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    Montenegro

    Continent
    Europe
    Capital
    Podgorica; note - Cetinje retains the status of "Old Royal Capital"
    Population
    599,849
    Sub-Zones
    24
    General Information
    Basic details about Montenegro
    Population:
    599,849
    Area:
    13,812 sq km
    Currency:
    euros
    Languages:
    Serbian 42.9, Montenegrin, Bosnian 5.3, Albanian 5.3, Serbo-Croat 2, other 3.5, unspecified 4
    Economic Overview
    Key economic indicators for Montenegro
    GDP:
    $17.173 billion
    GDP per Capita:
    $27,900
    GDP Growth:
    6.34%
    Inflation:
    8.58%
    Unemployment:
    15.25%
    Public Debt:
    67.2% of GDP
    Credit Rating:
    B+ (2014)
    Political System
    Governance structure of Montenegro
    Government Type:
    parliamentary republic
    Head of State:
    President Jakov MILATOVIC (since 20 May 2023)
    Head of Government:
    Prime Minister Milojko SPAJIC (since 31 October 2023)
    Judiciary:
    Supreme Court or Vrhovni Sud (consists of the court president, deputy president, and 15 judges); Constitutional Court or Ustavni Sud (consists of the court president and 7 judges)
    Administrative Divisions:
    25 municipalities (opstine, singular - opstina); Andrijevica, Bar, Berane, Bijelo Polje, Budva, Cetinje, Danilovgrad, Gusinje, Herceg Novi, Kolasin, Kotor, Mojkovac, Niksic, Petnjica, Plav, Pljevlja, Pluzine, Podgorica, Rozaje, Savnik, Tivat, Tuzi, Ulcinj, Zabljak, Zeta

    Major Political Parties

    • Not specified
    International Relations
    Global position and alliances
    UN Member:
    Yes
    EU Member:
    No
    Diplomatic Presence:
    1610 New Hampshire Avenue NW, Washington, DC, 20009

    Major Alliances and Organizations

    NATO
    Economic Sectors & Trade
    Detailed economic breakdown

    Major Economic Sectors

    Agriculture
    5.5% (2023 est.)
    Industry
    12.5% (2023 est.)
    Services
    62.2% (2023 est.)note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data

    Trade Volume

    Exports:
    $3.767 billion
    Imports:
    $5.166 billion

    Major Trading Partners

    Italy 38
    Serbia 13
    Spain 6
    Slovenia 5
    Bosnia & Herzegovina 4

    Economic Outlook

    Montenegro has a 6.34% GDP growth rate with 8.58% inflation. The economy is characterized by a strong agriculture sector.