Basic Economic Indicators
| |
2004 |
2005 |
2006 |
2007 |
2008 |
2009
(I-IX) |
| GDP (mil. €) |
1565 |
1815 |
2149 |
2544 |
3025 |
|
| GDP per capita |
2684 |
2912 |
3442 |
4058 |
4840 |
|
| GDP growth rate |
4.2% |
4.2% |
8.6% |
10.3% |
9.1% |
|
| Inflation |
4.3% |
1.8% |
2.1% |
7.7% |
10.0% |
|
| Unemployment rate |
21% |
18.4% |
14.6% |
11.8% |
10.5% |
|
| Foreign Direct Investment (mil. €) |
61.90 |
383.00 |
644.00 |
1000.70 |
832.10 |
541.60 |
Foreign Direct Investment in Montenegro - Top 10 (2001-2009)
| Country |
mil € |
| Russian Federation |
474.50 |
| Hungary |
350.70 |
| Cyprus |
342.30 |
| Great Britain |
326.50 |
| Switzerland |
293.40 |
| Austria |
246.40 |
| Serbia |
153.80 |
| Germany |
133.90 |
| Slovenia |
127.90 |
| USA |
93.90 |
| TOTAL |
2543.30 |
Montenegrin Economic Reforms Achievements
- Macroeconomic stability
- Credible currency (EURO)
- Banking system successfully reformed
- Low inflation
- Low taxes - high level of fiscal incentives
- Legal protection of investors
- Constant efforts to minimize administrative business barriers
- Openness
- Decreased conventional and non-conventional investment risks
Ultimate Goal:
- Open, liberal, efficient, and flexible businessenvironment
Liberal Tax System
- Value Added Tax – 0%,7% and 17%
- Personal Income Tax – progressive rate decreased to 9%
- Corporate Income Tax – 9%
- Average tariff rate approximately 6%
- No double taxation
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