Montenegro is the 73 most competitive nation in the world out of 140 countries ranked in the 2018 edition of the Global Competitiveness Report published by the World Economic Forum. Competitiveness Rank in Montenegro averaged 67.58 from 2008 until 2019, reaching an all time high of 82 in 2008 and a record low of 49 in 2011. The most recent 2018 edition of Global Competitiveness Report assesses 140 economies. In 2018, the World Economic Forum introduced a new methodology emphasizing the role of human capital, innovation, resilience and agility, as not only drivers but also defining features of economic success in the 4th Industrial Revolution. As a result, the GCI scale changed to 1 to 100 from 1 to 7, with higher average score meaning higher degree of competitiveness. The report is made up of 98 variables organized into twelve pillars with the most important including: institutions; infrastructure; ICT adoption; macroeconomic stability; health; skills; product market; labour market; financial system; market size; business dynamism; and innovation capability. This page provides the latest reported value for - Montenegro Competitiveness Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Social Security Rate in Montenegro stands at 34.30 percent. Social Security Rate in Montenegro averaged 33.74 percent from 2011 until 2019, reaching an all time high of 34.30 percent in 2018 and a record low of 33.30 percent in 2012. In Montenegro, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of Montenegro because they help to pay for many social programs including welfare, health care and many other benefits. This page provides - Montenegro Social Security Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Government Revenues in Montenegro increased to 1523704078.07 EUR in the third quarter of 2019 from 931347265.82 EUR in the second quarter of 2019. Government Revenues in Montenegro averaged 846452905.81 EUR from 2003 until 2019, reaching an all time high of 1785041971.06 EUR in the fourth quarter of 2017 and a record low of 165905908.20 EUR in the first quarter of 2006. Government Revenues refer to all receipts the government gets, including taxes, custom duties, revenue from state-owned enterprises, capital revenues and foreign aid. Government Revenues are part of government budget balance calculation. This page provides - Montenegro Government Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Gross Fixed Capital Formation in Montenegro decreased to 331525 EUR Thousand in the third quarter of 2019 from 377332 EUR Thousand in the second quarter of 2019. Gross Fixed Capital Formation in Montenegro averaged 221593.23 EUR Thousand from 2011 until 2019, reaching an all time high of 377332 EUR Thousand in the second quarter of 2019 and a record low of 125180 EUR Thousand in the first quarter of 2011. This page provides - Montenegro Gross Fixed Capital Formation- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Foreign Direct Investment in Montenegro increased by 769972.85 EUR Thousand in 2019. Foreign Direct Investment in Montenegro averaged 733307.32 EUR Thousand from 2006 until 2019, reaching an all time high of 1223999.76 EUR Thousand in 2009 and a record low of 479191.48 EUR Thousand in 2013. This page provides - Montenegro Foreign Direct Investment, Total Inflow - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Long Term Unemployment Rate in Montenegro increased to 12.70 percent in the fourth quarter of 2019 from 12.20 percent in the third quarter of 2019. Long Term Unemployment Rate in Montenegro averaged 13.83 percent from 2011 until 2019, reaching an all time high of 17.60 percent in the first quarter of 2013 and a record low of 10.50 percent in the second quarter of 2018. This page provides - Montenegro Long Term Unemployment Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Gasoline Prices in Montenegro decreased to 1.06 USD/Liter in April from 1.27 USD/Liter in March of 2020. Gasoline Prices in Montenegro averaged 1.39 USD/Liter from 1995 until 2020, reaching an all time high of 1.86 USD/Liter in September of 2014 and a record low of 0.56 USD/Liter in December of 2000. This page provides the latest reported value for - Montenegro Gasoline Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Retail Sales in Montenegro increased 6.30 percent in March of 2020 over the same month in the previous year. Retail Sales Yoy in Montenegro averaged 6.11 percent from 2008 until 2020, reaching an all time high of 43.06 percent in September of 2008 and a record low of -21.55 percent in September of 2009. This page provides - Montenegro Retail Sales YoY - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Fiscal Expenditure in Montenegro increased to 1520740120.46 EUR in the third quarter of 2019 from 970077899.02 EUR in the second quarter of 2019. Fiscal Expenditure in Montenegro averaged 910346201.96 EUR from 2003 until 2019, reaching an all time high of 2143082214.78 EUR in the fourth quarter of 2018 and a record low of 174130466.74 EUR in the first quarter of 2006. Fiscal expenditure refers to the sum of government expenses, including spending on goods and services, investment and transfer payments like social security and unemployment benefits. Fiscal expenditure are part of government budget balance calculation. This page provides - Montenegro Fiscal Expenditure- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Retail Sales in Montenegro increased 6.30 percent in March of 2020 over the previous month. Retail Sales Mom in Montenegro averaged 1.37 percent from 2010 until 2020, reaching an all time high of 25.90 percent in March of 2011 and a record low of -24.60 percent in January of 2018. This page provides - Montenegro Retail Sales MoM- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Remittances in Montenegro increased to 64488.35 EUR Thousand in the fourth quarter of 2019 from 64302.72 EUR Thousand in the third quarter of 2019. Remittances in Montenegro averaged 50677.74 EUR Thousand from 2010 until 2019, reaching an all time high of 64488.35 EUR Thousand in the fourth quarter of 2019 and a record low of 35725.82 EUR Thousand in the first quarter of 2010. This page provides - Montenegro Remittances- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The stocks of goods held by firms in Montenegro increased by 38989 EUR Thousand in the third quarter of 2019. Changes in Inventories in Montenegro averaged 9684.17 EUR Thousand from 2011 until 2019, reaching an all time high of 79025 EUR Thousand in the fourth quarter of 2018 and a record low of -131872 EUR Thousand in the third quarter of 2016. In Montenegro, changes in inventories are often a leading indicator for the overall performance of the economy. This page provides - Montenegro Changes in Inventories - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Cost of food in Montenegro increased 1.50 percent in March of 2020 over the same month in the previous year. Food Inflation in Montenegro averaged 2.29 percent from 2011 until 2020, reaching an all time high of 8.70 percent in November of 2012 and a record low of -3.60 percent in May of 2014. This page provides - Montenegro Food Inflation - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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Montenegro [*Under jurisdiction of Embassy of India, Austria].


E-Mail: emb.vienna@mea.gov.in
Website:www.eoivienna.gov.in

Ambassador
Rajiva Misra
(Resident in Vienna, Austria)

Online Resource