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Basic Economic Indicators

  2004 2005 2006 2007 2008 2009 2010
GDP (mil. €) 1565 1815 2149 2544 3025 3003 3025
GDP per capita 2684 2912 3442 4058 4840 4720 N/A
GDP growth rate 4.2% 4.2% 8.6% 10.3% 9.1% -5.7 0.5
Inflation 4.3% 1.8% 2.1% 7.7% 10.0% 1.5% 0.2%
Unemployment rate 21% 18.4% 14.6% 11.8% 10.5% 11.42% 11.75
Foreign Direct Investment (mil. €) 61.90 383.00 644.00 1000.70 832.10 910.90 643.10

 

Foreign Direct Investment in Montenegro - Top 10 (2001-2009)

Country mil €
Russian Federation 474.50
Hungary 350.70
Cyprus 342.30
Great Britain 326.50
Switzerland 293.40
Austria 246.40
Serbia 153.80
Germany 133.90
Slovenia 127.90
USA 93.90
TOTAL 2543.30

 

Montenegrin Economic Reforms Achievements

  1. Macroeconomic stability
  2. Credible currency (EURO)
  3. Banking system successfully reformed
  4. Low inflation
  5. Low taxes - high level of fiscal incentives
  6. Legal protection of investors
  7. Constant efforts to minimize administrative business barriers
  8. Openness
  9. Decreased conventional and non-conventional investment risks

 

Ultimate goal
            Open, liberal, efficient, and flexible businessenvironment          

 

Liberal Tax System

  1. Value Added Tax – 0%,7% and 17%
  2. Personal Income Tax – progressive rate decreased to 9%
  • Corporate Income Tax – 9%
  • Average tariff rate approximately 6%
  • No double taxation
 
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