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.
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 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
- External balance on goods and services as a percent of GDP -25.6% (2025)
- Inflation of consumer prices 3.9% (2025)
- GDP per capita 8,780 constant 2015 US$ (2025)
- Gross domestic product (GDP) 5.47 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 8,780 constant 2015 US$ (2025)
- DEC alternative conversion factor 0.885 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 407.70 million current LCU (2025)
- Net secondary income (Net current transfers from abroad) 460.69 million current US$ (2025)
- Taxes less subsidies on products 1.80 billion current LCU (2025)
- Taxes less subsidies on products 2.03 billion current US$ (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.
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About this data
Manufacturing comprises units engaged in the physical, or chemical transformation of materials, substances, or components into new products.