KEY FACTS AT A GLANCE

Gross Domestic Product (GDP)
The contribution of Travel & Tourism to Gross Domestic Product is expected to rise from 20.3% (EUR677.8mn or US$1,002.0mn) in 2010 to 26.0% (EUR1,773.4mn or US$2,310.7mn) by 2020.

Employment
The contribution of the Travel & Tourism economy to employment is expected to rise from 30,000 jobs in 2010, 17.4% of total employment or 1 in every 5.8 jobs to 44,000 jobs, 23.4% of total employment or 1 in every 4.3 jobs by 2020.

Growth
Real GDP growth for Travel & Tourism economy is expected to be -0.1% in 2010 and to average 6.9% per annum over the coming 10 years.

Visitor Exports
Export earnings from international visitors and tourism goods are expected to generate 40.0% of total exports (EUR576.7mn or US$852.5mn) in 2010, growing (nominal terms) to EUR2,285.3mn or US$2,977.8mn (48.9% of total) in 2020.

Investment
Travel & Tourism investment is estimated at EUR243.0mn, US$359.2mn or 35.0% of total investment in 2010. By 2020, this should reach EUR433.6mn, US$541.8mn or 29.3% of total investment.

WORLD RANKING

The Montenegro Travel & Tourism economy is ranked number:

• 128 in absolute size worldwide
• 29 in relative contribution to national economies
• 14 in long-term (10-year) growth

(181 countries are estimated by WTTC / OE)