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 Current prices, million euro in 2024. ▲ Rising
Latest (2024)
6,073 Current prices, million euro
Change on year
up 6.7%
World rank
44th
of 46 countries
All-time high
6,073 Current prices, million euro
in 2024
All-time low
1,770 Current prices, million euro
in 2006
Years of data
19
2006–2024
Gross value added at basic prices by NUTS 3 region in Montenegro, 2006–2024
Source: Eurostat. Measured in Current prices, million euro.
Analysis
The most recent figure for gross value added at basic prices by nuts 3 region in Montenegro is 6,073 Current prices, million euro, 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 Current prices, million euro in 2024 and was at its lowest, 1,770 Current prices, million euro, in 2006.
That places Montenegro 44th out of 46 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 | Current prices, million euro | Change |
|---|---|---|
| 2006 | 1,770 Current prices, million euro | — |
| 2007 | 2,138 Current prices, million euro | +20.8% |
| 2008 | 2,491 Current prices, million euro | +16.5% |
| 2009 | 2,474 Current prices, million euro | -0.7% |
| 2010 | 2,604 Current prices, million euro | +5.3% |
| 2011 | 2,709 Current prices, million euro | +4.0% |
| 2012 | 2,656 Current prices, million euro | -1.9% |
| 2013 | 2,726 Current prices, million euro | +2.6% |
| 2014 | 2,789 Current prices, million euro | +2.3% |
| 2015 | 2,982 Current prices, million euro | +6.9% |
| 2016 | 3,253 Current prices, million euro | +9.1% |
| 2017 | 3,472 Current prices, million euro | +6.7% |
| 2018 | 3,754 Current prices, million euro | +8.1% |
| 2019 | 3,970 Current prices, million euro | +5.8% |
| 2020 | 3,427 Current prices, million euro | -13.7% |
| 2021 | 3,990 Current prices, million euro | +16.4% |
| 2022 | 4,790 Current prices, million euro | +20.1% |
| 2023 | 5,689 Current prices, million euro | +18.8% |
| 2024 | 6,073 Current prices, million euro | +6.7% |
Montenegro compared with similar countries
- Montenegro's 6,073 Current prices, million euro is below the median for Europe & Central Asia, which is 246,571 Current prices, million euro, 2% of the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2,218 Current prices, million euro | 1,770 Current prices, million euro | 2,491 Current prices, million euro | 4 |
| 2010s | 3,092 Current prices, million euro | 2,604 Current prices, million euro | 3,970 Current prices, million euro | 10 |
| 2020s | 4,794 Current prices, million euro | 3,427 Current prices, million euro | 6,073 Current prices, million euro | 5 |
Countries ranked near Montenegro
- 41 North Macedonia 13,540 Current prices, million euro compare
- 42 Guadeloupe 10,901 Current prices, million euro compare
- 43 Martinique 9,806 Current prices, million euro compare
- 45 Kosovo* 5,699 Current prices, million euro compare
- 46 Mayotte 3,760 Current prices, 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 75.12 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0081 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 120.56 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 676.19 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 12.81 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0732 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,085 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 26.12 % 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 Current prices, million euro 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 Current prices, million euro 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 Current prices, million euro in 2006.
- How does Montenegro rank for gross value added at basic prices by nuts 3 region?
- Montenegro ranks 44th out of 46 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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