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Montenegro At-A-Glance

While still recovering from the pandemic, Montenegro is facing renewed headwinds. Growth is estimated at a strong 6.9 percent in 2022, led by private consumption. Inflation surged to new highs but its adverse impact on the cost of living was largely mitigated by an increase in real disposable incomes.

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Project in Montenegro

The World Bank

Additional Financing to MIDAS Project (US$ 3.84 mln)

The Project Development Objective is to expand capacity building in relevant institutions in Montenegro to manage public funds dedicated to agricultural support. Around 660 farmers, 60 percent of whom live in the poorer north, received IPARD-like grants to enhance their agricultural production.

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Montenegro in Figures

Open Data On selection, change the data Economic Outlook for the Western Balkans

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    The World Bank
    Christopher Sheldon

    Country Manager for Bosnia and Herzegovina, and Montenegro

    The World Bank
    Sanja Madzarevic-Sujster

    Senior Country Economist

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    Country Office Contacts

    Podgorica, Montenegro
    Bul. Džordža Vašingtona 98, 81000 Podgorica, Montenegro
    Tel: +382 20 665 353