Manufacturing, value added (constant LCU) in Montenegro
Montenegro: Manufacturing, value added (constant LCU) was 178.06 million constant LCU in 2024. ▼ Falling
Manufacturing, value added in Montenegro, 2000–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
Montenegro recorded 178.06 million constant LCU for manufacturing, value added in 2024.
That represents a change of 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 297.38 million constant LCU in 2006 and was at its lowest, 130.51 million constant LCU, in 2013.
That places Montenegro 170th out of 192 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 25 years of available data.
Manufacturing, value added (constant LCU) in Montenegro, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2000 | 282.30 million constant LCU | — |
| 2001 | 285.62 million constant LCU | +1.2% |
| 2002 | 272.94 million constant LCU | -4.4% |
| 2003 | 255.50 million constant LCU | -6.4% |
| 2004 | 269.83 million constant LCU | +5.6% |
| 2005 | 284.57 million constant LCU | +5.5% |
| 2006 | 297.38 million constant LCU | +4.5% |
| 2007 | 225.81 million constant LCU | -24.1% |
| 2008 | 213.65 million constant LCU | -5.4% |
| 2009 | 151.55 million constant LCU | -29.1% |
| 2010 | 140.58 million constant LCU | -7.2% |
| 2011 | 146.34 million constant LCU | +4.1% |
| 2012 | 131.95 million constant LCU | -9.8% |
| 2013 | 130.51 million constant LCU | -1.1% |
| 2014 | 133.68 million constant LCU | +2.4% |
| 2015 | 136.39 million constant LCU | +2.0% |
| 2016 | 137.49 million constant LCU | +0.8% |
| 2017 | 146.03 million constant LCU | +6.2% |
| 2018 | 160.20 million constant LCU | +9.7% |
| 2019 | 160.81 million constant LCU | +0.4% |
| 2020 | 144.14 million constant LCU | -10.4% |
| 2021 | 161.53 million constant LCU | +12.1% |
| 2022 | 169.89 million constant LCU | +5.2% |
| 2023 | 153.58 million constant LCU | -9.6% |
| 2024 | 178.06 million constant LCU | +15.9% |
Montenegro compared with similar countries
- Montenegro's 178.06 million constant LCU is below the median for upper middle income countries, which is 66.16 billion constant LCU, 0% of the median. (56 countries reporting)
- Montenegro's 178.06 million constant LCU is below the median for Europe & Central Asia, which is 69.84 billion constant LCU, 0% of the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 253.91 million constant LCU | 151.55 million constant LCU | 297.38 million constant LCU | 10 |
| 2010s | 142.40 million constant LCU | 130.51 million constant LCU | 160.81 million constant LCU | 10 |
| 2020s | 161.44 million constant LCU | 144.14 million constant LCU | 178.06 million constant LCU | 5 |
Countries ranked near Montenegro
- 167 Eritrea 361.55 million constant LCU compare
- 168 Belize 355.75 million constant LCU compare
- 169 Saint Lucia 181.80 million constant LCU compare
- 171 Aruba 170.56 million constant LCU compare
- 172 Antigua and Barbuda 111.72 million constant LCU compare
- 173 Saint Vincent and the Grenadines 104.15 million constant LCU 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)
- SDRs holdings, US dollar, annual growth rate 4.46 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0103 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 151.96 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.5233 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0075 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 110.96 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -21.12 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0068 units per US$ of GDP (2025)
Frequently asked questions
- What is manufacturing, value added in Montenegro?
- Manufacturing, value added in Montenegro was 178.06 million constant LCU 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 297.38 million constant LCU in 2006.
- What is the lowest manufacturing, value added recorded in Montenegro?
- The lowest recorded value was 130.51 million constant LCU in 2013.
- How does Montenegro rank for manufacturing, value added?
- Montenegro ranks 170th out of 192 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 LCU). Statizoid updates them automatically from the source API.
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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 varies by country. This series is expressed in local currency units.