ANALYSIS OF KEY INDICATORS OF THE MONTENEGRIN ECONOMY DURING THE COVID-19 CRISIS

Milivoje Radović, Nemanja Popović, Jovan Đurašković, Milena Konatar and Marina Božović

Chapter 07 in Shaping Post-COVID World – Challenges for Economic Theory and Policy, 2023, pp 135-156 from Faculty of Economics and Business, University of Belgrade

Abstract: The paper conducts a study of trends in macroeconomic indicators in Montenegro, as well as an analysis of structural problems of the Montenegrin economy. Among other things, GDP and GDP growth rates, inflation, public debt, as well as balance of current account were analyzed. The analysis of the structure of the Montenegrin economy tries to reach clear conclusions, the goal is to determine which are the economic segments that require the biggest reforms, and which hindered the faster growth of the Montenegrin economy in the past period. In addition to macroeconomic indicators, and in order to provide a more comprehensive overview of the situation in the country and the position of the average resident, the paper conducted an analysis of the performance of the Montenegrin economy in terms of living standards and labor market conditions. In the last section of the paper, a review is given of demographic trends in Montenegro, which are becoming a serious problem and lead to a lack of key resource in the country, that is human capital.

Keywords: STANDARD OF LIVING; MACROECONOMIC INDICATORS; LABOR MARKET; HUMAN CAPITAL (search for similar items in EconPapers)
JEL-codes: E01 E24 I31 J11 (search for similar items in EconPapers)
Date: 2023
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