Manufacturing, value added in Montenegro
Montenegro: Manufacturing, value added was 3.3% in 2024. ▼ Falling
Manufacturing, value added in Montenegro, 2000–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
In 2024, manufacturing, value added in Montenegro stood at 3.3%.
Compared with earlier readings it is up 15.1% on the previous year and down 6.4% over ten years.
Over the whole period, manufacturing, value added in Montenegro peaked at 11.6% in 2001 and was at its lowest, 2.9%, in 2023.
That places Montenegro 175th out of 203 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 in Montenegro, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2000 | 9.3% | — |
| 2001 | 11.6% | +24.6% |
| 2002 | 10.4% | -10.0% |
| 2003 | 8.8% | -15.8% |
| 2004 | 8.7% | -0.3% |
| 2005 | 8.2% | -6.2% |
| 2006 | 8.6% | +4.9% |
| 2007 | 5.6% | -35.2% |
| 2008 | 5.6% | +0.7% |
| 2009 | 4.6% | -17.3% |
| 2010 | 4.5% | -2.8% |
| 2011 | 4.6% | +1.5% |
| 2012 | 3.9% | -15.4% |
| 2013 | 3.5% | -10.2% |
| 2014 | 3.6% | +2.4% |
| 2015 | 3.6% | -0.2% |
| 2016 | 3.5% | -2.4% |
| 2017 | 3.5% | +1.1% |
| 2018 | 3.7% | +6.8% |
| 2019 | 3.5% | -5.9% |
| 2020 | 3.8% | +9.0% |
| 2021 | 3.7% | -4.0% |
| 2022 | 3.8% | +1.7% |
| 2023 | 2.9% | -22.8% |
| 2024 | 3.3% | +15.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 8.1% | 4.6% | 11.6% | 10 |
| 2010s | 3.8% | 3.5% | 4.6% | 10 |
| 2020s | 3.5% | 2.9% | 3.8% | 5 |
Countries ranked near Montenegro
- 172 Luxembourg 3.7% compare
- 173 Saint Lucia 3.6% compare
- 174 South Sudan 3.5% compare
- 176 Grenada 3.3% compare
- 177 Marshall Islands 3.2% compare
- 178 Andorra 3.1% 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)
- Manufacturing, value added (constant LCU), per capita 285.57 constant LCU per person (2024)
- Industry (including construction), value added (current US$), annual 3.1 % change on previous year (2025)
- Industry (including construction), value added (current US$), per 0.1125 current US$ per US$ of GDP (2025)
- Industry (including construction), value added (current US$), per 1,667 current US$ per person (2025)
- Industry (including construction), value added (current LCU), annual -1.24 % change on previous year (2025)
- Industry (including construction), value added (current LCU), per 0.0996 current LCU per US$ of GDP (2025)
- Industry (including construction), value added (current LCU), per 1,476 current LCU per person (2025)
- Industry (including construction), value added (constant 2015 US$) -3.24 % change on previous year (2025)
Frequently asked questions
- What is manufacturing, value added in Montenegro?
- Manufacturing, value added in Montenegro was 3.3% 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 11.6% in 2001.
- What is the lowest manufacturing, value added recorded in Montenegro?
- The lowest recorded value was 2.9% in 2023.
- How does Montenegro rank for manufacturing, value added?
- Montenegro ranks 175th out of 203 countries with data for 2024.
- Is manufacturing, value added rising or falling in Montenegro?
- Over the last ten years it is down 6.4%. 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.