Montenegro vs Slovakia: Economic Indicators Comparison

Slovakia with a GDP of $105.9B ranked the 62nd largest economy in the world, while Montenegro ranked 153rd with $5.5B. By GDP 5-years average growth and GDP per capita, Slovakia and Montenegro ranked 65th vs 67th and 47th vs 81st, respectively.

Gross Domestic Product & Income

StatMontenegroSlovakia
GDP$5.5B$105.9B
GDP growth, 1 year4.5%4.1%
GDP growth, 5-years average3.5%3.5%
Population622k5.4M
GDP per capita$8.8k$19k
GDP per capita growth5.08%3.89%
Purchasing Power Parity conversion factor0.360.49
Price level ratio of PPP conversion factor GDP to market exchange rate0.430.58
GDP per capita, PPP adjusted$19k$35k
GNI, Atlas method$5.2B$99.5B
GNI per capita$8.4k$18k
GNI, PPP adjusted$13B$180.1B
GNI per capita, PPP adjusted$21k$33k

Financial system and Human development

StatMontenegroSlovakia
Income Tax Rate9%25%
Corporate Tax Rate9%21%
Inflation, consumer prices2.6%2.5%
Inflation, GDP deflator3.2%2%
Unemployment15.5%6.8%
Economic Freedom Index61.566.8
Personal Freedom Index8.128.87
Human Freedom Index7.678.29
Property Rights Index59.173.1
Judical Effectiveness Index55.341.7
Business Freedom Index70.855.3
Fiscal Health Index23.492.6
Labor Freedom Index74.852.6
Investment Freedom Index7575
Financial Freedom Index5070
Trade Freedom Index83.886.4
Monetary Freedom Index80.375.9
Government Spending Index32.150.2
Tax Burden Index85.478.5
Government Integrity Index47.549.7
Corruption Perceptions Index4550
Life expectancy at birth, years76.777.2
Suicide mortality rate, per 100,000 people10.312.8
Mortality caused by road traffic injury, per 100,000 people10.76.1
Intentional homicides, per 100,000 people2.41.5
International tourism, number of arrivals2.1M2.3M

Government debt & reserves

StatMontenegroSlovakia
Central government debt, % of GDP72.1%48.8%
External debt stocks, % of GNI144.1%N/A
External debt stocks$8BN/A
Short-term debt, % of total reserves17.2%N/A
Total debt service, % of exports and primary income63.7%N/A
Adjusted net savings including particulate emission damage, % of GNIN/A5.6%
Gross savings, % of GDP14.9%22.1%
Gross capital formation, % of GDP31.9%23.4%
Total reserves including gold$1.2B$5.2B
Foreign direct investment net inflows$485.7M$2.6B

Exports, imports and economic structure

StatMontenegroSlovakia
Exports of goods and services, % of GDP42.9%96.1%
Imports of goods and services, % of GDP66.7%94.1%
Current account balance (balance of payments)-$943M-$2.8B
Revenue excluding grants, % of GDPN/A37.7%
Grants excluding technical cooperation, BoP$57.7M$183.9M
Personal remittances received$588.9M$2.1B
Industry including construction value added, % of GDP15.9%30.1%
Agriculture, forestry and fishing value added, % of GDP6.7%2.4%
Charges for the use of intellectual property, payments BoP$6M$749.1M
Charges for the use of intellectual property, receipts BoP$432k$55.5M
Expense, % of GDPN/A39%
Government Expenditure, % of GDP47.6%40.8%

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

Slovakia vs

CountryGDP
per capita
Population
Brunei
$32k
429k
South Korea
$31k
51.5M
Spain
$30k
46.7M
Malta
$30k
465k
Cyprus
$28k
1.14M
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
Saint Kitts and Nevis
$19k
55.3k
Lithuania
$19k
2.79M
Barbados
$18k
286k
Latvia
$18k
1.91M
Uruguay
$17k
3.46M
Trinidad and Tobago
$17k
1.37M
Antigua and Barbuda
$17k
102k
Seychelles
$16k
95.8k
Oman
$16k
4.83M
Hungary
$16k
9.94M
Venezuela
$16k
28.5M
Chile
$16k
18.1M
Palau
$16k
21.7k
Panama
$16k
4.1M
Poland
$15k
38.4M