Is montenegro a rich or poor country?

Montenegro is considered an upper-middle-income country according to the World Bank classification. The country has experienced economic growth in recent years, driven by sectors such as tourism, energy, and services. However, it still faces challenges related to income inequality, corruption, and a relatively high unemployment rate. The standard of living is generally lower compared to some more developed European countries. The government is implementing strategies to attract foreign investment, improve infrastructure, and diversify the economy in order to boost economic growth and address these challenges.
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