Montenegro Labour Productivity Growth

2011 - 2021 | Quarterly | % | CEIC Data

Key information about Montenegro Labour Productivity Growth

  • Montenegro Labour Productivity dropped by 6.62 % YoY in Dec 2021, compared with a growth of 16.35 % in the previous quarter
  • Montenegro Labour Productivity Growth data is updated quarterly, available from Mar 2011 to Dec 2021, averaging at 1.75 %
  • The data reached an all-time high of 38.71 % in Jun 2021 and a record low of -14.01 % in Sep 2020

CEIC calculates Labour Productivity Growth from quarterly Real GDP Growth and quarterly Employment. The Statistical Office of Montenegro provides Real GDP Growth and Employment.


Further information about Montenegro Labour Productivity Growth

  • In the latest reports, Montenegro Population reached 0.62 Person mn in Jun 2021
  • Its Unemployment Rate increased to 15.40 % in Dec 2021
  • Monthly Earnings of Montenegro stood at 956.45 USD in Mar 2022
  • The country's Labour Force Participation Rate dropped to 54.40 % in Dec 2021

View Montenegro's Labour Productivity Growth from Mar 2011 to Dec 2021 in the chart:

Montenegro Labour Productivity Growth

What was Montenegro's Labour Productivity Growth in Dec 2021?

Montenegro Labour Productivity dropped by 6.62 % YoY in Dec 2021, compared with a growth of 16.35 % in the previous quarter See the table below for more data.

Last Previous Min Max Unit Frequency Range
-6.62 Dec 2021 16.35 Sep 2021 -14.01 Sep 2020 38.71 Jun 2021 % quarterly Mar 2011 - Dec 2021

Labour Productivity Growth by Country Comparison

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country/region Last Frequency Range
Albania (%) 15.93 Jun 2021 quarterly Mar 2010 - Jun 2021
Algeria (%) 0.30 2020 yearly 1992 - 2020
Argentina (%) -2.41 2020 yearly 1992 - 2020
Armenia (%) 2.04 Dec 2021 quarterly Mar 2009 - Dec 2021
Australia (%) 1.95 Dec 2021 quarterly Jun 1979 - Dec 2021
Austria (%) 3.98 Dec 2021 quarterly Mar 2005 - Dec 2021
Azerbaijan (%) 6.09 Dec 2021 quarterly Mar 2009 - Dec 2021
Bahrain (%) 5.51 Mar 2021 quarterly Mar 2009 - Mar 2021
Bangladesh (%) 5.83 2020 yearly 1992 - 2020
Belarus (%) 3.11 Dec 2021 quarterly Mar 2006 - Dec 2021
Belgium (%) 2.46 Dec 2021 quarterly Mar 2000 - Dec 2021
Bolivia (%) 6.71 2017 yearly 2000 - 2017
Bosnia and Herzegovina (%) 2.94 2018 yearly 2007 - 2018
Botswana (%) -3.03 Dec 2020 quarterly Sep 2008 - Dec 2020
Brazil (%) 5.85 2020 yearly 1992 - 2020
Brunei (%) 1.58 2020 yearly 1992 - 2020
Bulgaria (%) 4.35 Dec 2021 quarterly Mar 2001 - Dec 2021
Cambodia (%) 5.07 2017 yearly 2008 - 2017
Canada (%) -0.91 Dec 2021 quarterly Mar 1977 - Dec 2021
Chile (%) 2.92 Dec 2021 quarterly Mar 1987 - Dec 2021
China (%) 8.70 2021 yearly 1953 - 2021
Colombia (%) 8.16 Dec 2021 quarterly Mar 2002 - Dec 2021
Croatia (%) 13.98 Sep 2021 quarterly Mar 2008 - Sep 2021
Cyprus (%) 0.55 Dec 2021 quarterly Jun 2005 - Dec 2021
Czech Republic (%) 2.85 Dec 2021 quarterly Dec 2004 - Dec 2021
Denmark (%) 2.21 Dec 2021 quarterly Mar 1991 - Dec 2021
Ecuador (%) 2.05 2020 yearly 1992 - 2020
Egypt (%) -3.80 Jun 2021 quarterly Mar 2004 - Jun 2021
Estonia (%) 6.83 Dec 2021 quarterly Mar 1996 - Dec 2021
European Union (%) 2.99 Dec 2021 quarterly Mar 2006 - Dec 2021
Finland (%) 0.68 Dec 2021 quarterly Mar 1991 - Dec 2021
France (%) -6.98 2020 yearly 1979 - 2020
Georgia (%) 12.57 2021 yearly 1997 - 2021
Germany (%) 0.84 Dec 2021 quarterly Mar 1992 - Dec 2021
Ghana (%) -0.78 2020 yearly 1992 - 2020
Greece (%) 3.65 Dec 2021 quarterly Mar 1996 - Dec 2021
Hong Kong SAR, China (%) -3.57 Mar 2022 quarterly Dec 1982 - Mar 2022
Hungary (%) 5.55 Dec 2021 quarterly Mar 1999 - Dec 2021
Iceland (%) -3.97 Dec 2021 quarterly Mar 2004 - Dec 2021
India (%) 0.70 2020 yearly 1992 - 2020
Indonesia (%) 1.64 2021 yearly 2001 - 2021
Iran (%) 10.79 2020 yearly 1992 - 2020
Ireland (%) -0.40 Dec 2021 quarterly Mar 1999 - Dec 2021
Israel (%) 2.20 Dec 2020 quarterly Mar 2013 - Dec 2020
Italy (%) 4.39 Dec 2021 quarterly Mar 1997 - Dec 2021
Ivory Coast (%) 0.18 2020 yearly 1992 - 2020
Japan (%) 0.94 Dec 2021 quarterly Mar 1995 - Dec 2021
Jordan (%) 0.44 2017 yearly 2001 - 2017
Kazakhstan (%) 4.67 Sep 2021 quarterly Mar 2002 - Sep 2021
Kenya (%) 0.57 2019 yearly 2011 - 2019
South Korea (%) -0.70 Mar 2022 quarterly Sep 1983 - Mar 2022
Kosovo (%) 2.92 Mar 2021 quarterly Mar 2017 - Mar 2021
Kuwait (%) -1.66 2020 yearly 1996 - 2020
Kyrgyzstan (%) -8.49 2020 yearly 1993 - 2020
Laos (%) -0.35 2020 yearly 1992 - 2020
Latvia (%) 5.61 Dec 2021 quarterly Mar 2003 - Dec 2021
Lebanon (%) -16.39 2020 yearly 1992 - 2020
Lithuania (%) 2.20 Dec 2021 quarterly Mar 1996 - Dec 2021
Luxembourg (%) 1.18 Dec 2021 quarterly Mar 1996 - Dec 2021
Macau SAR, China (%) -1.43 Dec 2021 quarterly Mar 2002 - Dec 2021
North Macedonia (%) 1.59 Dec 2021 quarterly Mar 2005 - Dec 2021
Malawi (%) 1.23 2020 yearly 1992 - 2020
Malaysia (%) 2.70 Mar 2022 quarterly Mar 2001 - Mar 2022
Malta (%) 4.71 Dec 2021 quarterly Dec 2001 - Dec 2021
Mauritius (%) 9.08 Dec 2021 quarterly Mar 2005 - Dec 2021
Mexico (%) -4.76 Dec 2021 quarterly Jun 1996 - Dec 2021
Moldova (%) 18.60 Dec 2021 quarterly Mar 2001 - Dec 2021
Mongolia (%) -10.11 Mar 2022 quarterly Sep 2007 - Mar 2022
Montenegro (%) -6.62 Dec 2021 quarterly Mar 2011 - Dec 2021
Morocco (%) -2.45 2020 yearly 2000 - 2020
Mozambique (%) -3.31 2020 yearly 1992 - 2020
Myanmar (%) 7.44 2020 yearly 1992 - 2020
Nepal (%) 4.24 2020 yearly 1992 - 2020
Netherlands (%) 3.01 Dec 2021 quarterly Mar 1996 - Dec 2021
New Zealand (%) -1.77 Dec 2021 quarterly Jun 1988 - Dec 2021
Nigeria (%) 1.14 Sep 2018 quarterly Mar 2013 - Sep 2018
Norway (%) 0.65 Mar 2022 quarterly Mar 1996 - Mar 2022
Oman (%) 12.26 2020 yearly 1999 - 2020
Pakistan (%) -1.23 2019 yearly 2001 - 2019
Palestinian Territory (%) 1.32 Dec 2021 quarterly Jun 2013 - Dec 2021
Panama (%) -0.50 2020 yearly 1992 - 2020
Paraguay (%) -1.05 Dec 2021 quarterly Mar 2018 - Dec 2021
Peru (%) 2.31 2020 yearly 2002 - 2020
Philippines (%) -3.46 2020 yearly 1992 - 2020
Poland (%) -2.66 Dec 2020 quarterly Dec 1999 - Dec 2020
Portugal (%) 3.93 Dec 2021 quarterly Mar 1996 - Dec 2021
Qatar (%) -0.98 2019 yearly 2012 - 2019
Romania (%) 12.59 Dec 2021 quarterly Mar 1996 - Dec 2021
Russia (%) 2.48 Dec 2021 quarterly Mar 1996 - Dec 2021
Saudi Arabia (%) 5.41 2021 yearly 1971 - 2021
Serbia (%) 7.15 Dec 2021 quarterly Mar 2015 - Dec 2021
Singapore (%) 5.80 Dec 2021 quarterly Mar 1986 - Dec 2021
Slovakia (%) -1.52 Dec 2021 quarterly Mar 1996 - Dec 2021
Slovenia (%) 7.55 Dec 2021 quarterly Mar 1996 - Dec 2021
South Africa (%) 5.03 Dec 2021 quarterly Mar 2009 - Dec 2021
Spain (%) 2.45 Mar 2022 quarterly Mar 1996 - Mar 2022
Sri Lanka (%) 0.31 Dec 2021 quarterly Jun 2013 - Dec 2021
Sudan (%) 3.26 2010 yearly 1996 - 2010
Sweden (%) 5.16 Dec 2021 quarterly Mar 1994 - Dec 2021
Switzerland (%) 3.41 Dec 2021 quarterly Mar 2011 - Dec 2021

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Montenegro Key Series

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Includes 199 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 (%) -2.0 Dec 2021 quarterly Dec 2012 - Dec 2021
Consolidated Fiscal Balance (USD mn) -30.269 Feb 2022 monthly Jan 2012 - Feb 2022
Tax Revenue (USD mn) 94.442 Feb 2022 monthly Jan 2012 - Feb 2022
Tax Revenue: % of GDP (%) 24.4 Dec 2021 quarterly Mar 2012 - Dec 2021
National Government Debt (USD mn) 4,629.1 Dec 2021 monthly Dec 2010 - Dec 2021
Government Debt: % of GDP (%) 83.3 Dec 2021 quarterly Dec 2010 - Dec 2021
Forecast: Government Expenditure (EUR bn) 3.256 2027 yearly 2002 - 2027
Forecast: Government Net Debt (EUR bn) 6.024 2027 yearly 2002 - 2027
Forecast: Government Revenue (EUR bn) 2.803 2027 yearly 2002 - 2027
General Government Revenue: Consolidated (EUR) 124,160,048.790 Feb 2022 monthly Jan 2012 - Feb 2022
General Govt Expenditure: Consolidated (EUR) 150,830,698.820 Feb 2022 monthly Jan 2012 - Feb 2022
General Govt Revenue: Cons: Taxes: Excises (EUR) 16,062,530.340 Feb 2022 monthly Jan 2012 - Feb 2022
General Govt Expenditure: Cons: ow Current (EUR) 139,180,160.110 Feb 2022 monthly Jan 2012 - Feb 2022
General Govt Balance: Consolidated: Deficit or Surplus (EUR) -26,670,650.030 Feb 2022 monthly Jan 2012 - Feb 2022
General Govt Revenue: Cons: Taxes: Value Added Tax (EUR) 54,121,445.460 Feb 2022 monthly Jan 2012 - Feb 2022
General Govt Revenue: Cons: Taxes (EUR) 83,215,985.100 Feb 2022 monthly Jan 2012 - Feb 2022
Gross General Government External Debt (EUR mn) 3,688.480 Dec 2021 monthly Dec 2010 - Dec 2021
Gross General Government Debt (EUR mn) 4,090.020 Dec 2021 monthly Dec 2010 - Dec 2021
Gross General Government Debt: Domestic (EUR mn) 401.540 Dec 2021 monthly Dec 2010 - Dec 2021
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 2.053 2027 yearly 2003 - 2027
Trade Balance (USD mn) -236.2 Mar 2022 monthly Jan 2005 - Mar 2022
Total Exports (USD mn) 77.3 Mar 2022 monthly Jan 2005 - Mar 2022
Total Exports Growth (%) 105.1 Mar 2022 monthly Jan 2006 - Mar 2022
Aluminum: Exports (USD th) 64,427.184 2020 yearly 2008 - 2020
Exports: Medicament (USD th) 27,577.528 2020 yearly 2008 - 2020
Exports: Medicinal and Pharmaceutical Product (USD th) 35.218 2020 yearly 2008 - 2020
Total Imports (USD mn) 313.5 Mar 2022 monthly Jan 2005 - Mar 2022
Total Imports Growth (%) 53.4 Mar 2022 monthly Jan 2006 - Mar 2022
Imports: Medicament (USD th) 95,282.144 2020 yearly 2008 - 2020
Imports: Medicinal and Pharmaceutical Product (USD th) 37,610.169 2020 yearly 2008 - 2020
Total Exports to USA (USD mn) 0.497 Mar 2022 monthly Jan 2010 - Mar 2022
Total Imports from USA (USD mn) 2.914 Mar 2021 monthly Jan 2006 - Mar 2021
Total Exports to China (USD mn) 8.044 Mar 2022 monthly Jan 2010 - Mar 2022
Total Imports from China (USD mn) 28.033 Mar 2022 monthly Jan 2006 - Mar 2022
Exports (EUR th) 70,137.527 Mar 2022 monthly Jan 2005 - Mar 2022
Imports (EUR th) 284,533.863 Mar 2022 monthly Jan 2005 - Mar 2022
Exports: Machinery & Transport Equipment (EUR th) 4,546.544 Mar 2022 monthly Mar 2009 - Mar 2022
Exports: Mineral Fuels, Lubricants & Related Materials (EUR th) 22,022.178 Mar 2022 monthly Mar 2009 - Mar 2022
Exports: Manufactured Goods (EUR th) 25,465.653 Mar 2022 monthly Mar 2009 - Mar 2022
Exports: Food & Live Animals (EUR th) 2,310.195 Mar 2022 monthly Mar 2009 - Mar 2022
Exports: Crude Materials: excl Fuels (EUR th) 12,149.603 Mar 2022 monthly Mar 2009 - Mar 2022
Exports: Europe: CEFTA: Serbia (EUR th) 10,999.690 Mar 2022 monthly Mar 2009 - Mar 2022
Exports: Europe: EU-28: Slovenia (EUR th) 2,218.690 Mar 2022 monthly Mar 2009 - Mar 2022
Imports: Miscellaneous Manufactured Goods (EUR th) 35,370.171 Mar 2022 monthly Mar 2009 - Mar 2022
Imports: Manufactured Goods (EUR th) 58,898.416 Mar 2022 monthly Mar 2009 - Mar 2022
Imports: Food & Live Animals (EUR th) 52,401.805 Mar 2022 monthly Mar 2009 - Mar 2022
Imports: Machinery & Transport Equipment (EUR th) 55,942.764 Mar 2022 monthly Mar 2009 - Mar 2022
Imports: Mineral Fuels, Lubricants & Related Materials (EUR th) 35,135.375 Mar 2022 monthly Mar 2009 - Mar 2022
Imports: Europe: CEFTA: Serbia (EUR th) 52,000.191 Mar 2022 monthly Mar 2009 - Mar 2022
Imports: Europe: EU-28: Greece (EUR th) 17,513.541 Mar 2022 monthly Mar 2009 - Mar 2022
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 6.3 Dec 2021 quarterly Mar 2005 - Dec 2021
Current Account Balance (USD mn) -232.2 Dec 2021 quarterly Mar 2004 - Dec 2021
Current Account Balance: % of GDP (%) -15.3 Dec 2021 quarterly Mar 2010 - Dec 2021
Foreign Direct Investment (USD mn) 234.7 Dec 2021 quarterly Mar 2005 - Dec 2021
Foreign Direct Investment: % of GDP (%) 15.5 Dec 2021 quarterly Mar 2010 - Dec 2021
Foreign Portfolio Investment (USD mn) -87.300 Dec 2021 quarterly Mar 2005 - Dec 2021
Foreign Portfolio Investment: % of GDP (%) -5.8 Dec 2021 quarterly Mar 2010 - Dec 2021
Foreign Portfolio Investment: Equity Securities (USD mn) 185.9 Dec 2021 quarterly Mar 2007 - Dec 2021
Foreign Portfolio Investment: Debt Securities (USD mn) 48.822 Dec 2021 quarterly Mar 2007 - Dec 2021
External Debt (USD mn) 9,722.7 2020 yearly 2006 - 2020
External Debt: % of GDP (%) 203.8 2020 yearly 2006 - 2020
External Debt: Short Term (USD mn) 316.3 2020 yearly 2007 - 2020
External Debt: Short Term: % of GDP (%) 6.6 2020 yearly 2007 - 2020
Forecast: Current Account Balance (USD bn) -1.054 2027 yearly 2001 - 2027
BoP: Current Account: Goods: Export (EUR th) 120,372.138 Dec 2018 quarterly Mar 2010 - Dec 2018
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: Financial Account: Change in Central Bank Reserves (EUR th) -9,057.098 Dec 2018 quarterly Mar 2010 - Dec 2018
Foreign Direct Investment: Flow: Slovenia (EUR) 10,149,239.710 2021 yearly 2001 - 2021
Foreign Direct Investment: Flow: Russian Federation (EUR) 164,526,989.970 2021 yearly 2001 - 2021
Foreign Direct Investment: Flow: Italy (EUR) 89,717,483.530 2021 yearly 2001 - 2021
Foreign Direct Investment: Flow: Serbia (EUR) 75,953,086.230 2021 yearly 2002 - 2021
Foreign Direct Investment: Flow: Switzerland (EUR) 78,865,715.780 2021 yearly 2001 - 2021
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 6.9 Jan 2022 monthly Aug 2010 - Jan 2022
Household Debt: % of GDP (%) 29.1 Dec 2021 quarterly Dec 2010 - Dec 2021
Non-Performing Loans (USD mn) 260.578 Jan 2022 monthly Dec 2010 - Jan 2022
M2 Growth (%) -3.7 2020 yearly 2003 - 2020
Reserve Requirement Ratio (%) 5.5 May 2022 monthly Jan 2002 - May 2022
Foreign Exchange Reserves (USD mn) 1,751.1 Mar 2022 monthly Dec 2002 - Mar 2022
Foreign Exchange Reserves: % of GDP (%) 32.018 Dec 2021 quarterly Dec 2010 - Dec 2021
Foreign Exchange Reserves: Months of Import (NA) 5.6 Mar 2022 monthly Jan 2005 - Mar 2022
Gold Reserves (USD mn) 0.000 Mar 2022 monthly Dec 2002 - Mar 2022
Total Deposits (USD mn) 4,748.552 Mar 2022 monthly Jan 2003 - Mar 2022
Total Deposits Growth (%) 23.8 Mar 2022 monthly Jan 2004 - Mar 2022
Domestic Credit (USD mn) 3,109.2 Mar 2022 monthly Jan 2005 - Mar 2022
Domestic Credit Growth (%) 14.6 Mar 2022 monthly Jan 2006 - Mar 2022
Household Debt (USD mn) 1,625.8 Mar 2022 monthly Dec 2004 - Mar 2022
Total Loans (USD mn) 3,815.666 Mar 2022 monthly Jan 2003 - Mar 2022
Total Loans Growth (%) 5.43 Mar 2022 monthly Jan 2004 - Mar 2022
Private Debt: % of Nominal GDP (%) 52.29 Dec 2021 quarterly Dec 2010 - Dec 2021
Bank Loans: Non Performing Loans (EUR th) 200,600.000 Apr 2018 monthly Dec 2010 - Apr 2018
Bank Loans: Residents: Households (EUR th) 1,188,990.000 Jun 2018 monthly Jan 2009 - Jun 2018
ME: Bank Non-Performing Loans to Total Gross Loans (%) 7.426 2018 yearly 2013 - 2018

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