• Population 622,227
  • Area (km2) 13,810
  • GDP per capita (USD) 8,846.05
  • TPES (Mtoe) 1.06
  • Energy intensity
    (toe/103 2010 USD)
  • CO2 emissions - energy (MtCO2) 2.5

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

Of the three risks assessed in EIRA, discrimination between domestic and foreign investors is lower compared to unpredictable policy and regulatory change and 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. For the fourth consecutive year, it has maintained a very good score on regulatory environment and investment conditions (90) and management of decision-making processes (86). On the indicators rule of law and foresight of policy and regulatory change, it has a score of 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 is 80 on restrictions on FDI and 79 on transparency. On robustness of policy goals and commitments it has scored 75. Compared to EIRA 2020, there have been no changes to its scores on respect for property rights (67) and management and settlement of investor-State disputes (65). Communication of vision and policies is the lowest-scoring sub-indicator at 56.