Montenegro: Adjusted net national income per capita (constant 2015 US$)

Key figures

What the numbers say

In 2021, Montenegro's adjusted net national income per capita (constant 2015 US$) rose US$976.77 on 2020 (from US$6,124 to US$7,100).

Across the 14 yearly changes before that (2007 to 2020), the average change was +US$122.07 and a typical year strayed about US$449.97 from that (the standard deviation). This year's change was 1.9 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

On record, the biggest yearly rise was US$976.77 in 2021 and the biggest yearly fall was US$1,193 in 2020. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2012 to 2021 the straight-line trend is upward, about US$215.94 a year. A straight line explains 73% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2021, Montenegro had the 53rd highest value of the 135 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Montenegro in the 2021 ranking

• Malaysia — 49th of 135: US$7,438
• Kazakhstan — 50th of 135: US$7,413
• Libya — 51st of 135: US$7,383
• Dominican Republic — 53rd of 135: US$7,079
• Mexico — 54th of 135: US$7,064
• Brazil — 55th of 135: US$6,478

What this measures

Adjusted net national income is GNI minus consumption of fixed capital and natural resources depletion. The core indicator has been divided by the general population to achieve a per capita estimate. 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.

Limitations: Adjusted net national income differs from the adjustments made in the calculation of adjusted net savings, by not accounting for investments in human capital or the damages from pollution. Thus, adjusted net national income remains within the boundaries of the United Nations System of National Accounts (SNA). The SNA includes non-produced natural assets (such as land, mineral resources, and forests) within the asset boundary when they are under the effective control of institutional units. The calculation of adjusted net national income, which accounts for net forest, energy, and mineral depletion, as well as consumption of fixed capital, thus remains within the SNA boundaries.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 16 values

Adjusted net national income per capita (constant 2015 US$) in nearby economies

• Albania — US$4,554 (2021)
• Armenia — US$3,540 (2021)
• Austria — US$36,141 (2021)
• Belarus — US$5,336 (2021)
• Belgium — US$34,719 (2021)
• Bosnia and Herzegovina — US$5,278 (2021)
• Bulgaria — US$8,488 (2021)
• Croatia — US$12,580 (2021)
• Cyprus — US$21,665 (2021)

More economic policy & debt data for Montenegro

• Adjusted savings, mineral depletion (current US$) — US$651,532 (2021)
• Medium and high-tech manufacturing value added (% manufacturing value added) — 14.86% (2024)
• Adjusted savings, carbon dioxide damage (current US$) — US$105.26 million (2021)
• GDP (current US$) — US$9.23 billion (2025)
• GDP (current LCU) — 8.17 billion (2025)
• GDP, linked series (current LCU) — 8.17 billion (2025)
• GDP (constant 2015 US$) — US$5.47 billion (2025)
• GDP (constant LCU) — 4.66 billion (2025)
• GDP, PPP (current international $) — 22.07 billion (2025)
• GDP, PPP (constant 2021 international $)

Reading data like this

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Questions people ask

What is Montenegro's adjusted net national income per capita (constant 2015 US$)?

US$7,100 in 2021, according to the World Bank (World Development Indicators).

How has it changed since 2006?

It is up 60.84% from US$4,415 in 2006 (3.22% a year on average, compounded). The highest value was US$7,317 in 2019 and the lowest US$4,415 in 2006.

How does Montenegro rank?

53rd highest of 135 economies with data for 2021.

Is the latest change in adjusted net national income per capita (constant 2015 US$) unusual for Montenegro?

In 2021, Montenegro's adjusted net national income per capita (constant 2015 US$) rose US$976.77 on 2020 (from US$6,124 to US$7,100). Across the 14 yearly changes before that (2007 to 2020), the average change was +US$122.07 and a typical year strayed about US$449.97 from that (the standard deviation). This year's change was 1.9 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

Source

World Bank, World Development Indicators, indicator NY.ADJ.NNTY.PC.KD, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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