Montenegro Industrial Production Index Growth

2001 - 2023 | Monthly | % | CEIC Data

Key information about Montenegro Industrial Production Index Growth

  • Montenegro Industrial production rose 21.0 % YoY in Nov 2023, following an increase of 18.8 % YoY in the previous month.
  • Montenegro Industrial production index growth rate YoY data is updated monthly, available from Jan 2001 to Nov 2023, with an average rate of 0.8 %.
  • The data reached an all-time high of 55.1 % in Sep 2010 and a record low of -56.2 % in Sep 2009.

CEIC calculates Industrial Production Index Growth from monthly Industrial Production Index. The International Monetary Fund provides Industrial Production Index with base 2010=100.

View Montenegro's Industrial Production Index Growth from Jan 2001 to Nov 2023 in the chart:

Montenegro Industrial Production Index Growth

What was Montenegro's Industrial Production Index Growth in Nov 2023?

Montenegro Industrial production rose 21.0 % YoY in Nov 2023, following an increase of 18.8 % YoY in the previous month. See the table below for more data.

Last Previous Min Max Unit Frequency Range
21.0 Nov 2023 18.8 Oct 2023 -56.2 Sep 2009 55.1 Sep 2010 % monthly Jan 2001 - Nov 2023

Industrial Production Index Growth by Country Comparison

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country/region Last Frequency Range
Albania (%) -13.5 Jun 2023 quarterly Mar 2006 - Jun 2023
Algeria (%) 7.1 Sep 2023 quarterly Mar 1996 - Sep 2023
Argentina (2004=100) 107.5 Dec 2023 monthly Jan 2016 - Dec 2023
Armenia (%) 23.8 Nov 2023 monthly Jan 2008 - Nov 2023
Australia (%) 1.7 Jun 2023 quarterly Sep 1975 - Jun 2023
Austria (%) 1.1 Apr 2023 monthly Jan 1958 - Apr 2023
Azerbaijan (%) -2.5 Jan 2024 monthly Dec 2009 - Jan 2024
Bangladesh (%) -0.8 Oct 2023 monthly Jul 1974 - Oct 2023
Belarus (%) 5.4 Jan 2024 monthly Jan 2002 - Jan 2024
Belgium (%) -3.8 Apr 2023 monthly Jan 1956 - Apr 2023
Bolivia (%) -0.5 2019 yearly 1991 - 2019
Bosnia and Herzegovina (%) -9.1 Dec 2023 monthly Jan 2007 - Dec 2023
Brazil (%) 3.0 Dec 2023 monthly Jan 1986 - Dec 2023
Bulgaria (%) -10.8 Apr 2023 monthly Jan 2001 - Apr 2023
Canada (%) 0.4 Jan 2024 monthly Jan 1958 - Jan 2024
Chile (%) 1.9 Jan 2024 monthly Jan 2010 - Jan 2024
China (%) 6.8 Dec 2023 monthly Jan 1995 - Dec 2023
Colombia (%) -3.2 Dec 2023 monthly Jan 1981 - Dec 2023
Croatia (%) 0.4 May 2023 monthly Jan 1999 - May 2023
Cyprus (%) 2.3 Dec 2023 monthly Jan 2001 - Dec 2023
Czech Republic (%) -0.3 Dec 2023 monthly Jan 1999 - Dec 2023
Denmark (%) 11.3 Apr 2023 monthly Jan 2001 - Apr 2023
Ecuador (%) 30.3 Sep 2020 monthly Jan 2017 - Sep 2020
Egypt (%) -2.4 Dec 2023 monthly Jan 2021 - Dec 2023
Estonia (%) -15.1 Apr 2023 monthly Jan 1999 - Apr 2023
European Union (%) 0.6 Apr 2023 monthly Jan 1992 - Apr 2023
Finland (%) -2.4 Apr 2023 monthly Jan 1955 - Apr 2023
France (%) 2.6 May 2023 monthly Jan 1991 - May 2023
Georgia (%) -3.2 Jun 2023 quarterly Mar 2002 - Jun 2023
Germany (%) -3.1 Dec 2023 monthly Jan 1959 - Dec 2023
Greece (%) 4.2 Apr 2023 monthly Jan 1991 - Apr 2023
Hong Kong SAR, China (%) 4.4 Sep 2023 quarterly Mar 1983 - Sep 2023
Hungary (%) -4.6 May 2023 monthly Jan 1986 - May 2023
Iceland (%) 11.7 2018 yearly 2008 - 2018
India (%) 3.8 Dec 2023 monthly Apr 2006 - Dec 2023
Indonesia (%) -1.9 Sep 2023 monthly Jan 1999 - Sep 2023
Iran (%) 12.7 Mar 2017 monthly Jan 1958 - Mar 2017
Ireland (%) 27.4 Apr 2023 monthly Jul 1976 - Apr 2023
Israel (%) -4.8 Dec 2023 monthly Jan 2005 - Dec 2023
Italy (%) -7.0 Apr 2023 monthly Jan 1954 - Apr 2023
Ivory Coast (%) 9.7 Nov 2023 monthly Feb 2022 - Nov 2023
Japan (%) -3.2 Jan 2024 monthly Jan 1954 - Jan 2024
Jordan (%) 1.2 Dec 2023 monthly Jan 2003 - Dec 2023
Kazakhstan (%) 3.6 Dec 2023 monthly Feb 2001 - Dec 2023
Kenya (%) 5.9 2021 yearly 2002 - 2021
South Korea (%) 5.8 Jan 2024 monthly Jan 1958 - Jan 2024
Kuwait (%) -10.0 Mar 2017 monthly Jan 1966 - Mar 2017
Kyrgyzstan (%) 16.5 Jan 2024 monthly Jan 1999 - Jan 2024
Latvia (%) -8.7 May 2023 monthly Jan 2001 - May 2023
Lebanon (%) 10.6 2010 yearly 1998 - 2010
Lithuania (%) 5.0 Jan 2024 monthly Jan 1999 - Jan 2024
Luxembourg (%) -6.9 Dec 2023 monthly Jan 2011 - Dec 2023
Macau SAR, China (%) 7.3 Dec 2023 quarterly Mar 2001 - Dec 2023
North Macedonia (%) -2.3 Nov 2023 monthly Jan 2004 - Nov 2023
Malawi (%) 68.2 Dec 2022 monthly Jan 2014 - Dec 2022
Malaysia (%) 0.5 Nov 2023 monthly Jan 2011 - Nov 2023
Malta (%) 14.5 Apr 2023 monthly Jan 2001 - Apr 2023
Mauritius (%) -0.7 Dec 2021 quarterly Mar 2015 - Dec 2021
Mexico (%) 1.2 Dec 2023 monthly Jan 1981 - Dec 2023
Moldova (%) 1.1 Dec 2023 monthly Jan 2004 - Dec 2023
Mongolia (%) 105.6 May 2023 monthly Jan 2010 - May 2023
Montenegro (%) 21.0 Nov 2023 monthly Jan 2001 - Nov 2023
Morocco (%) 1.0 Sep 2023 quarterly Mar 1979 - Sep 2023
Mozambique (%) -11.4 Mar 2023 monthly Jun 2012 - Mar 2023
Nepal (%) 7.9 Jul 2018 quarterly Oct 2016 - Jul 2018
Netherlands (%) -12.4 Apr 2023 monthly Jan 2001 - Apr 2023
New Zealand (%) -3.7 Sep 2023 quarterly Jun 1978 - Sep 2023
Nigeria (%) -3.1 Jun 2023 quarterly Mar 2011 - Jun 2023
Norway (%) -5.1 Apr 2023 monthly Jan 1991 - Apr 2023
Oman (%) -1.9 Apr 2017 monthly Jul 1968 - Apr 2017
Pakistan (%) 6.4 Dec 2023 monthly May 1998 - Dec 2023
Palestinian Territory (%) -31.0 Dec 2023 monthly Jan 2012 - Dec 2023
Panama (%) 0.8 Dec 2021 monthly Jan 2004 - Dec 2021
Peru (%) -10.9 Dec 2023 monthly Jan 1994 - Dec 2023
Philippines (%) 2.0 Dec 2023 monthly Jan 2002 - Dec 2023
Poland (%) -2.4 May 2023 monthly Jan 1998 - May 2023
Portugal (%) -3.7 Jun 2023 monthly Jan 1996 - Jun 2023
Qatar (%) -11.2 Mar 2017 monthly Jan 1958 - Mar 2017
Romania (%) -4.7 Apr 2023 monthly Jan 2006 - Apr 2023
Russia (%) 4.6 Jan 2024 monthly Jan 2014 - Jan 2024
Saudi Arabia (%) -10.5 Dec 2023 monthly Jan 2019 - Dec 2023
Serbia (%) 0.6 May 2023 monthly Jan 2001 - May 2023
Singapore (%) -6.6 Jan 2024 monthly Jan 1984 - Jan 2024
Slovakia (%) -2.0 Apr 2023 monthly Jan 1999 - Apr 2023
Slovenia (%) -8.8 Apr 2023 monthly Dec 1992 - Apr 2023
South Africa (%) 1.8 Oct 2023 monthly Jan 1962 - Oct 2023
Spain (%) -0.1 May 2023 monthly Jan 1962 - May 2023
Sri Lanka (%) -8.2 Apr 2023 monthly Jan 2016 - Apr 2023
Sweden (%) 2.4 Apr 2023 monthly Jan 1981 - Apr 2023
Switzerland (%) -0.3 Dec 2023 monthly Oct 2010 - Dec 2023
Syria (%) -10.0 2021 yearly 1966 - 2021
Taiwan (%) 1.8 Jan 2024 monthly Jan 1997 - Jan 2024
Tajikistan (%) 12.0 Dec 2023 monthly Jan 2000 - Dec 2023
Thailand (%) -4.4 Jan 2024 monthly Jan 2012 - Jan 2024
Tunisia (%) -2.1 Sep 2023 monthly Jan 2001 - Sep 2023
Turkey (%) -0.9 Apr 2023 monthly Jan 1987 - Apr 2023
Ukraine (%) 11.7 Sep 2023 monthly Dec 2000 - Sep 2023
United Arab Emirates (%) 2.2 Mar 2017 monthly Jan 1975 - Mar 2017
United Kingdom (%) -1.8 Apr 2023 monthly Jan 1949 - Apr 2023
United States (%) 0.0 Jan 2024 monthly Jan 1920 - Jan 2024

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Montenegro Key Series

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Includes 163 key indicators for Montenegro, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -0.5 Sep 2023 quarterly Dec 2012 - Sep 2023
Consolidated Fiscal Balance (USD mn) -158.147 Dec 2023 monthly Jan 2012 - Dec 2023
Tax Revenue (USD mn) 149.467 Dec 2023 monthly Jan 2012 - Dec 2023
Tax Revenue: % of GDP (%) 21.4 Sep 2023 quarterly Mar 2012 - Sep 2023
National Government Debt (USD mn) 4,219.6 Sep 2023 monthly Dec 2010 - Sep 2023
Government Debt: % of GDP (%) 59.7 Sep 2023 quarterly Dec 2010 - Sep 2023
Forecast: Government Expenditure (EUR bn) 3.984 2028 yearly 2002 - 2028
Forecast: Government Net Debt (EUR bn) 6.698 2028 yearly 2002 - 2028
Forecast: Government Revenue (EUR bn) 3.392 2028 yearly 2002 - 2028
General Government Revenue: Consolidated (EUR) 255,979,035.020 Dec 2023 monthly Jan 2012 - Dec 2023
General Govt Revenue: Cons: Taxes (EUR) 137,012,115.600 Dec 2023 monthly Jan 2012 - Dec 2023
General Govt Balance: Consolidated: Deficit or Surplus (EUR) -144,969,510.730 Dec 2023 monthly Jan 2012 - Dec 2023
General Govt Revenue: Cons: Taxes: Value Added Tax (EUR) 87,929,424.080 Dec 2023 monthly Jan 2012 - Dec 2023
General Govt Revenue: Cons: Taxes: Excises (EUR) 28,494,203.900 Dec 2023 monthly Jan 2012 - Dec 2023
General Govt Expenditure: Consolidated (EUR) 400,948,545.750 Dec 2023 monthly Jan 2012 - Dec 2023
General Govt Expenditure: Cons: ow Current (EUR) 321,973,336.150 Dec 2023 monthly Jan 2012 - Dec 2023
Gross General Government Debt: Domestic (EUR mn) 382.470 Jun 2022 monthly Dec 2010 - Jun 2022
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 1.534 2028 yearly 2003 - 2028
Trade Balance (USD mn) -280.4 Dec 2023 monthly Jan 2005 - Dec 2023
Total Exports (USD mn) 42.2 Sep 2023 monthly Jan 2005 - Sep 2023
Total Exports Growth (%) -25.3 Dec 2023 monthly Jan 2006 - Dec 2023
Aluminum: Exports (USD th) 180,096.808 2022 yearly 2008 - 2022
Exports: Medicament (USD th) 34,801.190 2022 yearly 2008 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 28.151 2022 yearly 2008 - 2022
Total Imports (USD mn) 368.3 Sep 2023 monthly Jan 2005 - Sep 2023
Total Imports Growth (%) 7.0 Dec 2023 monthly Jan 2006 - Dec 2023
Imports: Medicament (USD th) 116,265.339 2022 yearly 2008 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 45,821.508 2022 yearly 2008 - 2022
Total Exports to USA (USD mn) 0.756 Sep 2023 monthly Jan 2010 - Sep 2023
Total Imports from USA (USD mn) 4.456 Dec 2023 monthly Jan 2006 - Dec 2023
Total Exports to China (USD mn) 0.064 Sep 2023 monthly Jan 2010 - Sep 2023
Total Imports from China (USD mn) 40.025 Dec 2023 monthly Jan 2006 - Dec 2023
Exports (EUR th) 39,512.254 Sep 2023 monthly Jan 2005 - Sep 2023
Exports: Machinery & Transport Equipment (EUR th) 2,755.089 Sep 2023 monthly Mar 2009 - Sep 2023
Exports: Mineral Fuels, Lubricants & Related Materials (EUR th) 9,039.979 Sep 2023 monthly Mar 2009 - Sep 2023
Exports: Manufactured Goods (EUR th) 4,621.309 Sep 2023 monthly Mar 2009 - Sep 2023
Exports: Food & Live Animals (EUR th) 4,132.036 Sep 2023 monthly Mar 2009 - Sep 2023
Exports: Crude Materials: excl Fuels (EUR th) 9,271.644 Sep 2023 monthly Mar 2009 - Sep 2023
Exports: Europe: CEFTA: Serbia (EUR th) 11,608.897 Sep 2023 monthly Mar 2009 - Sep 2023
Exports: Europe: EU-28: Slovenia (EUR th) 3,055.071 Sep 2023 monthly Mar 2009 - Sep 2023
Imports: Manufactured Goods (EUR th) 58,372.312 Sep 2023 monthly Mar 2009 - Sep 2023
Imports: Miscellaneous Manufactured Goods (EUR th) 49,978.003 Sep 2023 monthly Mar 2009 - Sep 2023
Imports (EUR th) 345,099.221 Sep 2023 monthly Jan 2005 - Sep 2023
Imports: Food & Live Animals (EUR th) 63,956.749 Sep 2023 monthly Mar 2009 - Sep 2023
Imports: Machinery & Transport Equipment (EUR th) 72,725.624 Sep 2023 monthly Mar 2009 - Sep 2023
Imports: Mineral Fuels, Lubricants & Related Materials (EUR th) 49,674.082 Sep 2023 monthly Mar 2009 - Sep 2023
Imports: Europe: CEFTA: Serbia (EUR th) 56,453.887 Sep 2023 monthly Mar 2009 - Sep 2023
Imports: Europe: EU-28: Greece (EUR th) 22,544.386 Sep 2023 monthly Mar 2009 - Sep 2023
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 27.0 Dec 2023 quarterly Mar 2005 - Dec 2023
Current Account Balance (USD mn) -278.9 Mar 2023 quarterly Mar 2004 - Mar 2023
Current Account Balance: % of GDP (%) 8.9 Sep 2023 quarterly Mar 2010 - Sep 2023
Foreign Direct Investment (USD mn) 150.7 Dec 2023 quarterly Mar 2005 - Dec 2023
Foreign Direct Investment: % of GDP (%) 3.6 Sep 2023 quarterly Mar 2010 - Sep 2023
Foreign Portfolio Investment (USD mn) 2.789 Dec 2023 quarterly Mar 2005 - Dec 2023
Foreign Portfolio Investment: % of GDP (%) -0.3 Sep 2023 quarterly Mar 2010 - Sep 2023
Foreign Portfolio Investment: Equity Securities (USD mn) 119.2 Dec 2023 quarterly Mar 2007 - Dec 2023
Foreign Portfolio Investment: Debt Securities (USD mn) 31.320 Dec 2023 quarterly Mar 2007 - Dec 2023
External Debt (USD mn) 8,815.2 2022 yearly 2006 - 2022
External Debt: % of GDP (%) 141.5 2022 yearly 2006 - 2022
External Debt: Short Term (USD mn) 198.7 2022 yearly 2007 - 2022
External Debt: Short Term: % of GDP (%) 3.2 2022 yearly 2007 - 2022
Forecast: Current Account Balance (USD bn) -1.297 2028 yearly 2001 - 2028
BoP: Current Account: Goods: Export (EUR th) 120,372.138 Dec 2018 quarterly Mar 2010 - Dec 2018
Balance of Payments (BoP): Current Account and Capital Account (EUR th) -374,597.413 Dec 2018 quarterly Mar 2010 - Dec 2018
BoP: Current Account: Goods: Import (EUR th) 645,611.036 Dec 2018 quarterly Mar 2010 - Dec 2018
BoP: Financial Account: Change in Central Bank Reserves (EUR th) -9,057.098 Dec 2018 quarterly Mar 2010 - Dec 2018
Gross General Government External Debt (EUR mn) 3,613.400 Jun 2023 monthly Dec 2010 - Jun 2023
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 5.2 Jul 2023 monthly Aug 2010 - Jul 2023
Household Debt: % of GDP (%) 24.7 Sep 2023 quarterly Dec 2010 - Sep 2023
Non-Performing Loans (USD mn) 218.559 Nov 2022 monthly Dec 2010 - Nov 2022
M2 Growth (%) 22.9 2022 yearly 2003 - 2022
Reserve Requirement Ratio (%) 5.5 Dec 2023 monthly Jan 2002 - Dec 2023
Foreign Exchange Reserves (USD mn) 1,457.9 Dec 2023 monthly Dec 2002 - Dec 2023
Foreign Exchange Reserves: % of GDP (%) 22.477 Sep 2023 quarterly Dec 2010 - Sep 2023
Foreign Exchange Reserves: Months of Import (NA) 4.5 Aug 2023 monthly Jan 2005 - Aug 2023
Gold Reserves (USD mn) 0.000 Dec 2023 monthly Dec 2002 - Dec 2023
Total Deposits (USD mn) 5,855.433 Jan 2024 monthly Jan 2003 - Jan 2024
Total Deposits Growth (%) 3.6 Jan 2024 monthly Jan 2004 - Jan 2024
Domestic Credit (USD mn) 3,822.0 Jan 2024 monthly Jan 2005 - Jan 2024
Domestic Credit Growth (%) 7.1 Jan 2024 monthly Jan 2006 - Jan 2024
Household Debt (USD mn) 1,869.3 Dec 2023 monthly Dec 2004 - Dec 2023
Total Loans (USD mn) 4,530.112 Dec 2023 monthly Jan 2003 - Dec 2023
Total Loans Growth (%) 11.89 Dec 2023 monthly Jan 2004 - Dec 2023
Private Debt: % of Nominal GDP (%) 43.36 Sep 2023 quarterly Dec 2010 - Sep 2023
Bank Loans: Residents: Households (EUR th) 1,188,990.000 Jun 2018 monthly Jan 2009 - Jun 2018
Bank Loans: Non Performing Loans (EUR th) 200,600.000 Apr 2018 monthly Dec 2010 - Apr 2018
ME: Bank Non-Performing Loans to Total Gross Loans (%) 7.426 2018 yearly 2013 - 2018

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