The lowest income tax in the region and one of the lowest in Europe
The fifth fastest growing tourist destination according to the World Tourism Organization report (UNWTO)
EUR as currency of payment
GDP per capita in 2021 (The World Bank)
GDP growth in 2022 (The Statistical Office of Montenegro)
Income from tourism in 2022
Statistical Review of Foreign Direct Investment 2012-2022
The total inflow of Foreign Direct Investment in Montenegro since the restoration of the independence in 2006 until 31.12.2022 amounted to 12.9 billion euros, according to the Central Bank of Montenegro. Of that amount, 4.4 billion was invested in domestic companies and banks, 3.9 billion inflows were registered in the form of intercompany debt, 3.9 billion was invested in the real estate sector, and 661 million in the rest. The total inflow of FDI in 2022 amounted to 1.1 billion EUR. In that ten-year period, from 2012 to 2022, most investments were made from the following countries:
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Economic indicators
Economic indicators that characterize today's economy of Montenegro
5,7
Billion EUR
GDP - 2022 (The Statistical Office of Montenegro)
6,6%
-
GDP Growth Rate 2022 (The Statistical Office of Montenegro)
9,465
USD
GDP per capita - 2021 (The World Bank)
20,4%
-
Tax wedge on minimum salary (450 EUR)
9-15%
-
Corporate profit tax
21%
-
Standard VAT (reduced rates of 7% and 0% are applicable to certain products and services)
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