Croatia vs Montenegro: Economic Indicators Comparison
Croatia with a GDP of $61B ranked the 76th largest economy in the world, while Montenegro ranked 153rd with $5.5B. By GDP 5-years average growth and GDP per capita, Croatia and Montenegro ranked 118th vs 67th and 63rd vs 81st, respectively.
Gross Domestic Product & Income
| Stat |  Croatia |  Montenegro |
|---|---|---|
| GDP | $61B | $5.5B |
| GDP growth, 1 year | 2.7% | 4.5% |
| GDP growth, 5-years average | 2.3% | 3.5% |
| Population | 4.1M | 622k |
| GDP per capita | $15k | $8.8k |
| GDP per capita growth | 3.51% | 5.08% |
| Purchasing Power Parity conversion factor | 3.39 | 0.36 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | 0.54 | 0.43 |
| GDP per capita, PPP adjusted | $26k | $19k |
| GNI, Atlas method | $57.2B | $5.2B |
| GNI per capita | $14k | $8.4k |
| GNI, PPP adjusted | $111.1B | $13B |
| GNI per capita, PPP adjusted | $27k | $21k |
Financial system and Human development
| Stat | Croatia | Montenegro |
|---|---|---|
| Income Tax Rate | 40% | 9% |
| Corporate Tax Rate | 18% | 9% |
| Inflation, consumer prices | 1.5% | 2.6% |
| Inflation, GDP deflator | 1.8% | 3.2% |
| Unemployment | 8.9% | 15.5% |
| Economic Freedom Index | 62.2 | 61.5 |
| Personal Freedom Index | 8.08 | 8.12 |
| Human Freedom Index | 7.46 | 7.67 |
| Property Rights Index | 69.9 | 59.1 |
| Judical Effectiveness Index | 39.6 | 55.3 |
| Business Freedom Index | 53.6 | 70.8 |
| Fiscal Health Index | 89.1 | 23.4 |
| Labor Freedom Index | 44 | 74.8 |
| Investment Freedom Index | 75 | 75 |
| Financial Freedom Index | 60 | 50 |
| Trade Freedom Index | 86.4 | 83.8 |
| Monetary Freedom Index | 77.6 | 80.3 |
| Government Spending Index | 34.7 | 32.1 |
| Tax Burden Index | 65.9 | 85.4 |
| Government Integrity Index | 51 | 47.5 |
| Corruption Perceptions Index | 48 | 45 |
| Life expectancy at birth, years | 77.8 | 76.7 |
| Suicide mortality rate, per 100,000 people | 16.5 | 10.3 |
| Mortality caused by road traffic injury, per 100,000 people | 8.1 | 10.7 |
| Intentional homicides, per 100,000 people | 1.1 | 2.4 |
| International tourism, number of arrivals | 16.6M | 2.1M |
Government debt & reserves
| Stat | Croatia | Montenegro |
|---|---|---|
| Central government debt, % of GDP | 73.9% | 72.1% |
| External debt stocks, % of GNI | N/A | 144.1% |
| External debt stocks | N/A | $8B |
| Short-term debt, % of total reserves | N/A | 17.2% |
| Total debt service, % of exports and primary income | N/A | 63.7% |
| Adjusted net savings including particulate emission damage, % of GNI | 10.8% | N/A |
| Gross savings, % of GDP | 24.2% | 14.9% |
| Gross capital formation, % of GDP | 23.1% | 31.9% |
| Total reserves including gold | $20B | $1.2B |
| Foreign direct investment net inflows | $1.3B | $485.7M |
Exports, imports and economic structure
| Stat | Croatia | Montenegro |
|---|---|---|
| Exports of goods and services, % of GDP | 50.5% | 42.9% |
| Imports of goods and services, % of GDP | 51.4% | 66.7% |
| Current account balance (balance of payments) | $1.5B | -$943M |
| Revenue excluding grants, % of GDP | 39.7% | N/A |
| Grants excluding technical cooperation, BoP | $260k | $57.7M |
| Personal remittances received | $2.9B | $588.9M |
| Industry including construction value added, % of GDP | 20.4% | 15.9% |
| Agriculture, forestry and fishing value added, % of GDP | 2.9% | 6.7% |
| Charges for the use of intellectual property, payments BoP | $309.7M | $6M |
| Charges for the use of intellectual property, receipts BoP | $63.2M | $432k |
| Expense, % of GDP | 38.5% | N/A |
| Government Expenditure, % of GDP | 46.6% | 47.6% |
