Scribd Logo
Upload

Welcome to Scribd!

  • 0 views

    Montenegro

    Uploaded by

    taib1

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Montenegro

    Uploaded by

    taib1
    0 views2 pages

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    0 views2 pages

    Montenegro

    Uploaded by

    taib1

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    You are on page 1of 2

    MONTENEGRO

    2024 Annual Research: Key Highlights1

    Global Data

    Total GDP contribution: Total Travel & Tourism jobs:

    10.4% Change in 2020: 334 MN Change in 2020:


    2019 (of Total Economy)
    =10.5% -69.5 MN
    -48.4%
    USD 10.33TN (Share of Global Jobs) -20.8%
    Annual Change: Annual Change:
    2023 9.1% +23.2%
    (-4.1% vs
    v 2019)
    330 MN +9.1%
    USD 9.90TN =10.0% (-1.4% vs 2019)
    Economy Change
    n YoY= 2.7%
    Annual Change:
    Annual Change:
    2024 10.0% +12.1% 348 MN +5.5%
    USD 11.10TN ( 7.5% vs 2019)
    (E)
    Economy Change YoY= 2.2%
    =10.4% ( 4.1% vs 2019)
    CAGR 2 (2024 - 2034):
    2034 11.4% 3.7% 449 MN New Jobs (2034 vs 2024):
    USD 16.00TN Economy CAGR (2024 - 2034): =12.2% 101.1 MN
    (F)
    2.4%

    Montenegro Key Data


    #

    30.8% Change in 2020: 64.9 (000s) Change in 2020:


    2019 (of Total Economy)
    =31.9%
    EUR 2.0BN -78.3% -30.7%
    (Share of Total Jobs)
    (USD 2.1BN)
    Annual Change:
    29.1% +27.7% 53.5 (000s) Annual Change:
    2023 EUR 1.9BN (-0.5% vs 2019) =22.1% +18.8%
    (-17.6% vs 2019)
    (USD 2.1BN) Economy Change: +3.5%

    30.4% Annual Change:


    66.7 (000s)
    Annual Change:
    2024 EUR 2.1BN +8.0% =27.6% +24.8%
    (E)
    (USD 2.3BN) (7.5% vs 2019) (2.9% vs 2019)

    CAGR (2024 - 2034):

    2034
    33.1% +3.5% 82.1 (000s) New Jobs (2034 vs 2024):
    EUR 3.0BN Economy CAGR
    (F)
    =36.1% 15.4 (000s)
    (2024 - 2034):
    (USD 3.2BN) +2.6%
    MONTENEGRO
    2024 Annual Research: Key Highlights1

    Montenegro Visitor Spending

    2019 2023 2024 (E) 2034 (F)

    IInternational
    t ti l Visitor
    Vi it Spending:
    S di

    EUR1.5BN EUR 1.5


    BN EUR1.5BN EUR2.1BN
    (USD 1.6BN) (USD 1.6BN) (USD 1.7BN) (USD 2.2BN)
    52.4% of total exports Annual Change: Annual Change: 45.2% of total exports
    28.7% 5.5% CAGR (2024 - 2034):
    (0.2% vs 2019) (5.7% vs 2019) 3.1%
    Domestic Visitor Spending:

    EUR171.2MN EUR 184.1MN EUR186.4MN EUR232.9MN


    (USD 184.2MN) (USD 198.1MN) (USD 200.6MN) (USD 250.7MN)
    Annual Change: Annual Change: CAGR (2024 - 2034):
    4.6% 1.3% 2.3%
    (7.5% vs 2019) (8.9% vs 2019)

    Domestic Spending International Spending Leisure Spending Business Spending


    2019 2019
    10.5% 89.5% 88.6% 11.4%

    2023 2023
    11.2% 8
    88 8%
    88.8% 88.8% 89.9% 10.1%
    11.2%

    % share of total spending % share of total spending

    Inbound Arrivals3: u Departures3:


    Outbound
    2019 2023 2019 2023
    1. Serbia 23% 1. Serbia 33% 1. Albania 60% 1. Albania 63%

    2. Russian Federation 15% 2. Bosnia-Herzegovina 13% 2. Serbia 15% 2. Serbia 14%

    3. Bosnia-Herzegovina 8% 3. Russian Federation 6% 3. Türkiye 4% 3. Croatia 4%

    4. Germany 7% 4. Germany 5% 4. Croatia 4% 4. Bosnia-Herzegovina 4%


    5. France 4% 5. France 4% 5. Bosnia-Herzegovina 3% 5. Türkiye 4%

    Rest of world 44% Rest of world 40% Rest of world 15% Rest of world 12%
    Note:: All figures shown for 2024 are estimates (E) and for 2034 are forecast projections (F). Data for additional Travel & Tourism indicators are available in the
    full report. For more details, visit https://researchhub.wttc.org.
    1. All values are in constant 2023 prices & exchange rates. As reported in March 2024.
    2. CAGR= Compound Annual Growth Rate
    3. Source: Oxford Economics, national sources and UN Tourism (formerly UNWTO)

    WTTC Strategic
    Partners:

    You might also like