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. source: 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. This page provides the latest reported value for - Montenegro Competitiveness Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Montenegro Competitiveness Rank - values, historical data and charts - was last updated on May of 2021.

Competitiveness Rank in Montenegro is expected to reach 71.00 by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Montenegro Competitiveness Rank is projected to trend around 71.00 in 2021, according to our econometric models.

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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 Business Last Previous Highest Lowest Unit
Industrial Production 9.30 23.00 91.00 -51.40 percent [+]
Industrial Production Mom 4.60 10.10 34.10 -45.80 percent [+]
Manufacturing Production -3.70 -8.20 50.20 -40.50 percent [+]
Changes in Inventories 74058.00 113369.00 113369.00 -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 [+]
Corruption Index 45.00 45.00 46.00 23.00 Points [+]
Corruption Rank 67.00 66.00 106.00 61.00 [+]
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 [+]
Mining Production -7.60 8.90 200.00 -70.80 percent [+]


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.