Montenegro: Manufacturing, value added (current LCU)

Key figures

What the numbers say

In 2024, Montenegro's manufacturing, value added (current LCU) rose 24.4% on 2023 (from 204.67 million to 254.68 million).

Across the 23 yearly changes before that (2001 to 2023), the average change was +4.3% and a typical year strayed about 16.1% from that (the standard deviation). This year's change was 1.2 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 51.4% in 2001 and the biggest yearly fall was 20.5% in 2009. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 the straight-line trend is upward, about 12.1 million a year. A straight line explains 86% 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 2024, Montenegro had the 34th highest value of the 45 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 2024 ranking

• Solomon Islands — 31st of 45: 1.35 billion
• Barbados — 32nd of 45: 752.09 million
• Belize — 33rd of 45: 422.49 million
• Curaçao — 35th of 45: 186.12 million
• Andorra — 36th of 45: 116.77 million
• Bahamas, The — 37th of 45: 99.7 million

What this measures

Manufacturing includes industries classified in ISIC (Rev. 3) major division C and is defined as the physical or chemical transformation of materials or components into new products. 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 in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.

All 25 values

Manufacturing, value added (current LCU) in nearby economies

• Albania — 159.96 billion (2025)
• Andorra — 116.77 million (2024)
• Armenia — 1.24 trillion (2025)
• Austria — 78.09 billion (2025)
• Azerbaijan — 7.72 billion (2025)
• Belarus — 58.78 billion (2025)
• Belgium — 71.72 billion (2025)
• Bosnia and Herzegovina — 6.8 billion (2025)
• Croatia — 9.43 billion (2025)
• Cyprus — 1.6 billion (2025)

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 manufacturing, value added (current LCU)?

254.68 million in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2000?

It is up 157.5% from 98.91 million in 2000 (4.02% a year on average, compounded). The highest value was 254.68 million in 2024 and the lowest 98.91 million in 2000.

How does Montenegro rank?

34th highest of 45 economies with data for 2024.

Is the latest change in manufacturing, value added (current LCU) unusual for Montenegro?

In 2024, Montenegro's manufacturing, value added (current LCU) rose 24.4% on 2023 (from 204.67 million to 254.68 million). Across the 23 yearly changes before that (2001 to 2023), the average change was +4.3% and a typical year strayed about 16.1% from that (the standard deviation). This year's change was 1.2 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 NV.IND.MANF.CN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; Staff estimates, 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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