Tag Archives: Montenegro

According to allcountrylist, Montenegro is a small country located in the Balkans with a population of around 620,000 people. The country has a mixed economy and its GDP per capita is among the highest in the region. Services account for around 56% of GDP, industry contributes around 36%, and agriculture makes up the remaining 8%. Montenegro’s economy is heavily reliant on tourism which accounts for up to 20% of GDP annually due to its stunning coastline and beautiful scenery. Manufacturing also plays an important role in the Montenegrin economy with food processing, textiles production, machine building and metalworking being some of the most important sectors. Agriculture is also an important sector in Montenegro although it only accounts for less than 1% of GDP annually due to its small land area. Livestock production is the main agricultural activity with sheep and goats being the most widely produced followed by cattle and horses. The majority of agricultural produce is consumed domestically while some products are exported to other countries for sale on international markets. Additionally, Montenegro’s economy benefits from low taxes which attract foreign investors who choose to invest in or do business in Montenegro due to its favorable tax environment. Agriculture in Montenegro has been practiced since ancient times, with subsistence farming being the traditional way of life for many Montenegrin people. In the past, Montenegrins relied heavily on livestock and crops such as wheat, maize, potatoes, beans and other vegetables for their sustenance. However, modern agricultural techniques have been introduced in recent decades that have allowed Montenegrin farmers to increase their yields significantly. Today, agriculture remains an important part of the Montenegrin economy. The most important crops are grapes and olives which are used to produce wine and oil respectively. Fruit production is also significant; cherries, apples and pears are among the most popular fruits grown in Montenegro. Livestock is also an important part of the agricultural sector; sheep and goats are raised for their meat and dairy products while horses are used for transport or recreational purposes. The government provides subsidies for farmers to purchase equipment and supplies needed for agricultural production; this has allowed many farmers to expand their operations and increase their yields significantly. Additionally, new technologies such as greenhouses have been introduced in recent years that allow farmers to grow crops year-round even in colder climates. This has led to increased food security for many Montenegrin families who can now access a variety of fresh produce throughout the year despite the cold weather conditions. See smber for Montenegro Agriculture and Fishing.