Montenegro is the 73 most competitive nation in the world out of 140 countries ranked in the 2018 edition of the Global Competitiveness Report published by the World Economic Forum. Competitiveness Rank in Montenegro averaged 67.58 from 2008 until 2019, reaching an all time high of 82 in 2008 and a record low of 49 in 2011. source: World Economic Forum


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Montenegro Competitiveness Rank

Actual Previous Highest Lowest Dates Unit Frequency
73.00 71.00 82.00 49.00 2008 - 2019 Yearly


Montenegro Competitiveness Rank
The most recent 2018 edition of Global Competitiveness Report assesses 140 economies. In 2018, the World Economic Forum introduced a new methodology emphasizing the role of human capital, innovation, resilience and agility, as not only drivers but also defining features of economic success in the 4th Industrial Revolution. As a result, the GCI scale changed to 1 to 100 from 1 to 7, with higher average score meaning higher degree of competitiveness. The report is made up of 98 variables organized into twelve pillars with the most important including: institutions; infrastructure; ICT adoption; macroeconomic stability; health; skills; product market; labour market; financial system; market size; business dynamism; and innovation capability.

Montenegro Business Last Previous Highest Lowest Unit
Industrial Production -9.00 -6.30 91.00 -51.40 percent [+]
Industrial Production Mom 10.90 -5.20 34.10 -36.60 percent [+]
Manufacturing Production -36.10 -10.10 50.20 -40.50 percent [+]
Changes in Inventories 12495.00 20015.00 78057.00 -131872.00 EUR Thousand [+]
Internet Speed 6689.26 6279.44 6689.26 1489.80 KBps [+]
IP Addresses 73349.00 66352.00 82456.00 8417.00 IP [+]
Mining Production 16.50 28.90 200.00 -70.80 percent [+]
Competitiveness Index 60.82 59.62 60.82 3.90 Points [+]
Competitiveness Rank 73.00 71.00 82.00 49.00 [+]
Ease of Doing Business 50.00 50.00 77.00 42.00 [+]
Corruption Index 45.00 45.00 46.00 23.00 Points [+]
Corruption Rank 66.00 67.00 106.00 61.00 [+]