IOM, IPU, ISO
(correspondent), ITU, ITUC, MIGA, OPCW, OSCE, PCA, PFP, SECI, UN,
UNESCO, UNHCR, UNIDO, UNMIL, UNWTO, UPU, WCO, WFTU, WHO, WIPO, WMO,
WTO (observer)

Diplomatic representation in the US:

chief of mission: Ambassador Miodrag VLAHOVIC
chancery: 1610 New Hampshire Avenue NW, Washington, DC, 20009
telephone: [1] (202) 234-6108
FAX: [1] (202) 234-6109
consulate(s) general: New York

Diplomatic representation from the US:

chief of mission: Ambassador Roderick W. MOORE
embassy: Ljubljanska bb, 81000 Podgorica, Montenegro
mailing address: use embassy street address
telephone: [382] 81 225 417
FAX: [382] 81 241 358

Flag description:

a red field bordered by a narrow golden-yellow stripe with the
Montenegrin coat of arms centered

Economy
Montenegro

Economy - overview:

Montenegro severed its economy from federal control and from Serbia
during the MILOSEVIC era and maintained its own central bank, used
the euro instead of the Yugoslav dinar as official currency,
collected customs tariffs, and managed its own budget. The
dissolution of the loose political union between Serbia and
Montenegro in 2006 led to separate membership in several
international financial institutions, such as the European Bank for
Reconstruction and Development. On 18 January 2007, Montenegro
joined the World Bank and IMF. Montenegro is pursuing its own
membership in the World Trade Organization as well as negotiating a
Stabilization and Association agreement with the European Union in
anticipation of eventual membership. Severe unemployment remains a
key political and economic problem for this entire region.
Montenegro has privatized its large aluminum complex - the dominant
industry - as well as most of its financial sector, and has begun to
attract foreign direct investment in the tourism sector.

GDP (purchasing power parity):

$5.918 billion (2007 est.)

GDP (official exchange rate):

$2.974 billion (2007 est.)

GDP - real growth rate:

7.5% (2007 est.)

GDP - per capita (PPP):

$3,800 (2005 est.)

GDP - composition by sector:

agriculture: NA%
industry: NA%
services: NA%

Labor force:

259,100 (2004)

Labor force - by occupation:

agriculture: 2%
industry: 30%
services: 68% (2004 est.)

Unemployment rate:

14.7% (2007 est.)

Population below poverty line:

7% (2007 est.)

Distribution of family income - Gini index:

30 (2003)

Investment (gross fix