Montenegro among leading countries in Europe by growth rate

In the past two years, Montenegro has been among the leading countries in Europe by the economic growth rate. The unions claim that this doesn't reflect on the financial being of most citizens, whereas the government says that the living standard grows each year.

The Government of Montenegro has announced 2019 as a year of the growth of the living standard. Encouraged by the high rates of growth of the gross domestic product (GDP) in 2017 and 2018 of over 4%, Prime Minister Dusko Markovic said that salaries and pensions were expected to grow next and that the overall standards of all citizens of Montenegro was expected to improve. However, several price increases in the past few months have put the government's plan to the test.

The average salary has grown only slightly in 2019 and currently stands at EUR 514, whereas the pensions have increased by 2%, but there has also been an increase in the price of electricity in the meantime, with another one already announced, amounting to 5.4% in total, while potentially being much higher for certain citizens. Furthermore, fuel prices have jumped twice this month, with the most expensive one exceeding EUR 1.4 per liter.

Vlada Crne Gore

Unija slobodnih sindikata Crne Gore

Government of Montenegro

Union of Free Trade Unions of Montenegro

economic growth of Montenegro

Dusko Markovic