Economy of Montenegro

In the 2007 Great Recession, economic growth slowed as several infrastructure projects, such as the development of Velika Plaža, Ada Bojana, Buljarica, Jaz Beach, and the construction of the Bar-Boljare motorway and new power plants, had to be postponed. The Port of Bar is the country's primary communication with maritime trade. Its terminal is specialized in bulk shipment of bauxite and other ores, grain, wood products, acetic acid, and petroleum derivatives. In 2019, its allowable draft was reported as 12.8m and several private storage tanks exist on site to service trade. Ro-Ro traffic from Bari and Ancona is handled through an operational quay which is 400m long with water depth of between 4m and 5.9m.

With 300km of coastline, backed by mountains, Montenegro is proving to be a desirable holiday destination and generated around 25% of Montenegro's GDP. Montenegro prefers luxurious and upscale projects to attract tourists, encouraging foreign investment to create the facilities.

Elektroprivreda Crne Gore (EPCG) is the mainly state-owned coal and power producer and distributor which owns two large hydroelectric plants and a coal-powered thermal power plant. Two wind power farms are in operation, Krnovo Wind Farm and Možura Wind Farm, which generate a total of 118MW. In June 2023, APCG obtained €82m finance to build the Gvozd wind farm, which will generate 54.6 MW. A new wind farm, the Bijela wind farm, is planned with a 118MW capacity following UAE-based Alcazar Energy acquiring the rights in 2023 to spend $200m building the farm. In 2023, Montenegro exported around €200m worth of electricity (2022 €140m), becoming the top export item for the country.

Since 2010, agricultural trade relations between the EU and Montenegro have been governed by the EU-Montenegro Stabilisation and Association Agreement, and with the exception of beef, sugar, and wine, all agricultural products originating in Montenegro can enter the EU duty-free. The EU has a large agri-food trade surplus with Montenegro, exporting meat, dairy, and food preparations. The EU mainly imports vegetables such as mushrooms, wine, and oils from Montenegro. It was reported by the EC Directorate-General for Agriculture and Rural Development in March 2019 that the share of agriculture in Montenegro's GDP was 8%. Agricultural land accounts for 38% of the total.