Podgorica, (MINA-BUSINESS) – According to Nina Drakic, President of the Chamber of Commerce (PKCG), Montenegro has made significant economic progress over the past two decades, but it still faces a number of challenges that require further reforms, greater economic diversification, and stronger productivity, manufacturing capacity, and human capital.

Speaking about the Chamber’s Analysis of the Montenegrin Economy from 2006 to 2025, Drakic said Montenegro had achieved notable economic progress during that period.

“Gross domestic product (GDP), GDP per capita, employment, and wages have all increased. These are all positive developments. At the same time, the structure of our economy has changed significantly: we have experienced substantial growth in the services sector, while production-oriented sectors have slowed,” Drakic told the Mina-Business news agency.

Over the past 20 years, Montenegro’s real GDP has grown by 65 percent, with GDP per capita reaching €13,100, equivalent to 54 percent of the European Union average.

“Significant progress has been made in tourism, which remains the backbone of our development. Major infrastructure projects have been launched, and we have also seen important investments in the energy sector, particularly in renewable energy, making Montenegro an increasingly attractive destination for investment in energy,” she said.