Share of manufacturing in gross domestic product (GDP) in Montenegro
Montenegro: Share of manufacturing in gross domestic product (GDP) was 3.3% in 2024. ▼ Falling
Share of manufacturing in gross domestic product (GDP) in Montenegro, 2000–2024
Source: National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data. Measured in % of GDP.
Analysis
In 2024, share of manufacturing in gross domestic product (gdp) 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, share of manufacturing in gross domestic product (gdp) in Montenegro peaked at 11.6% in 2001 and was at its lowest, 2.9%, in 2023.
Montenegro ranks 174th of 202 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 25 years of available data.
Share of manufacturing in gross domestic product (GDP) 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% |
Montenegro compared with similar countries
- Montenegro's 3.3% is below the median for upper middle income countries, which is 11.5%, 29% of the median. (58 countries reporting)
- Montenegro's 3.3% is below the median for Europe & Central Asia, which is 12.0%, 28% of the median. (53 countries reporting)
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
- 171 Luxembourg 3.7% compare
- 172 Saint Lucia 3.6% compare
- 173 South Sudan 3.5% compare
- 175 Grenada 3.3% compare
- 176 Marshall Islands 3.2% compare
- 177 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)
- 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 share of manufacturing in gross domestic product (gdp) in Montenegro?
- Share of manufacturing in gross domestic product (gdp) in Montenegro was 3.3% in 2024, according to National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data.
- What is the highest share of manufacturing in gross domestic product (gdp) recorded in Montenegro?
- The highest recorded value was 11.6% in 2001.
- What is the lowest share of manufacturing in gross domestic product (gdp) recorded in Montenegro?
- The lowest recorded value was 2.9% in 2023.
- How does Montenegro rank for share of manufacturing in gross domestic product (gdp)?
- Montenegro ranks 174th out of 202 countries with data for 2024.
- Is share of manufacturing in gross domestic product (gdp) 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 National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data, published as part of Share of manufacturing in gross domestic product (GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Manufacturing comprises units engaged in the physical, or chemical transformation of materials, substances, or components into new products.