Business enterprise R&D expenditure in high-tech sectors by NACE … 2 in Montenegro
Montenegro: Business enterprise R&D expenditure in high-tech sectors by NACE … 2 was 3.08 Million euro in 2024. ◆ Volatile
Latest (2024)
3.08 Million euro
Change on year
down 74.3%
World rank
54th
of 54 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 54th of 54 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 … 2 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% |
Montenegro compared with similar countries
- Montenegro's 3.08 Million euro is below the median for Europe & Central Asia, which is 3,162 Million euro, 0% of the median. (35 countries reporting)
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
- 51 North Macedonia 14.86 Million euro compare
- 51 North Macedonia 14.86 Million euro compare
- 53 Bosnia and Herzegovina 14.25 Million euro compare
More economy & growth data for Montenegro
- Real gdp growth, annual growth rate -14.66 % change on previous year (2025)
- 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)
- SDRs holdings, US dollar, annual growth rate 4.46 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0103 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 151.96 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.5233 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0075 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 110.96 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -21.12 % change on previous year (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 54th out of 54 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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