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2022/02/17 17:48:44

Economy of Montenegro

Content

GDP

2021: Agriculture's share of GDP - less than 8%

Data for 2021

Financial system

Inflation

2022

Inflation in November - 16.8%
Data for November 2022
Inflation in July - 13.5%
July
Инфляция в странах Europe 2022
UK data - June, July inflation - 10.1%

National debt

The ratio of public debt to the country's GDP

The ratio of public debt to the country's GDP, 2017

Energy carriers

Energy consumption per capita

and
Energy consumption per capita, including electricity, transport heating in 2019-2020

Consumption

Milk

2018: Milk consumption in litres per year per person

Milk consumption in liters per year per person. Data at the end of 2018

Meat

2023: Pork is the most consumed type of meat

The most consumed type of meat (including fish and seafood) according to data available for June 2023.

2019: Pork is the most consumed type of meat

The most consumed type of meat at the end of 2019

Beer

2019: Beer consumption in litres per year per person

Потребление beer per capita, data from early 2019
Годовое потребление beer per capita population in liters with a 5% strength in 2019

Information Technology

Social media

Percentage of users Facebook of the total number of Internet users in Europe. Data at the beginning of 2019

Investments

2021: Russians invested 129 million euros in Montenegro's economy

In 2021, Russians invested more than 129 million euros in the Montenegrin economy, which is more than citizens of other countries. This became known in mid-February 2022.

According to TASS, citing the Montenegrin edition of Investitor.me, about 49.46 million euros of Russian investments fell on real estate in Montenegro. It is noted that Russia has been leading in investment in the Balkan Republic for several years. In 2021, Russians invested about 11.78 million euros on average every month.

Russians invested 129 million euros in Montenegro's economy

In early January 2022, Russian Ambassador to Podgorica Vladislav Maslennikov said that over the 15 years since the declaration of independence of the republic, Russian investors have invested at least 1.5 billion euros in this country, that is, an average of 100 million euros per year. According to the diplomat, Russian investments in the economy of the Balkan state exceed the planned investments of the European Union, since the European Investment Plan for the Western Balkans from 2021 to 2027 provides for Montenegro no more than 600 million euros.

Montenegro in 2020-2021. granted citizenship, including in exchange for investments, to more than 50 Russians. To obtain a Montenegrin passport under the citizenship program, foreigners must invest a minimum of 250,000 euros in real estate in the country and donate another 100,000 euros to it. The country's constitution protects the right to private property, and foreign investors have equal legal grounds. The government does not alienate private property, including that owned by foreign investors.

Montenegro ranks second in the ranking of the best countries for investments according to the American company Remote Ventures. The most interesting investment projects, according to experts, are related to the field of tourism and real estate. The study was made public in 2021.[1]

R&D

2020: R&D expenses - $35 million

R&D expenses as of 2020

Tourism

Data for 2018
As of 2018

Alcohol market

Minimum age to purchase alcoholic beverages

Data for 2018


In 2021, Russians invested more than 129 million euros in the Montenegrin economy, which is more than citizens of other countries. This became known in mid-February 2022.

According to TASS, citing the Montenegrin edition of Investitor.me, about 49.46 million euros of Russian investments fell on real estate in Montenegro. It is noted that Russia has been leading in investment in the Balkan Republic for several years. In 2021, Russians invested about 11.78 million euros on average every month.

In early January 2022, Russian Ambassador to Podgorica Vladislav Maslennikov said that over the 15 years since the declaration of independence of the republic, Russian investors have invested at least 1.5 billion euros in this country, that is, an average of 100 million euros per year. According to the diplomat, Russian investments in the economy of the Balkan state exceed the planned investments of the European Union, since the European Investment Plan for the Western Balkans from 2021 to 2027 provides for Montenegro no more than 600 million euros.

Montenegro in 2020-2021. granted citizenship, including in exchange for investments, to more than 50 Russians. To obtain a Montenegrin passport under the citizenship program, foreigners must invest a minimum of 250,000 euros in real estate in the country and donate another 100,000 euros to it. The country's constitution protects the right to private property, and foreign investors have equal legal grounds. The government does not alienate private property, including that owned by foreign investors.

Montenegro ranks second in the ranking of the best countries for investments according to the American company Remote Ventures. The most interesting investment projects, according to experts, are related to the field of tourism and real estate. The study was made public in 2021.

Incomes of the population

2023: Minimum wage - $459

Minimum wage in countries of the world for January 2023

Notes