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ME

Montenegro

ME · MNE · #156 · 18 cities

Nomad score 58/100 Compare

Key indicators

GDP per capita (PPP) (2031)
$54,514
GDP (2031)
$13.3B
GDP growth (2031)
3.0% →
Inflation (2031)
2.2% →
Unemployment (2025)
13.6% ↑
Population (2031)
626.0K
Population growth (2031)
0.0% ↓
Gini index (2021)
34.3
Government debt (2031)
66.1% of GDP
Current account (2031)
-15.7% of GDP
FDI inflows (2025)
$676.2M
Life expectancy (2024)
77.9 yrs
Health spending (2023)
9.7% of GDP
Internet users (2024)
88.9%
Mobile subscriptions (2024)
221.7/100
Trade openness (2025)
105.8% of GDP
Exchange rate (2025)
0.89/USD
Foreign reserves (2025)
$2.2B
Source: World Bank + IMF World Economic Outlook. Most recent data: 2031.

GDP overview

Nominal GDP and real growth. Dashed = IMF forecast.

GDP per capita (PPP)

Purchasing power parity adjusted, in international dollars

Inflation (CPI)

Unemployment

ILO modeled estimate

Population

Fiscal and trade

Government debt (2031)
66.1% of GDP
Current account (2031)
-15.7% of GDP
FDI inflows (2025)
$676.2M

Income inequality (Gini)

Gini index (2021)
0.34
Assessment
Moderate inequality
Source: World Bank PIP via OWID. 0 = perfect equality, 1 = maximum inequality.

Business environment

New business density (2024)
17.86/1k
Services sector (2025)
63.4% of GDP

Financial access and costs

ATMs per 100k (2024)
88.7
Bank branches per 100k (2024)
36.4
ICT service exports (2025)
6.3%

Historical data

Historical economic data
Year GDP GDP/cap PPP Growth Inflation Unemp. Population Gini Debt Curr. acct FDI Life exp. Health Internet FX rate
2031 * $13.3B $54,514 3.0% 2.2% - 626.0K - 66.1% -15.7% - - - - -
2030 * $12.6B $51,801 3.0% 2.2% - 626.0K - 65.0% -16.0% - - - - -
2029 * $12.0B $49,310 3.0% 2.2% - 625.0K - 64.1% -16.5% - - - - -
2028 * $11.4B $46,794 3.2% 2.3% - 625.0K - 63.1% -17.6% - - - - -
2027 * $10.8B $44,434 2.7% 2.9% - 625.0K - 62.8% -18.3% - - - - -
2026 * $10.2B $42,113 2.8% 3.2% - 624.0K - 62.4% -19.4% - - - - -
2025 $9.2B $35,423 2.7% 3.9% 13.6% 624.0K - 67.1% -20.5% $676.2M - - - 0.89
2024 $8.3B $34,063 3.2% 3.3% 13.2% 624.0K - 60.8% -17.1% $599.4M 77.9 - 88.9% 0.92
2023 $7.6B $31,863 6.5% 8.6% 13.2% 624.0K - 59.6% -11.2% $525.9M 77.6 9.7% 88.6% 0.92
2022 $6.3B $28,050 7.7% 13.0% 14.9% 624.0K - 70.3% -12.9% $872.6M 76.2 10.2% 88.2% 0.95
2021 $5.8B $23,690 13.0% 2.4% 16.5% 625.0K 34.3 86.2% -9.3% $693.7M 73.8 10.6% 82.2% 0.85
2020 $4.7B $20,625 -15.0% -0.3% 17.9% 627.0K 35.4 108.4% -26.3% $530.9M 75.9 11.4% 77.6% 0.88
2019 $5.5B $23,705 4.4% 0.4% 15.1% 627.0K 35.7 79.6% -14.4% $417.6M 76.7 8.3% 73.5% 0.89
2018 $5.4B $21,084 4.7% 2.6% 15.2% 626.0K 36.8 72.9% -17.2% $485.7M 77.9 8.3% 71.5% 0.85
2017 $4.8B $19,357 3.2% 2.4% 16.1% 626.0K 36.9 66.9% -16.3% $560.7M 76.7 8.0% 71.3% 0.89
2016 $4.4B $18,030 3.4% -0.3% 17.7% 625.0K 38.5 66.7% -16.3% $226.7M 76.5 8.6% 69.9% 0.90
2015 $4.0B $16,092 2.5% 1.5% 17.6% 625.0K 39.0 69.5% -11.1% $699.9M 76.6 9.0% 68.1% 0.90
2014 $4.6B $15,276 2.4% -0.7% 18.1% 624.0K 38.8 63.6% -12.4% $497.0M 76.3 8.0% 63.9% 0.75
2013 $4.4B $14,692 3.4% 2.2% 19.6% 623.0K 39.0 59.2% -11.5% $446.5M 76.5 8.5% 60.3% 0.75
2012 $4.1B $13,792 -2.5% 4.1% 19.8% 621.0K 41.2 57.1% -15.3% $618.1M 76.3 8.3% 56.8% 0.78
2011 $4.5B $14,347 3.4% 3.5% 19.8% 620.0K 30.8 49.0% -14.9% $556.7M 76.1 8.0% 35.6% 0.72
2010 $4.1B $13,612 2.8% 0.4% 19.7% 619.0K 28.9 45.1% -20.3% $758.3M 76.0 - 37.5% 0.75
2009 $4.2B $12,976 -6.0% 3.6% 19.1% 618.0K 31.0 43.9% -27.8% $1.6B 75.1 - 35.1% 0.72
2008 $4.6B $13,802 6.9% 9.0% 17.2% 617.0K 30.5 34.2% -49.5% $975.3M 75.1 - 32.9% 0.68
2007 $3.7B $12,452 7.1% 3.4% 19.4% 616.0K 31.4 31.8% -40.1% $937.4M 74.3 - 30.8% 0.73
2006 $2.7B $10,440 8.6% 2.1% 24.8% 615.0K 30.0 36.7% -31.7% - 73.8 - 28.9% 0.80
2005 $2.3B $8,314 4.2% 3.4% 30.3% 614.0K 30.2 38.6% -16.7% - 74.0 - 27.1% 0.80
Source: World Bank + IMF World Economic Outlook. * = IMF forecast.

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