Gross value added at basic prices by NUTS 3 region in Montenegro
Montenegro: Gross value added at basic prices by NUTS 3 region was 6,073 in 2024. ▲ Rising
Gross value added at basic prices by NUTS 3 region in Montenegro, 2006–2024
Source: Eurostat.
Analysis
The most recent figure for gross value added at basic prices by nuts 3 region in Montenegro is 6,073, measured in 2024. That is the highest value across all 19 years on record.
The figure is up 6.7% on the previous year and up 117.8% over ten years.
Over the whole period, gross value added at basic prices by nuts 3 region in Montenegro peaked at 6,073 in 2024 and was at its lowest, 1,770, in 2006.
That places Montenegro 46th out of 48 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 19 years of available data.
Gross value added at basic prices by NUTS 3 region in Montenegro, year by year
| Year | Value | Change |
|---|---|---|
| 2006 | 1,770 | — |
| 2007 | 2,138 | +20.8% |
| 2008 | 2,491 | +16.5% |
| 2009 | 2,474 | -0.7% |
| 2010 | 2,604 | +5.3% |
| 2011 | 2,709 | +4.0% |
| 2012 | 2,656 | -1.9% |
| 2013 | 2,726 | +2.6% |
| 2014 | 2,789 | +2.3% |
| 2015 | 2,982 | +6.9% |
| 2016 | 3,253 | +9.1% |
| 2017 | 3,472 | +6.7% |
| 2018 | 3,754 | +8.1% |
| 2019 | 3,970 | +5.8% |
| 2020 | 3,427 | -13.7% |
| 2021 | 3,990 | +16.4% |
| 2022 | 4,790 | +20.1% |
| 2023 | 5,689 | +18.8% |
| 2024 | 6,073 | +6.7% |
Montenegro compared with similar countries
- Montenegro's 6,073 is below the median for Europe & Central Asia, which is 246,571, 2% of the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2,218 | 1,770 | 2,491 | 4 |
| 2010s | 3,092 | 2,604 | 3,970 | 10 |
| 2020s | 4,794 | 3,427 | 6,073 | 5 |
Countries ranked near Montenegro
- 44 Guadeloupe 10,901 compare
- 45 Martinique 9,806 compare
- 47 Kosovo* 5,699 compare
- 48 Mayotte 3,760 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 at basic prices by nuts 3 region in Montenegro?
- Gross value added at basic prices by nuts 3 region in Montenegro was 6,073 in 2024, according to Eurostat.
- What is the highest gross value added at basic prices by nuts 3 region recorded in Montenegro?
- The highest recorded value was 6,073 in 2024.
- What is the lowest gross value added at basic prices by nuts 3 region recorded in Montenegro?
- The lowest recorded value was 1,770 in 2006.
- How does Montenegro rank for gross value added at basic prices by nuts 3 region?
- Montenegro ranks 46th out of 48 countries with data for 2024.
- Is gross value added at basic prices by nuts 3 region rising or falling in Montenegro?
- Over the last ten years it is up 117.8%. 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 at basic prices by NUTS 3 region. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (Eurostat).