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Montenegro's economic motor: Tourism

Boka Kotorska (Bay of Kotor) - Copyright by Alan Grant
The bay of Kotor

What one can clearly see in Kotor and along the rest of the coast is how much Montenegrin economic growth is being driven by tourism. Tourism in turn boosts services and construction. According to the Ministry of Ministry of Tourism and Environmental protection, tourism generated EUR 322 million of revenues in 2006, 23.5 percent more than in 2005.

According to the government, in 2006, 952,000 tourists chose Montenegro as their holiday destination, amounting to a 16 percent increase compared to 2005. This includes 382,000 foreign tourists, a 38 percent increase from the previous year.

Year

visitors

o/w foreign

1987

~1,300,000

~400,000

1992

405,000

8,000

1997

663,270

59,349

1999

297,905

27,886

2002

541,699

136,160

2004

703,484

188,060

2005

820,457

272,005

2006

952,000

382,000

Sources: BIRN, Monstat, Ministry of Tourism and Environmental Protection

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