Machinery and transport equipment in Montenegro
Montenegro: Machinery and transport equipment was 10.1% in 2022. ▼ Falling
Machinery and transport equipment in Montenegro, 2010–2022
Source: International Yearbook of Industrial Statistics, UN Industrial Development Organization (UNIDO). Measured in % of value added in manufacturing.
Analysis
Montenegro recorded 10.1% for machinery and transport equipment in 2022.
The figure is down 32.3% over ten years.
Over the whole period, machinery and transport equipment in Montenegro peaked at 14.9% in 2012 and was at its lowest, 9.2%, in 2019.
Montenegro ranks 67th of 149 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 13 years of available data.
Machinery and transport equipment in Montenegro, year by year
| Year | % of value added in manufacturing | Change |
|---|---|---|
| 2010 | 11.9% | — |
| 2011 | 10.2% | -14.5% |
| 2012 | 14.9% | +46.3% |
| 2013 | 12.8% | -14.0% |
| 2014 | 13.7% | +7.3% |
| 2015 | 11.5% | -16.5% |
| 2016 | 10.1% | -12.1% |
| 2017 | 10.1% | +0.0% |
| 2018 | 10.1% | +0.2% |
| 2019 | 9.2% | -8.8% |
| 2020 | 10.1% | +9.5% |
| 2021 | 10.1% | +0.0% |
| 2022 | 10.1% | +0.0% |
Montenegro compared with similar countries
- Montenegro's 10.1% is above the median for upper middle income countries, which is 6.8%, 1.5× the median. (46 countries reporting)
- Montenegro's 10.1% is below the median for Europe & Central Asia, which is 18.9%, 53% of the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 11.4% | 9.2% | 14.9% | 10 |
| 2020s | 10.1% | 10.1% | 10.1% | 3 |
Countries ranked near Montenegro
- 64 Switzerland 11.1% compare
- 65 Nicaragua 10.9% compare
- 66 Latvia 10.8% compare
- 68 Uzbekistan 9.6% compare
- 69 Bosnia and Herzegovina 9.0% compare
- 70 Venezuela, Bolivarian Republic of 8.9%
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 machinery and transport equipment in Montenegro?
- Machinery and transport equipment in Montenegro was 10.1% in 2022, according to International Yearbook of Industrial Statistics, UN Industrial Development Organization (UNIDO).
- What is the highest machinery and transport equipment recorded in Montenegro?
- The highest recorded value was 14.9% in 2012.
- What is the lowest machinery and transport equipment recorded in Montenegro?
- The lowest recorded value was 9.2% in 2019.
- How does Montenegro rank for machinery and transport equipment?
- Montenegro ranks 67th out of 149 countries with data for 2022.
- Is machinery and transport equipment rising or falling in Montenegro?
- Over the last ten years it is down 32.3%. The long-run trend across the full record is falling.
- Where does this Montenegro data come from?
- The figures come from International Yearbook of Industrial Statistics, UN Industrial Development Organization (UNIDO), published as part of Machinery and transport equipment (% of value added in manufacturing). Statizoid updates them automatically from the source API.
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About this data
Machinery and transport equipment manufacturing includes industries classified in ISIC (Rev. 3) divisions 29-35. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed as a percentage of value added in manufacturing which is the contribution to the economy by the manufacturing sector (ISIC Rev. 3 major division D).