Montenegro Industrial Production Index Growth
2001 - 2023 | Monthly | % | CEIC Data
Key information about Montenegro Industrial Production Index Growth
- Montenegro Industrial production fell 10.7 % YoY in Dec 2023, following an increase of 21.0 % YoY in the previous month.
- Montenegro Industrial production index growth rate YoY data is updated monthly, available from Jan 2001 to Dec 2023, with an average rate of 0.6 %.
- 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 Dec 2023 in the chart:
What was Montenegro's Industrial Production Index Growth in Dec 2023?
Montenegro Industrial production fell 10.7 % YoY in Dec 2023, following an increase of 21.0 % YoY in the previous month. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| -10.7 Dec 2023 | 21.0 Nov 2023 | -56.2 Sep 2009 | 55.1 Sep 2010 | % | monthly | Jan 2001 - Dec 2023 |
Industrial Production Index Growth by Country Comparison
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Includes Industrial Production Index Growth on 105 economies standardised by CEIC. Instant access to full history data in excel.
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | -5.8 Dec 2023 | quarterly | Mar 2006 - Dec 2023 |
| Algeria (%) | 7.1 Sep 2023 | quarterly | Mar 1996 - Sep 2023 |
| Argentina (2004=100) | 103.6 Feb 2024 | monthly | Jan 2016 - Feb 2024 |
| Armenia (%) | 36.4 Feb 2024 | monthly | Jan 2008 - Feb 2024 |
| Australia (%) | 0.0 Dec 2023 | quarterly | Sep 1975 - Dec 2023 |
| Austria (%) | 1.1 Apr 2023 | monthly | Jan 1958 - Apr 2023 |
| Azerbaijan (%) | 0.9 Feb 2024 | monthly | Dec 2009 - Feb 2024 |
| Bangladesh (%) | 6.6 Jan 2024 | monthly | Jul 1974 - Jan 2024 |
| 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 (%) | 2.5 Feb 2024 | monthly | Jan 2007 - Feb 2024 |
| Brazil (%) | 1.3 Feb 2024 | monthly | Jan 1986 - Feb 2024 |
| Bulgaria (%) | -10.8 Apr 2023 | monthly | Jan 2001 - Apr 2023 |
| Canada (%) | 1.7 Feb 2024 | monthly | Jan 1958 - Feb 2024 |
| Chile (%) | 3.1 Feb 2024 | monthly | Jan 2010 - Feb 2024 |
| China (%) | 6.8 Dec 2023 | monthly | Jan 1995 - Dec 2023 |
| Colombia (%) | -1.5 Jan 2024 | monthly | Jan 1981 - Jan 2024 |
| Croatia (%) | 0.4 May 2023 | monthly | Jan 1999 - May 2023 |
| Cyprus (%) | 4.2 Jan 2024 | monthly | Jan 2001 - Jan 2024 |
| Czech Republic (%) | 0.5 Feb 2024 | monthly | Jan 1999 - Feb 2024 |
| Denmark (%) | 11.3 Apr 2023 | monthly | Jan 2001 - Apr 2023 |
| Ecuador (%) | 30.3 Sep 2020 | monthly | Jan 2017 - Sep 2020 |
| Egypt (%) | -6.6 Jan 2024 | monthly | Jan 2021 - Jan 2024 |
| 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 (%) | -2.1 Dec 2023 | quarterly | Mar 2002 - Dec 2023 |
| Germany (%) | -4.8 Feb 2024 | monthly | Jan 1959 - Feb 2024 |
| Greece (%) | 4.2 Apr 2023 | monthly | Jan 1991 - Apr 2023 |
| Hong Kong SAR, China (%) | 4.1 Dec 2023 | quarterly | Mar 1983 - Dec 2023 |
| Hungary (%) | -4.6 May 2023 | monthly | Jan 1986 - May 2023 |
| Iceland (%) | 11.7 2018 | yearly | 2008 - 2018 |
| India (%) | 5.7 Feb 2024 | monthly | Apr 2006 - Feb 2024 |
| Indonesia (%) | -1.0 Dec 2023 | monthly | Jan 1999 - Dec 2023 |
| Iran (%) | 12.7 Mar 2017 | monthly | Jan 1958 - Mar 2017 |
| Ireland (%) | 27.4 Apr 2023 | monthly | Jul 1976 - Apr 2023 |
| Israel (%) | -3.3 Jan 2024 | monthly | Jan 2005 - Jan 2024 |
| Italy (%) | -7.0 Apr 2023 | monthly | Jan 1954 - Apr 2023 |
| Ivory Coast (%) | 6.6 Dec 2023 | monthly | Feb 2022 - Dec 2023 |
| Japan (%) | -6.8 Feb 2024 | monthly | Jan 1954 - Feb 2024 |
| Jordan (%) | 1.4 Jan 2024 | monthly | Jan 2003 - Jan 2024 |
| Kazakhstan (%) | 3.6 Dec 2023 | monthly | Feb 2001 - Dec 2023 |
| Kenya (%) | 5.9 2021 | yearly | 2002 - 2021 |
| South Korea (%) | 9.9 Feb 2024 | monthly | Jan 1958 - Feb 2024 |
| Kuwait (%) | -10.0 Mar 2017 | monthly | Jan 1966 - Mar 2017 |
| Kyrgyzstan (%) | -0.8 Feb 2024 | monthly | Jan 1999 - Feb 2024 |
| Latvia (%) | -8.7 May 2023 | monthly | Jan 2001 - May 2023 |
| Lebanon (%) | 10.6 2010 | yearly | 1998 - 2010 |
| Lithuania (%) | 3.8 Feb 2024 | monthly | Jan 1999 - Feb 2024 |
| Luxembourg (%) | -4.6 Jan 2024 | monthly | Jan 2011 - Jan 2024 |
| Macau SAR, China (%) | 7.3 Dec 2023 | quarterly | Mar 2001 - Dec 2023 |
| North Macedonia (%) | 0.3 Feb 2024 | monthly | Jan 2004 - Feb 2024 |
| Malawi (%) | 68.2 Dec 2022 | monthly | Jan 2014 - Dec 2022 |
| Malaysia (%) | 2.9 Feb 2024 | monthly | Jan 2011 - Feb 2024 |
| Malta (%) | 14.5 Apr 2023 | monthly | Jan 2001 - Apr 2023 |
| Mauritius (%) | -0.7 Dec 2021 | quarterly | Mar 2015 - Dec 2021 |
| Mexico (%) | 1.5 Feb 2024 | monthly | Jan 1981 - Feb 2024 |
| Moldova (%) | 1.1 Dec 2023 | monthly | Jan 2004 - Dec 2023 |
| Mongolia (%) | 105.6 May 2023 | monthly | Jan 2010 - May 2023 |
| Montenegro (%) | -10.7 Dec 2023 | monthly | Jan 2001 - Dec 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 (%) | -0.3 Sep 2023 | quarterly | Mar 2011 - Sep 2023 |
| Norway (%) | -5.1 Apr 2023 | monthly | Jan 1991 - Apr 2023 |
| Oman (%) | -1.9 Apr 2017 | monthly | Jul 1968 - Apr 2017 |
| Pakistan (%) | 1.8 Jan 2024 | monthly | May 1998 - Jan 2024 |
| Palestinian Territory (%) | -20.5 Feb 2024 | monthly | Jan 2012 - Feb 2024 |
| Panama (%) | 0.8 Dec 2021 | monthly | Jan 2004 - Dec 2021 |
| Peru (%) | -4.2 Jan 2024 | monthly | Jan 1994 - Jan 2024 |
| Philippines (%) | 8.9 Feb 2024 | monthly | Jan 2002 - Feb 2024 |
| 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 (%) | 8.5 Feb 2024 | monthly | Jan 2014 - Feb 2024 |
| Saudi Arabia (%) | -10.5 Dec 2023 | monthly | Jan 2019 - Dec 2023 |
| Serbia (%) | 0.6 May 2023 | monthly | Jan 2001 - May 2023 |
| Singapore (%) | 12.7 Feb 2024 | monthly | Jan 1984 - Feb 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 (%) | 7.4 Feb 2024 | monthly | Jan 1997 - Feb 2024 |
| Tajikistan (%) | 6.0 Jan 2024 | monthly | Jan 2000 - Jan 2024 |
| Thailand (%) | -2.6 Feb 2024 | monthly | Jan 2012 - Feb 2024 |
| Tunisia (%) | -4.4 Dec 2023 | monthly | Jan 2001 - Dec 2023 |
| Turkey (%) | -0.9 Apr 2023 | monthly | Jan 1987 - Apr 2023 |
| Ukraine (%) | 22.6 Dec 2023 | monthly | Dec 2000 - Dec 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 (%) | -0.2 Feb 2024 | monthly | Jan 1920 - Feb 2024 |
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Includes 161 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 (%) | 0.2 Dec 2023 | quarterly | Dec 2012 - Dec 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 (%) | 22.8 Dec 2023 | quarterly | Mar 2012 - Dec 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 Govt Revenue: Cons: Taxes: Excises (EUR) | 22,366,846.550 Feb 2024 | monthly | Jan 2012 - Feb 2024 |
| General Govt Revenue: Cons: Taxes (EUR) | 121,308,599.170 Feb 2024 | monthly | Jan 2012 - Feb 2024 |
| General Government Revenue: Consolidated (EUR) | 256,012,257.490 Dec 2023 | monthly | Jan 2012 - Dec 2023 |
| General Govt Expenditure: Consolidated (EUR) | 214,470,792.860 Feb 2024 | monthly | Jan 2012 - Feb 2024 |
| General Govt Revenue: Cons: Taxes: Value Added Tax (EUR) | 81,980,319.980 Feb 2024 | monthly | Jan 2012 - Feb 2024 |
| General Govt Expenditure: Cons: ow Current (EUR) | 204,638,222.040 Feb 2024 | monthly | Jan 2012 - Feb 2024 |
| General Govt Balance: Consolidated: Deficit or Surplus (EUR) | -144,918,956.860 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) | 0.202 Feb 2024 | monthly | Jan 2010 - Feb 2024 |
| Total Imports from USA (USD mn) | 3.134 Feb 2024 | monthly | Jan 2006 - Feb 2024 |
| Total Exports to China (USD mn) | 3.786 Feb 2024 | monthly | Jan 2010 - Feb 2024 |
| Total Imports from China (USD mn) | 43.862 Feb 2024 | monthly | Jan 2006 - Feb 2024 |
| Exports (EUR th) | 39,512.254 Sep 2023 | monthly | Jan 2005 - Sep 2023 |
| Exports: Machinery & Transport Equipment (EUR th) | 20,442.833 Feb 2024 | monthly | Mar 2009 - Feb 2024 |
| Exports: Manufactured Goods (EUR th) | 10,205.156 Feb 2024 | monthly | Mar 2009 - Feb 2024 |
| Exports: Food & Live Animals (EUR th) | 3,589.306 Feb 2024 | monthly | Mar 2009 - Feb 2024 |
| Exports: Crude Materials: excl Fuels (EUR th) | 9,713.931 Feb 2024 | monthly | Mar 2009 - Feb 2024 |
| Exports: Mineral Fuels, Lubricants & Related Materials (EUR th) | 11,409.210 Feb 2024 | monthly | Mar 2009 - Feb 2024 |
| Exports: Europe: EU-28: Slovenia (EUR th) | 3,646.741 Feb 2024 | monthly | Mar 2009 - Feb 2024 |
| Exports: Europe: CEFTA: Serbia (EUR th) | 17,885.372 Feb 2024 | monthly | Mar 2009 - Feb 2024 |
| Imports: Miscellaneous Manufactured Goods (EUR th) | 42,690.952 Feb 2024 | monthly | Mar 2009 - Feb 2024 |
| Imports: Food & Live Animals (EUR th) | 55,315.303 Feb 2024 | monthly | Mar 2009 - Feb 2024 |
| Imports: Machinery & Transport Equipment (EUR th) | 82,421.680 Feb 2024 | monthly | Mar 2009 - Feb 2024 |
| Imports: Mineral Fuels, Lubricants & Related Materials (EUR th) | 25,790.103 Feb 2024 | monthly | Mar 2009 - Feb 2024 |
| Imports (EUR th) | 345,099.221 Sep 2023 | monthly | Jan 2005 - Sep 2023 |
| Imports: Manufactured Goods (EUR th) | 52,319.526 Feb 2024 | monthly | Mar 2009 - Feb 2024 |
| Imports: Europe: EU-28: Greece (EUR th) | 16,962.572 Feb 2024 | monthly | Mar 2009 - Feb 2024 |
| Imports: Europe: CEFTA: Serbia (EUR th) | 47,843.029 Feb 2024 | monthly | Mar 2009 - Feb 2024 |
| 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 (%) | -24.1 Dec 2023 | quarterly | Mar 2010 - Dec 2023 |
| Foreign Direct Investment (USD mn) | 150.7 Dec 2023 | quarterly | Mar 2005 - Dec 2023 |
| Foreign Direct Investment: % of GDP (%) | 8.0 Dec 2023 | quarterly | Mar 2010 - Dec 2023 |
| Foreign Portfolio Investment (USD mn) | 2.789 Dec 2023 | quarterly | Mar 2005 - Dec 2023 |
| Foreign Portfolio Investment: % of GDP (%) | 0.1 Dec 2023 | quarterly | Mar 2010 - Dec 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: Import (EUR th) | 645,611.036 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: Export (EUR th) | 120,372.138 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 Dec 2023 | quarterly | Dec 2010 - Dec 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 Feb 2024 | monthly | Jan 2002 - Feb 2024 |
| Foreign Exchange Reserves (USD mn) | 1,246.2 Feb 2024 | monthly | Dec 2002 - Feb 2024 |
| Foreign Exchange Reserves: % of GDP (%) | 19.669 Dec 2023 | quarterly | Dec 2010 - Dec 2023 |
| Foreign Exchange Reserves: Months of Import (NA) | 3.8 Feb 2024 | monthly | Jan 2005 - Feb 2024 |
| Gold Reserves (USD mn) | 0.000 Feb 2024 | monthly | Dec 2002 - Feb 2024 |
| Total Deposits (USD mn) | 5,833.846 Feb 2024 | monthly | Jan 2003 - Feb 2024 |
| Total Deposits Growth (%) | 3.2 Feb 2024 | monthly | Jan 2004 - Feb 2024 |
| Domestic Credit (USD mn) | 3,867.8 Feb 2024 | monthly | Jan 2005 - Feb 2024 |
| Domestic Credit Growth (%) | 7.7 Feb 2024 | monthly | Jan 2006 - Feb 2024 |
| Household Debt (USD mn) | 1,858.0 Feb 2024 | monthly | Dec 2004 - Feb 2024 |
| Total Loans (USD mn) | 4,500.728 Feb 2024 | monthly | Jan 2003 - Feb 2024 |
| Total Loans Growth (%) | 9.31 Feb 2024 | monthly | Jan 2004 - Feb 2024 |
| Private Debt: % of Nominal GDP (%) | 43.41 Dec 2023 | quarterly | Dec 2010 - Dec 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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