Markets

Montenegro

Unemployment Rate
16.69%
Average Salary
993 EUR
Economically Active Population
294 thousand
Interested in collaborating on this market?
Local products
About Montenegro

Montenegro is a candidate country for EU membership and negotiations are relatively advanced, with an aspiration to join to join the EU by 2025. Montenegro faces the significant challenge of creating good jobs for its people with an unemployment rate of 17 %.

Great business opportunities

Its appeal lies in its business-friendly environment, marked by low corporate and personal tax rates, drawing both businesses and remote workers. The country‘s proactive approach to bolstering its economy includes investment incentives, business support programs, and government initiatives aimed at fostering growth. Such measures provide firms with significant financial and regulatory advantages.

Unemployment
16.69%
Average salary
993 EUR
Population
Population: 626 thousand
Economically active population: 294 thousand
Currency
EUR
Stongest industries
Steelmaking/Aluminum Agriculture, Tourism, Consumer goods
Agriculture
Tourism
Consumer goods