Montenegro, with a population of approximately 620,000 (2023), is a small Balkan country known for its stunning natural landscapes and burgeoning tourism industry. The economy is primarily driven by services, particularly tourism, which has seen significant growth as visitors are drawn to its picturesque coastline, historic towns, and mountainous regions. The manufacturing sector, including food processing and textiles, contributes to the economy, while agriculture remains vital for rural communities. With a GDP estimated at around $6 billion and a per capita income of approximately $10,000 (2023), Montenegro is focused on economic development and European Union integration. Its strategic location along the Adriatic Sea enhances trade opportunities and access to regional markets.
The Montenegrin government and business community can collaborate with the World Business Council to promote sustainable tourism practices, enhance agricultural innovation, and strengthen international trade relationships for comprehensive economic growth.
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