Montenegro

Montenegro moved up 1 place to 153rd, passing Liechtenstein to sit just behind Mauritania, as US$ GDP rose 11.6% to US$9.2 billion. Most of that was exchange-rate and price effects, not output; real growth was +2.7%. Services dominate at 63.4% of output, with industry at 11.3% and agriculture at 3.4%; manufacturing accounted for 3.3% as of 2024.

Unemployment stood at 13.6%, inflation at 3.9% and government gross debt at 63.5% of GDP. With a population of 623,129, Montenegro posts GDP per capita of US$14,817, 72nd of 196, and $35,423 international dollars on a PPP basis, 69th. Its economy is about the size of the Hanford, CA metro area. In 2000, GDP stood at US$984 million and it ranked 160th; US$ GDP has since grown 9.4 times. The IMF projects a +36% rise to US$12.5 billion by 2030, which would lift Montenegro to 147th.