- nominal: $2900 (2004 est.), $3200 (2005 est.) Composition by sector: Agriculture: 15.2% Industry: 28.2% Services: 56.6% (2004 est.) Economic Situation Population below poverty line: 10% Inflation rate (consumer prices): 12-13% (2004 est.) Labor force: 3,596,282 (2005 est.) Budget: Revenues: $9.773 billion expenditures: $10.460 billion (2004 est.) Industrial Situation Industries: machine building (aircraft, trucks, and automobiles; tanks and weapons; electrical equipment; agricultural machinery); metallurgy (steel, aluminum, copper, lead, zinc, chromium, antimony, bismuth, cadmium); mining (coal, bauxite, nonferrous ore, iron ore, limestone); consumer goods (textiles, footwear, foodstuffs, appliances); electronics, petroleum products, chemicals, and pharmaceuticals Industrial production growth rate: 6.5% (2004 est.) Electricity Production: 31,710 GWh (2001) Production by source (2001): Fossil fuel: 62.9% Hydro: 37.1% Nuclear: 0% Other: 0% Consumption: 32,370 GWh (2001) Exports: 446 GWh (2001) Imports: 3,330 GWh (2001) Oil Production: 2001 Consumption: 2001 Exports: NA (2001) Imports: NA (2001) Proved reserves: January 2002 Natural Gas Proved reserves: 24.07 km³ (January 2002 est.) Agricultural Produce Cereals, fruits, vegetables, tobacco, olives; cattle, sheep, goats. Exports Total: $5.5 billion f.o.b. (2004 est.)(goods and services) Commodities: manufactured goods, food and live animals, raw materials Partners: Bosnia and Herzegovina 19%, Italy 12%, Germany 12%, Republic of Macedonia 8%, Russia 4% (2004) Imports Total: $11.5 billion f.o.b. (2004 est.)(goods and services) Commodities: machinery and transport equipment, fuels and lubricants, manufactured goods, chemicals, food and live animals, raw materials Partners: Russia 13%, Germany 13%, Italy 9%, China 5%, USA 4% (2004) Debt External: $12.6 billion (2004 est.) -As a percentage of GDP: 55-60% (2004 est.) Economic aid - recipient: $2 billion pledged in 2001 (disbursements to follow for several years) Currency Serbian dinar (CSD). Note - in Montenegro the euro is legal tender; in Kosovo both the euro and the Yugoslav dinar are legal (2002) Code: YUM Exchange rates: Serbian dinars per US dollar - official rate: 60 (2004); Fiscal year: calendar year See also Economy of Europe Economy of the Socialist Federal Republic of Yugoslavia Economy of Montenegro Economy of Serbia Central Bank of Montenegro National Bank of Serbia External links Montenegro Economy>> Financial Business and Economy News from Montenegro Serbia and Montenegro Serbia and Montenegro