KEY FACTS AT A GLANCE

Gross Domestic Product (GDP)
The contribution of Travel & Tourism to Gross Domestic Product is expected to rise from 24.6% (EUR566.2 mn or US$823.3 mn) in 2008 to 28.5% (EUR1,339.6 mn or US$1,642.0 mn) by 2018.

Employment
The contribution of the Travel & Tourism economy to employment is expected to rise from 34,000 jobs in 2008, 20.9% of total employment or 1 in every 4.8 jobs to 44,000 jobs, 24.8% of total employment or 1 in every 4.0 jobs by 2018.

Growth
Real GDP growth for Travel & Tourism economy is expected to be 17.0% in 2008 and to average 5.6% per annum over the coming 10 years.

Exports
Export earnings from international visitors and tourism goods are expected to generate 37.9% of total exports (EUR529.9 mn or US$770.6 mn) in 2008, growing (nominal terms) to EUR1,887.4 mn or US$2,313.5 mn (46.8% of total) in 2018.

WORLD RANKING

The Montenegro Travel & Tourism economy is ranked number:

• 125 in absolute size worldwide
• 25 in relative contribution to national economies
• 5 in long-term (10-year) growth

(176 countries are estimated by WTTC / OE)