800 (2012)
GDP Growth Rate: 1.5% (2013), 0% (2012)
GDP Structure: Agriculture 0.8%, Industry 11.3%, Services 87.9% (2011)
Labour Force By Occupation: Agriculture 6.3%, Industry 20.9%, Services 72.8% (2011)
Industries: Steelmaking, aluminum, agricultural processing, consumer goods, tourism
Agriculture Products: Grains, tobacco, potatoes, citrus fruits, olives, grapes; sheepherding; commercial fishing
Human Development Index: 0.789 (51st)(2014), 0.791 (52nd)(2013)
Tourism Revenue: 77 million (2002)
Unemployment Rate: 19.1% (2012)

MilitaryMontenegro Map

Army Size: 65 300 (2004)
Budget: 3.17% of GDP (2004)

Current Situation


Montenegro is located in South Eastern Europe. Montenegro is bordered by Albania, Bosnia and Herzegovina, Croatia, Kosovo and Serbia. Montenegro's economy was crippled during the Yugoslav Wars in the 1990's, and it has blamed much of its inability to recover on Serbia. Since independence in 2006, the economy has started a recovery and the tourism sector is leading the way and will become the biggest sector in Montenegro.

(2014) Montenegro's economy returned to growth in 2013, although future growth is ultimately tied to the health of the eurozone economies.

Thoughts & Comments



CIA World Factbook: Montenegro
Wikipedia: Montenegro

Updated on: November 2nd, 2014