INTRODUCTION
Montenegro is located in southeastern Europe. It lies on the shores of Adriatic Sea and covers an area of 13,812 square kilometers. According to the last census in 2011 it has 620.029 residents.

Most of populations are Montenegrins, followed by Serbs, Bosnians, Albanians … Most of them are Orthodox Christians, Muslims and Catholics. The spoken languages are: Serbian, Montenegrin, Bosnian and Albanian.

Latin and Cyrillic, are equal.

Population density is 45.27/km2.

Capital and largest city is Podgorica. It has an area of about 1.500 km², which is 10,7 of the total territory of Montenegro. According to the census, in Podgorica lives 187.085 residents, which represents 30% of Montenegrin population. Most of Montenegrins (57.35%), Serb (5.13%) and Albanians (2,22). On the territory of Podgorica there are two municipal (Tuzi and Zeta) and 141 rural settlement with 66 local communities.

Currency of Montenegro is the euro.

GEOGRAPHY/TERITORY
Montenegro lies in the southwestern part of the Balkan Peninsula and exit to the Adriatic Sea.

Montenegro with its area of 13,812 square kilometers is bordering to the west with Croatian, to the north with Bosnia and Herzegovina, to the east with Serbia, to the south with Albania and with Italy shares the Adriatic Sea. The total length of the Montenegrin coast is 293.5 km, and the total length of the beach is 73 km. The longest beach is located in Ulcinj and is 12 km long.

The largest cities in Montenegro are Podgorica, Niksic, Pljevlja and Bijelo Polje.

Endpoints of Montenegro are to the north 43 ° 32’N, 18 ° 58 ‘E) – Kovac slopes of the mountain, of the Moćevići, to the south (41 ° 52’ N, 19 ° 22 ‘E) – at Ada Bojana, at the confluence of Bojana, to the east (42 ° 53 ‘N, 20 ° 21’ E) – near the village of Jablanica east of Rozaje and to the west (42 ° 29 ‘N, 18 ° 26’ E) – near the village of Sutorina near Herceg Novi.

Rivers of Montenegro belong to the Adriatic and the Black Sea basin. The longest river is Tara with a length of 141 km, in length stand out Zeta, Piva and Cehotina. The largest lake in Montenegro is Skadar Lake. The highest peak of Montenegro is Bobotov kuk (2,523 m).

The total number of islands, islets and rocks in Montenegro is 48.

In the south is Mediterranean climate, in the central and northern part is mountain climate, and in the far north is continental climate.

POPULATION
The population census in Montenegro was held in 2011 and according to it there are 620.236 residents in Montenegro. Of the total number there are 306.236 men or 49.4%, and 313.793 women or 50.6%.

Most of them are Montenegrins (278,865). Followed by Serbs (178,110) and Bosniaks (53,605).

The most common language is Serbian, followed by Montenegrin, Bosnian and Albanian.

According to the religion most of residents are Orthodox (446,858), Muslims (118,477) and Catholics (21,299).

Table 1. Population by age and etnicity, Population Census in Montenegro 2011

EthnicityTotal Age
0-910-1920-2930-3940-4950-5960-6970 and over unknown
Montenegrins278865336683759241894410633742437237245692534969
Serbs178110184492278722387231072490727566190081984257
Bosniaks 53605890588668138744969396233377532964
Albanians30439395047074176406541463753265429817
Muslims20537282231873118272128192763160414949
Croats6021385412562616850114010261030-
Bosnians4271025648485795030-
Bosniaks -Muslims1811733251832201521-
Montenegrins-Muslims1751626272124252016-
Montenegrins-Serbs18331561861972142183352662601
Egyptians20546535133282441609635232
Gorani19721363228431999-
Italians 135231711211716237-
Yugoslavs 11542148121144207252192169-
Hungarians3371711417046555146-
Macedonians900515412013316716912284-
Muslims-Bosniaks1831729242226271523-
Muslims-Montenegrins 2572233352734433825-
Germans131123111814282421-
Roma6251196415591010698520290147567
Russians9461005612022318515869341
Slovenians3541326134433587592-
Serbs-Montenegrins21032072242182632653472733051
Turkish1041381514162585-
Other335846434749954147943029623171
Regional qualification12028499169206188224114118-
Does not want to declare 301705320458052544320374134481839164919
Source: Statistical office of Montenegro

Table 2. Population by age and mother tounge, Population Census in Montenegro 2011

Mother tounge TotalAge
0-910-1920-2930-3940-4950-5960-6970 and overunknown
Montenegrin 229251300123363232951321093062829764193932071250
Serbian 265895275153408138422361203604639612270312698583
Bosnian 33077564054464944470042963662226621194
Albanian 32671459452024580428843183897271830659
Croatian 2791141162209262429512522554
Montenegrin-Serbian3694321434452694849
English1853816293129201651
Croatian -Serbian224272155525730
Bosniaks36626175535085434324453022611
Hungarian225115244129364039
Macedonian52913228386101947753
Mother tongue 3318890835264420342283154130
German1299342219272520
Roma516916241303820572430233131515
Romanian10113131025196645
Russian10261086413625919117264311
Slovenian 10733296203034
Serbo-Croat 12559353338924256825532757163114323
Serbo-Montenegrin 6185960828787928170
Other291752622535040637540527928566
Regional languages 4583631666455885662
Does not want to declare247485135344741513697309325901390122520
Source: Statistical office of Montenegro

Table 3. Population by age and religion, popualtion Census in Montenegro 2011

Religion TotalAge
0-910-1920-2930-3940-4950-5960-6970 and over unknown
Orthodox 4468585205759379627646324561157628674198943271129
Catholics 21299209525382770266129713147250326077
Islam1184771887719561180091602415287140518622802224
Adventist89422184921227388708163
Agnostic 4519391147358814631-
Atheist 766725558611179729611497112411514
Buddhist1182125122131341-
Christians 1460117162271209219236136110-
Jehovah witness1456221126452357-
Protestants143177183618211862
Other religions63376797427617787929337159316
Does not want to declare16180304523322631220619911879108599813
Source: Statistical office of Montenegro

Table 4. Population by mother tounge and religion, Population Census in Montenegro 2011

/ Mother tounge TotalReligion
AdventistAgnostic Atheist BuddhistChristians Islam Jehovah witnessCatholics Does not want to declareOther religionsOrthodox Protestants
Albanian 3267142164624210781719261575
Bosnian 33077328132814293427141
Bosniaks36624362014321
Montenegrin 229251109315504345668489124966983052268616164034
Montenegrin-Serbian369128101755321
English18511422462822145321
Croatian 279117901199425023971084
Croatian -Serbian224128421049175
Hungarian2257131182108112
Macedonian529191359251439
Mother tongue 331834117243279952528211
Does not want to declare24748982136548992949610834104120942
German129467347882620
Other29176614106244145623638336180214
Regional languages 458130187118312201311
Roma51692419392036535374
Romanian1011222193
Russian102621261247341559371
Slovenian 10716469108
Serbian 265895827013022942623852011701431231625663232
Serbo-Montenegrin 61844176105572
Serbo-Croat 125591736673710955420112637411595226
Source: Statistical office of Montenegro

Table 5. Population of Montenegro by age and sex, Population Census in Montenegro 2011

AgeNumber of populationin %
TotalMaleFemaleMaleFemale
CRNA GORA / MONTENEGRO620 029306 236313 79349.450.6
0-438 95020 36118 58952.347.7
5-938 43020 01618 41452.147.9
10-1441 37121 38919 98251.748.3
15-1944 09322 81521 27851.748.3
20-2442 81622 08420 73251.648.4
25-2945 79323 29922 49450.949.1
30-3444 49522 18822 30749.950.1
35-3941 87920 52321 3564951
40-4440 49620 13620 36049.750.3
45-4943 08921 40121 68849.750.3
50-5443 61321 81721 7965050
55-5941 22320 50920 71449.850.2
60-6434 19615 94118 25546.653.4
65-6922 1219 77412 34744.255.8
70-7425 14110 90914 23243.456.6
75-7917 1847 2519 93342.257.8
80-8410 0214 0505 97140.459.6
85-893 7391 3242 41535.464.6
90-958852836023268
95-992026114130.269.8
100 and over44133129.570.5
Unknown2489215637.162.9
0-546 11424 12321 99152.347.7
6-1581 70042 33439 36651.848.2
15-1944 09322 81521 27851.748.3
0-17145 12675 36769 75951.948.1
18 i više /18 and over474 655230 777243 87848.651.4
0-14118 75161 76656 9855248
15-64421 693210 713210 9805050
65 i više /65 and over79 33733 66545 67242.457.6
Source: Statistical office of Montenegro

GOVERNMENT
The authority in Montenegro is divided into legislative, executive and judicial power. It is limited by Constitution and law. The citizen shall exercise power directly and through freely elected representatives.

Legislative in Montenegro is done by one home Assembly. Assembly is the representative body of citizens, consisting of deputies elected by the citizens through direct and by secret voting, based on universal and equal suffrage.

The current president of the Parliament of Montenegro, Ivan Brajović.

Prophet is elected on six thousand voters in Montenegro as a single constituency, on the basis of electoral lists submitted by: a political party (party electoral list), a coalition of political parties (coalition electoral list) and a group of citizens (electoral list of a group of citizens).

The Government of Montenegro, which represents the executive authority elected by the majority of Councilors. It consists of the president, one or more Vice Presidents and ministers.

The current Prime Minister of Montenegro Duško Marković.

President of Montenegro is elected by universal and equal suffrage, direct and secret voting.

The current President of Montenegro Filip Vujanović.

The Court is a state body that exercise judicial power.

Ministries and administrative bodies in the ministry:
Ministry of Justice
Ministry of the Interior
Ministry of Defence
Ministry of Finance
Ministry of Foreign Affairs
Ministry of Education
Ministry of Science
Ministry of Culture
Ministry of Economy
Ministry of Transport and Maritime Affairs
Ministry of Agriculture and Rural Development
Ministry of Sustainable Development and Tourism
Ministry of Health
Ministry of Human and Minority Rights
Ministry of Labor and Social Welfare
Ministry of Public Administration
Ministry of Sports
Ministry of European Affairs

ECONOMY
Today’s economy of Montenegro is one of the most developed and most stable in Balkan. It is based on small and medium enterprises that generate more than half of GDP.

According to the latest data of Employment Agency of Montenegro, the number of unemployed amounted 52.630 and it increased to 22.68%. From the beginning of 2017 1.490 of unemployed people are recorded.

Average gross salary in February 2017 in Montenegro amounted to 767 euro, while the average earnings without taxes and contributions (net) amounted to 511 euro.

The highest growth was recorded by profits in the following sectors of activity:

Accommodation and food services (6,5%), arts, entertainment and recreation (2,4%), financial and insurance activities (2,2%), professional, scientific and technical activities (2,0%), administrative and support service activities (1,9%), education (1,7%), electricity supply (1,6%), agriculture, forestry and fishery (1,5%).

Montenegro is a member of the World Trade Organization.

Free Trade Agreements that Montenegro has signed with the European Union, EFTA, CEFTA, the Russian Federation, Turkey and Ukraine, Montenegrin companies allow access to the market of over 800 million people.

Table 1. Number of unemployed persons and unemployment rates by ILO

Year, quarter Unemployed persons Unemployment rate    
TotalMen Women TotalMenWomen
u 1?000u %
200577.837.440.330.326.235.5
200674.841.233.629.629.130.1
200751.127.024.019.418.120.9
I quarter 200846.725.920.918.017.518.6
II quarter 200849.127.022.118.317.818.8
III quarter 200842.221.620.616.014.617.8
IV quarter 200843.222.720.616.315.018.2
200844.824.020.816.815.917.9
I quarter 200951.627.624.119.518.421.1
II quarter 200949.826.323.419.017.820.5
III quarter 200948.626.322.318.217.519.1
IV quarter 200953.428.425.020.319.221.8
200950.426.923.519.118.020.4
I quarter 201051.527.224.319.918.821.2
II quarter 201050.027.322.719.819.020.9
III quarter 201050.527.523.019.218.520.2
IV quarter 201051.628.123.519.718.920.7
201051.327.823.519.718.920.7
I quarter 201150.027.322.721.220.422.2
II quarter 201149.426.922.519.919.121.0
III quarter 201149.127.221.819.519.219.8
IV quarter 201142.924.019.018.118.417.7
201148.126.521.619.719.520.0
I quarter 201250.328.222.120.720.820.6
II quarter 201249.127.022.120.019.720.4
III quarter 201248.925.623.318.818.219.5
IV quarter 201251.328.522.820.620.820.4
201249.426.822.619.719.320.3
I quarter 201353.632.321.321.523.419.2
II quarter 201348.728.220.419.220.317.8
III quarter 201345.725.520.217.817.817.9
IV quarter 201347.725.322.419.518.720.4
201348.927.821.119.520.018.8
I quarter 201449.126.622.519.118.819.6
II quarter 201449.526.622.918.517.919.1
III quarter 201443.724.219.416.416.416.2
IV quarter 201447.626.021.618.118.218.0
201447.525.921.618.017.818.2
I quarter 201546.825.821.018.218.417.9
II quarter 201548.626.921.717.718.017.4
III quarter 201545.523.821.716.515.817.4
IV quarter 201547.827.720.117.918.916.6
201547.226.021.117.617.717.3
I quarter 201651.229.022.219.119.818.2
II quarter 201647.627.020.717.517.917.1
III quarter 201647.127.519.616.917.715.8
IV quarter 201647.326.620.717.517.717.3
201648.327.520.817.718.217.1
Source: Statistical office of Montenegro

Table 2. Employees by activity sectors


Montenegro
BY ACTIVITY SECTORS                     
TotalAgriculture, forestry and fishing Mining and quarrying Manufacturing Electricity ,Gas Steam and air conditioning supplyS Water supply,sewerage,waste management and remediation activities Construction Wholesale and retail trade, repair of motor vehicles and motor recycles Transport and storage Accomodation and food service activities Information and communication Financial and insurance activities Real estate activitiesProfessional, scientific and technical activitiesAdministrative and support service activities
Public administration and defence, compulsory social security
Education Human health and social work activitiesArts, Entertainment and recreation
Other service activities
? 20101617422224204115254289446048024374789315109894703416912266234297418793122821094542543339
? 20111630822292197514368282545978049378209188124294718418312716370334719195122231056542113456
? 20121665312505189313041309446278360376859384132094831432613356927373919861131011086942883456
? 20131714742771187412879303147738463374569935143334887446714007190497520541132501100146113637
? 20141735952686183611964288450709019359869789141824844425816157405781121003133631128846883904
? 20151756172552180511291282650519298364879970143934923436117187702805521040135751148249804108
? 2016177908231215621119726574951101123657610405146845050440316507943855421134137591169551224142
Source: Statistical office of Montenegro

MARKET
Montenegrin market is still small, having in mind the size of the country and its financial strength. Law doesn’t make difference between domestic and foreign investors, and it provides them the same rights.

Turnover of goods in retail trade in February 2017 compared to the same month last year increased by 4,7 percent in the current and 3,4 percent in constant prices.

In the first two months of 2017 the rate of turnover in retail trade in the same period of 2016 stood at 4,9 percent in current prices and 3,8 percent in constant prices.

The highest share in the total turnover of Montenegro has food segment, the largest growth was recorded in retail trade of automotive fuel.

Table 1. Domestic trade

 IndexTurnover in thous. €     
201178,6976 612
201283,91 041 651
201393,41159472
201495,71188927
2015100,01241962
Ø I - X 2015100,7104195
Ø I – X 2016104,6108233
2015
I75.878438
II76.679312
III86.989971
IV88.791806
V93.897070
VI103.6107244
VII123.4127741
VII139.2144106
IX118.2122306
X100.4103960
XI91.894991
XII101.5105017
2016
I 78,481128
II79,682382
III 89,392453
IV92,495650
V97,8101220
VI108,3112132
VII128,3132742
VIII145,1150139
IX122,7126960
X(p)103,9107527
I - X 2016/I - X 2015103,9
Source: Statistical office of Montenegro

INDUSTRY
The industrial sector is of great importance for Montenegro because according to the analysis of the European Commission, for every 100 open seats in the industry, opens between 60 and 200 jobs in activities that are associated with the industry. Data from 2014 show that the industry in Montenegro accounted for 11% of GDP, and it is in this sector were almost 24,000 employees.

The share of manufacturing in industrial production of 3.9% in GDP in Montenegro is low even for European standards.

Most attention is paid to the production of beverages, tobacco products, garments, wood products, manufacture of chemicals and chemical products, rubber and plastics, production of metal products, furniture manufacturing …

Table 1. Indices of industrial production – by division

INDEKSI INDUSTRIJSKE PROIZVODNJE – po sektorima
I NDICES OF INDUSTRIAL PRODUCTION – by sectors
           
NACE Rev.2INDUSTRIJA Ukupno
INDUSTRY
Total
Vađenje ruda i kamena
Mining and quarrying
Prerađivačka industrija
Manufacturing
Snabdijevanje električnom energijom, gasom i parom
Electricity, gas,steam and air conditioning supply
201294,696,594,095,2
2013104,695,189,4132,1
201492,7108,883,4106,2
2015100,0100,0100,0100,0
Ø I – XI 2015100,299,7100,4100,1
Ø I – XI 201694,679,291,6102,1
2015
XI115,6104,7127,097,7
XII97,4103,696,099,1
2016
I83,690,667,1111,0
II85,058,681,395,2
III113,761,4107,6131,9
IV89,162,373,7119,5
V85,640,985,193,1
VI90,853,7107,767,2
VII96,288,1100,689,9
VIII96,996,9104,084,8
IX98,4109,699,994,3
X96,1103,590,2105,1
XI105,3106,190,3130,9
I-XI 2016/I-XI 201594,479,591,3102,0
Source: Statistical office of Montenegro

FOREIGN TRADE
In 2015, the trade deficit of Montenegro amounted to one billion and 523 million euros. According to Monstat data, the total export of Montenegro amounted to 317 million euros, while imports were six times higher and amounted to 1.84 billion euros. Export-import ratio stood at 17.2%.

It is significantly increased the export of oil and oil products, beverages, iron and steel, while it is reduced exports of mineral ores, scrap metal and electricity.

It is increased imports in the category of machinery and transport equipment as well as the import of fruits and vegetables, while it is reduced import of oil products due to the global decline in prices.

The largest foreign trade partner of Montenegro is Serbia.

Table 1. Foreign trade exchange in Montenegro by months

PERIODIMPORTEXPORTTRADE BALANCE
2015
January 1755512.6431225958.94553-60052.89088
February121462.9959523251.62504-98211.37091
March149578.8267925320.20985-124258.61694
April154571.471717475.99739-137095.47431
May153423.0552316663.36102-136759.69421
June196206.7493835655.03513-160551.71425
July196441.5659122272.27609-174169.28982
August166358.4512824933.14635-141425.30493
September159467.1654827372.64514-132094.52034
October149983.1552526222.89347-123760.26178
November140458.0029229642.6041-110815.39882
December167561.2032342403.13566-125158.06757
Source: Statistical office of Montenegro

INVESTMENT
During 2016, the total inflow of foreign direct investments in Montenegro amounted to 550 million euros. Most of investments were from Norway (188 million), Italy (47 million) and Russia (37 million). Investors are mostly investing in real estate, local companies and banks.

What potential investors most attracted to invest in Montenegro is monetary and macroeconomic stability, growth of economic freedom, geographical location and favorable climate conditions, and certainly favorable tax policy (9% income tax, 7/19% VAT, income tax 9 % and 15%).

Although Russia has for years been dominant in the total inflow of foreign investments in Montenegro, the situation has changed in the last year because of Norway invested a total of 188 million euros.

From the countries in the region in Montenegro the most has invested Serbia (14 million) and Slovenia (13 million euros). From Bosnia and Herzegovina totally is invested 9.3 million, mostly in the banking sector and domestic companies. Croatia has invested 2.6 million euros, and from Macedonia to Montenegro is invested half million euros.

In the first nine months of 2016 from Montenegro excellent totaly 270 million euros. Net inflow of foreign direct investment, or the difference between their inflow and outflow, amounted to 281.9 million euros.

ENERGY
It is estimated that the utilization of available hydro potential energy in Montenegro is only 17%, and that coal is, beside hydro potential, the most important resource. In addition there is a high share of unused renewable energy sources of sun, wind and biomass.

According to various parameters, it is the energy one of the key sectors in which Montenegro has great potential through which it can increase exports.

The total installed power of the active power EPCG is 874 MW, with 649 MW in hydroelectric power plants, and in the power plant of 225 MW.

The total production of electricity in Montenegro in 2017, on the threshold of power plant is planned to 3359 GWh, which is more of assessment realization in 2016 of 9.8%.

Plan on spending for 2017 in export amounts 2,471 GWh, 1.3% less than the estimates of achievements in 2016.

TRANSPORT
Montenegro has developed rail, road, air and maritime traffic and Podgorica as the capital represents a traffic hub in the country.

According to the Statistical Office of Montenegro, the last quarter of 2016 compared to the last quarter of 2015, records increase of transportation of passengers in road transport by 0.1%, at airports for 16.5%, maritime transport 0.8% while the decrease was recorded in railway transport by 5.6% and regular air transport by 0.8%.

The transport of goods in the fourth quarter of 2016, compared to the same quarter of the previous year, growth was recorded at the railway for 252.9% of the total traffic of goods in ports by 33.0%. The decrease was registered in the Maritime for 14.0%, while the transport of goods at airports remained at the same level.

Number of registered road motor vehicles and trailers in the fourth quarter of 2016 amounted to 54,255, which is 8.9% more than in the same quarter of 2015.

Number of first time registered road motor vehicles and trailers in the fourth quarter of 2016 amounted to 4,884, which is 14.8% more than in the same quarter of the previous year.

AGRICULTURE
Montenegro has 516,000 hectares of agricultural land which makes 38% of its territory. The largest part consists of pastures with 355,436 hectares or 62%, and the waste toppers 128,621 hectares or 25%. For the rural population agriculture is the most common activity. It makes a little less than 10% of GDP in Montenegro.

At the north of Montenegro mainly bred cattle, sheep and goats. At coast dominates production of olives and fruits. When it comes to the central part of Montenegro, dominant are potatoes, tobacco and wine production which is the largest export product of the food sector.

Montenegro is rich with lake and sea fish. According to statistics, the total production of fish in all farms per year is over 500 tons.

Table 1. Sale and buying out of products from agriculture, forestry and fishery

Crna Gora
Montenegro

Indeks Index ? 2015=100
Ukupna vrijednost Total valuePoljoprivreda i šumarstvo / Agriculture and forestryRibarstvo Fishery
Žita
Cereals

Industrijsko bilje Industrial crops
Povrće1) Vegetables
Voće Fruit

Grožđe Grapes

Prerađevine voća i grožđa Products of fruit and vine
Stoka
Livestock

Živina i jaja Poultry and eggs

Mlijeko i mliječni proizvodi Milk and milk products

Koža i vuna Leather and wool

Ostali proizvodi Other products


Riba svježa Fresh fish

201285,527 0382161451 6861 9351 59717812 4712 7753 397357851 818
201390,628 6521341282 9803 5081 157579 9113 6224 648128811 614
201496,430 4711103563 3533 5821 392748 4683 4576 7145349291 502
2015100,031 6161202783 9372 8151 8661288 9783 3537 01641 7791 342
2015
XI97,82 5771326257202-141 004203619416966
XII93,42 4621217234177-26847221586-160182
2016
I69,11 8201312719233-3422247520-141122
II68,21 7961343298177-10273215556-14170
III82,82 1811112457272-15354250555-16689
IV102,82 709139163196-16646328558-177153
V93,32 4591164576262-10514167575-161119
VI103,82 7341342671233-26021825872237163
VII140,83 710116493151644817461255588-194225
VIII139,33 67113456793221 010172532516284239210
IX114,63 0191224481505542702231565-215138
X115,33 03813123142611171 356226557-181100
XI82,52 1731354283247-15587211544-15465
I - XI 2016
I - XI 2015
100,5100,5125,9213,0148,097,4108,4111,875,981,896,9150,0123,9125,3
1) Uključeni i krompir i pasulj.
1) Includes potatoes and beans
Source: Statistical office of Montenegro

TOURISM
Tourism is the most important economic activity of Montenegro, which is increasingly popular with tourists from different parts of Europe and the world.

According to the last data, during 2016, in Montenegro there were 1.813.817 tourist visits, and 11.250.005 overnight stays were recorded. Compared to 2015 the number of tourists has increased by more than 100.000 and generated nearly 200.000 more nights.

Specifically talking about December 2016, in Montenegro there were mostly tourists from Russia (24.5%), Serbia (20.5%), Albania (9.1%), Bosnia and Herzegovina (8.6%) , Kosovo (6.5%), Ukraine (4.8%), Croatian (3.1%) and Macedonia (3.1%).

Most nights were realized in seaside resorts (76%), then in Podgorica (10.7%), in other tourist resorts (7.5%), while the lowest were tourists in mountain resorts (5.8%).

Table 1. Tourist arrivals and tourist overnight stays by type of place


Montenegro
Arrivals Nights         
Capital Coastal resorts Mountain resorts Other tourist resorts Other places Capital Coastal resorts Mountain resorts Other tourist resorts Other places
201153,4801,245,34049,18424,547903103,6368,493,955107,50668,2491,825
201252,8891,301,39652,50330,7851,927102,8758,858,226110,17276,0023,961
201365,1361,348,39451,27125,6691,536116,5329,128,809107,54856,1362,918
201470,6921,369,77545,07030,4801,359128,1159,258,01790,34175,1542,156
201584,0781,529,07363,50335,0431,412155,41010,687,914127,44881,9822,193
2015
I4,8818,4444,6581,5227910,09345,74811,8596,795148
II4,72010,5704,7421,408478,54753,24111,0814,91761
III6,03013,7512,2332,1167410,86066,6844,9685,393116
IV5,88133,0222,1612,64110310,567125,3753,4475,362155
V8,57984,5843,9812,70213414,145409,0426,8517,352212
VI8,677162,7576,3133,19417015,2791,116,23411,7617,526218
VII8,234421,0318,7214,32015517,2883,181,31917,78310,462231
VIII7,902519,35315,0235,10221715,8313,946,96031,30810,872315
IX8,976211,6287,9034,50314215,3661,402,65313,9778,868239
X8,42535,9293,1123,55610216,846195,1395,2946,723138
XI6,26714,3338542,71811010,93685,9271,8725,191212
XII5,50613,6713,8021,261799,65259,5927,2472,521148
? I - X 20157,231150,1075,8853,10612213,4821,054,24011,8337,427183
? I - X 20168,363157,3846,7493,39815715,2041,066,62213,5108,504257
2016
I4,3519,7454,6531,3796910,00857,79912,4874,355135
II5,25511,8533,9571,458849,18563,2019,2213,896149
III6,41915,9372,6803,2634411,38174,1325,8747,31568
IV7,05736,7002,4092,45813012,166135,5914,5486,678202
V9,15687,5834,9493,11016615,772420,8568,8207,592274
VI8,964167,1116,8983,95317315,3571,161,51014,3239,982262
VII10,365427,5729,2614,71721118,3123,095,05318,66911,825381
VIII10,316548,92318,2835,45629822,8243,964,82135,94814,326419
IX11,305223,79310,4834,73122619,0021,464,73118,58911,363398
X10,44444,6233,9133,45316918,028228,5266,6197,707282
I - X 2016/ I - X 2015115.7104.8114.7109.4128.4112.8101.2114.2114.5140.2
Source: Statistical office of Montenegro

Table 2. Tourist arrivals and tourist overnight stay


Montenegro
ArrivalsNights       
Total Domestic ForeignTotal DomesticForeign
20111,373,454172,3551,201,0998,775,171956,3687,818,803
20121,439,500175,3371,264,1639,151,2361,008,2298,143,007
20131,492,006167,6031,324,4039,411,943997,7288,414,215
20141,517,376167,0791,350,2979,553,783957,1278,596,656
20151,713,109153,1851,559,92411,054,947747,57610,307,371
2015
I19,5845,48214,10274,64319,08555,558
II21,4875,05816,42977,84719,85957,988
III24,2045,34318,86188,02119,29568,726
IV43,8086,68337,125144,90620,665124,241
V99,98012,75887,222437,60249,169388,433
VI181,11117,817163,2941,151,01889,6351,061,383
VII442,46124,567417,8943,227,083143,1443,083,939
VIII547,59737,638509,9594,005,286246,7683,758,518
IX233,15218,046215,1061,441,10375,0751,366,028
X51,1249,24441,880224,14032,793191,347
XI24,2825,14519,137104,13817,93486,204
XII24,3195,40418,91579,16014,15465,006
? I - X 2015166,45114,264152,1871,087,16571,5491,015,616
? I - X 2016176,05113,844162,2071,104,09668,2761,035,820
2016
I20,1975,49614,70184,78419,06265,722
II22,6074,86617,74185,65218,49067,162
III28,3436,49321,85098,77021,74377,027
IV48,7546,73642,018159,18522,111137,074
V104,96410,66794,297453,31436,615416,699
VI187,09915,687171,4121,201,43478,4671,122,967
VII452,12623,575428,5513,144,240137,8733,006,367
VIII583,27638,042545,2344,038,338237,1923,801,146
IX250,53818,589231,9491,514,08384,2981,429,785
X62,6028,28954,313261,16226,907234,255
I - X 2016/I - X 2015105.897.1106.6101.695.4102.0
Source: Statistical office of Montenegro

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