Medium-term Report on Millennium Development Goals in Montenegro - 2010

20 Sep 2010
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Summary

As an upper-middle-income country that is multiethnic, geo-politically stable and on track to meet most of the Millennium Development Goals, Montenegro is in a strong position to create optimal conditions for human security and development. There has been impressive economic growth over the last three years (on average, 9% for 2006, 2007 and 2008), fuelled by direct foreign investment (accounting for some 25% of GDP), expansion of the service sector in tourism, construction, retailing, banking and telecommunications as well as structural reform processes in the areas of public finances, price and trade liberalization.

Highlights

  • The overall poverty rate was considerably reduced in 2008, while the depth and severity of poverty were slightly reduced.
  • The elementary school enrolment rate in the 2008/2009 school year was 99.25%.
  • The employment rate for women in 2004 was 28.8%, while it was 36.1% in 2008.

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