Montenegro

Description of Montenegro

Welcome to our website dedicated to exploring the geopolitical and macroeconomic landscape of Montenegro. As a small country nestled in the Balkans, Montenegro holds a strategic position at the crossroads of Europe. By delving into key macroeconomic statistics and geopolitical factors, we aim to provide unique insights into how Montenegro's development is influenced by both internal dynamics and external relationships with neighboring countries and global powers.

Population And Age Structure

- Montenegro's total population is 621,306, which is significantly below the average population of 40,097,746. The country ranks 163 out of 194 countries in terms of total population.

- The percentage of population ages 0-14 in Montenegro is 18.21%, lower than the average of 27.34%. This places Montenegro at rank 142 out of 194 countries in this category.

- Montenegro's total population ages 0-14 is 113,117, much lower than the average of 10,327,380. This places Montenegro at rank 166 out of 194 countries in this category.

- The percentage of population ages 15-64 in Montenegro is 65.83%, slightly above the average of 63.44%. Montenegro ranks 70 out of 194 countries in this demographic group.

- Montenegro's total population ages 15-64 is 408,991, significantly below the average of 26,003,407. This places Montenegro at rank 162 out of 194 countries in this category.

- The percentage of population ages 65 and above in Montenegro is 15.97%, higher than the average of 9.22%. Montenegro ranks 39 out of 194 countries in this age group.

- Montenegro's total population ages 65 and above is 99,198, much lower than the average of 3,766,959. This places Montenegro at rank 146 out of 194 countries in this category.

Summary

Montenegro has a relatively small total population compared to the global average, with a higher percentage of older individuals and a lower percentage of children. This demographic composition can have significant implications for the country's labor force, healthcare system, and overall societal structure. The aging population may pose challenges for healthcare and pension systems, while a smaller younger population could impact future workforce availability and economic productivity.

Population Miscellaneous

Rural population in Montenegro is 201,999, which is significantly below the average of 18,044,041. Montenegro ranks 161 out of 190 countries in this attribute data.

Rural population (% of total population) is 32.512% in Montenegro, below the average of 41.158%. Montenegro ranks 114 out of 190 countries in this attribute data.

Urban population in Montenegro is 419,307, notably lower than the average of 22,425,747. Montenegro ranks 158 out of 194 countries in this attribute data.

Urban population (% of total population) stands at 67.488% in Montenegro, exceeding the average of 59.691%. Montenegro ranks 81 out of 194 countries in this attribute data.

Montenegro has an Age dependency ratio (% of working-age population) of 51.91%, lower than the average of 59.22%. It ranks 125 out of 194 countries in this attribute data.

The crude Birth rate in Montenegro is 11.4 per 1,000 people, below the average of 19.38. Montenegro ranks 138 out of 192 countries in this attribute data.

On the other hand, the crude Death rate in Montenegro is 11.7 per 1,000 people, higher than the average of 8.21. Montenegro ranks 26 out of 192 countries in this attribute data.

The Fertility rate, total (births per woman) in Montenegro is 1.75, below the average of 2.60. Montenegro ranks 122 out of 190 countries in this attribute data.

Summary

Montenegro has a relatively low rural population and urban population compared to global averages, indicating a more balanced distribution of population between rural and urban areas. The country also has a lower age dependency ratio and fertility rate, potentially pointing towards a more stable demographic structure. However, Montenegro faces challenges with a higher crude death rate compared to the global average, which may impact healthcare systems and overall population growth.

These indicators are important as they provide insights into Montenegro's demographic composition, economic development, and healthcare system sustainability. Understanding these key macroeconomic indicators is crucial for policymakers to address potential demographic challenges, plan for future workforce needs, and ensure the well-being of the population.

Military

Montenegro's military expenditure in current USD is $82,920,323.72, significantly below the average of $12,904,993,617.17, ranking 127th out of 149 countries included in the data.

The country's military expenditure as a percentage of GDP is 1.74%, slightly below the average of 1.90%, placing Montenegro 63rd out of 148 countries in this category.

Montenegro's arms imports stand at $5,000,000, far below the average of $205,522,123.89, ranking it 93rd out of 113 countries.

The total number of armed forces personnel in Montenegro is 12,000, significantly lower than the average of 165,908.54, placing Montenegro at the 125th position out of 164 countries in the dataset.

Montenegro's armed forces personnel as a percentage of the total labor force is 4.43%, which is higher than the average of 1.28%, ranking the country 7th out of 164 countries in this category.

Summary

Montenegro's military expenditure, arms imports, and number of armed forces personnel are all notably below global averages, positioning the country in lower rankings compared to other nations. However, Montenegro's high percentage of armed forces personnel in relation to the total labor force is a significant outlier, placing it in the top 10 globally.

These statistics are crucial in understanding Montenegro's approach to defense and security relative to its economic capacity. The data suggests that while Montenegro may prioritize a robust military workforce, it allocates fewer resources in terms of expenditure and arms imports compared to other countries, indicating a possible emphasis on internal military strength rather than external projection.

Natural Resources

Montenegro's forest area spans 8,270 sq. km, notably below the average of 211,606. Montenegro ranks 126 out of 191 countries in this dataset.

With a land area of 13,450 sq. km, Montenegro falls short of the average of 665,166 sq. km, ranking 155 out of 194 countries.

Montenegro's surface area of 13,810 sq. km is below the average of 689,779 sq. km. In this parameter, Montenegro holds the 156th position out of 194 countries.

Montenegro's arable land covers 9,100 hectares, significantly lower than the average of 7,329,543 hectares. Montenegro ranks 166 out of 190 countries in this aspect.

Land under cereal production in Montenegro amounts to 2,050 hectares, well under the average of 4,206,011 hectares. Montenegro holds the 156th position out of 174 countries in this category.

Summary

Montenegro has significantly smaller forest area, land area, surface area, arable land, and land under cereal production compared to global averages. These statistics indicate that Montenegro may face challenges in terms of agricultural productivity, environmental sustainability, and land utilization efficiency, which are crucial for economic development, food security, and natural resource management in the long term.

Resource Rents

Montenegro's Total natural resources rents account for 0.72% of its GDP, which is below the average of 4.63%. This places Montenegro at rank 111 out of 175 countries included in the data set.

Coal rents contribute 0.09% to Montenegro's GDP, lower than the average of 0.40%. Montenegro is ranked 23 out of 65 countries for this attribute.

Forest rents constitute 0.62% of Montenegro's GDP, less than the average of 1.53%. Montenegro holds the 67th position out of 174 countries in this category.

Mineral rents make up 0.01% of Montenegro's GDP, considerably lower than the average of 1.23%. Montenegro ranks 72 out of 86 countries for mineral rents.

Summary

Montenegro's natural resources rents, including coal, forest, and mineral rents, are all below global averages as a percentage of GDP. This indicates that Montenegro may not be fully utilizing its natural resources for economic gain compared to other countries. Proper management and utilization of natural resources can significantly contribute to economic development, sustainability, and competitiveness in the global market.

Commodities

Montenegro's cereal production of 6,683 metric tons is significantly below the average of 17,249,945 metric tons, ranking 157th out of 174 countries.

In terms of aquaculture production, Montenegro's output of 885 metric tons is well below the average of 679,642.92 metric tons, placing it at 127th out of 180 countries.

Montenegro's capture fisheries production of 816.45 metric tons falls short of the average of 467,453.06 metric tons, ranking 172nd out of 190 countries.

With a total fisheries production of 1,701.45 metric tons, Montenegro lags behind the average of 1,153,914.85 metric tons, also ranking 172nd out of 182 countries.

Montenegro's fertilizer consumption stands at 306.87 kilograms per hectare of arable land, higher than the average of 159.04 kilograms per hectare. It ranks 21st out of 187 countries in this aspect.

Summary

Montenegro's agricultural production levels for cereals, aquaculture, and capture fisheries are all significantly below global averages, placing the country at low ranks among international counterparts. However, Montenegro stands out in terms of fertilizer consumption, exceeding the global average by nearly double and securing a relatively high rank globally. This high fertilizer consumption indicates a potential commitment to enhancing agricultural productivity and yield, which could be crucial for achieving food security and economic growth in Montenegro.

Intellectual Property

The number of Industrial design applications by nonresidents in Montenegro is 852, which is below the average of 1415.83. Montenegro ranks 28th out of 112 countries for this attribute.
Montenegro has only 1 Industrial design application by residents, significantly below the average of 9799.58. It ranks 113th out of 113 countries in this category.
Montenegro submitted 5 Patent applications by residents, well below the average of 19037.56. It ranks 109th out of 117 countries for this attribute.
In terms of Trademark applications by nonresidents, Montenegro filed 7770 applications, lower than the average of 15878.93. It ranks 50th out of 130 countries for this metric.
Montenegro's Trademark applications by residents stand at 354, below the average of 111055.78. It ranks 108th out of 129 countries in this category.
Montenegro produced 309.32 Scientific and technical journal articles, significantly lower than the average of 15103.76. It ranks 103rd out of 192 countries for this attribute.
Montenegro made payments of 3714630.96 USD for the use of intellectual property, far below the average of 3218843494.39 USD. It ranks 114th out of 143 countries in this aspect.
Montenegro received 495991.68 USD in receipts for the use of intellectual property, significantly below the average of 3191687117.58 USD. It ranks 97th out of 122 countries for this attribute.

Summary

Montenegro lags behind global averages and ranks poorly in key macroeconomic indicators related to intellectual property such as industrial design, patents, trademarks, scientific articles, and intellectual property payments. These indicators are crucial as they reflect Montenegro's innovation and competitiveness levels compared to other countries, impacting its economic growth, technological advancement, and ability to attract investment and talent.

Broad Economy Attributes

For the attribute GDP (current US$), Montenegro's value is $4,769,986,866.00, which is significantly below the average of $442,870,224,838.68. Montenegro ranks 150th out of 189 countries in this dataset.

In terms of GDP, PPP (current international $), Montenegro's value is $13,050,373,554.34, also notably below the average of $734,141,122,350.78. Montenegro ranks 145th out of 181 countries.

Regarding GDP per capita (current US$), Montenegro's value is $7,677.37, significantly lower than the average of $15,462.11. Montenegro ranks 78th out of 190 countries.

For GDP per capita, PPP (current international $), Montenegro's value is $21,004.74, slightly below the average of $21,251.89. Montenegro ranks 61st out of 181 countries.

Looking at GNI (current US$), Montenegro's value is $4,845,904,620.82, notably lower than the average of $452,040,815,370.70. Montenegro ranks 148th out of 185 countries.

For GNI, PPP (current international $), Montenegro's value is $13,258,051,794.78, significantly below the average of $730,698,223,823.47. Montenegro ranks 145th out of 181 countries.

Lastly, in GNI per capita, PPP (current international $), Montenegro's value is $21,340.00, slightly above the average of $20,615.75. Montenegro ranks 60th out of 181 countries.

Summary

Montenegro's key macroeconomic indicators, including GDP, GDP per capita, and GNI, consistently show values below the global averages. This indicates that Montenegro has a smaller economy and lower income levels compared to the majority of countries in the dataset. These findings are crucial for policymakers, investors, and international organizations as they highlight the need for targeted economic growth strategies, investments, and development initiatives to improve Montenegro's economic standing and increase prosperity for its population.

Broad Value Added

Montenegro's Gross Value Added at basic prices is significantly below the attribute average, standing at 144th out of 176 countries. This indicates a lower level of economic output compared to the average.

The country's Agriculture, forestry, and fishing value added as a percentage of GDP is below the average, ranking 92nd out of 182 countries. Montenegro's focus country value is lower than the attribute average, suggesting a relatively smaller contribution of this sector to its economy.

Montenegro's Agriculture, forestry, and fishing value added in current US$ is also below the average, ranking 149th out of 182 countries. This indicates that Montenegro's monetary value generated from this sector is significantly lower compared to the average.

The Services value added as a percentage of GDP in Montenegro is slightly above the average, ranking 78th out of 183 countries. This suggests that the services sector plays a relatively more significant role in Montenegro's economy compared to the average.

Montenegro's Services value added in current US$ is below the average, ranking 149th out of 183 countries. This indicates that the monetary value generated by the services sector in Montenegro is lower compared to the average.

Lastly, Montenegro's Industry (including construction) value added in current US$ is significantly below the average, ranking 151st out of 183 countries. This suggests a relatively smaller monetary contribution from the industry and construction sector to Montenegro's economy compared to the average.

Summary

Montenegro exhibits below-average performance in key macroeconomic indicators such as Gross Value Added, Agriculture, forestry, and fishing value added, Services value added, and Industry value added. This signifies a comparatively lower level of economic output, smaller contributions from certain sectors, and lower monetary value generated in these areas, which could indicate areas for potential improvement and diversification in Montenegro's economy to enhance overall economic performance and sustainability.

Manufacturing Value Added

Montenegro's manufacturing value added in current US dollars is $196,063,705.52, which is significantly below the average of $76,207,179,589.66, ranking 148th out of 173 countries in the dataset.

The percentage of manufacturing value added to GDP in Montenegro is 4.11%, falling below the average of 11.90%. Montenegro ranks 153rd out of 173 countries in this attribute.

Montenegro's medium and high-tech manufacturing value added as a percentage of total manufacturing value added is 14.86%, lower than the average of 24.49%. The country ranks 98th out of 149 countries.

In the chemicals sector, Montenegro contributes 4.32% to the value added in manufacturing, below the average of 11.56%. Montenegro ranks 78th out of 89 countries in this attribute.

Montenegro's value added in food, beverages, and tobacco manufacturing is 37.06%, higher than the average of 24.51%, placing the country at 17th out of 92 countries.

Montenegro's contribution to value added in machinery and transport equipment manufacturing is 10.06%, below the average of 16.85%. The country ranks 58th out of 93 nations.

In textiles and clothing manufacturing, Montenegro's value added is 1.94%, below the average of 6.33%. Montenegro is ranked 62nd out of 93 countries in this sector.

For other manufacturing sectors, Montenegro contributes 46.62% to the value added in manufacturing, above the average of 42.13%. The country ranks 31st out of 94 countries in this category.

Summary

Montenegro's manufacturing sector shows mixed performance compared to global averages and rankings. The country performs below average in key areas such as manufacturing value added to GDP and high-tech manufacturing. However, Montenegro excels in food, beverages, and tobacco manufacturing, surpassing the average significantly. These indicators are crucial as they reflect Montenegro's industrial capabilities, economic diversification, and global competitiveness in specific manufacturing subsectors.

Money

Montenegro's consumer price inflation rate is -0.255%, notably lower than the average of 8.26%. This places Montenegro at the 140th rank out of 165 countries in the dataset.

The country's GDP deflator inflation at -0.176% is below the average of 6.90%, positioning Montenegro at the 142nd rank out of 188 countries.

Montenegro's broad money growth rate stands at -3.75%, significantly lower than the average of 18.03%, ranking the country 134th out of 139 included nations.

With broad money as a percentage of GDP at 59.36%, Montenegro falls below the average of 71.75%, placing it at the 74th rank out of 139 countries.

Montenegro's broad money to total reserves ratio of 1.33 is notably lower than the average of 5.17, positioning the country at the 117th rank out of 126 countries.

Summary

Montenegro's key macroeconomic indicators portray a scenario where the country's inflation rates, money growth, and money-to-GDP ratios fall below global averages, leading to lower rankings in these metrics compared to other countries. These statistics are crucial as they indicate Montenegro's economic stability, monetary policy effectiveness, and financial resilience in the global economic landscape.

Consumption Expenditure

Final consumption expenditure (current US$): Montenegro's final consumption expenditure is $4,952,509,188.30, below the attribute average of $381,630,252,515.38. Montenegro ranks 134th out of 159 countries.

Final consumption expenditure (% of GDP): Montenegro's final consumption expenditure is 103.83% of its GDP, above the attribute average of 82.37%. Montenegro ranks 15th out of 159 countries.

General government final consumption expenditure (current US$): Montenegro's general government final consumption expenditure is $1,078,100,230.78, significantly below the attribute average. Montenegro ranks 129th out of 158 countries.

General government final consumption expenditure (% of GDP): Montenegro's general government final consumption expenditure is 22.60% of its GDP, higher than the average of 18.71%. Montenegro ranks 35th out of 158 countries.

Household and NPISHs Final consumption expenditure (current US$): Montenegro's household and NPISHs final consumption expenditure is $3,874,410,097.15, below the attribute average. Montenegro ranks 133rd out of 158 countries.

Households and NPISHs final consumption expenditure (% of GDP): Montenegro's household and NPISHs final consumption expenditure is 81.22% of its GDP, above the attribute average of 63.68%. Montenegro ranks 22nd out of 158 countries.

Summary

In summary, Montenegro's final consumption expenditure is below the global average in both total and government sectors, but above average in household expenditure. The country's government final consumption expenditure as a percentage of GDP is higher than average, indicating a relatively larger role of the government in the economy.

These statistics are crucial as they provide insights into Montenegro's economic structure and the distribution of spending between government and households. Understanding these figures helps in evaluating the country's economic development, potential fiscal stability, and the balance between public and private sector contributions to economic growth.

Investment

Foreign direct investment, net (BoP, current US$): Montenegro's value of -535684832.35 is below the average of -1615235980.51. Montenegro ranks 90 out of 169 countries in this attribute data.

Foreign direct investment, net inflows (BoP, current US$): Montenegro's value of 530903011.48 is below the average of 5749271080.15. Montenegro ranks 92 out of 182 countries in this attribute data.

Foreign direct investment, net inflows (% of GDP): Montenegro's value of 11.13 is above the average of 2.61. Montenegro ranks 16 out of 178 countries in this attribute data.

Foreign direct investment, net outflows (BoP, current US$): Montenegro's value of -4781820.86 is below the average of 5707991116.07. Montenegro ranks 123 out of 156 countries in this attribute data.

Foreign direct investment, net outflows (% of GDP): Montenegro's value of -0.10 is below the average of 1.00. Montenegro ranks 122 out of 155 countries in this attribute data.

Portfolio Investment, net (BoP, current US$): Montenegro's value of -493501313.55 is below the average of 679559169.57. Montenegro ranks 121 out of 159 countries in this attribute data.

Portfolio investment, bonds (PPG + PNG) (NFL, current US$): Montenegro's value of 489580000 is below the average of 4134263915.25. Montenegro ranks 26 out of 59 countries in this attribute data.

Portfolio equity, net inflows (BoP, current US$): Montenegro's value of -713429.14 is below the average of 9197145994.70. Montenegro ranks 71 out of 125 countries in this attribute data.

Summary

Montenegro shows a mixed performance in foreign direct investment, with net inflows (% of GDP) standing out as a comparative advantage at 11.13, placing the country at 16th out of 178 nations. However, Montenegro's net outflows in both absolute terms and as a percentage of GDP are below average, indicating room for improvement in capital retention and investment attractiveness. The country's portfolio investment metrics, particularly in bonds, also depict a need for strategies to increase capital inflows and enhance economic stability through diversified investment sources.

These findings are crucial as they reveal Montenegro's standing in global investment dynamics and its capacity to attract and retain foreign capital. Addressing the deficiencies in net outflows and fostering growth in portfolio investments can bolster the country's economic resilience, promote sustainable development, and enhance its competitiveness in the international investment landscape.

Debt

Total debt service (% of GNI): Montenegro's value of 24.23% is significantly higher than the average of 5.98%. It ranks 2nd out of 120 countries in the dataset.

Public and publicly guaranteed debt service (% of GNI): Montenegro's value of 12.90% is substantially above the average of 2.84%. It also ranks 2nd out of 120 countries.

External debt stocks (% of GNI): Montenegro's value of 195.39% is well above the average of 65.42%. It ranks 5th out of 120 countries.

Debt service on external debt, total (TDS, current US$): Montenegro's value of $1174240080.9 is below the average of $9811195839.23. It ranks 61st out of 123 countries.

Debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$): Montenegro's value of $625220267.1 is below the average of $3310612057.60. It ranks 60th out of 123 countries.

External debt stocks, public and publicly guaranteed (PPG) (DOD, current US$): Montenegro's value of $4842494479.2 is below the average of $28695879144.98. It ranks 75th out of 123 countries.

External debt stocks, private nonguaranteed (PNG) (DOD, current US$): Montenegro's value of $4090576836.9 is below the average of $33734699285.22. It ranks 52nd out of 91 countries.

External debt stocks, total (DOD, current US$): Montenegro's value of $9468501170.6 is below the average of $73845530111.82. It ranks 70th out of 123 countries.

Summary

Montenegro stands out as a country with high levels of debt service and external debt stocks compared to the global averages. Despite ranking well in terms of debt service percentage, its absolute debt service figures and external debt stocks remain comparatively lower. These indicators are crucial as they reflect Montenegro's financial obligations, its ability to manage debt repayment, and its reliance on external financing which can impact the country's economic stability and creditworthiness in the international market.

Broad Trade Attributes

Trade (% of GDP): Montenegro's trade as a percentage of GDP is 87.01%, which is 4.66% above the average of 82.34%. Montenegro ranks 48th out of 163 countries in this dataset.

Merchandise trade (% of GDP): Montenegro's merchandise trade as a percentage of GDP is 59.18%, slightly below the average of 60.01%. The country ranks 66th out of 186 countries for this metric.

Trade in services (% of GDP): Montenegro's trade in services as a percentage of GDP is 28.36%, which is 3.73% above the average of 24.63%. Montenegro holds the 35th rank out of 171 countries in this aspect.

External balance on goods and services (current US$): Montenegro has an external balance of goods and services amounting to -1,670,102,282.12 USD, significantly below the average of 3,405,509,011.13 USD. The country ranks 112th out of 163 countries.

External balance on goods and services (% of GDP): Montenegro's external balance on goods and services as a percentage of GDP is -35.01%, much lower than the average of -5.97%. Montenegro is ranked 154th out of 163 countries in this regard.

Summary

Montenegro has a high trade as a percentage of GDP, ranking 48th globally. However, its merchandise trade is slightly below average, placing 66th. The country excels in trade in services, ranking 35th. Montenegro's external balance is significantly negative, ranking 112th in absolute terms and 154th in percentage of GDP.

These indicators are critical as they reflect Montenegro's integration into the global economy, competitiveness in both goods and services sectors, and the sustainability of its external balance. A high trade percentage signifies openness but a negative external balance may signal potential financial vulnerability and reliance on external sources.

Net Trade

- Montenegro's current account balance stands at -1237027266.50 USD, significantly below the average of 1443864831.49 USD. It ranks 117th out of 170 countries in this metric.

- The country's current account balance as a percentage of GDP is -25.93%, much lower than the average of -2.36%. Montenegro ranks 165th out of 170 countries in this aspect.

- Montenegro's net trade in goods and services is -1669085977.64 USD, below the average of 2604730003.57 USD. It holds the 115th position out of 171 countries.

- In terms of net primary income, Montenegro generates 76045378.42 USD, surpassing the average of -903807529.74 USD. It ranks 35th out of 170 countries.

- The country's net secondary income is 356013332.73 USD, higher than the average of -269227340.40 USD. Montenegro holds the 87th position out of 170 countries.

- Montenegro's net trade in goods is -1873472579.46 USD, falling below the average of 1302831005.68 USD. It ranks 116th out of 171 countries in this regard.

- The net capital account for Montenegro is 10044.07 USD, significantly less than the average of 136543824.05 USD. It ranks 124th out of 159 countries.

- Montenegro's net financial account stands at -1128792157.04 USD, below the average of -469840994.63 USD. It ranks 120th out of 170 countries.

Summary

Montenegro exhibits several concerning trends in its key macroeconomic indicators. It has a significantly negative current account balance, ranking low globally. The country's net trade in goods and services, as well as net trade in goods alone, are also negative and below average. These indicators suggest a reliance on imports, a trade deficit, and potential economic imbalances that may require policy intervention to improve the country's economic stability and sustainability.

Broad Export Attributes

Montenegro's exports of goods, services and primary income amount to 1.57 billion USD, below the average of 146.24 billion USD, ranking 142nd out of 170 countries.

The country's exports of goods and services stand at 1.25 billion USD, slightly under the average of 122.94 billion USD, placing Montenegro 145th out of 170 countries.

Montenegro's goods exports amount to 468.95 million USD, significantly below the average of 93.31 billion USD, ranking 149th out of 171 countries.

With exports of goods and services composing 25.99% of GDP, Montenegro falls below the average of 38.19%, ranking 99th out of 163 countries included in the data.

Montenegro's international tourism receipts account for 14.43% of total exports, surpassing the average of 9.74%, securing the country the 21st rank out of 120 countries.

The country's ICT goods exports contribute to 1.07% of total goods exports, well below the average of 3.81%, positioning Montenegro at 59th out of 142 countries.

Summary

Montenegro's overall export performance is below global averages, with its goods exports particularly lagging behind. The country's heavy reliance on international tourism receipts indicates a potential vulnerability to fluctuations in the tourism industry. Additionally, Montenegro's lower contribution of ICT goods exports suggests a need for diversification in its export sector to enhance economic resilience and competitiveness in the global market.

Merchandise Exports

For Merchandise exports (current US$), Montenegro's value of $419,000,000 is significantly below the average of $89,542,711,229.95. Montenegro ranks 159 out of 187 countries in this data set.

Agricultural raw materials exports (% of merchandise exports) for Montenegro at 8.64% is higher than the average of 2.97%. Montenegro ranks 12 out of 151 countries in this category.

Montenegro's Food exports (% of merchandise exports) at 13.66% is below the average of 24.06%. It ranks 86 out of 152 countries.

With Fuel exports (% of merchandise exports) at 16.65%, Montenegro exceeds the average of 13.70%. It holds a ranking of 38 out of 147 countries.

Ores and metals exports (% of merchandise exports) stand at 29.10% for Montenegro, significantly surpassing the average of 9.10%. Montenegro is ranked 20 out of 152 countries.

Merchandise exports by the reporting economy, residual (% of total merchandise exports) is at 0.59% for Montenegro, lower than the average of 3.20%. Montenegro ranks 69 out of 166 countries for this attribute.

Summary

Montenegro's merchandise exports value is significantly below the average, placing it at 159 out of 187 countries. However, Montenegro excels in exporting agricultural raw materials, ores, and metals, where it surpasses the global averages and ranks higher in these categories. These indicators are important as they showcase Montenegro's strengths and weaknesses in various export sectors, highlighting areas where the country can focus on to leverage its comparative advantages and improve its trade competitiveness on the global stage.

Technology Exports

Montenegro's manufactures exports account for 31.94% of its merchandise exports, which is below the average of 42.62%. The country is ranked 85th out of 152 countries in this attribute.

The value of Montenegro's high-technology exports is $9,914,690, significantly below the average of $16,655,934,078.80. With a ranking of 113 out of 151 countries, there is room for growth in this sector.

Montenegro's high-technology exports as a percentage of manufactured exports stand at 7.57%, lower than the average of 10.15%. The country is ranked 68th out of 150 countries, indicating potential for enhancing technological exports.

The percentage of Montenegro's medium and high-tech exports in manufactured exports is 30.69%, slightly below the average of 34.29%. Montenegro ranks 78th out of 149 countries in this category.

Summary

Montenegro lags behind the global average in key macroeconomic indicators related to exports. The country's low percentage of high-technology exports and its ranking below average in various export categories suggest a need for strategic focus on diversifying and boosting its technological and manufactured exports to enhance economic growth and competitiveness in the global market.

Service Exports

Montenegro's service exports amount to $778,471,525.10, which is significantly below the average of $28,917,292,503.82, ranking 112th out of 171 countries.

The country's ICT service exports of $70,389,233.32 are well below the average of $4,578,501,153.77, placing Montenegro 105th out of 166 countries.

Montenegro's ICT service exports as a percentage of service exports are 9.04%, lower than the average of 11.75%, ranking 79th out of 166 countries.

The country's communications, computer, etc. services as a percentage of service exports stand at 38.17%, below the average of 45.85%, ranking 103rd out of 169 countries.

Transport services contribute 39.03% to Montenegro's service exports, which is higher than the average of 21.80%, placing the country 25th out of 169 countries.

Travel services represent 21.30% of Montenegro's service exports, below the average of 26.40%, ranking 79th out of 167 countries.

Montenegro's insurance and financial services as a percentage of service exports are 1.50%, significantly lower than the average of 6.46%, and the country ranks 123rd out of 161 countries in this aspect.

Summary

Montenegro's service exports are below average, particularly in ICT services and insurance/financial services. However, the country excels in transport services, contributing a higher percentage than the global average. These statistics are crucial as they highlight Montenegro's strengths and weaknesses in key service sectors, indicating areas for potential growth and development strategies.

Commercial Service Exports

Analysis of key commercial service export attributes in Montenegro:

Summary

In analyzing key commercial service export attributes in Montenegro, it is evident that the country's values for various service categories such as travel services, computer, communications, and other services, insurance and financial services, and transport services are generally below the global averages. This indicates that Montenegro may have untapped potential for growth and diversification in its service export sector.

These findings are important as they highlight areas where Montenegro can focus on improving and expanding its service export capabilities. By investing in sectors with lower-than-average contributions, such as travel and computer services, Montenegro can enhance its competitiveness in the global market and potentially increase its overall economic growth and stability.

Broad Import Attributes

Montenegro's Imports of goods and services (current US$) amount to $2.91 billion, significantly below the average of $126.19 billion, ranking 133 out of 163 countries.

The country's Imports of goods and services (% of GDP) stand at 61.01%, surpassing the average of 44.15%, and ranking 32 out of 163 countries.

Montenegro's International tourism expenditures (% of total imports) are 1.30%, lower than the average of 3.98%, ranked 112 out of 131 countries.

With ICT goods imports (% total goods imports) at 4.74%, Montenegro falls below the average of 6.85%, ranking 82 out of 143 countries.

Montenegro's Goods imports (BoP, current US$) are valued at $2.34 billion, notably lower than the average of $92.01 billion, ranking 135 out of 171 countries.

Montenegro's Imports of goods and services (BoP, current US$) total $2.92 billion, significantly below the average of $120.32 billion, ranking 139 out of 170 countries.

Imports of goods, services, and primary income (BoP, current US$) for Montenegro amount to $3.16 billion, substantially below the average of $144.51 billion, ranking 139 out of 170 countries.

Summary

Montenegro's import statistics consistently show the country importing goods and services at levels significantly below global averages, ranking consistently in the lower percentiles amongst the surveyed countries. This indicates a relatively limited scale of international trade activity, potentially signaling challenges in diversifying the economy and integrating into global value chains effectively.

Merchandise Imports

Montenegro's Merchandise imports amount to $2.4 billion, ranking 143 out of 190 countries. This is significantly below the average of $89.39 billion.

Manufactures imports account for 67.09% of Montenegro's total merchandise imports, placing it at rank 85 out of 152 countries. This figure is slightly above the average of 66.76%.

Agricultural raw materials imports make up only 0.69% of Montenegro's merchandise imports, ranking it 120 out of 152 countries. This value is below the average of 1.27%.

Food imports constitute 22.30% of Montenegro's merchandise imports, ranking 27 out of 152 countries. This percentage is notably higher than the average of 15.89%.

Fuel imports represent 7.93% of Montenegro's merchandise imports, placing it at rank 104 out of 152 countries. This percentage is below the average of 11.38%.

Ores and metals imports make up 1.99% of Montenegro's merchandise imports, ranking it 67 out of 152 countries. This figure is below the average of 2.57%.

The residual category of merchandise imports for Montenegro stands at 0.10%, ranking 129 out of 180 countries. This percentage is significantly below the average of 2.51%.

Summary

Montenegro's merchandise imports are comparatively low, with a significant emphasis on manufactured goods and food products. The country's lower reliance on agricultural raw materials, fuel, ores, and metals as a percentage of total imports reflects a diversified import portfolio.

These findings are crucial as they indicate Montenegro's import dependency, economic diversification, and potential vulnerability to fluctuations in manufactured goods and food markets. Understanding these import dynamics can help policymakers in Montenegro make informed decisions to enhance trade balance, economic resilience, and sustainable development.

Service Imports

Montenegro's service imports amount to $574,084,923.28, ranking 137th out of 171 countries with data available. This value is significantly below the attribute average of $27,615,356,170.47.

In terms of Communications, computer, etc. (% of service imports), Montenegro's percentage stands at 46.57%, slightly above the average of 44.40%. The country is ranked 83rd out of 169 countries.

For Transport services (% of service imports), Montenegro's value is 44.63%, notably higher than the average of 32.90%. This places Montenegro at the 36th rank out of 169 countries.

Montenegro's Travel services (% of service imports) is at 5.18%, much lower than the average of 14.14%. This places Montenegro at the 135th rank out of 169 countries.

Montenegro's usage of Insurance and financial services (% of service imports) is at 3.63%, falling below the average of 8.53%. The country is ranked 131st out of 169 countries in this aspect.

Summary

Montenegro's service imports are relatively low compared to the global average, but it shows a higher emphasis on Communications and Transport services, outperforming the global averages in both categories. However, the country lags behind in the utilization of Travel services and Insurance/financial services compared to the global averages.

These findings are crucial as they indicate Montenegro's economic priorities and strengths. The emphasis on Communications and Transport services suggests a focus on connectivity and infrastructure development, which can enhance trade and economic growth. Conversely, the lower utilization of Travel and Insurance/financial services may point to areas needing improvement to boost the country's overall service sector competitiveness and efficiency.

Commercial Service Imports

- Montenegro's Commercial service imports amount to $559,996,616.41, significantly below the average of $27,102,746,128.60, ranking at 137th out of 171 countries in the dataset.
- Computer, communications, and other services account for 45.22% of Montenegro's commercial service imports, slightly above the average of 41.71%. Montenegro ranks 79th out of 169 countries in this category.
- Montenegro's Insurance and financial services constitute 3.72% of its commercial service imports, significantly below the average of 8.85%, ranking at 130th out of 169 countries.
- Transport services form 45.75% of Montenegro's commercial service imports, notably higher than the average of 34.71%. Montenegro ranks 42nd out of 169 countries.
- Travel services make up 5.31% of Montenegro's commercial service imports, significantly lower than the average of 14.73%. Montenegro is ranked 133rd out of 169 countries in this aspect.

Summary

Montenegro's commercial service imports are relatively low compared to the global average, with a significant portion being attributed to computer, communications, and other services as well as transport services. However, the country lags behind in insurance, financial services, and travel services when compared to the average. These findings are crucial as they highlight Montenegro's reliance on specific sectors for imports, which can impact the country's economic diversification and resilience to external shocks.

Infrastructure

Montenegro's railways carried 27.8 million passenger-km, significantly below the attribute average of 32,281.92 million passenger-km. This places Montenegro at rank 57 out of 64 countries in terms of passengers carried on railways.

Summary

Montenegro's railway system transported 27.8 million passenger-kilometers, which falls considerably below the global average of 32,281.92 million passenger-kilometers. This places Montenegro at the 57th position out of 64 countries in terms of railway passenger transportation. The low volume of passengers carried on railways in Montenegro indicates a potential underutilization of the country's rail infrastructure, which could impact economic efficiency, environmental sustainability, and overall connectivity within the region.

Information Technology Infrastructure

Montenegro has 487 secure Internet servers, which is significantly below the average of 458,294. This places Montenegro at rank 134 out of 193 countries.

With 783.83 secure Internet servers per 1 million people, Montenegro is once again below the average of 14,067. Montenegro ranks 84 out of 193 countries in this aspect.

77.61% of Montenegro's population uses the internet, above the average of 64.77%. Montenegro ranks 74 out of 180 countries in this metric.

Montenegro has 184,176 fixed broadband subscriptions, well below the average of 6,591,956. This places Montenegro at rank 115 out of 185 countries.

With 1,080,089 mobile cellular subscriptions, Montenegro is below the average of 42,526,464. Montenegro ranks 155 out of 193 countries for this attribute.

Summary

Montenegro lags behind global averages in key macroeconomic indicators related to internet infrastructure and connectivity. The country has significantly fewer secure Internet servers and fixed broadband subscriptions compared to the global average, leading to lower rankings in these aspects. However, Montenegro surpasses the average internet usage rate, indicating potential for further development in digital connectivity. These indicators are crucial as they reflect Montenegro's readiness to participate in the digital economy, affecting its competitiveness and potential for innovation in a globalized world.

Energy Consumption

For Renewable energy consumption, Montenegro's value is 39.56%, which is above the average of 32.18%. Montenegro ranks 64th out of 191 countries in this attribute.

Looking at CO2 emissions, Montenegro emits 2527.2 kt, significantly below the average of 171895.94 kt. Montenegro holds the 142nd position out of 188 countries in CO2 emissions.

Summary

Montenegro demonstrates a relatively high reliance on renewable energy sources compared to the global average, with a consumption rate of 39.56%. However, its CO2 emissions are notably low at 2527.2 kt, well below the worldwide average. These indicators highlight Montenegro's commitment to sustainability and environmental protection, showcasing its potential for eco-friendly development and contributing positively to global efforts in combating climate change.

Government Balance Sheet

Montenegro's total reserves (% of total external debt) stand at 22.55%, which is significantly below the average of 66.13%. This places Montenegro at rank 72 out of 102 countries in the dataset.

In terms of reserves and related items (BoP, current US$), Montenegro's value of $379,425,733.26 is well below the average of $1,924,407,186.58. This places Montenegro at rank 55 out of 171 countries.

Montenegro's total reserves minus gold (current US$) amount to $2,134,820,419.93, a substantial difference from the average of $74,221,588,171.61. This places Montenegro at rank 109 out of 161 countries.

With total reserves (includes gold, current US$) of $2,134,820,419.93, Montenegro's reserves are significantly below the average of $85,708,019,773.47. This places Montenegro at rank 111 out of 161 countries.

Montenegro's total reserves in months of imports is 8.10, slightly above the average of 7.10. This places Montenegro at rank 46 out of 151 countries.

Summary

Montenegro's total reserves indicators consistently show that the country lags behind global averages and ranks relatively low compared to other nations. With reserves well below average in various categories such as total reserves minus gold and total reserves including gold, Montenegro may face challenges in managing external debt, economic stability, and ensuring financial security in the face of potential economic shocks. Improving reserve levels and aligning them closer to global averages could enhance Montenegro's ability to withstand economic uncertainties and external pressures.

Taxes

Montenegro has a Tariff rate of 2.59% for all products, below the average of 5.21%. This places Montenegro at rank 90 out of 153 countries in the dataset for this attribute.

Summary

Montenegro maintains a relatively low tariff rate of 2.59% for all products, which is below the global average of 5.21%. This position places Montenegro at the 90th rank out of 153 countries in the dataset for this key economic indicator. The low tariff rate can make Montenegro an attractive destination for trade and foreign investment, potentially boosting economic growth and international relations.

Top Stats

Ranks in Top Decile For:

Attribute Rank/Total
Armed forces personnel (% of total labor force) 7/164
Final consumption expenditure (% of GDP) 15/159
Foreign direct investment, net inflows (% of GDP) 16/178
Total debt service (% of GNI) 2/120
Public and publicly guaranteed debt service (% of GNI) 2/120
External debt stocks (% of GNI) 5/120
Agricultural raw materials exports (% of merchandise exports) 12/151

Ranks in Bottom Decile For:

Attribute Rank/Total
Cereal production (metric tons) 157/174
Capture fisheries production (metric tons) 172/190
Total fisheries production (metric tons) 172/182
Industrial design applications, resident, by count 113/113
Patent applications, residents 109/117
Broad money growth (annual %) 134/139
Broad money to total reserves ratio 117/126
External balance on goods and services (% of GDP) 154/163
Current account balance (% of GDP) 165/170