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Montenegro

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Country summary

Capital

Podgorica

Borders

Albania 172 km, Bosnia and Herzegovina 225 km, Croatia 25 km, Kosovo 79 km, Serbia 124 km

Government type

republic

Population

672,180 (July 2010 est.)[1]

Population growth

-0.851% (2010 est.)[1]

Life expectancy

[1]

Unemployment

14.7% (2007 est.)[1]

Index of Economic Freedom

68[2]

Corruption Perceptions Index

69[3]

Doing Business ranking

71[4]


The use of the name Montenegro began in the 15th century when the Crnojevic dynasty began to rule the Serbian principality of Zeta; over subsequent centuries Montenegro was able to maintain its independence from the Ottoman Empire. From the 16th to 19th centuries, Montenegro became a theocracy ruled by a series of bishop princes; in 1852, it was transformed into a secular principality. After World War I, Montenegro was absorbed by the Kingdom of Serbs, Croats, and Slovenes, which became the Kingdom of Yugoslavia in 1929; at the conclusion of World War II, it became a constituent republic of the Socialist Federal Republic of Yugoslavia. When the latter dissolved in 1992, Montenegro federated with Serbia, first as the Federal Republic of Yugoslavia and, after 2003, in a looser union of Serbia and Montenegro. In May 2006, Montenegro invoked its right under the Constitutional Charter of Serbia and Montenegro to hold a referendum on independence from the state union. The vote for severing ties with Serbia exceeded 55% - the threshold set by the EU - allowing Montenegro to formally declare its independence on 3 June 2006.[1]

Economical characteristicsEdit

  • Currency: Euro (ISO code: EUR)
  • Central bank discount rate: [1]
  • Commercial banks lending rate: 9.24% (31 December 2008)[1]
  • Stock of money (M1): $816.8 million (31 December 2008)[1]
  • Quasi money (with M1 makes M2): $1.406 billion (31 December 2008)[1]


StatisticsEdit

Statistic / Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
GDP (million USD)[5] 982 1 159 1 282 1 704 2 074 2 257 2 696 3 843 4 891
Govt. debt (% of GDP)[6]
Govt. revenue (% of GDP)[7]
Govt. expenses (% of GDP)[8]
Debt to revenue (years)

ReferencesEdit

Note: statistical data was rounded. Different sources may use different methodologies for their estimates. Debt to revenue is calculated by dividing the two variables from their original ('unrounded') values. It represents how long it would a government take to repay its entire debt if it used its whole revenue for this purpose.

  1. 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 CIA - The World Facebook. "Montenegro", from The World Facebook. Referenced 2010-09-29.
  2. Heritage Foundation. "Montenegro", Economic Freedom Score. A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-09-29.
  3. Transparency International. "Montenegro", Corruption Perceptions Index 2009. A lower ranking is better; but please note that the numbers cannot be compared between countries or years due to different methodology. Referenced 2010-09-29.
  4. Doing Business. "Montenegro", Doing Business 2010 (part of The World Bank Group). A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-09-29.
  5. World Bank. "Montenegro: GDP", from World Bank Data. Referenced 2010-09-29.
  6. World Bank. "Montenegro: government debt", from World Bank Data. Referenced 2010-09-29.
  7. World Bank. "Montenegro: government revenue", from World Bank Data. Referenced 2010-09-29.
  8. World Bank. "Montenegro: government expenses", from World Bank Data. Referenced 2010-09-29.

External linksEdit

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