Europe > Montenegro > Economy

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Commercial bank prime lending rate	9.09%		[105th of 156]
Currency	euro
Debt > External	$650,000,000.00		[127th of 136]
Distribution of family income > Gini index	30		[34th of 43]
Economy > Overview Montenegro severed its economy from federal control and from Serbia during the MILOSEVIC era and maintained its own central bank, used the euro instead of the Yugoslav dinar as official currency, collected customs tariffs, and managed its own budget. The dissolution of the loose political union between Serbia and Montenegro in 2006 led to separate membership in several international financial institutions, such as the European Bank for Reconstruction and Development. On 18 January 2007, Montenegro joined the World Bank and IMF. Montenegro is pursuing its own membership in the World Trade Organization as well as negotiating a Stabilization and Association agreement with the European Union in anticipation of eventual membership. Severe unemployment remains a key political and economic problem for this entire region. Montenegro has privatized its large aluminum complex - the dominant industry - as well as most of its financial sector, and has begun to attract foreign direct investment in the tourism sector.
Exports	$171,300,000.00		[145th of 189]
Exports > Partners Switzerland 83.9%, Italy 6.1%, Bosnia and Herzegovina 1.3%
Fiscal year	calendar year
GDP	$2,346,679,000.00		[136th of 203]
GDP (official exchange rate)	$2,974,000,000.00		[152nd of 192]
GDP (purchasing power parity)	$5,918,000,000.00		[151st of 187]
GDP > Real growth rate	7.5%		[39th of 198]
Imports	$601,700,000.00		[139th of 185]
Imports > Partners Greece 10.2%, Italy 10.2%, Germany 9.6%, Bosnia and Herzegovina 9.2%
Industries steelmaking, aluminum, agricultural processing, consumer goods, tourism
Inflation rate (consumer prices)	3.4%		[122nd of 192]
Investment (gross fixed)	30.5 % of GDP		[19th of 146]
Population below poverty line	7%		[18th of 46]
Public debt	38 % of GDP		[59th of 121]
Stock of money	$1,172,000,000.00		[109th of 164]

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