01 · Economic overview

What should a reader know first?

Latest values orient the reader; the three-era analysis below shows how the economic record developed.

Nominal GDP$8.27B2024 · Latest current-price total · World rank 159 of 210

Real GDP growth3.2%2024 · Latest constant-price annual change · Constant-price annual change

GDP per capita$12,9592024 · Current U.S. dollars; not PPP adjusted · Current U.S. dollars; not PPP adjusted

Share of world GDP0.0%2024 · Share of the official world total · Official world aggregate denominator

Largest broad activity42.3%2024 · Largest broad production activity · Other activities

Manufacturing4.2%2024 · Share of total gross value added · World gap −11.5 pp

Economic overview annual rank and index table35 annual rows

Annual core economic measures, world ranks and comparable world indices. Annual rows cover the full 1970–2024 AMA record wherever the source publishes a value. World ranks run highest-to-lowest. The position index converts rank to a 0–100 scale: 100 is first and 0 is last; it is not a performance score. World comparison is either a world-equals-100 value index or a percentage-point gap, according to the measure.

Filter rows

From yearTo year

Showing 35 of 35 rows

Economic overview annual rank and index table

Montenegro	1990	$2.15B	Not published	Not published	0.0 (world = 100)	Not published	Not published	Not published	Not published	$3,460	Not published	Not published	79.8 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	1991	$1.75B	Not published	Not published	0.0 (world = 100)	-10.8%	Not published	Not published	-12.0 pp vs world	$2,813	Not published	Not published	62.8 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	1992	$1.48B	Not published	Not published	0.0 (world = 100)	-23.5%	Not published	Not published	-25.6 pp vs world	$2,366	Not published	Not published	50.1 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	1993	$819.89M	Not published	Not published	0.0 (world = 100)	-36.5%	Not published	Not published	-38.3 pp vs world	$1,305	Not published	Not published	27.6 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	1994	$845.88M	Not published	Not published	0.0 (world = 100)	1.5%	Not published	Not published	-1.8 pp vs world	$1,343	Not published	Not published	27.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	1995	$1.21B	Not published	Not published	0.0 (world = 100)	14.3%	Not published	Not published	+11.2 pp vs world	$1,924	Not published	Not published	35.4 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	1996	$873.90M	Not published	Not published	0.0 (world = 100)	27.6%	Not published	Not published	+24.0 pp vs world	$1,381	Not published	Not published	25.2 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	1997	$846.33M	Not published	Not published	0.0 (world = 100)	6.6%	Not published	Not published	+2.7 pp vs world	$1,336	Not published	Not published	24.9 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	1998	$858.90M	Not published	Not published	0.0 (world = 100)	4.6%	Not published	Not published	+1.8 pp vs world	$1,355	Not published	Not published	25.7 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	1999	$836.90M	Not published	Not published	0.0 (world = 100)	-8.3%	Not published	Not published	-11.9 pp vs world	$1,319	Not published	Not published	24.4 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2000	$993.73M	Not published	Not published	0.0 (world = 100)	14.5%	Not published	Not published	+10.1 pp vs world	$1,567	Not published	Not published	28.5 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2001	$1.17B	Not published	Not published	0.0 (world = 100)	1.1%	Not published	Not published	-1.0 pp vs world	$1,847	Not published	Not published	34.3 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2002	$1.30B	Not published	Not published	0.0 (world = 100)	1.9%	Not published	Not published	-0.3 pp vs world	$2,048	Not published	Not published	37.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2003	$1.72B	Not published	Not published	0.0 (world = 100)	2.5%	Not published	Not published	-0.6 pp vs world	$2,720	Not published	Not published	44.4 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2004	$2.09B	Not published	Not published	0.0 (world = 100)	4.4%	Not published	Not published	-0.0 pp vs world	$3,305	Not published	Not published	48.6 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2005	$2.28B	Not published	Not published	0.0 (world = 100)	4.2%	Not published	Not published	+0.2 pp vs world	$3,591	Not published	Not published	49.3 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2006	$2.72B	Not published	Not published	0.0 (world = 100)	8.5%	Not published	Not published	+4.1 pp vs world	$4,291	Not published	Not published	55.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2007	$3.68B	Not published	Not published	0.0 (world = 100)	7.1%	Not published	Not published	+2.8 pp vs world	$5,814	Not published	Not published	67.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2008	$4.56B	Not published	Not published	0.0 (world = 100)	6.9%	Not published	Not published	+4.9 pp vs world	$7,205	Not published	Not published	76.5 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2009	$4.16B	Not published	Not published	0.0 (world = 100)	-6.0%	Not published	Not published	-4.6 pp vs world	$6,576	Not published	Not published	74.5 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2010	$4.14B	Not published	Not published	0.0 (world = 100)	2.8%	Not published	Not published	-1.7 pp vs world	$6,545	Not published	Not published	68.6 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2011	$4.51B	Not published	Not published	0.0 (world = 100)	3.4%	Not published	Not published	+0.1 pp vs world	$7,124	Not published	Not published	68.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2012	$4.07B	Not published	Not published	0.0 (world = 100)	-2.5%	Not published	Not published	-5.2 pp vs world	$6,427	Not published	Not published	60.8 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2013	$4.42B	Not published	Not published	0.0 (world = 100)	3.4%	Not published	Not published	+0.6 pp vs world	$6,984	Not published	Not published	65.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2014	$4.58B	Not published	Not published	0.0 (world = 100)	2.4%	Not published	Not published	-0.7 pp vs world	$7,253	Not published	Not published	66.6 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2015	$4.01B	Not published	Not published	0.0 (world = 100)	2.5%	Not published	Not published	-0.6 pp vs world	$6,385	Not published	Not published	62.7 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2016	$4.36B	Not published	Not published	0.0 (world = 100)	3.4%	Not published	Not published	+0.7 pp vs world	$6,980	Not published	Not published	68.2 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2017	$4.80B	Not published	Not published	0.0 (world = 100)	3.2%	Not published	Not published	-0.2 pp vs world	$7,747	Not published	Not published	72.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2018	$5.43B	Not published	Not published	0.0 (world = 100)	4.7%	Not published	Not published	+1.5 pp vs world	$8,824	Not published	Not published	78.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2019	$5.48B	Not published	Not published	0.0 (world = 100)	4.4%	Not published	Not published	+1.8 pp vs world	$8,965	Not published	Not published	79.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2020	$4.73B	Not published	Not published	0.0 (world = 100)	-15.0%	Not published	Not published	-12.0 pp vs world	$7,787	Not published	Not published	71.1 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2021	$5.82B	Not published	Not published	0.0 (world = 100)	13.0%	Not published	Not published	+6.6 pp vs world	$9,643	Not published	Not published	77.7 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2022	$6.26B	Not published	Not published	0.0 (world = 100)	7.7%	Not published	Not published	+4.4 pp vs world	$10,184	Not published	Not published	79.5 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2023	$7.64B	Not published	Not published	0.0 (world = 100)	6.5%	Not published	Not published	+3.6 pp vs world	$12,064	Not published	Not published	91.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2024	$8.27B	Not published	Not published	0.0 (world = 100)	3.2%	Not published	Not published	+0.3 pp vs world	$12,959	Not published	Not published	94.8 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world

Calculations created by Tesseron World Observatory, data from UNSD Analysis of Main Aggregates (2026-01-28_89ede278; source updated 2026-01-28T00:00:00).

The long view

Real output, indexed to a shared starting year

Indexing allows the country and benchmark trajectories to be compared without confusing their very different economic sizes.

Created by Tesseron World Observatory; data from UN Statistics Division Analysis of Main Aggregates – 28 January 2026 data snapshot.

MontenegroEuropeSouthern EuropeWorldConstant prices · U.S. dollars · index, shared start = 100

02 · Economic size and world position

How large is the economy, and where does it sit globally?

Nominal scale, real volume and share of world output provide three distinct views of economic size.

Full historical record

Nominal GDP

Nominal scale, real volume and share of world output provide three distinct views of economic size.

Montenegro is shown against compatible UN benchmarks. The three fixed eras are labeled on the chart and summarized below.

Created by Tesseron World Observatory; data from UN Statistics Division Analysis of Main Aggregates – 28 January 2026 data snapshot.

MontenegroSouthern EuropeEuropeWorldCurrent prices · U.S. dollars

Formation1970–1990

$2.15B → $2.15B

Compound annual change: 0.0% CAGR

Integration1990–2010

$2.15B → $4.14B

Compound annual change: +3.3% CAGR

Current era2010–2024

$4.14B → $8.27B

Compound annual change: +5.1% CAGR

Nominal GDP$8.27B2024 · Published series · World rank 159 of 210 · highest-to-lowest

Real GDP$6.33B2024 · Published series · World rank unavailable

Share of world GDP0.0%2024 · Derived measure · World rank unavailable

Economic size and world position: annual rates, ranks and comparison indices35 annual rows

Annual non-duplicative measures used in the economic size and world position section. Annual rows cover the full 1970–2024 AMA record wherever the source publishes a value. World ranks run highest-to-lowest. The position index converts rank to a 0–100 scale: 100 is first and 0 is last; it is not a performance score. World comparison is either a world-equals-100 value index or a percentage-point gap, according to the measure.

Filter rows

From yearTo year

Showing 35 of 35 rows

Economic size and world position: annual rates, ranks and comparison indices

Montenegro	1990	$2.15B	Not published	Not published	0.0 (world = 100)	$4.22B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	1991	$1.75B	Not published	Not published	0.0 (world = 100)	$3.76B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	1992	$1.48B	Not published	Not published	0.0 (world = 100)	$2.88B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	1993	$819.89M	Not published	Not published	0.0 (world = 100)	$1.83B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	1994	$845.88M	Not published	Not published	0.0 (world = 100)	$1.85B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	1995	$1.21B	Not published	Not published	0.0 (world = 100)	$2.12B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	1996	$873.90M	Not published	Not published	0.0 (world = 100)	$2.70B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	1997	$846.33M	Not published	Not published	0.0 (world = 100)	$2.88B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	1998	$858.90M	Not published	Not published	0.0 (world = 100)	$3.01B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	1999	$836.90M	Not published	Not published	0.0 (world = 100)	$2.76B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2000	$993.73M	Not published	Not published	0.0 (world = 100)	$3.16B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2001	$1.17B	Not published	Not published	0.0 (world = 100)	$3.20B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2002	$1.30B	Not published	Not published	0.0 (world = 100)	$3.26B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2003	$1.72B	Not published	Not published	0.0 (world = 100)	$3.34B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2004	$2.09B	Not published	Not published	0.0 (world = 100)	$3.49B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2005	$2.28B	Not published	Not published	0.0 (world = 100)	$3.63B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2006	$2.72B	Not published	Not published	0.0 (world = 100)	$3.94B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2007	$3.68B	Not published	Not published	0.0 (world = 100)	$4.22B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2008	$4.56B	Not published	Not published	0.0 (world = 100)	$4.51B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2009	$4.16B	Not published	Not published	0.0 (world = 100)	$4.24B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2010	$4.14B	Not published	Not published	0.0 (world = 100)	$4.36B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2011	$4.51B	Not published	Not published	0.0 (world = 100)	$4.51B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2012	$4.07B	Not published	Not published	0.0 (world = 100)	$4.40B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2013	$4.42B	Not published	Not published	0.0 (world = 100)	$4.55B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2014	$4.58B	Not published	Not published	0.0 (world = 100)	$4.65B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2015	$4.01B	Not published	Not published	0.0 (world = 100)	$4.77B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2016	$4.36B	Not published	Not published	0.0 (world = 100)	$4.93B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2017	$4.80B	Not published	Not published	0.0 (world = 100)	$5.09B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2018	$5.43B	Not published	Not published	0.0 (world = 100)	$5.33B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2019	$5.48B	Not published	Not published	0.0 (world = 100)	$5.57B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2020	$4.73B	Not published	Not published	0.0 (world = 100)	$4.73B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2021	$5.82B	Not published	Not published	0.0 (world = 100)	$5.35B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2022	$6.26B	Not published	Not published	0.0 (world = 100)	$5.77B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2023	$7.64B	Not published	Not published	0.0 (world = 100)	$6.14B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2024	$8.27B	Not published	Not published	0.0 (world = 100)	$6.33B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world

Calculations created by Tesseron World Observatory, data from UNSD Analysis of Main Aggregates (2026-01-28_89ede278; source updated 2026-01-28T00:00:00).

Interpretation note

Current U.S.-dollar GDP reflects domestic prices and exchange rates as well as production. It is not PPP adjusted.

Latest common comparison

Europe$27.20T2024

Southern Europe$5.05T2024

World$111.57T2024

03 · Output and income per person

What does the record show per person?

Current and constant-price per-person measures separate present-dollar scale from real change.

Full historical record

GDP per person

Current and constant-price per-person measures separate present-dollar scale from real change.

Montenegro is shown against compatible UN benchmarks. The three fixed eras are labeled on the chart and summarized below.

Created by Tesseron World Observatory; data from UN Statistics Division Analysis of Main Aggregates – 28 January 2026 data snapshot.

MontenegroSouthern EuropeEuropeWorldCurrent prices · U.S. dollars per person

Formation1970–1990

$3,460 → $3,460

Compound annual change: 0.0% CAGR

Integration1990–2010

$3,460 → $6,545

Compound annual change: +3.2% CAGR

Current era2010–2024

$6,545 → $12,959

Compound annual change: +5.0% CAGR

GDP per person$12,9592024 · Published series · World rank 90 of 210 · highest-to-lowest

Real GDP per person$9,9202024 · Published series · World rank unavailable

Output and income per person: annual rates, ranks and comparison indices35 annual rows

Annual non-duplicative measures used in the output and income per person section. Annual rows cover the full 1970–2024 AMA record wherever the source publishes a value. World ranks run highest-to-lowest. The position index converts rank to a 0–100 scale: 100 is first and 0 is last; it is not a performance score. World comparison is either a world-equals-100 value index or a percentage-point gap, according to the measure.

Filter rows

From yearTo year

Showing 35 of 35 rows

Output and income per person: annual rates, ranks and comparison indices

Montenegro	1990	$3,460	Not published	Not published	79.8 (world = 100)	$6,798	Not published	Not published	95.0 (world = 100)
Montenegro	1991	$2,813	Not published	Not published	62.8 (world = 100)	$6,033	Not published	Not published	84.7 (world = 100)
Montenegro	1992	$2,366	Not published	Not published	50.1 (world = 100)	$4,597	Not published	Not published	64.3 (world = 100)
Montenegro	1993	$1,305	Not published	Not published	27.6 (world = 100)	$2,908	Not published	Not published	40.6 (world = 100)
Montenegro	1994	$1,343	Not published	Not published	27.0 (world = 100)	$2,943	Not published	Not published	40.4 (world = 100)
Montenegro	1995	$1,924	Not published	Not published	35.4 (world = 100)	$3,356	Not published	Not published	45.3 (world = 100)
Montenegro	1996	$1,381	Not published	Not published	25.2 (world = 100)	$4,274	Not published	Not published	56.5 (world = 100)
Montenegro	1997	$1,336	Not published	Not published	24.9 (world = 100)	$4,548	Not published	Not published	58.7 (world = 100)
Montenegro	1998	$1,355	Not published	Not published	25.7 (world = 100)	$4,753	Not published	Not published	60.5 (world = 100)
Montenegro	1999	$1,319	Not published	Not published	24.4 (world = 100)	$4,357	Not published	Not published	54.3 (world = 100)
Montenegro	2000	$1,567	Not published	Not published	28.5 (world = 100)	$4,990	Not published	Not published	60.3 (world = 100)
Montenegro	2001	$1,847	Not published	Not published	34.3 (world = 100)	$5,045	Not published	Not published	60.5 (world = 100)
Montenegro	2002	$2,048	Not published	Not published	37.0 (world = 100)	$5,142	Not published	Not published	61.2 (world = 100)
Montenegro	2003	$2,720	Not published	Not published	44.4 (world = 100)	$5,270	Not published	Not published	61.6 (world = 100)
Montenegro	2004	$3,305	Not published	Not published	48.6 (world = 100)	$5,500	Not published	Not published	62.4 (world = 100)
Montenegro	2005	$3,591	Not published	Not published	49.3 (world = 100)	$5,726	Not published	Not published	63.3 (world = 100)
Montenegro	2006	$4,291	Not published	Not published	55.0 (world = 100)	$6,217	Not published	Not published	66.6 (world = 100)
Montenegro	2007	$5,814	Not published	Not published	67.0 (world = 100)	$6,666	Not published	Not published	69.4 (world = 100)
Montenegro	2008	$7,205	Not published	Not published	76.5 (world = 100)	$7,131	Not published	Not published	73.7 (world = 100)
Montenegro	2009	$6,576	Not published	Not published	74.5 (world = 100)	$6,708	Not published	Not published	71.2 (world = 100)
Montenegro	2010	$6,545	Not published	Not published	68.6 (world = 100)	$6,898	Not published	Not published	71.0 (world = 100)
Montenegro	2011	$7,124	Not published	Not published	68.0 (world = 100)	$7,127	Not published	Not published	71.9 (world = 100)
Montenegro	2012	$6,427	Not published	Not published	60.8 (world = 100)	$6,940	Not published	Not published	69.1 (world = 100)
Montenegro	2013	$6,984	Not published	Not published	65.0 (world = 100)	$7,179	Not published	Not published	70.4 (world = 100)
Montenegro	2014	$7,253	Not published	Not published	66.6 (world = 100)	$7,370	Not published	Not published	70.9 (world = 100)
Montenegro	2015	$6,385	Not published	Not published	62.7 (world = 100)	$7,595	Not published	Not published	71.7 (world = 100)
Montenegro	2016	$6,980	Not published	Not published	68.2 (world = 100)	$7,905	Not published	Not published	73.5 (world = 100)
Montenegro	2017	$7,747	Not published	Not published	72.0 (world = 100)	$8,214	Not published	Not published	74.7 (world = 100)
Montenegro	2018	$8,824	Not published	Not published	78.0 (world = 100)	$8,663	Not published	Not published	77.2 (world = 100)
Montenegro	2019	$8,965	Not published	Not published	79.0 (world = 100)	$9,105	Not published	Not published	79.9 (world = 100)
Montenegro	2020	$7,787	Not published	Not published	71.1 (world = 100)	$7,787	Not published	Not published	71.1 (world = 100)
Montenegro	2021	$9,643	Not published	Not published	77.7 (world = 100)	$8,863	Not published	Not published	76.6 (world = 100)
Montenegro	2022	$10,184	Not published	Not published	79.5 (world = 100)	$9,381	Not published	Not published	79.2 (world = 100)
Montenegro	2023	$12,064	Not published	Not published	91.0 (world = 100)	$9,691	Not published	Not published	80.2 (world = 100)
Montenegro	2024	$12,959	Not published	Not published	94.8 (world = 100)	$9,920	Not published	Not published	80.5 (world = 100)

Calculations created by Tesseron World Observatory, data from UNSD Analysis of Main Aggregates (2026-01-28_89ede278; source updated 2026-01-28T00:00:00).

Interpretation note

GDP per person is an accounting average, not a measure of household income distribution or living costs.

Latest common comparison

Europe$36,4082024

Southern Europe$33,4182024

World$13,6732024

04 · Real growth and output prices

How quickly has real activity changed, and how have output prices moved?

Real GDP growth, per-person growth and the implicit deflator answer different questions.

Full historical record

Real GDP growth

Real GDP growth, per-person growth and the implicit deflator answer different questions.

Montenegro is shown against compatible UN benchmarks. The three fixed eras are labeled on the chart and summarized below.

Created by Tesseron World Observatory; data from UN Statistics Division Analysis of Main Aggregates – 28 January 2026 data snapshot.

MontenegroSouthern EuropeEuropeWorldConstant prices · percent

Formation1970–1990

Unavailable

Change: Unavailable

Integration1990–2010

-10.8% → 2.8%

Average annual rate: +1.2%

Current era2010–2024

2.8% → 3.2%

Average annual rate: +2.9%

Real GDP growth3.2%2024 · Published series · World rank 106 of 210 · highest-to-lowest

Real GDP-per-person growth2.4%2024 · Published series · World rank 94 of 210 · highest-to-lowest

Implicit GDP deflator137.92024 · Published series · World rank unavailable

Real growth and output prices: annual rates, ranks and comparison indices35 annual rows

Annual non-duplicative measures used in the real growth and output prices section. Annual rows cover the full 1970–2024 AMA record wherever the source publishes a value. World ranks run highest-to-lowest. The position index converts rank to a 0–100 scale: 100 is first and 0 is last; it is not a performance score. World comparison is either a world-equals-100 value index or a percentage-point gap, according to the measure.

Filter rows

From yearTo year

Showing 35 of 35 rows

Real growth and output prices: annual rates, ranks and comparison indices

Montenegro	1990	Not published	Not published	Not published	Not published	Not published	Not published	Not published	Not published	48.0	Not published	Not published
Montenegro	1991	-10.8%	Not published	Not published	-12.0 pp vs world	-11.2%	Not published	Not published	-10.8 pp vs world	45.2	Not published	Not published
Montenegro	1992	-23.5%	Not published	Not published	-25.6 pp vs world	-23.8%	Not published	Not published	-24.2 pp vs world	46.9	Not published	Not published
Montenegro	1993	-36.5%	Not published	Not published	-38.3 pp vs world	-36.7%	Not published	Not published	-36.9 pp vs world	43.3	Not published	Not published
Montenegro	1994	1.5%	Not published	Not published	-1.8 pp vs world	1.2%	Not published	Not published	-0.6 pp vs world	43.2	Not published	Not published
Montenegro	1995	14.3%	Not published	Not published	+11.2 pp vs world	14.0%	Not published	Not published	+12.4 pp vs world	48.0	Not published	Not published
Montenegro	1996	27.6%	Not published	Not published	+24.0 pp vs world	27.3%	Not published	Not published	+25.3 pp vs world	28.4	Not published	Not published
Montenegro	1997	6.6%	Not published	Not published	+2.7 pp vs world	6.4%	Not published	Not published	+4.0 pp vs world	29.7	Not published	Not published
Montenegro	1998	4.6%	Not published	Not published	+1.8 pp vs world	4.5%	Not published	Not published	+3.1 pp vs world	29.3	Not published	Not published
Montenegro	1999	-8.3%	Not published	Not published	-11.9 pp vs world	-8.3%	Not published	Not published	-10.5 pp vs world	32.5	Not published	Not published
Montenegro	2000	14.5%	Not published	Not published	+10.1 pp vs world	14.5%	Not published	Not published	+11.5 pp vs world	38.8	Not published	Not published
Montenegro	2001	1.1%	Not published	Not published	-1.0 pp vs world	1.1%	Not published	Not published	+0.4 pp vs world	46.7	Not published	Not published
Montenegro	2002	1.9%	Not published	Not published	-0.3 pp vs world	1.9%	Not published	Not published	+1.0 pp vs world	48.1	Not published	Not published
Montenegro	2003	2.5%	Not published	Not published	-0.6 pp vs world	2.5%	Not published	Not published	+0.8 pp vs world	52.1	Not published	Not published
Montenegro	2004	4.4%	Not published	Not published	-0.0 pp vs world	4.4%	Not published	Not published	+1.3 pp vs world	55.2	Not published	Not published
Montenegro	2005	4.2%	Not published	Not published	+0.2 pp vs world	4.1%	Not published	Not published	+1.4 pp vs world	57.6	Not published	Not published
Montenegro	2006	8.5%	Not published	Not published	+4.1 pp vs world	8.6%	Not published	Not published	+5.5 pp vs world	62.8	Not published	Not published
Montenegro	2007	7.1%	Not published	Not published	+2.8 pp vs world	7.2%	Not published	Not published	+4.2 pp vs world	72.7	Not published	Not published
Montenegro	2008	6.9%	Not published	Not published	+4.9 pp vs world	7.0%	Not published	Not published	+6.3 pp vs world	78.5	Not published	Not published
Montenegro	2009	-6.0%	Not published	Not published	-4.6 pp vs world	-5.9%	Not published	Not published	-3.3 pp vs world	80.3	Not published	Not published
Montenegro	2010	2.8%	Not published	Not published	-1.7 pp vs world	2.8%	Not published	Not published	-0.3 pp vs world	81.7	Not published	Not published
Montenegro	2011	3.4%	Not published	Not published	+0.1 pp vs world	3.3%	Not published	Not published	+1.3 pp vs world	82.0	Not published	Not published
Montenegro	2012	-2.5%	Not published	Not published	-5.2 pp vs world	-2.6%	Not published	Not published	-4.1 pp vs world	82.3	Not published	Not published
Montenegro	2013	3.4%	Not published	Not published	+0.6 pp vs world	3.4%	Not published	Not published	+1.9 pp vs world	83.7	Not published	Not published
Montenegro	2014	2.4%	Not published	Not published	-0.7 pp vs world	2.7%	Not published	Not published	+0.9 pp vs world	84.6	Not published	Not published
Montenegro	2015	2.5%	Not published	Not published	-0.6 pp vs world	3.1%	Not published	Not published	+1.1 pp vs world	86.5	Not published	Not published
Montenegro	2016	3.4%	Not published	Not published	+0.7 pp vs world	4.1%	Not published	Not published	+2.5 pp vs world	91.1	Not published	Not published
Montenegro	2017	3.2%	Not published	Not published	-0.2 pp vs world	3.9%	Not published	Not published	+1.7 pp vs world	95.4	Not published	Not published
Montenegro	2018	4.7%	Not published	Not published	+1.5 pp vs world	5.5%	Not published	Not published	+3.3 pp vs world	98.5	Not published	Not published
Montenegro	2019	4.4%	Not published	Not published	+1.8 pp vs world	5.1%	Not published	Not published	+3.6 pp vs world	100.5	Not published	Not published
Montenegro	2020	-15.0%	Not published	Not published	-12.0 pp vs world	-14.5%	Not published	Not published	-10.6 pp vs world	100.0	Not published	Not published
Montenegro	2021	13.0%	Not published	Not published	+6.6 pp vs world	13.8%	Not published	Not published	+8.3 pp vs world	105.1	Not published	Not published
Montenegro	2022	7.7%	Not published	Not published	+4.4 pp vs world	5.8%	Not published	Not published	+3.4 pp vs world	117.8	Not published	Not published
Montenegro	2023	6.5%	Not published	Not published	+3.6 pp vs world	3.3%	Not published	Not published	+1.3 pp vs world	131.5	Not published	Not published
Montenegro	2024	3.2%	Not published	Not published	+0.3 pp vs world	2.4%	Not published	Not published	+0.4 pp vs world	137.9	Not published	Not published

Calculations created by Tesseron World Observatory, data from UNSD Analysis of Main Aggregates (2026-01-28_89ede278; source updated 2026-01-28T00:00:00).

Interpretation note

The implicit GDP deflator covers domestically produced output and is not a consumer price index. Annual growth can be volatile.

Latest common comparison

Europe1.3%2024

Southern Europe1.9%2024

World2.8%2024

05 · Consumption and domestic demand

How is output used for consumption and domestic demand?

Household and government consumption sit inside final consumption; domestic demand also includes capital formation.

Full historical record

Final Consumption

Household and government consumption sit inside final consumption; domestic demand also includes capital formation.

Montenegro is shown against compatible UN benchmarks. The three fixed eras are labeled on the chart and summarized below.

Created by Tesseron World Observatory; data from UN Statistics Division Analysis of Main Aggregates – 28 January 2026 data snapshot.

MontenegroSouthern EuropeEuropeWorldCurrent prices · national currency · percent

Formation1970–1990

105.8% → 105.8%

Percentage-point change: 0.0 pp

Integration1990–2010

105.8% → 103.2%

Percentage-point change: -2.7 pp

Current era2010–2024

103.2% → 96.6%

Percentage-point change: -6.6 pp

Final consumption96.6%2024 · Published series · World rank unavailable

Household consumption78.9%2024 · Published series · World rank unavailable

Government consumption17.6%2024 · Published series · World rank unavailable

Domestic demand122.4%2024 · Derived measure · World rank unavailable

Consumption and domestic demand: annual rates, ranks and comparison indices35 annual rows

Annual non-duplicative measures used in the consumption and domestic demand section. Annual rows cover the full 1970–2024 AMA record wherever the source publishes a value. World ranks run highest-to-lowest. The position index converts rank to a 0–100 scale: 100 is first and 0 is last; it is not a performance score. World comparison is either a world-equals-100 value index or a percentage-point gap, according to the measure.

Filter rows

From yearTo year

Showing 35 of 35 rows

Consumption and domestic demand: annual rates, ranks and comparison indices

Montenegro	1990	105.8%	Not published	Not published	+31.1 pp vs world	89.2%	Not published	Not published	+31.1 pp vs world	16.6%	Not published	Not published	+0.0 pp vs world	126.7%	Not published	Not published	+26.1 pp vs world
Montenegro	1991	105.8%	Not published	Not published	+30.7 pp vs world	89.2%	Not published	Not published	+31.0 pp vs world	16.6%	Not published	Not published	-0.2 pp vs world	126.6%	Not published	Not published	+26.3 pp vs world
Montenegro	1992	105.8%	Not published	Not published	+30.6 pp vs world	89.1%	Not published	Not published	+30.8 pp vs world	16.6%	Not published	Not published	-0.2 pp vs world	126.6%	Not published	Not published	+26.7 pp vs world
Montenegro	1993	105.9%	Not published	Not published	+30.4 pp vs world	89.3%	Not published	Not published	+30.5 pp vs world	16.7%	Not published	Not published	-0.0 pp vs world	126.7%	Not published	Not published	+27.0 pp vs world
Montenegro	1994	105.7%	Not published	Not published	+30.2 pp vs world	89.1%	Not published	Not published	+30.1 pp vs world	16.6%	Not published	Not published	+0.1 pp vs world	126.5%	Not published	Not published	+26.6 pp vs world
Montenegro	1995	105.7%	Not published	Not published	+30.8 pp vs world	89.1%	Not published	Not published	+30.6 pp vs world	16.6%	Not published	Not published	+0.3 pp vs world	126.6%	Not published	Not published	+27.2 pp vs world
Montenegro	1996	106.4%	Not published	Not published	+31.4 pp vs world	89.7%	Not published	Not published	+30.9 pp vs world	16.7%	Not published	Not published	+0.5 pp vs world	127.1%	Not published	Not published	+27.7 pp vs world
Montenegro	1997	104.9%	Not published	Not published	+29.8 pp vs world	88.5%	Not published	Not published	+29.4 pp vs world	16.4%	Not published	Not published	+0.5 pp vs world	125.7%	Not published	Not published	+26.3 pp vs world
Montenegro	1998	105.9%	Not published	Not published	+30.3 pp vs world	89.1%	Not published	Not published	+29.6 pp vs world	16.8%	Not published	Not published	+0.7 pp vs world	127.0%	Not published	Not published	+27.4 pp vs world
Montenegro	1999	108.4%	Not published	Not published	+32.5 pp vs world	91.4%	Not published	Not published	+31.6 pp vs world	17.0%	Not published	Not published	+0.9 pp vs world	128.6%	Not published	Not published	+28.9 pp vs world
Montenegro	2000	100.5%	Not published	Not published	+24.9 pp vs world	85.0%	Not published	Not published	+25.3 pp vs world	15.5%	Not published	Not published	-0.4 pp vs world	121.5%	Not published	Not published	+21.7 pp vs world
Montenegro	2001	107.0%	Not published	Not published	+30.6 pp vs world	89.4%	Not published	Not published	+29.3 pp vs world	17.6%	Not published	Not published	+1.3 pp vs world	128.6%	Not published	Not published	+28.6 pp vs world
Montenegro	2002	111.6%	Not published	Not published	+34.7 pp vs world	94.5%	Not published	Not published	+34.3 pp vs world	17.0%	Not published	Not published	+0.4 pp vs world	128.5%	Not published	Not published	+28.7 pp vs world
Montenegro	2003	106.3%	Not published	Not published	+29.5 pp vs world	87.7%	Not published	Not published	+27.8 pp vs world	18.6%	Not published	Not published	+1.7 pp vs world	120.3%	Not published	Not published	+20.4 pp vs world
Montenegro	2004	106.8%	Not published	Not published	+30.9 pp vs world	88.1%	Not published	Not published	+29.0 pp vs world	18.7%	Not published	Not published	+2.0 pp vs world	122.2%	Not published	Not published	+22.4 pp vs world
Montenegro	2005	107.6%	Not published	Not published	+32.2 pp vs world	85.8%	Not published	Not published	+27.1 pp vs world	21.8%	Not published	Not published	+5.2 pp vs world	124.3%	Not published	Not published	+24.7 pp vs world
Montenegro	2006	113.3%	Not published	Not published	+38.8 pp vs world	93.8%	Not published	Not published	+35.8 pp vs world	19.5%	Not published	Not published	+3.0 pp vs world	136.9%	Not published	Not published	+37.6 pp vs world
Montenegro	2007	108.3%	Not published	Not published	+34.3 pp vs world	88.0%	Not published	Not published	+30.5 pp vs world	20.3%	Not published	Not published	+3.8 pp vs world	142.8%	Not published	Not published	+43.5 pp vs world
Montenegro	2008	112.5%	Not published	Not published	+38.6 pp vs world	89.6%	Not published	Not published	+32.5 pp vs world	22.9%	Not published	Not published	+6.1 pp vs world	153.4%	Not published	Not published	+54.0 pp vs world
Montenegro	2009	104.2%	Not published	Not published	+28.2 pp vs world	81.8%	Not published	Not published	+23.7 pp vs world	22.4%	Not published	Not published	+4.5 pp vs world	130.9%	Not published	Not published	+31.5 pp vs world
Montenegro	2010	103.2%	Not published	Not published	+28.6 pp vs world	80.7%	Not published	Not published	+23.6 pp vs world	22.5%	Not published	Not published	+5.1 pp vs world	125.4%	Not published	Not published	+26.3 pp vs world
Montenegro	2011	102.8%	Not published	Not published	+29.0 pp vs world	81.2%	Not published	Not published	+24.6 pp vs world	21.6%	Not published	Not published	+4.4 pp vs world	121.9%	Not published	Not published	+22.8 pp vs world
Montenegro	2012	104.3%	Not published	Not published	+30.6 pp vs world	82.8%	Not published	Not published	+26.2 pp vs world	21.5%	Not published	Not published	+4.4 pp vs world	124.3%	Not published	Not published	+25.3 pp vs world
Montenegro	2013	101.4%	Not published	Not published	+27.8 pp vs world	81.4%	Not published	Not published	+24.8 pp vs world	20.0%	Not published	Not published	+3.1 pp vs world	120.3%	Not published	Not published	+21.3 pp vs world
Montenegro	2014	100.4%	Not published	Not published	+26.9 pp vs world	80.2%	Not published	Not published	+23.5 pp vs world	20.2%	Not published	Not published	+3.3 pp vs world	119.9%	Not published	Not published	+20.6 pp vs world
Montenegro	2015	98.9%	Not published	Not published	+25.2 pp vs world	78.5%	Not published	Not published	+21.4 pp vs world	20.5%	Not published	Not published	+3.8 pp vs world	118.7%	Not published	Not published	+19.2 pp vs world
Montenegro	2016	97.6%	Not published	Not published	+23.8 pp vs world	77.1%	Not published	Not published	+19.9 pp vs world	20.5%	Not published	Not published	+3.9 pp vs world	122.6%	Not published	Not published	+23.3 pp vs world
Montenegro	2017	95.1%	Not published	Not published	+21.7 pp vs world	75.7%	Not published	Not published	+18.8 pp vs world	19.4%	Not published	Not published	+3.0 pp vs world	123.7%	Not published	Not published	+24.5 pp vs world
Montenegro	2018	92.8%	Not published	Not published	+20.0 pp vs world	73.4%	Not published	Not published	+17.0 pp vs world	19.4%	Not published	Not published	+3.0 pp vs world	124.2%	Not published	Not published	+25.1 pp vs world
Montenegro	2019	90.5%	Not published	Not published	+17.4 pp vs world	71.7%	Not published	Not published	+15.3 pp vs world	18.8%	Not published	Not published	+2.2 pp vs world	121.4%	Not published	Not published	+22.0 pp vs world
Montenegro	2020	105.3%	Not published	Not published	+32.1 pp vs world	81.6%	Not published	Not published	+26.1 pp vs world	23.7%	Not published	Not published	+5.9 pp vs world	135.4%	Not published	Not published	+35.9 pp vs world
Montenegro	2021	94.0%	Not published	Not published	+22.1 pp vs world	74.0%	Not published	Not published	+19.0 pp vs world	20.0%	Not published	Not published	+3.1 pp vs world	119.5%	Not published	Not published	+20.5 pp vs world
Montenegro	2022	95.2%	Not published	Not published	+23.2 pp vs world	77.1%	Not published	Not published	+21.6 pp vs world	18.1%	Not published	Not published	+1.7 pp vs world	122.8%	Not published	Not published	+23.6 pp vs world
Montenegro	2023	92.9%	Not published	Not published	+19.9 pp vs world	75.0%	Not published	Not published	+18.6 pp vs world	17.9%	Not published	Not published	+1.3 pp vs world	118.3%	Not published	Not published	+19.1 pp vs world
Montenegro	2024	96.6%	Not published	Not published	+23.3 pp vs world	78.9%	Not published	Not published	+22.3 pp vs world	17.6%	Not published	Not published	+1.1 pp vs world	122.4%	Not published	Not published	+23.2 pp vs world

Calculations created by Tesseron World Observatory, data from UNSD Analysis of Main Aggregates (2026-01-28_89ede278; source updated 2026-01-28T00:00:00).

Interpretation note

Parent aggregates and their components should not be added together. Shares describe composition, not the quality of spending.

Latest common comparison

Europe74.5%2024

Southern Europe76.3%2024

World73.2%2024

06 · Investment and capital formation

How much current output is directed toward capital formation?

Gross capital formation combines fixed investment and inventory change as shares of GDP.

Full historical record

Gross Capital Formation

Gross capital formation combines fixed investment and inventory change as shares of GDP.

Montenegro is shown against compatible UN benchmarks. The three fixed eras are labeled on the chart and summarized below.

Created by Tesseron World Observatory; data from UN Statistics Division Analysis of Main Aggregates – 28 January 2026 data snapshot.

MontenegroSouthern EuropeEuropeWorldCurrent prices · national currency · percent

Formation1970–1990

20.8% → 20.8%

Percentage-point change: 0.0 pp

Integration1990–2010

20.8% → 22.3%

Percentage-point change: +1.5 pp

Current era2010–2024

22.3% → 25.9%

Percentage-point change: +3.6 pp

Gross capital formation25.9%2024 · Published series · World rank unavailable

Gross fixed capital formation21.1%2024 · Published series · World rank unavailable

Changes in inventories4.8%2024 · Published series · World rank unavailable

Investment and capital formation: annual rates, ranks and comparison indices35 annual rows

Annual non-duplicative measures used in the investment and capital formation section. Annual rows cover the full 1970–2024 AMA record wherever the source publishes a value. World ranks run highest-to-lowest. The position index converts rank to a 0–100 scale: 100 is first and 0 is last; it is not a performance score. World comparison is either a world-equals-100 value index or a percentage-point gap, according to the measure.

Filter rows

From yearTo year

Showing 35 of 35 rows

Investment and capital formation: annual rates, ranks and comparison indices

Montenegro	1990	20.8%	Not published	Not published	-5.0 pp vs world	17.4%	Not published	Not published	-7.6 pp vs world	3.4%	Not published	Not published	+2.6 pp vs world
Montenegro	1991	20.8%	Not published	Not published	-4.4 pp vs world	17.4%	Not published	Not published	-6.8 pp vs world	3.4%	Not published	Not published	+2.4 pp vs world
Montenegro	1992	20.8%	Not published	Not published	-3.9 pp vs world	17.4%	Not published	Not published	-6.4 pp vs world	3.4%	Not published	Not published	+2.6 pp vs world
Montenegro	1993	20.8%	Not published	Not published	-3.4 pp vs world	17.4%	Not published	Not published	-6.2 pp vs world	3.4%	Not published	Not published	+2.9 pp vs world
Montenegro	1994	20.8%	Not published	Not published	-3.6 pp vs world	17.4%	Not published	Not published	-6.2 pp vs world	3.4%	Not published	Not published	+2.6 pp vs world
Montenegro	1995	20.9%	Not published	Not published	-3.7 pp vs world	17.5%	Not published	Not published	-6.2 pp vs world	3.4%	Not published	Not published	+2.5 pp vs world
Montenegro	1996	20.7%	Not published	Not published	-3.7 pp vs world	17.4%	Not published	Not published	-6.4 pp vs world	3.3%	Not published	Not published	+2.7 pp vs world
Montenegro	1997	20.8%	Not published	Not published	-3.5 pp vs world	17.4%	Not published	Not published	-6.0 pp vs world	3.4%	Not published	Not published	+2.5 pp vs world
Montenegro	1998	21.1%	Not published	Not published	-2.9 pp vs world	17.6%	Not published	Not published	-5.7 pp vs world	3.5%	Not published	Not published	+2.9 pp vs world
Montenegro	1999	20.2%	Not published	Not published	-3.7 pp vs world	17.0%	Not published	Not published	-6.4 pp vs world	3.2%	Not published	Not published	+2.8 pp vs world
Montenegro	2000	21.1%	Not published	Not published	-3.2 pp vs world	17.6%	Not published	Not published	-6.0 pp vs world	3.4%	Not published	Not published	+2.8 pp vs world
Montenegro	2001	21.6%	Not published	Not published	-1.9 pp vs world	17.9%	Not published	Not published	-5.3 pp vs world	3.7%	Not published	Not published	+3.4 pp vs world
Montenegro	2002	16.9%	Not published	Not published	-6.1 pp vs world	14.7%	Not published	Not published	-8.0 pp vs world	2.2%	Not published	Not published	+1.9 pp vs world
Montenegro	2003	14.0%	Not published	Not published	-9.1 pp vs world	13.5%	Not published	Not published	-9.3 pp vs world	0.5%	Not published	Not published	+0.1 pp vs world
Montenegro	2004	15.4%	Not published	Not published	-8.5 pp vs world	17.7%	Not published	Not published	-5.4 pp vs world	-2.3%	Not published	Not published	-3.1 pp vs world
Montenegro	2005	16.7%	Not published	Not published	-7.5 pp vs world	19.0%	Not published	Not published	-4.7 pp vs world	-2.2%	Not published	Not published	-2.9 pp vs world
Montenegro	2006	23.7%	Not published	Not published	-1.2 pp vs world	22.8%	Not published	Not published	-1.3 pp vs world	0.9%	Not published	Not published	+0.1 pp vs world
Montenegro	2007	34.5%	Not published	Not published	+9.2 pp vs world	32.8%	Not published	Not published	+8.5 pp vs world	1.7%	Not published	Not published	+0.7 pp vs world
Montenegro	2008	40.8%	Not published	Not published	+15.5 pp vs world	39.0%	Not published	Not published	+14.6 pp vs world	1.8%	Not published	Not published	+0.8 pp vs world
Montenegro	2009	26.7%	Not published	Not published	+3.3 pp vs world	27.2%	Not published	Not published	+3.6 pp vs world	-0.6%	Not published	Not published	-0.3 pp vs world
Montenegro	2010	22.3%	Not published	Not published	-2.3 pp vs world	22.1%	Not published	Not published	-1.5 pp vs world	0.2%	Not published	Not published	-0.8 pp vs world
Montenegro	2011	19.1%	Not published	Not published	-6.2 pp vs world	20.1%	Not published	Not published	-4.0 pp vs world	-1.0%	Not published	Not published	-2.2 pp vs world
Montenegro	2012	20.1%	Not published	Not published	-5.3 pp vs world	20.3%	Not published	Not published	-4.2 pp vs world	-0.2%	Not published	Not published	-1.1 pp vs world
Montenegro	2013	18.8%	Not published	Not published	-6.6 pp vs world	20.4%	Not published	Not published	-4.2 pp vs world	-1.6%	Not published	Not published	-2.4 pp vs world
Montenegro	2014	19.5%	Not published	Not published	-6.2 pp vs world	19.4%	Not published	Not published	-5.4 pp vs world	0.1%	Not published	Not published	-0.8 pp vs world
Montenegro	2015	19.7%	Not published	Not published	-6.0 pp vs world	20.7%	Not published	Not published	-4.3 pp vs world	-1.0%	Not published	Not published	-1.7 pp vs world
Montenegro	2016	25.0%	Not published	Not published	-0.4 pp vs world	24.9%	Not published	Not published	+0.0 pp vs world	0.0%	Not published	Not published	-0.5 pp vs world
Montenegro	2017	28.6%	Not published	Not published	+2.7 pp vs world	27.2%	Not published	Not published	+2.1 pp vs world	1.4%	Not published	Not published	+0.7 pp vs world
Montenegro	2018	31.4%	Not published	Not published	+5.0 pp vs world	29.8%	Not published	Not published	+4.2 pp vs world	1.6%	Not published	Not published	+0.9 pp vs world
Montenegro	2019	30.9%	Not published	Not published	+4.5 pp vs world	27.6%	Not published	Not published	+1.7 pp vs world	3.3%	Not published	Not published	+2.8 pp vs world
Montenegro	2020	30.1%	Not published	Not published	+3.8 pp vs world	28.2%	Not published	Not published	+2.2 pp vs world	1.9%	Not published	Not published	+1.6 pp vs world
Montenegro	2021	25.5%	Not published	Not published	-1.6 pp vs world	22.2%	Not published	Not published	-3.8 pp vs world	3.2%	Not published	Not published	+2.2 pp vs world
Montenegro	2022	27.6%	Not published	Not published	+0.4 pp vs world	21.7%	Not published	Not published	-4.2 pp vs world	5.8%	Not published	Not published	+4.6 pp vs world
Montenegro	2023	25.4%	Not published	Not published	-0.8 pp vs world	20.4%	Not published	Not published	-5.3 pp vs world	5.0%	Not published	Not published	+4.5 pp vs world
Montenegro	2024	25.9%	Not published	Not published	-0.1 pp vs world	21.1%	Not published	Not published	-4.4 pp vs world	4.8%	Not published	Not published	+4.3 pp vs world

Calculations created by Tesseron World Observatory, data from UNSD Analysis of Main Aggregates (2026-01-28_89ede278; source updated 2026-01-28T00:00:00).

Interpretation note

A larger investment share is not automatically better; depreciation, utilization and project quality are outside this accounting measure.

Latest common comparison

Europe21.8%2024

Southern Europe21.6%2024

World26.0%2024

07 · Trade structure and external balance

How exposed is the economy to trade, and what is the external balance?

Exports, imports, openness and net exports distinguish exposure from surplus or deficit.

Full historical record

Trade openness

Exports, imports, openness and net exports distinguish exposure from surplus or deficit.

Montenegro is shown against compatible UN benchmarks. The three fixed eras are labeled on the chart and summarized below.

Created by Tesseron World Observatory; data from UN Statistics Division Analysis of Main Aggregates – 28 January 2026 data snapshot.

MontenegroSouthern EuropeEuropeWorldCurrent prices · percent

Formation1970–1990

85.5% → 85.5%

Percentage-point change: 0.0 pp

Integration1990–2010

85.5% → 98.9%

Percentage-point change: +13.3 pp

Current era2010–2024

98.9% → 109.9%

Percentage-point change: +11.1 pp

Exports43.7%2024 · Published series · World rank unavailable

Imports66.2%2024 · Published series · World rank unavailable

Net exports-22.4%2024 · Derived measure · World rank unavailable

Trade openness109.9%2024 · Derived measure · World rank unavailable

Trade structure and external balance: annual rates, ranks and comparison indices35 annual rows

Annual non-duplicative measures used in the trade structure and external balance section. Annual rows cover the full 1970–2024 AMA record wherever the source publishes a value. World ranks run highest-to-lowest. The position index converts rank to a 0–100 scale: 100 is first and 0 is last; it is not a performance score. World comparison is either a world-equals-100 value index or a percentage-point gap, according to the measure.

Filter rows

From yearTo year

Showing 35 of 35 rows

Trade structure and external balance: annual rates, ranks and comparison indices

Montenegro	1990	30.5%	Not published	Not published	+11.5 pp vs world	55.0%	Not published	Not published	+35.9 pp vs world	-24.5%	Not published	Not published	-24.3 pp vs world	85.5%	Not published	Not published	+47.4 pp vs world
Montenegro	1991	30.5%	Not published	Not published	+11.9 pp vs world	55.0%	Not published	Not published	+36.3 pp vs world	-24.5%	Not published	Not published	-24.5 pp vs world	85.5%	Not published	Not published	+48.2 pp vs world
Montenegro	1992	30.5%	Not published	Not published	+10.7 pp vs world	55.0%	Not published	Not published	+35.6 pp vs world	-24.5%	Not published	Not published	-24.9 pp vs world	85.5%	Not published	Not published	+46.3 pp vs world
Montenegro	1993	30.5%	Not published	Not published	+11.7 pp vs world	55.1%	Not published	Not published	+36.8 pp vs world	-24.6%	Not published	Not published	-25.1 pp vs world	85.6%	Not published	Not published	+48.5 pp vs world
Montenegro	1994	30.5%	Not published	Not published	+11.0 pp vs world	54.8%	Not published	Not published	+35.9 pp vs world	-24.4%	Not published	Not published	-24.9 pp vs world	85.3%	Not published	Not published	+46.9 pp vs world
Montenegro	1995	30.5%	Not published	Not published	+9.9 pp vs world	55.1%	Not published	Not published	+34.9 pp vs world	-24.5%	Not published	Not published	-25.0 pp vs world	85.6%	Not published	Not published	+44.8 pp vs world
Montenegro	1996	30.5%	Not published	Not published	+9.4 pp vs world	55.4%	Not published	Not published	+34.7 pp vs world	-24.9%	Not published	Not published	-25.4 pp vs world	85.9%	Not published	Not published	+44.1 pp vs world
Montenegro	1997	30.4%	Not published	Not published	+8.4 pp vs world	54.1%	Not published	Not published	+32.6 pp vs world	-23.7%	Not published	Not published	-24.2 pp vs world	84.5%	Not published	Not published	+41.0 pp vs world
Montenegro	1998	30.7%	Not published	Not published	+8.9 pp vs world	55.7%	Not published	Not published	+34.3 pp vs world	-25.0%	Not published	Not published	-25.4 pp vs world	86.4%	Not published	Not published	+43.2 pp vs world
Montenegro	1999	30.3%	Not published	Not published	+8.5 pp vs world	56.4%	Not published	Not published	+34.9 pp vs world	-26.2%	Not published	Not published	-26.4 pp vs world	86.7%	Not published	Not published	+43.3 pp vs world
Montenegro	2000	30.2%	Not published	Not published	+6.7 pp vs world	50.0%	Not published	Not published	+26.6 pp vs world	-19.8%	Not published	Not published	-19.9 pp vs world	80.3%	Not published	Not published	+33.3 pp vs world
Montenegro	2001	31.0%	Not published	Not published	+8.1 pp vs world	59.7%	Not published	Not published	+36.7 pp vs world	-28.6%	Not published	Not published	-28.6 pp vs world	90.7%	Not published	Not published	+44.8 pp vs world
Montenegro	2002	28.0%	Not published	Not published	+4.8 pp vs world	56.4%	Not published	Not published	+33.4 pp vs world	-28.5%	Not published	Not published	-28.7 pp vs world	84.4%	Not published	Not published	+38.2 pp vs world
Montenegro	2003	24.5%	Not published	Not published	+0.6 pp vs world	44.8%	Not published	Not published	+21.0 pp vs world	-20.3%	Not published	Not published	-20.5 pp vs world	69.3%	Not published	Not published	+21.6 pp vs world
Montenegro	2004	34.3%	Not published	Not published	+8.5 pp vs world	56.5%	Not published	Not published	+31.0 pp vs world	-22.2%	Not published	Not published	-22.5 pp vs world	90.8%	Not published	Not published	+39.6 pp vs world
Montenegro	2005	36.3%	Not published	Not published	+9.2 pp vs world	60.6%	Not published	Not published	+34.0 pp vs world	-24.3%	Not published	Not published	-24.8 pp vs world	96.9%	Not published	Not published	+43.2 pp vs world
Montenegro	2006	40.6%	Not published	Not published	+11.9 pp vs world	77.6%	Not published	Not published	+49.5 pp vs world	-36.9%	Not published	Not published	-37.6 pp vs world	118.2%	Not published	Not published	+61.4 pp vs world
Montenegro	2007	43.0%	Not published	Not published	+13.4 pp vs world	85.8%	Not published	Not published	+57.0 pp vs world	-42.8%	Not published	Not published	-43.5 pp vs world	128.8%	Not published	Not published	+70.4 pp vs world
Montenegro	2008	39.6%	Not published	Not published	+8.6 pp vs world	92.9%	Not published	Not published	+62.7 pp vs world	-53.4%	Not published	Not published	-54.1 pp vs world	132.5%	Not published	Not published	+71.3 pp vs world
Montenegro	2009	34.5%	Not published	Not published	+8.2 pp vs world	65.4%	Not published	Not published	+39.8 pp vs world	-30.9%	Not published	Not published	-31.5 pp vs world	99.8%	Not published	Not published	+48.0 pp vs world
Montenegro	2010	36.7%	Not published	Not published	+8.1 pp vs world	62.2%	Not published	Not published	+34.5 pp vs world	-25.4%	Not published	Not published	-26.4 pp vs world	98.9%	Not published	Not published	+42.6 pp vs world
Montenegro	2011	42.4%	Not published	Not published	+12.1 pp vs world	64.3%	Not published	Not published	+34.8 pp vs world	-21.9%	Not published	Not published	-22.8 pp vs world	106.8%	Not published	Not published	+46.9 pp vs world
Montenegro	2012	42.2%	Not published	Not published	+12.1 pp vs world	66.6%	Not published	Not published	+37.4 pp vs world	-24.3%	Not published	Not published	-25.3 pp vs world	108.8%	Not published	Not published	+49.5 pp vs world
Montenegro	2013	41.8%	Not published	Not published	+11.6 pp vs world	62.0%	Not published	Not published	+32.9 pp vs world	-20.3%	Not published	Not published	-21.3 pp vs world	103.8%	Not published	Not published	+44.6 pp vs world
Montenegro	2014	40.3%	Not published	Not published	+10.5 pp vs world	60.2%	Not published	Not published	+31.2 pp vs world	-19.9%	Not published	Not published	-20.7 pp vs world	100.4%	Not published	Not published	+41.8 pp vs world
Montenegro	2015	42.7%	Not published	Not published	+14.6 pp vs world	61.4%	Not published	Not published	+33.9 pp vs world	-18.7%	Not published	Not published	-19.3 pp vs world	104.1%	Not published	Not published	+48.5 pp vs world
Montenegro	2016	40.8%	Not published	Not published	+13.6 pp vs world	63.4%	Not published	Not published	+37.0 pp vs world	-22.6%	Not published	Not published	-23.4 pp vs world	104.1%	Not published	Not published	+50.6 pp vs world
Montenegro	2017	41.5%	Not published	Not published	+13.4 pp vs world	65.2%	Not published	Not published	+37.9 pp vs world	-23.7%	Not published	Not published	-24.5 pp vs world	106.7%	Not published	Not published	+51.3 pp vs world
Montenegro	2018	43.5%	Not published	Not published	+14.4 pp vs world	67.6%	Not published	Not published	+39.4 pp vs world	-24.2%	Not published	Not published	-25.0 pp vs world	111.1%	Not published	Not published	+53.8 pp vs world
Montenegro	2019	44.3%	Not published	Not published	+16.2 pp vs world	65.7%	Not published	Not published	+38.2 pp vs world	-21.4%	Not published	Not published	-22.0 pp vs world	110.0%	Not published	Not published	+54.4 pp vs world
Montenegro	2020	26.3%	Not published	Not published	+0.2 pp vs world	61.6%	Not published	Not published	+36.2 pp vs world	-35.4%	Not published	Not published	-36.1 pp vs world	87.9%	Not published	Not published	+36.4 pp vs world
Montenegro	2021	43.1%	Not published	Not published	+14.5 pp vs world	62.6%	Not published	Not published	+35.0 pp vs world	-19.5%	Not published	Not published	-20.5 pp vs world	105.7%	Not published	Not published	+49.4 pp vs world
Montenegro	2022	51.3%	Not published	Not published	+20.4 pp vs world	74.1%	Not published	Not published	+44.0 pp vs world	-22.8%	Not published	Not published	-23.6 pp vs world	125.5%	Not published	Not published	+64.4 pp vs world
Montenegro	2023	49.2%	Not published	Not published	+20.2 pp vs world	67.6%	Not published	Not published	+39.2 pp vs world	-18.3%	Not published	Not published	-19.1 pp vs world	116.8%	Not published	Not published	+59.4 pp vs world
Montenegro	2024	43.7%	Not published	Not published	+14.8 pp vs world	66.2%	Not published	Not published	+38.1 pp vs world	-22.4%	Not published	Not published	-23.3 pp vs world	109.9%	Not published	Not published	+52.9 pp vs world

Calculations created by Tesseron World Observatory, data from UNSD Analysis of Main Aggregates (2026-01-28_89ede278; source updated 2026-01-28T00:00:00).

Interpretation note

Trade openness is exports plus imports relative to GDP. Imports are positive in the source but subtracted in the expenditure identity.

Latest common comparison

Europe88.4%2024

Southern Europe72.9%2024

World57.1%2024

08 · Industry mix and structural change

Which activities produce value, and how is the mix changing?

Six mutually exclusive activities show the production structure. Manufacturing remains nested inside its parent activity.

Full historical record

Structural change across six activities

Other activities is the largest current activity at 42.3%. Each activity shows change separately for 1970–1990, 1990–2010, and 2010–current.

AMA activity values measure gross value added, not sales, revenue, shipments, gross output, or physical production.

Agriculture, forestry and fishing4.4%

1970–19900.0 pp1990–2010-5.5 pp2010–2024-2.2 pp

World specialization: 1.03×

Mining, manufacturing and utilities10.5%

1970–19900.0 pp1990–2010-6.7 pp2010–2024-4.1 pp

World specialization: 0.49×

Construction4.9%

1970–19900.0 pp1990–2010+2.0 pp2010–2024-1.2 pp

World specialization: 0.84×

Trade, restaurants and hotels27.1%

1970–19900.0 pp1990–2010+4.6 pp2010–2024+6.9 pp

World specialization: 1.88×

Transport, storage and communication10.9%

1970–19900.0 pp1990–2010+0.4 pp2010–2024-2.0 pp

World specialization: 1.11×

Other activities42.3%

1970–19900.0 pp1990–2010+5.3 pp2010–2024+2.5 pp

World specialization: 0.95×

Industry composition and economic scale

The 100% area view isolates changes in production mix. The current-dollar area view combines those shares with nominal GDP so the total height also shows the expansion or contraction of the economy.

Created by Tesseron World Observatory; data from UN Statistics Division Analysis of Main Aggregates – 28 January 2026 data snapshot.

Agriculture, forestry and fishingMining, manufacturing and utilitiesConstructionTrade, restaurants and hotelsTransport, storage and communicationOther activitiesShare of total gross value added

Formation1970–1990

34.5% → 34.5%

Percentage-point change: 0.0 pp

Integration1990–2010

34.5% → 39.8%

Percentage-point change: +5.3 pp

Current era2010–2024

39.8% → 42.3%

Percentage-point change: +2.5 pp

How to read specialization

World specialization compares an activity's share of this country's gross value added with that activity's share of world gross value added. A result of 1.00× means the shares match; above 1.00× means the activity is relatively more prominent locally, while below 1.00× means it is relatively less prominent. It describes economic structure, not productivity or competitiveness.

Current specialization against world

Agriculture, forestry and fishing1.03×

Mining, manufacturing and utilities0.49×

Construction0.84×

Trade, restaurants and hotels1.88×

Transport, storage and communication1.11×

Other activities0.95×

Industry mix, specialization and world comparison table35 annual rows

Annual shares for the six mutually exclusive broad industries, with world comparisons and ranks wherever comparable data exist. Annual rows cover the full 1970–2024 AMA record wherever the source publishes a value. World ranks run highest-to-lowest. The position index converts rank to a 0–100 scale: 100 is first and 0 is last; it is not a performance score. World comparison is either a world-equals-100 value index or a percentage-point gap, according to the measure.

Filter rows

From yearTo year

Showing 35 of 35 rows

Industry mix, specialization and world comparison table

Montenegro	1990	12.1%	Not published	Not published	+6.9 pp vs world	21.3%	Not published	Not published	-5.3 pp vs world	4.1%	Not published	Not published	-2.2 pp vs world	15.7%	Not published	Not published	+1.2 pp vs world	12.4%	Not published	Not published	+4.3 pp vs world	34.5%	Not published	Not published	-5.0 pp vs world
Montenegro	1991	12.1%	Not published	Not published	+7.3 pp vs world	21.2%	Not published	Not published	-4.8 pp vs world	4.1%	Not published	Not published	-2.0 pp vs world	15.7%	Not published	Not published	+0.8 pp vs world	12.4%	Not published	Not published	+4.2 pp vs world	34.5%	Not published	Not published	-5.7 pp vs world
Montenegro	1992	12.1%	Not published	Not published	+7.8 pp vs world	21.2%	Not published	Not published	-4.1 pp vs world	4.1%	Not published	Not published	-1.8 pp vs world	15.7%	Not published	Not published	+0.3 pp vs world	12.4%	Not published	Not published	+4.2 pp vs world	34.5%	Not published	Not published	-6.5 pp vs world
Montenegro	1993	12.1%	Not published	Not published	+7.9 pp vs world	21.3%	Not published	Not published	-3.5 pp vs world	4.1%	Not published	Not published	-1.9 pp vs world	15.6%	Not published	Not published	+0.6 pp vs world	12.5%	Not published	Not published	+4.1 pp vs world	34.5%	Not published	Not published	-7.3 pp vs world
Montenegro	1994	12.1%	Not published	Not published	+8.0 pp vs world	21.2%	Not published	Not published	-3.3 pp vs world	4.1%	Not published	Not published	-1.9 pp vs world	15.7%	Not published	Not published	+0.4 pp vs world	12.4%	Not published	Not published	+4.0 pp vs world	34.5%	Not published	Not published	-6.6 pp vs world
Montenegro	1995	12.1%	Not published	Not published	+8.1 pp vs world	21.3%	Not published	Not published	-3.3 pp vs world	4.1%	Not published	Not published	-1.7 pp vs world	15.6%	Not published	Not published	+0.5 pp vs world	12.5%	Not published	Not published	+3.9 pp vs world	34.5%	Not published	Not published	-7.6 pp vs world
Montenegro	1996	12.0%	Not published	Not published	+8.0 pp vs world	21.3%	Not published	Not published	-3.0 pp vs world	4.1%	Not published	Not published	-1.7 pp vs world	15.6%	Not published	Not published	+0.6 pp vs world	12.5%	Not published	Not published	+4.0 pp vs world	34.5%	Not published	Not published	-7.9 pp vs world
Montenegro	1997	12.1%	Not published	Not published	+8.1 pp vs world	21.1%	Not published	Not published	-2.9 pp vs world	4.1%	Not published	Not published	-1.4 pp vs world	15.8%	Not published	Not published	+0.8 pp vs world	12.2%	Not published	Not published	+3.5 pp vs world	34.7%	Not published	Not published	-8.1 pp vs world
Montenegro	1998	12.0%	Not published	Not published	+8.2 pp vs world	21.4%	Not published	Not published	-1.7 pp vs world	4.0%	Not published	Not published	-1.4 pp vs world	15.5%	Not published	Not published	+0.4 pp vs world	12.7%	Not published	Not published	+3.7 pp vs world	34.4%	Not published	Not published	-9.1 pp vs world
Montenegro	1999	12.0%	Not published	Not published	+8.4 pp vs world	21.4%	Not published	Not published	-1.7 pp vs world	4.0%	Not published	Not published	-1.4 pp vs world	15.5%	Not published	Not published	+0.4 pp vs world	12.7%	Not published	Not published	+3.6 pp vs world	34.4%	Not published	Not published	-9.3 pp vs world
Montenegro	2000	12.3%	Not published	Not published	+8.9 pp vs world	20.6%	Not published	Not published	-2.9 pp vs world	4.2%	Not published	Not published	-1.1 pp vs world	16.5%	Not published	Not published	+1.4 pp vs world	11.1%	Not published	Not published	+2.1 pp vs world	35.3%	Not published	Not published	-8.3 pp vs world
Montenegro	2001	11.1%	Not published	Not published	+7.6 pp vs world	22.4%	Not published	Not published	-0.2 pp vs world	3.9%	Not published	Not published	-1.5 pp vs world	14.7%	Not published	Not published	-0.3 pp vs world	14.3%	Not published	Not published	+5.1 pp vs world	33.6%	Not published	Not published	-10.8 pp vs world
Montenegro	2002	10.6%	Not published	Not published	+7.2 pp vs world	21.9%	Not published	Not published	-0.2 pp vs world	4.1%	Not published	Not published	-1.2 pp vs world	15.6%	Not published	Not published	+0.7 pp vs world	13.0%	Not published	Not published	+3.6 pp vs world	34.9%	Not published	Not published	-10.1 pp vs world
Montenegro	2003	9.5%	Not published	Not published	+6.1 pp vs world	21.4%	Not published	Not published	-0.8 pp vs world	3.4%	Not published	Not published	-1.9 pp vs world	15.5%	Not published	Not published	+0.7 pp vs world	12.4%	Not published	Not published	+3.1 pp vs world	37.8%	Not published	Not published	-7.3 pp vs world
Montenegro	2004	8.4%	Not published	Not published	+4.9 pp vs world	21.1%	Not published	Not published	-1.5 pp vs world	3.5%	Not published	Not published	-1.9 pp vs world	15.5%	Not published	Not published	+0.8 pp vs world	12.6%	Not published	Not published	+3.1 pp vs world	38.9%	Not published	Not published	-5.4 pp vs world
Montenegro	2005	7.6%	Not published	Not published	+4.3 pp vs world	19.3%	Not published	Not published	-3.8 pp vs world	3.6%	Not published	Not published	-1.9 pp vs world	16.2%	Not published	Not published	+1.7 pp vs world	12.5%	Not published	Not published	+3.1 pp vs world	40.8%	Not published	Not published	-3.4 pp vs world
Montenegro	2006	6.9%	Not published	Not published	+3.6 pp vs world	18.2%	Not published	Not published	-5.3 pp vs world	4.4%	Not published	Not published	-1.3 pp vs world	17.4%	Not published	Not published	+3.1 pp vs world	13.2%	Not published	Not published	+3.9 pp vs world	39.8%	Not published	Not published	-4.0 pp vs world
Montenegro	2007	6.5%	Not published	Not published	+2.9 pp vs world	14.5%	Not published	Not published	-9.1 pp vs world	7.4%	Not published	Not published	+1.7 pp vs world	22.8%	Not published	Not published	+8.5 pp vs world	12.4%	Not published	Not published	+3.1 pp vs world	36.5%	Not published	Not published	-7.1 pp vs world
Montenegro	2008	6.6%	Not published	Not published	+2.9 pp vs world	14.5%	Not published	Not published	-9.5 pp vs world	8.0%	Not published	Not published	+2.4 pp vs world	21.2%	Not published	Not published	+7.1 pp vs world	12.5%	Not published	Not published	+3.2 pp vs world	37.1%	Not published	Not published	-6.0 pp vs world
Montenegro	2009	7.2%	Not published	Not published	+3.4 pp vs world	14.4%	Not published	Not published	-7.9 pp vs world	6.8%	Not published	Not published	+1.2 pp vs world	21.2%	Not published	Not published	+7.1 pp vs world	12.4%	Not published	Not published	+3.2 pp vs world	38.1%	Not published	Not published	-6.9 pp vs world
Montenegro	2010	6.6%	Not published	Not published	+2.5 pp vs world	14.6%	Not published	Not published	-9.1 pp vs world	6.0%	Not published	Not published	+0.7 pp vs world	20.2%	Not published	Not published	+6.2 pp vs world	12.8%	Not published	Not published	+3.8 pp vs world	39.8%	Not published	Not published	-4.1 pp vs world
Montenegro	2011	6.2%	Not published	Not published	+2.0 pp vs world	11.7%	Not published	Not published	-12.5 pp vs world	6.4%	Not published	Not published	+1.0 pp vs world	23.0%	Not published	Not published	+9.0 pp vs world	12.2%	Not published	Not published	+3.3 pp vs world	40.5%	Not published	Not published	-2.7 pp vs world
Montenegro	2012	5.8%	Not published	Not published	+1.6 pp vs world	12.0%	Not published	Not published	-12.1 pp vs world	5.8%	Not published	Not published	+0.3 pp vs world	23.4%	Not published	Not published	+9.3 pp vs world	11.3%	Not published	Not published	+2.5 pp vs world	41.6%	Not published	Not published	-1.6 pp vs world
Montenegro	2013	6.4%	Not published	Not published	+1.9 pp vs world	13.8%	Not published	Not published	-10.0 pp vs world	5.2%	Not published	Not published	-0.3 pp vs world	22.9%	Not published	Not published	+8.8 pp vs world	10.7%	Not published	Not published	+1.7 pp vs world	41.1%	Not published	Not published	-2.2 pp vs world
Montenegro	2014	6.3%	Not published	Not published	+1.9 pp vs world	13.1%	Not published	Not published	-10.2 pp vs world	4.6%	Not published	Not published	-1.0 pp vs world	23.0%	Not published	Not published	+8.9 pp vs world	10.2%	Not published	Not published	+1.2 pp vs world	42.8%	Not published	Not published	-0.8 pp vs world
Montenegro	2015	6.0%	Not published	Not published	+1.6 pp vs world	12.3%	Not published	Not published	-10.0 pp vs world	5.2%	Not published	Not published	-0.4 pp vs world	24.4%	Not published	Not published	+10.2 pp vs world	10.1%	Not published	Not published	+1.0 pp vs world	41.9%	Not published	Not published	-2.3 pp vs world
Montenegro	2016	5.8%	Not published	Not published	+1.4 pp vs world	12.0%	Not published	Not published	-9.7 pp vs world	6.9%	Not published	Not published	+1.3 pp vs world	23.6%	Not published	Not published	+9.3 pp vs world	10.0%	Not published	Not published	+0.8 pp vs world	41.7%	Not published	Not published	-3.1 pp vs world
Montenegro	2017	5.4%	Not published	Not published	+1.1 pp vs world	11.0%	Not published	Not published	-11.0 pp vs world	7.2%	Not published	Not published	+1.5 pp vs world	25.3%	Not published	Not published	+11.0 pp vs world	10.1%	Not published	Not published	+0.8 pp vs world	41.0%	Not published	Not published	-3.4 pp vs world
Montenegro	2018	4.9%	Not published	Not published	+0.8 pp vs world	12.4%	Not published	Not published	-10.1 pp vs world	7.4%	Not published	Not published	+1.7 pp vs world	24.9%	Not published	Not published	+10.7 pp vs world	10.1%	Not published	Not published	+0.8 pp vs world	40.3%	Not published	Not published	-3.9 pp vs world
Montenegro	2019	4.6%	Not published	Not published	+0.3 pp vs world	11.8%	Not published	Not published	-9.9 pp vs world	8.5%	Not published	Not published	+2.7 pp vs world	25.4%	Not published	Not published	+11.2 pp vs world	10.0%	Not published	Not published	+0.5 pp vs world	39.7%	Not published	Not published	-4.8 pp vs world
Montenegro	2020	5.1%	Not published	Not published	+0.5 pp vs world	13.4%	Not published	Not published	-7.6 pp vs world	7.9%	Not published	Not published	+2.2 pp vs world	18.4%	Not published	Not published	+4.7 pp vs world	9.6%	Not published	Not published	+0.3 pp vs world	45.7%	Not published	Not published	+0.1 pp vs world
Montenegro	2021	4.7%	Not published	Not published	+0.1 pp vs world	12.3%	Not published	Not published	-10.0 pp vs world	6.0%	Not published	Not published	+0.3 pp vs world	25.0%	Not published	Not published	+11.1 pp vs world	9.5%	Not published	Not published	+0.1 pp vs world	42.4%	Not published	Not published	-1.6 pp vs world
Montenegro	2022	5.0%	Not published	Not published	+0.4 pp vs world	11.1%	Not published	Not published	-11.7 pp vs world	5.6%	Not published	Not published	-0.1 pp vs world	27.6%	Not published	Not published	+13.4 pp vs world	11.1%	Not published	Not published	+1.5 pp vs world	39.7%	Not published	Not published	-3.5 pp vs world
Montenegro	2023	4.7%	Not published	Not published	+0.4 pp vs world	11.1%	Not published	Not published	-10.7 pp vs world	4.8%	Not published	Not published	-1.0 pp vs world	27.7%	Not published	Not published	+13.2 pp vs world	10.8%	Not published	Not published	+1.1 pp vs world	41.1%	Not published	Not published	-3.0 pp vs world
Montenegro	2024	4.4%	Not published	Not published	+0.1 pp vs world	10.5%	Not published	Not published	-10.7 pp vs world	4.9%	Not published	Not published	-0.9 pp vs world	27.1%	Not published	Not published	+12.7 pp vs world	10.9%	Not published	Not published	+1.1 pp vs world	42.3%	Not published	Not published	-2.2 pp vs world

Calculations created by Tesseron World Observatory, data from UNSD Analysis of Main Aggregates (2026-01-28_89ede278; source updated 2026-01-28T00:00:00).

09 · Manufacturing position

What role does manufacturing play at home and in the world?

Domestic share, its place inside the parent industry, real growth, specialization and world contribution are kept together.

Full historical record

Manufacturing in the economic structure

Manufacturing accounts for 4.2% of total gross value added in 2024. In 2024, Montenegro was 11.5 percentage points below the world value.

Latest share: 4.2%
World specialization: 0.27×
Latest year: 2024

Formation1970–1990

11.4% → 11.4%

Percentage-point change: 0.0 pp

Integration1990–2010

11.4% → 5.4%

Percentage-point change: -6.0 pp

Current era2010–2024

5.4% → 4.2%

Percentage-point change: -1.2 pp

Share of total GVA4.2%2024 · Derived measure · World rank unavailable

Share within parent activity40.1%2024 · Derived measure · World rank unavailable

Real manufacturing growth15.9%2024 · Published series · World rank 10 of 210 · highest-to-lowest

Share of world manufacturing0.0%2024 · Derived measure · World rank 166 of 210 · highest-to-lowest

Manufacturing annual rates, ranks and specialization table35 annual rows

Manufacturing's annual structural, growth and world-position measures. Annual rows cover the full 1970–2024 AMA record wherever the source publishes a value. World ranks run highest-to-lowest. The position index converts rank to a 0–100 scale: 100 is first and 0 is last; it is not a performance score. World comparison is either a world-equals-100 value index or a percentage-point gap, according to the measure.

Filter rows

From yearTo year

Showing 35 of 35 rows

Manufacturing annual rates, ranks and specialization table

Montenegro	1990	11.4%	Not published	Not published	-9.4 pp vs world	53.6%	Not published	Not published	-24.8 pp vs world	Not published	Not published	Not published	Not published	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	1991	11.4%	Not published	Not published	-9.1 pp vs world	53.6%	Not published	Not published	-25.1 pp vs world	-10.8%	Not published	Not published	-10.8 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	1992	11.4%	Not published	Not published	-8.4 pp vs world	53.6%	Not published	Not published	-24.6 pp vs world	-23.5%	Not published	Not published	-22.9 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	1993	11.4%	Not published	Not published	-7.7 pp vs world	53.7%	Not published	Not published	-23.8 pp vs world	-36.6%	Not published	Not published	-35.9 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	1994	11.4%	Not published	Not published	-7.8 pp vs world	53.5%	Not published	Not published	-24.8 pp vs world	1.5%	Not published	Not published	-2.0 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	1995	11.4%	Not published	Not published	-7.7 pp vs world	53.7%	Not published	Not published	-24.3 pp vs world	14.4%	Not published	Not published	+9.5 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	1996	11.5%	Not published	Not published	-7.1 pp vs world	53.9%	Not published	Not published	-22.6 pp vs world	27.2%	Not published	Not published	+24.7 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	1997	11.2%	Not published	Not published	-7.1 pp vs world	53.0%	Not published	Not published	-23.1 pp vs world	6.9%	Not published	Not published	+2.3 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	1998	11.6%	Not published	Not published	-6.2 pp vs world	54.3%	Not published	Not published	-22.5 pp vs world	4.9%	Not published	Not published	+3.5 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	1999	11.6%	Not published	Not published	-5.9 pp vs world	54.3%	Not published	Not published	-21.6 pp vs world	-9.6%	Not published	Not published	-12.9 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2000	10.3%	Not published	Not published	-7.1 pp vs world	50.2%	Not published	Not published	-23.7 pp vs world	16.9%	Not published	Not published	+10.5 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2001	13.1%	Not published	Not published	-3.3 pp vs world	58.5%	Not published	Not published	-14.1 pp vs world	2.5%	Not published	Not published	+3.2 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2002	12.1%	Not published	Not published	-3.8 pp vs world	55.5%	Not published	Not published	-16.6 pp vs world	-2.6%	Not published	Not published	-3.6 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2003	10.9%	Not published	Not published	-4.9 pp vs world	51.1%	Not published	Not published	-20.4 pp vs world	-4.6%	Not published	Not published	-8.1 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2004	11.1%	Not published	Not published	-6.2 pp vs world	52.8%	Not published	Not published	-23.8 pp vs world	7.4%	Not published	Not published	-12.2 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2005	10.8%	Not published	Not published	-6.3 pp vs world	55.8%	Not published	Not published	-18.1 pp vs world	7.4%	Not published	Not published	+3.1 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2006	10.5%	Not published	Not published	-6.5 pp vs world	57.8%	Not published	Not published	-14.7 pp vs world	6.1%	Not published	Not published	-0.6 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2007	7.0%	Not published	Not published	-10.1 pp vs world	48.4%	Not published	Not published	-24.1 pp vs world	-24.1%	Not published	Not published	-30.1 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2008	7.0%	Not published	Not published	-9.9 pp vs world	48.0%	Not published	Not published	-21.9 pp vs world	-5.4%	Not published	Not published	-6.6 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2009	5.6%	Not published	Not published	-10.6 pp vs world	38.9%	Not published	Not published	-33.8 pp vs world	-29.1%	Not published	Not published	-22.7 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2010	5.4%	Not published	Not published	-11.4 pp vs world	37.0%	Not published	Not published	-33.8 pp vs world	-7.2%	Not published	Not published	-16.3 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2011	5.5%	Not published	Not published	-11.4 pp vs world	46.6%	Not published	Not published	-22.8 pp vs world	4.1%	Not published	Not published	-0.2 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2012	4.6%	Not published	Not published	-12.1 pp vs world	38.4%	Not published	Not published	-31.1 pp vs world	-9.8%	Not published	Not published	-12.2 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2013	4.2%	Not published	Not published	-12.4 pp vs world	30.8%	Not published	Not published	-39.2 pp vs world	-1.1%	Not published	Not published	-4.3 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2014	4.4%	Not published	Not published	-12.3 pp vs world	33.6%	Not published	Not published	-38.2 pp vs world	2.4%	Not published	Not published	-1.7 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2015	4.3%	Not published	Not published	-12.7 pp vs world	35.0%	Not published	Not published	-41.2 pp vs world	2.0%	Not published	Not published	-1.6 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2016	4.2%	Not published	Not published	-12.6 pp vs world	35.1%	Not published	Not published	-42.3 pp vs world	0.8%	Not published	Not published	-1.7 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2017	4.3%	Not published	Not published	-12.4 pp vs world	39.1%	Not published	Not published	-37.0 pp vs world	6.2%	Not published	Not published	+2.9 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2018	4.6%	Not published	Not published	-12.3 pp vs world	37.2%	Not published	Not published	-37.9 pp vs world	9.7%	Not published	Not published	+5.8 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2019	4.3%	Not published	Not published	-12.1 pp vs world	36.8%	Not published	Not published	-38.8 pp vs world	0.4%	Not published	Not published	-1.0 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2020	4.6%	Not published	Not published	-11.7 pp vs world	34.8%	Not published	Not published	-42.8 pp vs world	-10.4%	Not published	Not published	-8.0 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2021	4.6%	Not published	Not published	-12.3 pp vs world	36.9%	Not published	Not published	-38.5 pp vs world	12.1%	Not published	Not published	+3.1 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2022	4.7%	Not published	Not published	-11.7 pp vs world	42.1%	Not published	Not published	-29.8 pp vs world	5.2%	Not published	Not published	+3.1 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2023	3.6%	Not published	Not published	-12.4 pp vs world	32.5%	Not published	Not published	-40.9 pp vs world	-9.6%	Not published	Not published	-11.2 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Montenegro	2024	4.2%	Not published	Not published	-11.5 pp vs world	40.1%	Not published	Not published	-34.0 pp vs world	15.9%	Not published	Not published	+13.0 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world

Calculations created by Tesseron World Observatory, data from UNSD Analysis of Main Aggregates (2026-01-28_89ede278; source updated 2026-01-28T00:00:00).

Interpretation note

Manufacturing is part of mining, manufacturing and utilities; it is not a seventh broad-industry slice. Share and real growth describe different dimensions.

Current manufacturing specialization

Europe0.29×

Southern Europe0.29×

World0.27×

Montenegro Economic Overview

Read the economy through three eras

What should a reader know first?

Real output, indexed to a shared starting year

Real GDP trajectory

How large is the economy, and where does it sit globally?

Nominal GDP

Nominal GDP and UN benchmarks

What does the record show per person?

GDP per person

GDP per person and UN benchmarks

How quickly has real activity changed, and how have output prices moved?

Real GDP growth

Real GDP growth and UN benchmarks

How is output used for consumption and domestic demand?

Final Consumption

Final consumption and UN benchmarks

How much current output is directed toward capital formation?

Gross Capital Formation

Gross capital formation and UN benchmarks

How exposed is the economy to trade, and what is the external balance?

Trade openness

Trade openness and UN benchmarks

Which activities produce value, and how is the mix changing?

Structural change across six activities

Industry composition and economic scale

Broad industry structure over time

What role does manufacturing play at home and in the world?

Manufacturing in the economic structure