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 36th out of 38 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.
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
- 33 North Macedonia 13,540 compare
- 37 Kosovo* 5,699 compare
More economy & growth data for Montenegro
- External balance on goods and services as a percent of GDP -25.6% (2025)
- Inflation of consumer prices 3.9% (2025)
- GDP per capita 8,780 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 3.3% (2024)
- Gross domestic product (GDP) 5.47 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 8,780 constant 2015 US$ (2025)
- DEC alternative conversion factor 0.885 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 407.70 million current LCU (2025)
- Net secondary income (Net current transfers from abroad) 460.69 million current US$ (2025)
- Taxes less subsidies on products 1.80 billion current LCU (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 36th out of 38 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.
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