Montenegro's manufacturing, value added (% of GDP) was 3.33% in 2024, the latest year in the World Bank's World Development Indicators. That is down 0.23 percentage points from 3.56% in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 3.33% | 2024 |
| Five years earlier | 3.52% | 2019 |
| Ten years earlier | 3.56% | 2014 |
| Highest | 11.56% | 2001 |
| Lowest | 2.9% | 2023 |
| Average since 2015 | 3.53% | 2015–2024 |
| First recorded | 9.28% | 2000 |
What the numbers say
In 2024, Montenegro's manufacturing, value added (% of GDP) rose 0.44 percentage points on 2023 (from 2.9% to 3.33%).
Across the 23 yearly changes before that (2001 to 2023), the average change was −0.28 percentage points and a typical year strayed about 0.95 percentage points from that (the standard deviation). This year's change was 0.8 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 2.28 percentage points in 2001 and the biggest yearly fall was 3.03 percentage points in 2007. 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 there is no clear straight-line trend: a straight line explains 10% 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 2024, Montenegro had the 32nd 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.
| Value | Year | |
|---|---|---|
| Montenegro | 3.33% | 2024 |
| World | 14.87% | 2025 |
| Europe & Central Asia | 13.47% | 2025 |
| Upper middle income | 20.99% | 2025 |
Closest to Montenegro in the 2024 ranking
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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Limitations: Ideally, industrial output should be measured through regular censuses and surveys of firms. But in most developing countries such surveys are infrequent, so earlier survey results must be extrapolated using an appropriate indicator. The choice of sampling unit, which may be the enterprise (where responses may be based on financial records) or the establishment (where production units may be recorded separately), also affects the quality of the data. Moreover, much industrial production is organized in unincorporated or owner-operated ventures that are not captured by surveys aimed at the formal sector.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 25 values
| Year | Manufacturing, value added (% of GDP) |
|---|---|
| 2024 | 3.33 |
| 2023 | 2.9 |
| 2022 | 3.75 |
| 2021 | 3.69 |
| 2020 | 3.84 |
| 2019 | 3.52 |
| 2018 | 3.74 |
| 2017 | 3.51 |
| 2016 | 3.47 |
| 2015 | 3.55 |
| 2014 |
Manufacturing, value added (% of GDP) in nearby economies
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 manufacturing, value added (% of GDP)?
- 3.33% in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2000?
- It is down 5.95 percentage points from 9.28% in 2000. The highest value was 11.56% in 2001 and the lowest 2.9% in 2023.
- How does Montenegro rank?
- 32nd highest of 45 economies with data for 2024.
- Is the latest change in manufacturing, value added (% of GDP) unusual for Montenegro?
- In 2024, Montenegro's manufacturing, value added (% of GDP) rose 0.44 percentage points on 2023 (from 2.9% to 3.33%). Across the 23 yearly changes before that (2001 to 2023), the average change was −0.28 percentage points and a typical year strayed about 0.95 percentage points from that (the standard deviation). This year's change was 0.8 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.IND.MANF.ZS, 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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