Montenegro 2004

Montenegro People

Montenegro is a Southern European state, in the north-western sector of the Balkan peninsula; it borders Croatia, Bosnia and Herzegovina, Serbia, Kosovo and Albania and overlooks the Adriatic from the Boka Kotorska to the mouth of the Boiana. According to CountryAAH, the total population in Montenegro is 628,077 people in 2020.

Economy

Inflation rate 2.40%
Unemployment rate 16.1%
Gross domestic product (GDP) $ 11,080,000,000
GDP growth rate 4.30%
GDP per capita $ 17,800
GDP by sector
Agriculture 7.50%
Industry 15.90%
Service 76.60%
State budget
Revenue k. A.
Expenditure k. A.
Proportion of the population below the national poverty line 6.6%
Distribution of household income
Top 10%
Lower 10%
Industrial production growth rate 4.50%
Investment volume 30.5% of GDP
National debt 67.20% of GDP
Foreign exchange reserves $ 599,600,000
Tourism 2014
Visitors 1,350,000
Revenue $ 959,000,000

Montenegro People

Population and economic conditions

The population is made up of Montenegrins (43%), followed by Serbs (32%), Bosnians (8%), Albanians (5%, mainly concentrated in the South-East of the country) and other groups; the majority of the population is Orthodox Christian and Muslims make up 17.8% of the total. Given the poverty of the soil, there was a strong exodus towards overseas countries or towards the fertile SE plains (especially Metohija, colonized on a large scale by Montenegrins). In addition to the capital Podgorica, which acts as a link between the pastoral and maritime regions, there are no notable centers; Karst basin centers are Cetinje and Nikšić, coastal Bar.

After the end of the political union with Serbia, Montenegro found itself facing serious economic difficulties, so much so that the intervention of some large international financial institutions was necessary, including the International Monetary Fund, the World Bank and the European Bank for Reconstruction and Development. Agriculture represents a minimal part of productive activities, as the morphological structure of the country, mainly mountainous, makes the areas destined for cultivation limited. Cereals, potatoes, tobacco, citrus fruits, grapes and olives are grown. Fishing is practiced in the waters of Lake Scutari, while sheep farming is widespread in the mountains. The modest industrial apparatus includes food, wood, steel and aluminum plants. The main Montenegrin resources are represented by the extraction and processing of bauxite (fields of Podgorica and Nikšić), and by the financial sector. Furthermore, tourism along the Adriatic coast is growing.

Montenegro has a road network of over 5000 km; less extensive is the railway network, the main route of which connects Bar (an active port) to Belgrade.

August

Even results in the parliamentary elections

August 30th

The ruling Socialist Party DPS gets the most votes in the parliamentary elections, but it is unclear whether it is enough to form a coalition government again. The result could be a change of power for the first time in Montenegro: the opposition alliance For Montenegro’s future may have a chance to form a government with two other party groups. DPS gets 35 percent of the votes and 30 of the 81 seats, while For Montenegro’s Future gets 32.5 percent and 27 seats. Other distribution of seats: the newly formed center alliance Peace is our nation (MNN) gets 10 seats, the Citizens’ Movement united the Reform Action (URA) 4, the Social Democrats (SD) 3, the Bosnian Party (BS) 3, Montenegro’s Social Democratic Party (SDP) 2, the Albanian list (AL) 1 and the Albanian Coalition (AK) 1 seat. According to abbreviationfinder, MW stands for Montenegro in text.