MONTENEGRO

Country Risk Rating

D4

HIGH RISK for enterprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

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GDP USD5.5bn (World ranking 156, World Bank 2019)
Population 0.6mn (World ranking 166, World Bank 2019)
Form of state Parliamentary republic
Head of government Zdravko KRIVOKAPIC (Prime Minister)
Next elections 2023, presidential
  • EU accession candidate country; accession talks promote economic development
  • Use of the euro will keep inflation under control in the next few years
  • Strong tourism potential
  • Small economy vulnerable to external shocks
  • Perceived corruption remains a concern for business operations
  • Use of the euro has limited external competitiveness and reduced the country’s ability to deal with external shocks
  • Large fiscal deficits over the past decade have pushed public debt to over 70% of GDP
  • Unsustainably high, double-digit current account deficits make the country heavily reliant on capital inflows (including grants)
  • Very high gross external debt (around 160% of GDP)
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