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Quick Facts

  • Constitutional name: Montenegro
  • Location: South Eastern Europe
  • Geographic coordinates: 42° 30’ N, 19° 18’ E
  • Time zone: GMT+1
  • Climate: Continental, Mediterranean and Mountainous
  • Population: 622,303 (2016)
  • Area: 13,812 km2
  • Territorial division: 23 municipalities
  • Capital: (population) Podgorica (195,718)
  • Old Royal Capital (pop.): Cetinje (15,837)
  • Political system: Parliamentary Democracy
  • President of the Republic: Milo Đukanović
  • Prime minister: Mr. Duško Markovic
  • GDP (million €): 1 075 (IVq 2017)
  • Real GDP Growth Rate: 4, 0% ( IVq 2017)
  • GDP per capita: €6 354
  • FDI (million €): 649,2 (2017)
  • FDI per capita: € 958.5 (2017)
  • Unemployment rate: 14,8 % (IIIq 2017)
  • Corporate tax Flat: – 9%
  • Personal income tax: 9% with introduction of temporary tax rate of 15% applicable only on the salaries above the 480 EUR net
  • VAT: 21%, 7% (tourism) and 0%
  • Currency: EUR
  • Number of Airports: 2 (Podgorica and Tivat)
  • Main port: Port of Bar
  • Visa regime: None

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