Montenegro: Machinery and transport equipment (% of value added in manufacturing)

Key figures

What the numbers say

In 2022, Montenegro's machinery and transport equipment (% of value added in manufacturing) fell 0 percentage points on 2021 (from 10.06% to 10.06%).

Across the 11 yearly changes before that (2011 to 2021), the average change was −0.17 percentage points and a typical year strayed about 1.97 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 4.71 percentage points in 2012 and the biggest yearly fall was 2.27 percentage points in 2015. 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 the straight-line trend is downward, about 0.36 percentage points a year. A straight line explains 58% 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 2022, Montenegro had the 7th highest value of the 16 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

• North Macedonia — 3rd of 16: 25.99%
• Indonesia — 4th of 16: 15.9%
• Belarus — 5th of 16: 14.57%
• Iran, Islamic Rep. — 7th of 16: 7.83%
• Egypt, Arab Rep. — 8th of 16: 4.08%
• Jordan — 9th of 16: 2.96%

What this measures

Machinery and transport equipment manufacturing includes industries classified in ISIC (Rev. 3) divisions 29-35. 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

Machinery and transport equipment (% of value added in manufacturing) in nearby economies

• Albania — 6.7% (2023)
• Armenia — 2.81% (2023)
• Austria — 31.26% (2023)
• Azerbaijan — 8.63% (2023)
• Belarus — 14.57% (2022)
• Belgium — 15.94% (2023)
• Bosnia and Herzegovina — 9.04% (2023)
• Bulgaria — 20.94% (2023)
• Croatia

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

• Where to find free public data, and how to check it before you trust it — 2 min read
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• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Montenegro's machinery and transport equipment (% of value added in manufacturing)?

10.06% in 2022, according to the World Bank (World Development Indicators).

How has it changed since 2010?

It is down 1.82 percentage points from 11.88% in 2010. The highest value was 14.87% in 2012 and the lowest 9.19% in 2019.

How does Montenegro rank?

7th highest of 16 economies with data for 2022.

Is the latest change in machinery and transport equipment (% of value added in manufacturing) unusual for Montenegro?

In 2022, Montenegro's machinery and transport equipment (% of value added in manufacturing) fell 0 percentage points on 2021 (from 10.06% to 10.06%). Across the 11 yearly changes before that (2011 to 2021), the average change was −0.17 percentage points and a typical year strayed about 1.97 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.MTRN.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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