Cyprus vs Montenegro: Economic Indicators Comparison

Cyprus with a GDP of $25B ranked the 109th largest economy in the world, while Montenegro ranked 153rd with $5.5B. By GDP 5-years average growth and GDP per capita, Cyprus and Montenegro ranked 99th vs 67th and 36th vs 81st, respectively.

Gross Domestic Product & Income

StatCyprusMontenegro
GDP$25B$5.5B
GDP growth, 1 year3.9%4.5%
GDP growth, 5-years average2.8%3.5%
Population1.1M622k
GDP per capita$28k$8.8k
GDP per capita growth2.75%5.08%
Purchasing Power Parity conversion factor0.630.36
Price level ratio of PPP conversion factor GDP to market exchange rate0.740.43
GDP per capita, PPP adjusted$40k$19k
GNI, Atlas method$24.9B$5.2B
GNI per capita$26k$8.4k
GNI, PPP adjusted$34.7B$13B
GNI per capita, PPP adjusted$35k$21k

Financial system and Human development

StatCyprusMontenegro
Income Tax Rate35%9%
Corporate Tax Rate12.5%9%
Inflation, consumer prices0.8%2.6%
Inflation, GDP deflator1.4%3.2%
Unemployment8.1%15.5%
Economic Freedom Index70.161.5
Personal Freedom Index8.968.12
Human Freedom Index8.397.67
Property Rights Index77.459.1
Judical Effectiveness Index50.555.3
Business Freedom Index76.670.8
Fiscal Health Index8023.4
Labor Freedom Index59.774.8
Investment Freedom Index7575
Financial Freedom Index6050
Trade Freedom Index86.483.8
Monetary Freedom Index84.380.3
Government Spending Index58.632.1
Tax Burden Index74.885.4
Government Integrity Index57.647.5
Corruption Perceptions Index5945
Life expectancy at birth, years80.776.7
Suicide mortality rate, per 100,000 people5.310.3
Mortality caused by road traffic injury, per 100,000 people5.110.7
Intentional homicides, per 100,000 people0.62.4
International tourism, number of arrivals3.9M2.1M

Government debt & reserves

StatCyprusMontenegro
Central government debt, % of GDP102.5%72.1%
External debt stocks, % of GNIN/A144.1%
External debt stocksN/A$8B
Short-term debt, % of total reservesN/A17.2%
Total debt service, % of exports and primary incomeN/A63.7%
Adjusted net savings including particulate emission damage, % of GNI3.2%N/A
Gross savings, % of GDP21.8%14.9%
Gross capital formation, % of GDP19.1%31.9%
Total reserves including gold$924.2M$1.2B
Foreign direct investment net inflows$5.2B$485.7M

Exports, imports and economic structure

StatCyprusMontenegro
Exports of goods and services, % of GDP73.1%42.9%
Imports of goods and services, % of GDP72.3%66.7%
Current account balance (balance of payments)-$1.1B-$943M
Revenue excluding grants, % of GDP37.4%N/A
Grants excluding technical cooperation, BoP$34.2M$57.7M
Personal remittances received$497.8M$588.9M
Industry including construction value added, % of GDP12.2%15.9%
Agriculture, forestry and fishing value added, % of GDP2%6.7%
Charges for the use of intellectual property, payments BoP$127.2M$6M
Charges for the use of intellectual property, receipts BoP$174k$432k
Expense, % of GDP35.4%N/A
Government Expenditure, % of GDP37.1%47.6%

Compare with countries close by GDP per capita

Cyprus vs

CountryGDP
per capita
Population
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k
Brunei
$32k
429k
South Korea
$31k
51.5M
Spain
$30k
46.7M
Malta
$30k
465k
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M
Bahrain
$24k
1.49M
Portugal
$23k
10.6M
Saudi Arabia
$23k
33M
Estonia
$23k
1.32M
Czech Republic
$23k
10.7M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k
Slovakia
$19k
5.4M
Saint Kitts and Nevis
$19k
55.3k
Lithuania
$19k
2.79M
Barbados
$18k
286k
Latvia
$18k
1.91M

Montenegro vs

CountryGDP
per capita
Population
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
436k
Equatorial Guinea
$10k
1.27M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18.3M
China
$9.8k
1.41B
Mexico
$9.7k
131M
Turkey
$9.4k
82M
Bulgaria
$9.3k
7M
Brazil
$8.9k
210M
Cuba
$8.8k
11.5M
Lebanon
$8.3k
6.1M
Botswana
$8.3k
2.29M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M