Monaco vs Montenegro: Economic Indicators Comparison
Monaco with a GDP of $7.2B ranked the 149th largest economy in the world, while Montenegro ranked 153rd with $5.5B. By GDP per capita, Monaco and Montenegro ranked 1st vs 81st, respectively.
Gross Domestic Product & Income
| Stat |  Monaco |  Montenegro |
|---|---|---|
| GDP | $7.2B | $5.5B |
| GDP growth, 1 year | 6.1% | 4.5% |
| GDP growth, 5-years average | N/A | 3.5% |
| Population | 39k | 622k |
| GDP per capita | $186k | $8.8k |
| GDP per capita growth | 5.3% | 5.08% |
| Purchasing Power Parity conversion factor | N/A | 0.36 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | N/A | 0.43 |
| GDP per capita, PPP adjusted | $98k | $19k |
| GNI, Atlas method | N/A | $5.2B |
| GNI per capita | N/A | $8.4k |
| GNI, PPP adjusted | N/A | $13B |
| GNI per capita, PPP adjusted | N/A | $21k |
Financial system and Human development
| Stat | Monaco | Montenegro |
|---|---|---|
| Income Tax Rate | N/A | 9% |
| Corporate Tax Rate | N/A | 9% |
| Inflation, consumer prices | N/A | 2.6% |
| Inflation, GDP deflator | 0.8% | 3.2% |
| Unemployment | 6.3% | 15.5% |
| Economic Freedom Index | 83 | 61.5 |
| Personal Freedom Index | 8.7 | 8.12 |
| Human Freedom Index | 8.7 | 7.67 |
| Property Rights Index | N/A | 59.1 |
| Judical Effectiveness Index | N/A | 55.3 |
| Business Freedom Index | N/A | 70.8 |
| Fiscal Health Index | N/A | 23.4 |
| Labor Freedom Index | N/A | 74.8 |
| Investment Freedom Index | N/A | 75 |
| Financial Freedom Index | N/A | 50 |
| Trade Freedom Index | N/A | 83.8 |
| Monetary Freedom Index | N/A | 80.3 |
| Government Spending Index | N/A | 32.1 |
| Tax Burden Index | N/A | 85.4 |
| Government Integrity Index | N/A | 47.5 |
| Corruption Perceptions Index | 82 | 45 |
| Life expectancy at birth, years | 89.7 | 76.7 |
| Suicide mortality rate, per 100,000 people | 0.2 | 10.3 |
| Mortality caused by road traffic injury, per 100,000 people | 0 | 10.7 |
| Intentional homicides, per 100,000 people | 0 | 2.4 |
| International tourism, number of arrivals | 347k | 2.1M |
Government debt & reserves
| Stat | Monaco | Montenegro |
|---|---|---|
| Central government debt, % of GDP | N/A | 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 | N/A | N/A |
| Gross savings, % of GDP | N/A | 14.9% |
| Gross capital formation, % of GDP | N/A | 31.9% |
| Total reserves including gold | N/A | $1.2B |
| Foreign direct investment net inflows | N/A | $485.7M |
Exports, imports and economic structure
| Stat | Monaco | Montenegro |
|---|---|---|
| Exports of goods and services, % of GDP | N/A | 42.9% |
| Imports of goods and services, % of GDP | N/A | 66.7% |
| Current account balance (balance of payments) | N/A | -$943M |
| Revenue excluding grants, % of GDP | N/A | N/A |
| Grants excluding technical cooperation, BoP | N/A | $57.7M |
| Personal remittances received | N/A | $588.9M |
| Industry including construction value added, % of GDP | 13.1% | 15.9% |
| Agriculture, forestry and fishing value added, % of GDP | N/A | 6.7% |
| Charges for the use of intellectual property, payments BoP | N/A | $6M |
| Charges for the use of intellectual property, receipts BoP | N/A | $432k |
| Expense, % of GDP | N/A | N/A |
| Government Expenditure, % of GDP | N/A | 47.6% |
