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PM Marković at PMQs: Cumulative growth in Montenegro since 2007 is 42.4%, GDP is more than doubled, salaries and number of employees have increased

PM Marković at PMQs: Cumulative growth in Montenegro since 2007 is 42.4%, GDP is more than doubled, salaries and number of employees have increased
Published date: 24.06.2020 14:03 | Author: PR Service

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"Since 2007, the average real economic growth was 2.8%, while the cumulative growth in the mentioned period was 42.4%, with the gross domestic product more than doubled. Per capita income has increased 2.2 times since the restoration of independence, from EUR 3,539 to EUR 7,888, according to preliminary Monstat data on the nominal amount of GDP for 2019. The average net salary in the same period increased from EUR 282 to EUR 515, while the number of employees according to administrative data increased from 150 thousand in 2006, to more than 203 thousand in 2019, which is an average growth of 35%. Of the countries in the region, Montenegro has the highest average pension and average net salary in 2019. Furthermore, the total inflow of foreign direct investment in the period from 2006 to 2019 amounted to EUR 10.3 billion, while net inflow amounted to EUR 7 billion. Average share of foreign investment inflows to GDP in the period from 2006 to 2019 is over 21%, which is convincingly the highest percentage not in the region, but in the entire area of Southeast Europe," said Prime Minister Duško Marković during the Prime Minister's Questions, answering a question from the MP Group of the Democratic Front. 

Speaking about borrowing, the Prime Minister said that borrowing for the purpose of building infrastructure is a precondition for the implementation of past and future development projects. "At the same time – for several years in a row, we have stopped the practice of borrowing for the liquidity of the current budget," said the Prime Minister. 

The Prime Minister presented data for comparative statistics with EU countries, saying that these data show that gross domestic product per capita in 2010 in Montenegro was 41% of the EU average, while in 2018 it was 48% of the EU average and that it is the highest percentage in the Western Balkans region.

PUBLIC RELATIONS SERVICE OF THE GOVERNMENT OF MONTENEGRO