investment opportunities
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spatial plan of montenegro
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strategy for the development of small hydro power plants
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energy development strategy of Montenegro by 2025
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economic indicators
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2006 |
2007 |
2008 |
2009 |
2010 |
| GDP growth nominal, % |
10.09 |
13.5 |
11.0 |
9.5 |
8.5 |
| Inflation, % |
2.0 |
6.7 |
4.0 |
3.5 |
3.0 |
| Employment growth, % |
4.4 |
5.7 |
3.7 |
2.1 |
2.1 |
| Unemployment, % |
14.7 |
12.2 |
10.8 |
9.8 |
8.8 |
| Public sector surplus/deficit, % GDP |
3.4 |
3.1 |
0.7 |
1.0 |
1.1 |
| Export growth, % |
36.9 |
14.6 |
12.1 |
11.3 |
14.2 |
| Import growth, % |
54.7 |
20.0 |
8.5 |
7.7 |
6.1 |
| Trade balance, % BDP |
31.59 |
35.87 |
33.27 |
30.89 |
26.01 |
| Current account balance, % BDP |
-25.55 |
-32.20 |
-30.57 |
-28.79 |
-23.91 |
| External debt, % BDP |
25.15 |
21.15 |
19.97 |
18.85 |
17.11 |
| FDI – net, mil. EUR |
603.70 |
785.20 |
793.79 |
795.70 |
718.89 |
| FDI – net, % of BDP |
30.13 |
34.47 |
31.39 |
28.74 |
23.93 |
| Growth productivity (real GDP per employee), % |
3.5 |
1.3 |
3.2 |
3.8 |
3.4 |
Projection-Nov 2007
Montenegrin Economic Reforms Achievements
- Macroeconomic stability
- Credible currency (EURO)
- Banking system successfully reformed
- Low inflation
- Low taxes - high level of fiscal incentives
- Legal protection of investors
- Constant efforts to minimize administrative business barriers
- Openness
- Decreased conventional and non-conventional investment risks
Ultimate goal:
Open, liberal, efficient, and flexible business environment
Liberal Tax System
- Value Added Tax – 0%, 7% and 17%
- Personal Income Tax – progressive rate decreased to 15%
(2009 - 12%, 2010 - 9% )
- Corporate Income Tax – 9%
- Average tariff rate approximately 6%
- Free Trade Zones with 0% Corporate Income Tax
- No double taxation
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