1. Macroeconomic Indicators of Republic of Montenegro
Anastasia Mokova
Dimitrina Bagashka

2. Population 630,548
Area: 13,938 sq. km.

3. Forests- 54% of total surface area
Favorable geographic location
International shipping (fleet of 40 ships)

4. GDP $10,600 billion
Composition of GDP by sector:
Tourism: 20% Industry: 13.8%
Agriculture: 8.4% Services: 49.6%

5. Main industries: metallurgy, power generation, tourism
Production of healthy organic food, naturally pure potable water
Currency: Euro

6. 2006- Independence from Serbia
2007- joined IMF and World Bank
Real Estate Boom
2007- The Law on Banks
2007- Energy Sector Reforms
2008-submitted candidacy to EU

7. Successful Tax Policy:
-the lowest corporate tax in Europe 9%
-reduced Tax Rate 7% for tourism
2008- the highest foreign investment in Europe

12. Financial Crisis 2008… Huge drop in foreign investment in
Montenegrin coastal property
Sharp decline in economic growth
2009- expected GDP growth only 2%

13. Thank You!