Manufacturing, value added in Montenegro
Montenegro: Manufacturing, value added was 186.03 million constant 2015 US$ in 2024. ▼ Falling
Manufacturing, value added in Montenegro, 2000–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant 2015 US$.
Analysis
Montenegro recorded 186.03 million constant 2015 US$ for manufacturing, value added in 2024.
Compared with earlier readings it is up 15.9% on the previous year and up 33.2% over ten years.
Over the whole period, manufacturing, value added in Montenegro peaked at 310.69 million constant 2015 US$ in 2006 and was at its lowest, 136.35 million constant 2015 US$, in 2013.
Montenegro ranks 153rd of 186 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 25 years of available data.
Manufacturing, value added in Montenegro, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 2000 | 294.94 million constant 2015 US$ | — |
| 2001 | 298.41 million constant 2015 US$ | +1.2% |
| 2002 | 285.16 million constant 2015 US$ | -4.4% |
| 2003 | 266.94 million constant 2015 US$ | -6.4% |
| 2004 | 281.92 million constant 2015 US$ | +5.6% |
| 2005 | 297.31 million constant 2015 US$ | +5.5% |
| 2006 | 310.69 million constant 2015 US$ | +4.5% |
| 2007 | 235.92 million constant 2015 US$ | -24.1% |
| 2008 | 223.21 million constant 2015 US$ | -5.4% |
| 2009 | 158.34 million constant 2015 US$ | -29.1% |
| 2010 | 146.87 million constant 2015 US$ | -7.2% |
| 2011 | 152.89 million constant 2015 US$ | +4.1% |
| 2012 | 137.85 million constant 2015 US$ | -9.8% |
| 2013 | 136.35 million constant 2015 US$ | -1.1% |
| 2014 | 139.67 million constant 2015 US$ | +2.4% |
| 2015 | 142.50 million constant 2015 US$ | +2.0% |
| 2016 | 143.64 million constant 2015 US$ | +0.8% |
| 2017 | 152.56 million constant 2015 US$ | +6.2% |
| 2018 | 167.38 million constant 2015 US$ | +9.7% |
| 2019 | 168.01 million constant 2015 US$ | +0.4% |
| 2020 | 150.59 million constant 2015 US$ | -10.4% |
| 2021 | 168.76 million constant 2015 US$ | +12.1% |
| 2022 | 177.50 million constant 2015 US$ | +5.2% |
| 2023 | 160.46 million constant 2015 US$ | -9.6% |
| 2024 | 186.03 million constant 2015 US$ | +15.9% |
Montenegro compared with similar countries
- Montenegro's 186.03 million constant 2015 US$ is below the median for upper middle income countries, which is 3.45 billion constant 2015 US$, 5% of the median. (56 countries reporting)
- Montenegro's 186.03 million constant 2015 US$ is below the median for Europe & Central Asia, which is 16.04 billion constant 2015 US$, 1% of the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 265.28 million constant 2015 US$ | 158.34 million constant 2015 US$ | 310.69 million constant 2015 US$ | 10 |
| 2010s | 148.77 million constant 2015 US$ | 136.35 million constant 2015 US$ | 168.01 million constant 2015 US$ | 10 |
| 2020s | 168.67 million constant 2015 US$ | 150.59 million constant 2015 US$ | 186.03 million constant 2015 US$ | 5 |
Countries ranked near Montenegro
- 150 Burundi 336.49 million constant 2015 US$ compare
- 151 Barbados 321.87 million constant 2015 US$ compare
- 152 Guinea-Bissau 193.63 million constant 2015 US$ compare
- 154 Belize 175.51 million constant 2015 US$ compare
- 155 Djibouti 163.56 million constant 2015 US$ compare
- 156 Bhutan 150.61 million constant 2015 US$ 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$), annual growth rate 26.12 % change on previous year (2025)
Frequently asked questions
- What is manufacturing, value added in Montenegro?
- Manufacturing, value added in Montenegro was 186.03 million constant 2015 US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest manufacturing, value added recorded in Montenegro?
- The highest recorded value was 310.69 million constant 2015 US$ in 2006.
- What is the lowest manufacturing, value added recorded in Montenegro?
- The lowest recorded value was 136.35 million constant 2015 US$ in 2013.
- How does Montenegro rank for manufacturing, value added?
- Montenegro ranks 153rd out of 186 countries with data for 2024.
- Is manufacturing, value added rising or falling in Montenegro?
- Over the last ten years it is up 33.2%. The long-run trend across the full record is falling.
- Where does this Montenegro data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Manufacturing, value added (constant 2015 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Manufacturing includes industries classified in ISIC (Rev. 3) major division C and is defined as the physical or chemical transformation of materials or components into new products. 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 in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.