Montenegro

Country Risk Rating

HIGH RISK for enterprise

Economic risk
Business environment risk
Political risk
Commercial risk
Financing risk

Economic risk
Business environment risk
Political risk
Commercial risk
Financing risk

The country risk assessments are your North Star metrics to make the right decision for your business and understand the risks in international trade. We have always the best solution for your needs

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GDP	USD4.77bn (World ranking 159, World Bank 2020)
Population	0.6mn (World ranking 167, World Bank 2020)
Form of state	Parliamentary republic
Head of government	Zdravko KRIVOKAPIC (Prime Minister)
Next elections	2023, presidential

EU accession candidate country; accession talks promote economic development
Use of the euro will keep inflation under control in the next few years
Strong tourism potential

Small economy vulnerable to external shocks
Perceived corruption remains a concern for business operations
Use of the euro has limited external competitiveness and reduced the country’s ability to deal with external shocks
Large fiscal deficits over the past decade have pushed public debt to over 70% of GDP
Unsustainably high, double-digit current account deficits make the country heavily reliant on capital inflows (including grants)
Very high gross external debt (around 160% of GDP)