Country Profile

Montenegro is a parliamentary democracy and has an upper middle-income economy. Of the remaining six Western Balkan countries which are yet to join the EU, Montenegro has come furthest in the accession process. 

The development of the social economy, cooperatives, social enterprises and social entrepreneurship which found themselves in a situation marked by their unfavourable position and image and the insufficient knowledge, in the country, of development trends and international practices, has been characterised by a number of prejudices and stereotypes. Primarily, there is a prejudice that these concepts are linked to the former socialism, which failed, and that social enterprises should be seen exclusively as part of the civil-society sector, while cooperatives should be developed only in agriculture.

The strongest impetus to the development of the social enterprises concept may be linked to two factors, namely the process of integration into the EU and the necessity to fill the gaps that cannot be covered by the welfare state due to budget restrictions and the low level of efficiency of state institutions.

Country Facts and Figures [MNE]

Indicator  Value  Source 
Population 621,718 WB, 2020
Human Development Index  0.816 HDI, 2021
GDP (current US$) (billions) 4.778 WB, 2020
GDP growth -15.16 WB, 2020
GNI per capita, PPP ($) 20,870 WB, 2020
Foreign direct investment, net inflows (BoP, current US$) (millions) 418 WB, 2019
Domestic credit provided by financial sector (% of GDP) 73.4 TE, 2018
Tax revenue (% of GDP) 20.9, 2020
Unemployment rate 17.9 MONSTAT, 2020
Unemployment rate (male) 17.5 MONSTAT, 2020
Unemployment rate (female) 18.4 MONSTAT, 2020
Unemployment rate (youth 15-24 years) 36 WB, 2020
Employment rate (male) 66.7 Eurostat, 2018
Employment rate (female) 52.9 Eurostat, 2018
Average monthly net wage (EUR) 515 MONSTAT, 2019
Poverty rate  33.1 MONSTAT, 2019
Child Poverty Rate (ages 0-17) 38.4 MONSTAT, 2019
Households with internet access (%) 74.3 MONSTAT, 2019
Sources: * Human Development Index, 2021 * World Bank, 2019 & 2020 * MONSTAT, 2019 & 2020 * Eurostat, 2018