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MONTENEGRO
Economy

Cities in MONTENEGRO

Podgorica

Economy

Industry

During the last 50 years, Montenegrin industry has experienced significant growth. During this period, the energy industry, metallurgy (steel and aluminium) and the transport industry laid the foundation for the development of the entire industrial sector. At present, about 90% of the total industrial production is sold abroad.

Agriculture and fisheries

Agricultural lands and water resources are well protected from industrial pollution, excellent conditions for production of meat (chicken, lamb, goat, beef), milk and milk products, honey, fish, vegetables (main: grain, corn, potatoes, tobacco), fruits (main: plums, olives, oranges, mandarins, grapes), wine and high quality drinking water.

Forests and wooded areas cover an area of 720,000 ha, about 54% of the total territory of Montenegro; 572,000 ha are located in the northeast of the country.

Fishermen caught 1235 tonnes of fish in 2013, of which 443 tonnes were marine fish and 782 tonnes freshwater fish.

Shipping and transport

Montenegro has a fleet of more than 40 ships, with a total tonnage of 1 million tonnes. The port of Bar can handle 5 million tonnes of ship freight annually.

Montenegro has a road network of more than 5000 km, of which almost 2000 km are modern main roads.

The total length of railways is about 250 km, most of it electrified.

Montenegro has two airports, in Podgorica and in Tivat.

Some economic data (reference date 2017)

National income: EUR 11.1 billion, of which agriculture 7.5%, industry 15.9%, services 76.6%.

Labour force: agricultural sector 7.9%, industry 17.1%, services 75%.

GDP per capita: $17,800

Exports: $422 million

Imports: $2.6 billion


Sources

Detrez, R. / Servië-Montenegro : mensen, politiek, economie, cultuur, milieu
Koninklijk Instituut voor de Tropen ; Novib

Montenegro
Naklada Ljevak

Rellie, A. / Montenegro
Bradt Travel Guides

Schuman, M.A. / Serbia and Montenegro
Facts On File

CIA - World Factbook

BBC - Country Profiles

Last updated May 2024
Copyright: Team The World of Info