Diplomatic representation from the US:
chief of mission: Ambassador (vacant); Charge d'Affaires Arlene
FERRILL
embassy: Ljubljanska bb, 82000 Podgorica, Montenegro
mailing address: (use street address)
telephone: [381] 81 225 417
FAX: [381] 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:
The republic of Montenegro severed its economy from federal control
and from Serbia during the MILOSEVIC era and continues to maintain
its own central bank, uses the euro instead of the Yugoslav dinar as
official currency, collects customs tariffs, and manages 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 January 18, 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):
$3.394 billion (2006 est.)
GDP (official exchange rate):
$4.744 billion (2006 est.)
GDP - real growth rate:
NA
GDP - per capita (PPP):
$3,800 (2005 est.)
GDP - composition by sector: agriculture: NA% industry: NA% services: NA%
Labor force: 259,100 (2004)