Business enterprise R&D expenditure in high-tech sectors by NACE Rev. in Montenegro
Montenegro: Business enterprise R&D expenditure in high-tech sectors by NACE Rev. was 3.08 Million euro in 2024. ◆ Volatile
Latest (2024)
3.08 Million euro
Change on year
down 74.3%
World rank
52nd
of 52 countries
All-time high
11.99 Million euro
in 2023
All-time low
2.11 Million euro
in 2016
Years of data
12
2011–2024
Business enterprise R&D expenditure in high-tech sectors by NACE Rev. in Montenegro, 2011–2024
Source: Eurostat. Measured in Million euro.
Analysis
Montenegro recorded 3.08 Million euro for business enterprise r&d expenditure in high-tech sectors by nace rev. in 2024.
That represents a change of down 74.3% on the previous year and down 36.4% over ten years.
Over the whole period, business enterprise r&d expenditure in high-tech sectors by nace rev. in Montenegro peaked at 11.99 Million euro in 2023 and was at its lowest, 2.11 Million euro, in 2016.
Montenegro ranks 52nd of 52 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Business enterprise R&D expenditure in high-tech sectors by NACE Rev. in Montenegro, year by year
| Year | Million euro | Change |
|---|---|---|
| 2011 | 2.95 Million euro | — |
| 2013 | 6.21 Million euro | +110.7% |
| 2014 | 4.84 Million euro | -22.0% |
| 2015 | 4.16 Million euro | -14.0% |
| 2016 | 2.11 Million euro | -49.3% |
| 2017 | 2.81 Million euro | +33.2% |
| 2018 | 9.01 Million euro | +220.8% |
| 2019 | 2.48 Million euro | -72.5% |
| 2021 | 2.77 Million euro | +11.8% |
| 2022 | 6.58 Million euro | +137.5% |
| 2023 | 11.99 Million euro | +82.2% |
| 2024 | 3.08 Million euro | -74.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 4.32 Million euro | 2.11 Million euro | 9.01 Million euro | 8 |
| 2020s | 6.11 Million euro | 2.77 Million euro | 11.99 Million euro | 4 |
Countries ranked near Montenegro
- 49 Malta 86.78 Million euro compare
- 50 North Macedonia 14.86 Million euro compare
- 51 Bosnia and Herzegovina 14.25 Million euro compare
More economy & growth data for Montenegro
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.15 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3 Percent per annum (2029)
- Households and NPISHs Final consumption expenditure (current LCU) 10.1 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 0.7195 current LCU per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 10,661 current LCU per person (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 5.22 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.5794 constant 2015 US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 8,585 constant 2015 US$ per person (2025)
- Final consumption expenditure (current US$), annual growth rate 14.06 % change on previous year (2025)
- Final consumption expenditure (current US$), per unit of GDP 0.9871 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is business enterprise r&d expenditure in high-tech sectors by nace rev. in Montenegro?
- Business enterprise r&d expenditure in high-tech sectors by nace rev. in Montenegro was 3.08 Million euro in 2024, according to Eurostat.
- What is the highest business enterprise r&d expenditure in high-tech sectors by nace rev. recorded in Montenegro?
- The highest recorded value was 11.99 Million euro in 2023.
- What is the lowest business enterprise r&d expenditure in high-tech sectors by nace rev. recorded in Montenegro?
- The lowest recorded value was 2.11 Million euro in 2016.
- How does Montenegro rank for business enterprise r&d expenditure in high-tech sectors by nace rev.?
- Montenegro ranks 52nd out of 52 countries with data for 2024.
- Is business enterprise r&d expenditure in high-tech sectors by nace rev. rising or falling in Montenegro?
- Over the last ten years it is down 36.4%. The long-run trend across the full record is volatile.
- Where does this Montenegro data come from?
- The figures come from Eurostat, published as part of Business enterprise R&D expenditure in high-tech sectors by NACE Rev. 2. Statizoid updates them automatically from the source API.
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