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Montenegro FlagMontenegro

God's Mill Goes Slowly But It Grinds Well.

 

General


Population: 661,807 (2011)
Land Area: 14,026 sq km
Natural Resources: Bauxite, hydroelectricity
Capital: Podgorica
Political System: Republic
State Leader: Filip Vujanovic (2008)
Head of Government: Igor Luksic (2010)
Languages: Montenegrin, Serbian, Bosnia, Albanian, Croatian
Currency: Euro (EUR)
Major Religions: Orthodox, Muslim, Roman Catholic
Major Ethnicities: Montenegrin 43%, Serbian 32%, Bosniak 8%, Albanian 5%, Other 12%
Life Expectancy: NA

Economy


GDP Official Exchange Rate: 3.884 billion (2010)
GDP Purchasing Power Parity: 6.569 billion (2010)
GDP Per Capita (PPP): 9,900 (2010)
GDP Growth Rate: -1.8% (2010)
GDP Structure: NA
Labour Force By Occupation: Agriculture 2%, Industry 30%, Services 68% (2004)
Industries: Steelmaking, aluminum, agricultural processing, consumer goods, tourism
Agriculture Products: Grains, tobacco, potatoes, citrus fruits, olives, grapes; sheepherding; commercial fishing
Human Development Index: 0.771 (54th)
Tourism Revenue: 77 million (2002)
Unemployment Rate: 14.7% (2007)

MilitaryMontenegro Map


Army Size: 65 300 (2004)
Budget: 3.17% of GDP (2004)

Current Situation

 

Montenegro is located in South Eastern Europe. Montenegro is bordered by Albania, Bosnia and Herzegovina, Croatia, Kosovo and Serbia. Montenegro's economy was crippled during the Yugoslav Wars in the 1990's, and it has blamed much of its inability to recover on Serbia. Since independence in 2006, the economy has started a recovery and the tourism sector is leading the way and will become the biggest sector in Montenegro.

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Sources

CIA World Factbook: Montenegro
Wikipedia: Montenegro
http://hdrstats.undp.org/en/countries/profiles/MNE.html

Updated on: December 25, 2011