Montenegro Labour Force Participation Rate

2008 - 2023 | Quarterly | % | Statistical Office of Montenegro

Key information about Montenegro Labour Force Participation Rate

  • Montenegro Labour Force Participation Rate increased to 66.5 % in Sep 2023, compared with 64.2 % in the previous quarter.
  • Montenegro Labour Force Participation Rate is updated quarterly, available from Mar 2008 to Sep 2023, with an average rate of 53.3 % .
  • The data reached the an all-time high of 66.5 % in Sep 2023 and a record low of 46.8 % in Jun 2021.
  • Montenegro Labour Force Participation Rate is reported by reported by Statistical Office of Montenegro.
  • In the latest reports, Montenegro Population reached 0.6 million people in Jun 2022.
  • Unemployment Rate of Montenegro dropped to 11.8 % in Sep 2023.
  • The country's Monthly Earnings stood at 1,065.1 USD in Sep 2023.

View Montenegro's Labour Force Participation Rate from Mar 2008 to Sep 2023 in the chart:

Montenegro Labour Force Participation Rate

What was Montenegro's Labour Force Participation Rate in Sep 2023?

Montenegro Labour Force Participation Rate increased to 66.5 % in Sep 2023, compared with 64.2 % in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
66.5 Sep 2023 64.2 Jun 2023 46.8 Jun 2021 66.5 Sep 2023 % quarterly Mar 2008 - Sep 2023

Labour Force Participation Rate by Country Comparison

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country/region Last Frequency Range
Albania (%) 64.5 Sep 2023 quarterly Mar 2012 - Sep 2023
Algeria (%) 41.7 2018 yearly 2003 - 2018
Argentina (%) 60.5 2022 yearly 1990 - 2022
Armenia (%) 61.7 Sep 2023 quarterly Mar 2008 - Sep 2023
Australia (%) 66.0 Jan 2024 monthly Feb 1978 - Jan 2024
Austria (%) 77.1 Jun 2022 quarterly Mar 2021 - Jun 2022
Azerbaijan (%) 70.0 2022 yearly 1990 - 2022
Bahrain (%) 71.8 2022 yearly 1990 - 2022
Bangladesh (%) 58.3 2022 yearly 1990 - 2022
Belarus (%) 86.8 2022 yearly 1995 - 2022
Belgium (%) 70.6 Mar 2023 quarterly Mar 1999 - Mar 2023
Bolivia (%) 77.7 Sep 2022 quarterly Dec 2015 - Sep 2022
Bosnia and Herzegovina (%) 47.6 2022 yearly 2006 - 2022
Botswana (%) 64.6 2022 yearly 1990 - 2022
Brazil (%) 62.1 Jan 2024 monthly Mar 2012 - Jan 2024
Brunei (%) 64.4 2022 yearly 1990 - 2022
Bulgaria (%) 56.1 Sep 2023 quarterly Jun 2000 - Sep 2023
Cambodia (%) 87.4 2020 yearly 2020 - 2020
Canada (%) 64.5 Jan 2024 monthly Jan 1976 - Jan 2024
Chile (%) 62.1 Jan 2024 monthly Mar 2009 - Jan 2024
China (%) 66.9 2022 yearly 1990 - 2022
Colombia (%) 63.3 Jan 2024 monthly Jan 2001 - Jan 2024
Croatia (%) 52.2 Jun 2023 quarterly Mar 2007 - Jun 2023
Cyprus (%) 65.6 Jun 2023 quarterly Jun 1999 - Jun 2023
Czech Republic (%) 60.2 Sep 2023 quarterly Mar 1993 - Sep 2023
Denmark (%) 72.7 Jan 2024 monthly Jan 2007 - Jan 2024
Ecuador (%) 65.6 Dec 2023 quarterly Dec 2013 - Dec 2023
Egypt (%) 42.7 2022 yearly 2009 - 2022
Estonia (%) 67.0 Sep 2023 quarterly Mar 2000 - Sep 2023
European Union (%) 75.4 2022 yearly 1990 - 2022
Finland (%) 67.3 Jan 2024 monthly May 2004 - Jan 2024
France (%) 74.1 Dec 2023 quarterly Mar 2003 - Dec 2023
Georgia (%) 51.9 2022 yearly 1998 - 2022
Germany (%) 55.9 Dec 2023 quarterly Mar 2007 - Dec 2023
Ghana (%) 68.9 2022 yearly 1990 - 2022
Greece (%) 60.9 Jan 2024 monthly Jan 2004 - Jan 2024
Hong Kong SAR, China (%) 57.1 Jan 2024 monthly Dec 1981 - Jan 2024
Hungary (%) 67.9 Dec 2023 quarterly Mar 2009 - Dec 2023
Iceland (%) 81.0 Jan 2024 monthly Jan 2003 - Jan 2024
India (%) 42.4 2023 yearly 1990 - 2023
Indonesia (%) 69.5 Aug 2023 semiannually Feb 2005 - Aug 2023
Iran (%) 41.0 Dec 2022 quarterly Jun 2018 - Dec 2022
Ireland (%) 65.4 Dec 2023 quarterly Mar 1998 - Dec 2023
Israel (%) 62.7 Dec 2023 monthly Jan 2012 - Dec 2023
Italy (%) 48.2 Dec 2020 monthly Jan 2004 - Dec 2020
Ivory Coast (%) 64.4 2022 yearly 1990 - 2022
Japan (%) 62.6 Jan 2024 monthly Jan 1968 - Jan 2024
Jordan (%) 39.3 2022 yearly 1990 - 2022
Kazakhstan (%) 68.3 Dec 2023 quarterly Jun 2001 - Dec 2023
Kenya (%) 73.7 2022 yearly 1990 - 2022
South Korea (%) 63.3 Jan 2024 monthly Jun 1999 - Jan 2024
Kosovo (%) 39.5 Mar 2023 quarterly Mar 2016 - Mar 2023
Kuwait (%) 71.5 2022 yearly 1990 - 2022
Kyrgyzstan (%) 60.1 2022 yearly 1994 - 2022
Laos (%) 59.5 2022 yearly 1990 - 2022
Latvia (%) 68.6 Dec 2023 quarterly Mar 2002 - Dec 2023
Lebanon (%) 45.5 2022 yearly 1990 - 2022
Lithuania (%) 63.6 Dec 2023 quarterly Jun 1998 - Dec 2023
Luxembourg (%) 54.9 2022 yearly 2000 - 2022
Macau SAR, China (%) 67.9 Jan 2024 monthly Sep 1996 - Jan 2024
North Macedonia (%) 52.2 Dec 2023 quarterly Mar 2023 - Dec 2023
Malawi (%) 68.9 2022 yearly 1990 - 2022
Malaysia (%) 70.2 Dec 2023 monthly Jan 2010 - Dec 2023
Malta (%) 82.7 Sep 2023 quarterly Dec 2000 - Sep 2023
Mauritius (%) 58.4 Sep 2023 quarterly Mar 2004 - Sep 2023
Mexico (%) 59.8 Jan 2024 monthly Jan 2005 - Jan 2024
Moldova (%) 45.4 Jun 2023 quarterly Mar 2015 - Jun 2023
Mongolia (%) 57.6 Dec 2023 quarterly Sep 2006 - Dec 2023
Montenegro (%) 66.5 Sep 2023 quarterly Mar 2008 - Sep 2023
Morocco (%) 44.8 Jun 2023 quarterly Mar 1999 - Jun 2023
Mozambique (%) 78.9 2022 yearly 1990 - 2022
Myanmar (%) 59.4 2020 yearly 1991 - 2020
Nepal (%) 40.2 2022 yearly 1990 - 2022
Netherlands (%) 73.1 Jan 2024 monthly Jan 2003 - Jan 2024
New Zealand (%) 72.2 Dec 2023 quarterly Mar 1986 - Dec 2023
Nigeria (%) 59.0 2022 yearly 1990 - 2022
Norway (%) 65.3 2022 yearly 1989 - 2022
Oman (%) 67.7 2022 yearly 1990 - 2022
Pakistan (%) 32.3 2021 yearly 1990 - 2021
Palestinian Territory (%) 44.4 Sep 2023 quarterly Jun 2002 - Sep 2023
Panama (%) 60.4 2021 yearly 2003 - 2021
Paraguay (%) 71.1 Dec 2023 quarterly Mar 2017 - Dec 2023
Peru (%) 72.4 2022 yearly 2001 - 2022
Philippines (%) 60.1 Jul 2023 quarterly Jul 2003 - Jul 2023
Poland (%) 58.9 Dec 2023 quarterly Mar 2010 - Dec 2023
Portugal (%) 61.0 Dec 2023 quarterly Mar 2011 - Dec 2023
Qatar (%) 87.7 2022 yearly 2006 - 2022
Romania (%) 51.5 Sep 2023 quarterly Mar 1996 - Sep 2023
Russia (%) 63.0 Sep 2023 monthly Aug 2009 - Sep 2023
Saudi Arabia (%) 61.7 Mar 2023 quarterly Jun 2016 - Mar 2023
Serbia (%) 55.8 Jun 2023 quarterly Mar 2014 - Jun 2023
Slovakia (%) 61.7 Jun 2023 quarterly Mar 2021 - Jun 2023
Slovenia (%) 58.7 Sep 2023 quarterly Mar 2008 - Sep 2023
South Africa (%) 60.0 Dec 2023 quarterly Mar 2008 - Dec 2023
Spain (%) 59.0 Dec 2023 quarterly Sep 1976 - Dec 2023
Sri Lanka (%) 48.8 Sep 2023 quarterly Mar 2004 - Sep 2023
Sudan (%) 48.6 2022 yearly 1990 - 2022
Sweden (%) 73.9 Jan 2024 monthly Apr 2005 - Jan 2024
Switzerland (%) 68.0 Dec 2023 quarterly Mar 2010 - Dec 2023
Syria (%) 38.3 2022 yearly 1990 - 2022

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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: Excises (EUR) 28,494,203.900 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 (EUR) 137,012,115.600 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 Expenditure: Cons: ow Current (EUR) 321,973,336.150 Dec 2023 monthly Jan 2012 - Dec 2023
General Govt Expenditure: Consolidated (EUR) 400,948,545.750 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) 3.266 Oct 2023 monthly Jan 2006 - Oct 2023
Total Exports to China (USD mn) 0.064 Sep 2023 monthly Jan 2010 - Sep 2023
Total Imports from China (USD mn) 37.961 Oct 2023 monthly Jan 2006 - Oct 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: Manufactured Goods (EUR th) 4,621.309 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: Crude Materials: excl Fuels (EUR th) 9,271.644 Sep 2023 monthly Mar 2009 - Sep 2023
Exports: Food & Live Animals (EUR th) 4,132.036 Sep 2023 monthly Mar 2009 - Sep 2023
Exports: Europe: EU-28: Slovenia (EUR th) 3,055.071 Sep 2023 monthly Mar 2009 - Sep 2023
Exports: Europe: CEFTA: Serbia (EUR th) 11,608.897 Sep 2023 monthly Mar 2009 - Sep 2023
Imports: Manufactured Goods (EUR th) 58,372.312 Sep 2023 monthly Mar 2009 - Sep 2023
Imports (EUR th) 345,099.221 Sep 2023 monthly Jan 2005 - Sep 2023
Imports: Miscellaneous Manufactured Goods (EUR th) 49,978.003 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: 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: Europe: EU-28: Greece (EUR th) 22,544.386 Sep 2023 monthly Mar 2009 - Sep 2023
Imports: Europe: CEFTA: Serbia (EUR th) 56,453.887 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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