Lewes, DE -- (SBWIRE) -- 02/28/2018 -- As per International Monetary Fund (IMF) Montenegro's nominal gross domestic product is expected to grow at a CAGR of 4.54% from it's 2015 level of Euro 3.625 billion and reach Euro 4.945 billion by 2022.

Montenegro, a country located in Southeast Europe, is bordered by the Adriatic Sea to the southwest, Croatia to the west, Bosnia and Herzegovina to the northwest, Serbia to the northeast, Albania to the southeast, and Kosovo to the east. Montenegro is divided into 23 municipalities, with Podgorica as the capital. The official language is Montenegrin, and the currency is the euro (EUR).

Montenegro had estimated population of 0.623 million in the year 2016 and expected to reach 0.625 million by 2022, growing at a CAGR of 0.07%.

Montenegro's real gross domestic product (GDP) was around Euro 2.753 billions in 2016 whereas the nominal GDP was Euro 3.729 billions. This resulted in GDP deflator 135.459. Per capita GDP was estimated at USD 6628.56 whereas purchasing power parity (PPP) based per capita GDP was estimated to be at USD 16643.18.

In 2016, Montenegro government's revenue was Euro 1.637 billions whereas the expenditure was Euro 1.835 billions. This resulted Montenegro government's net lending / borrowing negative at Euro 0.199 billion in 2016 indicating that enough financial resources were not made available by the government to boost economic growth.

The current account balance for Montenegro was estimated to be negative at USD 0.788 billions for the year 2016 and is expected to decline at a CAGR of 7.51% and reach USD 0.89 by 2022. This negative current account balance indicates the Montenegro is a net borrower from the whole world.

Scope of the Montenegro PESTEL Analysis, SWOT Analysis and Risk Analysis Market Research Reports
- These reports provide information about key macroeconomic indicators for Montenegro.
- These reports provide PESTELE (political, economic, social, technological, environmental and legal) analysis for Montenegro.
- These reports provide SWOT (strengths, weaknesses, opportunities and threats) analysis for Montenegro.
- These reports provide risk analysis for Montenegro.

For more information and to purchase Montenegro PESTEL Analysis Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/montenegro-pestel-analysis-market-research-report

For more information and to purchase Montenegro SWOT Analysis Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/montenegro-swot-analysis-market-research-report

For more information and to purchase Montenegro Risk Analysis Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/montenegro-risk-analysis-market-research-report

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