About Montenegro's economy

Montenegro's economy is small and open, with a GDP of US$5.86 billion in 2021. The country is heavily reliant on tourism, which accounts for about 25% of GDP. Other key sectors include aluminum production, agriculture, and energy. Montenegro is a member of the World Trade Organization (WTO) and has a relatively open trade regime. The country's main trading partners are the European Union (EU), Serbia, and Russia. Government procurement is a significant source of demand for goods and services in Montenegro. In 2021, the government procured goods and services worth US$1.2 billion.

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