Gross value added and income by detailed industry (NACE Rev.2 ) in Montenegro
Montenegro: Gross value added and income by detailed industry (NACE Rev.2 ) was 131.9 Chain linked volumes, index 2020=100 in 2024. ▲ Rising
Latest (2024)
131.9 Chain linked volumes, index 2020=100
Change on year
up 1.9%
World rank
6th
of 46 countries
All-time high
131.9 Chain linked volumes, index 2020=100
in 2024
All-time low
79.76 Chain linked volumes, index 2020=100
in 2006
Years of data
19
2006–2024
Gross value added and income by detailed industry in Montenegro, 2006–2024
Source: Eurostat. Measured in Chain linked volumes, index 2020=100.
Analysis
The most recent figure for gross value added and income by detailed industry in Montenegro is 131.9 Chain linked volumes, index 2020=100, measured in 2024. That is the highest value across all 19 years on record.
Compared with earlier readings it is up 1.9% on the previous year and up 36.4% over ten years.
Over the whole period, gross value added and income by detailed industry in Montenegro peaked at 131.9 Chain linked volumes, index 2020=100 in 2024 and was at its lowest, 79.76 Chain linked volumes, index 2020=100, in 2006.
Montenegro ranks 6th of 46 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 19 years of available data.
Gross value added and income by detailed industry (NACE Rev.2 ) in Montenegro, year by year
| Year | Chain linked volumes, index 2020=100 | Change |
|---|---|---|
| 2006 | 79.76 Chain linked volumes, index 2020=100 | — |
| 2007 | 84.76 Chain linked volumes, index 2020=100 | +6.3% |
| 2008 | 90.44 Chain linked volumes, index 2020=100 | +6.7% |
| 2009 | 86.66 Chain linked volumes, index 2020=100 | -4.2% |
| 2010 | 89.07 Chain linked volumes, index 2020=100 | +2.8% |
| 2011 | 92.59 Chain linked volumes, index 2020=100 | +4.0% |
| 2012 | 90.8 Chain linked volumes, index 2020=100 | -1.9% |
| 2013 | 94.3 Chain linked volumes, index 2020=100 | +3.9% |
| 2014 | 96.73 Chain linked volumes, index 2020=100 | +2.6% |
| 2015 | 99.41 Chain linked volumes, index 2020=100 | +2.8% |
| 2016 | 102.35 Chain linked volumes, index 2020=100 | +3.0% |
| 2017 | 105.25 Chain linked volumes, index 2020=100 | +2.8% |
| 2018 | 111.15 Chain linked volumes, index 2020=100 | +5.6% |
| 2019 | 116.23 Chain linked volumes, index 2020=100 | +4.6% |
| 2020 | 100 Chain linked volumes, index 2020=100 | -14.0% |
| 2021 | 113.25 Chain linked volumes, index 2020=100 | +13.3% |
| 2022 | 122.22 Chain linked volumes, index 2020=100 | +7.9% |
| 2023 | 129.45 Chain linked volumes, index 2020=100 | +5.9% |
| 2024 | 131.9 Chain linked volumes, index 2020=100 | +1.9% |
Montenegro compared with similar countries
- Montenegro's 131.9 Chain linked volumes, index 2020=100 is above the median for Europe & Central Asia, which is 114.56 Chain linked volumes, index 2020=100, 1.2× the median. (34 countries reporting)
- Montenegro's 131.9 Chain linked volumes, index 2020=100 is above the median for upper middle income countries, which is 120.4 Chain linked volumes, index 2020=100, 1.1× the median. (5 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 85.41 Chain linked volumes, index 2020=100 | 79.76 Chain linked volumes, index 2020=100 | 90.44 Chain linked volumes, index 2020=100 | 4 |
| 2010s | 99.79 Chain linked volumes, index 2020=100 | 89.07 Chain linked volumes, index 2020=100 | 116.23 Chain linked volumes, index 2020=100 | 10 |
| 2020s | 119.36 Chain linked volumes, index 2020=100 | 100 Chain linked volumes, index 2020=100 | 131.9 Chain linked volumes, index 2020=100 | 5 |
Countries ranked near Montenegro
- 3 Ireland 140.45 Chain linked volumes, index 2020=100 compare
- 4 Croatia 135.27 Chain linked volumes, index 2020=100 compare
- 5 Türkiye 132.91 Chain linked volumes, index 2020=100 compare
- 7 Croatia 129.98 Chain linked volumes, index 2020=100 compare
- 8 Albania 124.99 Chain linked volumes, index 2020=100 compare
- 9 Spain 123.97 Chain linked volumes, index 2020=100 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 gross value added and income by detailed industry in Montenegro?
- Gross value added and income by detailed industry in Montenegro was 131.9 Chain linked volumes, index 2020=100 in 2024, according to Eurostat.
- What is the highest gross value added and income by detailed industry recorded in Montenegro?
- The highest recorded value was 131.9 Chain linked volumes, index 2020=100 in 2024.
- What is the lowest gross value added and income by detailed industry recorded in Montenegro?
- The lowest recorded value was 79.76 Chain linked volumes, index 2020=100 in 2006.
- How does Montenegro rank for gross value added and income by detailed industry?
- Montenegro ranks 6th out of 46 countries with data for 2024.
- Is gross value added and income by detailed industry rising or falling in Montenegro?
- Over the last ten years it is up 36.4%. The long-run trend across the full record is rising.
- Where does this Montenegro data come from?
- The figures come from Eurostat, published as part of Gross value added and income by detailed industry (NACE Rev.2 ). Statizoid updates them automatically from the source API.
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