Montenegro's chemicals (% of value added in manufacturing) was 4.32% in 2022, the latest year in the World Bank's World Development Indicators. That is down 0.22 percentage points from 4.54% in 2012.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 4.32% | 2022 |
| Five years earlier | 4.32% | 2017 |
| Ten years earlier | 4.54% | 2012 |
| Highest | 4.85% | 2010 |
| Lowest | 3.43% | 2014 |
| Average since 2013 | 4.17% | 2013–2022 |
| First recorded | 4.85% | 2010 |
What the numbers say
In 2022, Montenegro's chemicals (% of value added in manufacturing) rose 0 percentage points on 2021 (from 4.32% to 4.32%).
Across the 11 yearly changes before that (2011 to 2021), the average change was −0.05 percentage points and a typical year strayed about 0.48 percentage points from that (the standard deviation). This year's change was 0.1 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 0.89 percentage points in 2015 and the biggest yearly fall was 0.67 percentage points in 2011. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2013 to 2022 there is no clear straight-line trend: a straight line explains 22% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2022, Montenegro had the 16th highest value of the 18 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 2022 ranking
What this measures
Manufacturing of chemicals and chemical products includes industries classified in ISIC (Rev. 3) division 24. 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 value added in manufacturing which is the contribution to the economy by the manufacturing sector (ISIC Rev. 3 major division D).
Limitations: In establishing classifications systems compilers must define both the types of activities to be described and the units whose activities are to be reported. There are many possibilities, and the choices affect how the statistics can be interpreted and how useful they are in analyzing economic behavior. The ISIC emphasizes commonalities in the production process and is explicitly not intended to measure outputs (for which there is a newly developed Central Product Classification). Nevertheless, the ISIC views an activity as defined by "a process resulting in a homogeneous set of products."
All 13 values
| Year | Chemicals (% of value added in manufacturing) |
|---|---|
| 2022 | 4.32 |
| 2021 | 4.32 |
| 2020 | 4.32 |
| 2019 | 3.94 |
| 2018 | 4.33 |
| 2017 | 4.32 |
| 2016 | 4.32 |
| 2015 | 4.32 |
| 2014 | 3.43 |
| 2013 | 4.06 |
| 2012 |
Chemicals (% of value added in manufacturing) in nearby economies
- Albania — 2.25% (2023)
- Armenia — 2.27% (2023)
- Austria — 9.43% (2021)
- Azerbaijan — 10.04% (2023)
- Belarus — 2.68% (2022)
- Belgium — 33.28% (2023)
- Bosnia and Herzegovina — 7.78% (2023)
- Bulgaria — 5.37% (2023)
- Croatia — 6.74% (2023)
- Cyprus — 12.23% (2023)
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
Questions people ask
- What is Montenegro's chemicals (% of value added in manufacturing)?
- 4.32% in 2022, according to the World Bank (World Development Indicators).
- How has it changed since 2010?
- It is down 0.53 percentage points from 4.85% in 2010. The highest value was 4.85% in 2010 and the lowest 3.43% in 2014.
- How does Montenegro rank?
- 16th highest of 18 economies with data for 2022.
- Is the latest change in chemicals (% of value added in manufacturing) unusual for Montenegro?
- In 2022, Montenegro's chemicals (% of value added in manufacturing) rose 0 percentage points on 2021 (from 4.32% to 4.32%). Across the 11 yearly changes before that (2011 to 2021), the average change was −0.05 percentage points and a typical year strayed about 0.48 percentage points from that (the standard deviation). This year's change was 0.1 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NV.MNF.CHEM.ZS.UN, licensed CC BY 4.0. Original source: International Yearbook of Industrial Statistics, UN Industrial Development Organization (UNIDO) 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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