Montenegro vs Nicaragua: Economic Indicators Comparison

Nicaragua with a GDP of $13.1B ranked the 133rd largest economy in the world, while Montenegro ranked 153rd with $5.5B. By GDP 5-years average growth and GDP per capita, Nicaragua and Montenegro ranked 91st vs 67th and 148th vs 81st, respectively.

Gross Domestic Product & Income

StatMontenegroNicaragua
GDP$5.5B$13.1B
GDP growth, 1 year4.5%-4%
GDP growth, 5-years average3.5%3%
Population622k6.2M
GDP per capita$8.8k$2k
GDP per capita growth5.08%-5.02%
Purchasing Power Parity conversion factor0.3611.57
Price level ratio of PPP conversion factor GDP to market exchange rate0.430.37
GDP per capita, PPP adjusted$19k$5.7k
GNI, Atlas method$5.2B$13.1B
GNI per capita$8.4k$2k
GNI, PPP adjusted$13B$34.9B
GNI per capita, PPP adjusted$21k$5.4k

Financial system and Human development

StatMontenegroNicaragua
Income Tax Rate9%30%
Corporate Tax Rate9%30%
Inflation, consumer prices2.6%5%
Inflation, GDP deflator3.2%3.4%
Unemployment15.5%4.5%
Economic Freedom Index61.557.2
Personal Freedom Index8.127.41
Human Freedom Index7.677.22
Property Rights Index59.133.5
Judical Effectiveness Index55.319.5
Business Freedom Index70.855.1
Fiscal Health Index23.487.2
Labor Freedom Index74.855.5
Investment Freedom Index7560
Financial Freedom Index5050
Trade Freedom Index83.875.4
Monetary Freedom Index80.371.5
Government Spending Index32.177.5
Tax Burden Index85.476.3
Government Integrity Index47.524.3
Corruption Perceptions Index4525
Life expectancy at birth, years76.774.1
Suicide mortality rate, per 100,000 people10.312.2
Mortality caused by road traffic injury, per 100,000 people10.715.3
Intentional homicides, per 100,000 people2.47.4
International tourism, number of arrivals2.1M1.3M

Government debt & reserves

StatMontenegroNicaragua
Central government debt, % of GDP72.1%37.2%
External debt stocks, % of GNI144.1%90.7%
External debt stocks$8B$11.6B
Short-term debt, % of total reserves17.2%60.3%
Total debt service, % of exports and primary income63.7%19%
Adjusted net savings including particulate emission damage, % of GNIN/A14.4%
Gross savings, % of GDP14.9%23.6%
Gross capital formation, % of GDP31.9%22.9%
Total reserves including gold$1.2B$2.3B
Foreign direct investment net inflows$485.7M$359.2M

Exports, imports and economic structure

StatMontenegroNicaragua
Exports of goods and services, % of GDP42.9%42%
Imports of goods and services, % of GDP66.7%51.3%
Current account balance (balance of payments)-$943M$83M
Revenue excluding grants, % of GDPN/A16.8%
Grants excluding technical cooperation, BoP$57.7M$162.6M
Personal remittances received$588.9M$1.5B
Industry including construction value added, % of GDP15.9%25.8%
Agriculture, forestry and fishing value added, % of GDP6.7%15.5%
Charges for the use of intellectual property, payments BoP$6M$1.9M
Charges for the use of intellectual property, receipts BoP$432kN/A
Expense, % of GDPN/A16.7%
Government Expenditure, % of GDP47.6%27.4%

Compare with countries close by GDP per capita

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

Nicaragua vs

CountryGDP
per capita
Population
Vanuatu
$3.1k
276k
Philippines
$3.1k
105M
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
957k
Papua New Guinea
$2.7k
8.25M
Vietnam
$2.6k
94.7M
Egypt
$2.5k
94.8M
Laos
$2.5k
6.86M
Honduras
$2.5k
9.27M
Ghana
$2.2k
26.9M
Congo
$2.1k
5.26M
Zimbabwe
$2.1k
16.5M
Solomon Islands
$2.1k
611k
East Timor
$2k
1.3M
Syria
$2k
18.3M
Nigeria
$2k
191M
India
$2k
1.33B
Sao Tome and Principe
$2k
204k
Ivory Coast
$1.7k
24.3M
Kenya
$1.7k
48.5M
North Korea
$1.7k
25.5M
Bangladesh
$1.7k
165M
Kiribati
$1.6k
116k
Zambia
$1.5k
17.1M
Cameroon
$1.5k
24.1M
Uzbekistan
$1.5k
32.4M
Senegal
$1.5k
15.9M
Cambodia
$1.5k
16M
Pakistan
$1.5k
197M
Comoros
$1.4k
824k