• Population 622,227
  • Area (km2) 13,810
  • GDP per capita (USD) 8,845.91
  • TPES (Mtoe) 1.02
  • Energy intensity
    (toe/103 2010 USD)
  • CO2 emissions - energy (MtCO2) 2.21

Montenegro’s overall risk level against
the assessed areas is low.

While Montenegro has the relevant policies and measures in place, there is potential for improvement. Attention should be given to better communicating the country’s vision and policies.

risk level

Among the three risks assessed by EIRA, discrimination between foreign and domestic investors and unpredictable policy and regulatory change are lower compared to breach of State obligations.
  • 27%
    Unpredictable policy and regulatory changes
  • 19%
    Discrimination between foreign and domestic investors
  • 34%
    Breach of state obligations

indicator performance

Montenegro’s performance is very good on two indicators, and it is good on two indicators. It has maintained a very good score on regulatory environment and investment conditions (90) and on management of decision-making processes (87). On rule of law, it has again scored 66, while its score on foresight of policy and regulatory change has increased by two points, and is also at 66.

Sub-indicator performance

On a more detailed level, Montenegro’s overall sub-indicator performance is good. The highest-scoring sub-indicator is regulatory effectiveness (100), followed by institutional governance (94). Its score on transparency stands at 81. Restrictions on FDI and robustness of policy goals and commitments are at 80 and 75, respectively. There are no changes to its scores on respect for property rights (67) and management and settlement of investor-State disputes (65). Although the score on communication of vision and policies has improved since 2019, from 53 to 56, it remains the lowest-scoring sub-indicator.