HICP - Industrial goods excluding energy in Montenegro

Montenegro: HICP - Industrial goods excluding energy was 3.1 in 2025. ◆ Volatile

Latest (2025)
3.1
Change on year
down 29.5%
World rank
3rd
of 31 countries
All-time high
7.9
in 2023
All-time low
-1.2
in 2019
Years of data
10
2016–2025

HICP - Industrial goods excluding energy in Montenegro, 2016–2025

-2024682016202020252016: 0.72017: 0.52018: 1.22019: -1.22020: -0.52021: 0.72022: 5.32023: 7.92024: 4.42025: 3.1

Source: European Central Bank.

Analysis

In 2025, hicp - industrial goods excluding energy in Montenegro stood at 3.1.

That represents a change of down 29.5% on the previous year and up 342.9% over ten years.

Over the whole period, hicp - industrial goods excluding energy in Montenegro peaked at 7.9 in 2023 and was at its lowest, -1.2, in 2019.

That places Montenegro 3rd out of 31 countries with data for 2025, putting it in the top 10%.

The series is highly variable year to year, so single readings are best treated with caution.

HICP - Industrial goods excluding energy in Montenegro, year by year

Annual values for HICP - Industrial goods excluding energy (Annual average rate of change, Eurostat) in Montenegro, 2016 to 2025.
Year Value Change
2016 0.7
2017 0.5 -28.6%
2018 1.2 +140.0%
2019 -1.2 -200.0%
2020 -0.5 -58.3%
2021 0.7 -240.0%
2022 5.3 +657.1%
2023 7.9 +49.1%
2024 4.4 -44.3%
2025 3.1 -29.5%

Averages by decade

DecadeAverage LowestHighest Years
2010s 0.3 -1.2 1.2 4
2020s 3.48 -0.5 7.9 6

Countries ranked near Montenegro

  1. 1 Romania 5.5 compare
  2. 2 Kosovo 4.6 compare
  3. 4 Slovakia 2.9 compare
  4. 5 Estonia 2.5 compare
  5. 6 Albania 2.3 compare

See the full ranking of 33 places →

More economy & growth data for Montenegro

All data for Montenegro →

Frequently asked questions

What is hicp - industrial goods excluding energy in Montenegro?
Hicp - industrial goods excluding energy in Montenegro was 3.1 in 2025, according to European Central Bank.
What is the highest hicp - industrial goods excluding energy recorded in Montenegro?
The highest recorded value was 7.9 in 2023.
What is the lowest hicp - industrial goods excluding energy recorded in Montenegro?
The lowest recorded value was -1.2 in 2019.
How does Montenegro rank for hicp - industrial goods excluding energy?
Montenegro ranks 3rd out of 31 countries with data for 2025.
Is hicp - industrial goods excluding energy rising or falling in Montenegro?
Over the last ten years it is up 342.9%. The long-run trend across the full record is volatile.
Where does this Montenegro data come from?
The figures come from European Central Bank, published as part of HICP - Industrial goods excluding energy (Annual average rate of change, Eurostat). Statizoid updates them automatically from the source API.

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HICP - Industrial goods excluding energy in Montenegro. Statizoid, drawing on European Central Bank. Retrieved 13 September 2026, from https://economy.statizoid.com/stat/hicp-industrial-goods-excluding-energy-annual-average-rate-of-change-eurostat/montenegro/

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About this data

Indicator
HICP - Industrial goods excluding energy (Annual average rate of change, Eurostat)
Source
European Central Bank
Licence
ECB Terms and Conditions (attribution required)
Coverage
33 places, 971 data points, 1988–2025
Last refreshed