Montenegro: Selected Issues

March 8, 2016

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Format: Chicago

Montenegro: Selected Issues, (USA: International Monetary Fund, 2016) accessed November 21, 2024

Summary

This paper focuses on Montenegro’s export sector performance and challenges. Montenegro has run a persistent trade deficit since its independence. Montenegro’s goods exports have decreased, while goods imports have been more or less stable. A comparison reveals a relatively weak recovery of goods exports for Montenegro. Montenegro’s goods exports to the euro area have declined over time despite euroization. Foreign demand explains services exports well, but less so goods exports. Business climate surveys indicate high nonprice barriers in Montenegro’s export sector. The share of high-value-added export goods has been diminishing over time. Services exports also signal narrow productivity gains. Weak productivity growth may hinder the export sector.

Subject: Export performance, Exports, International trade, National accounts, Personal income, Service exports

Keywords: CR, Demand model, Export demand equation, Export destination, Export goods, Export performance, Export sector, Export share, Exports, Exports goods value, Global, Goods, Goods export, ISCR, Montenegro, Personal income, Service exports

Publication Details

Pages:

13
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/080
Stock No:

1MNEEA2016002
ISBN:

9781513554280
ISSN:

1934-7685

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