Montenegro Labour Productivity Growth

2011 - 2023 | Quarterly | % | CEIC Data

Key information about Montenegro Labour Productivity Growth

  • Montenegro Labour Productivity dropped by 5.22 % YoY in Sep 2023, compared with a drop of 3.56 % in the previous quarter
  • Montenegro Labour Productivity Growth data is updated quarterly, available from Mar 2011 to Sep 2023, averaging at 0.36 %
  • The data reached an all-time high of 39.41 % 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 2022
  • Its Unemployment Rate dropped to 11.80 % in Sep 2023
  • Monthly Earnings of Montenegro stood at 1,065.07 USD in Sep 2023
  • The country's Labour Force Participation Rate increased to 66.50 % in Sep 2023

View Montenegro's Labour Productivity Growth from Mar 2011 to Sep 2023 in the chart:

Montenegro Labour Productivity Growth

What was Montenegro's Labour Productivity Growth in Sep 2023?

Montenegro Labour Productivity dropped by 5.22 % YoY in Sep 2023, compared with a drop of 3.56 % in the previous quarter See the table below for more data.

Last Previous Min Max Unit Frequency Range
-5.22 Sep 2023 -3.56 Jun 2023 -14.01 Sep 2020 39.41 Jun 2021 % quarterly Mar 2011 - Sep 2023

Labour Productivity Growth by Country Comparison

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Includes Labour Productivity Growth on 116 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (%) 0.50 Jun 2023 quarterly Mar 2010 - Jun 2023
Algeria (%) -4.67 2022 yearly 1992 - 2022
Argentina (%) -3.50 2022 yearly 1992 - 2022
Armenia (%) 5.60 Sep 2023 quarterly Mar 2009 - Sep 2023
Australia (%) -0.56 Sep 2023 quarterly Jun 1979 - Sep 2023
Austria (%) -2.26 Jun 2023 quarterly Mar 2005 - Jun 2023
Azerbaijan (%) 0.47 Sep 2023 quarterly Mar 2009 - Sep 2023
Bahrain (%) -3.69 Jun 2023 quarterly Mar 2009 - Jun 2023
Bangladesh (%) 5.11 2022 yearly 1992 - 2022
Belarus (%) 7.87 Sep 2023 quarterly Mar 2006 - Sep 2023
Belgium (%) 1.00 Sep 2023 quarterly Mar 2000 - Sep 2023
Bolivia (%) -0.64 2022 yearly 2000 - 2022
Bosnia and Herzegovina (%) 3.24 2022 yearly 2007 - 2022
Botswana (%) 7.30 Dec 2022 quarterly Sep 2008 - Dec 2022
Brazil (%) 1.52 2023 yearly 1992 - 2023
Brunei (%) -0.76 2022 yearly 1992 - 2022
Bulgaria (%) 0.67 Jun 2023 quarterly Mar 2001 - Jun 2023
Cambodia (%) 1.17 2021 yearly 2008 - 2021
Canada (%) -1.21 Dec 2023 quarterly Mar 1977 - Dec 2023
Chile (%) -1.31 Sep 2023 quarterly Mar 1987 - Sep 2023
China (%) 4.22 2023 yearly 1953 - 2023
Colombia (%) -2.02 Dec 2023 quarterly Mar 2002 - Dec 2023
Croatia (%) 8.79 Jun 2023 quarterly Mar 2008 - Jun 2023
Cyprus (%) 0.57 Dec 2023 quarterly Jun 2005 - Dec 2023
Czech Republic (%) 1.06 Sep 2023 quarterly Mar 1997 - Sep 2023
Denmark (%) 2.32 Dec 2023 quarterly Mar 1991 - Dec 2023
Ecuador (%) 0.87 2022 yearly 1992 - 2022
Egypt (%) -0.59 Jun 2023 quarterly Mar 2004 - Jun 2023
Estonia (%) -4.78 Dec 2023 quarterly Mar 1996 - Dec 2023
European Union (%) -0.80 Jun 2023 quarterly Mar 2006 - Jun 2023
Finland (%) -1.24 Dec 2023 quarterly Mar 1991 - Dec 2023
France (%) -0.19 2022 yearly 1979 - 2022
Georgia (%) 4.42 2022 yearly 1997 - 2022
Germany (%) -0.88 Dec 2023 quarterly Mar 1992 - Dec 2023
Ghana (%) -0.40 2022 yearly 1992 - 2022
Greece (%) 1.63 Jun 2023 quarterly Mar 1996 - Jun 2023
Hong Kong SAR, China (%) 4.63 Dec 2023 quarterly Dec 1982 - Dec 2023
Hungary (%) -0.78 Dec 2023 quarterly Mar 1999 - Dec 2023
Iceland (%) -2.99 Dec 2023 quarterly Mar 2004 - Dec 2023
India (%) 2.38 2022 yearly 1992 - 2022
Indonesia (%) 1.63 2023 yearly 2001 - 2023
Iran (%) -2.03 2022 yearly 1992 - 2022
Ireland (%) -11.70 Dec 2023 quarterly Mar 1999 - Dec 2023
Israel (%) -6.07 Dec 2023 quarterly Mar 2013 - Dec 2023
Italy (%) -1.13 Dec 2023 quarterly Mar 1997 - Dec 2023
Ivory Coast (%) 3.02 2022 yearly 1992 - 2022
Japan (%) 0.49 Dec 2023 quarterly Mar 1995 - Dec 2023
Jordan (%) 1.17 2021 yearly 2001 - 2021
Kazakhstan (%) 2.00 Sep 2023 quarterly Mar 2002 - Sep 2023
Kenya (%) -2.44 2021 yearly 2011 - 2021
South Korea (%) 1.11 Dec 2023 quarterly Sep 1983 - Dec 2023
Kosovo (%) -0.46 Mar 2023 quarterly Mar 2017 - Mar 2023
Kuwait (%) 1.29 2018 yearly 1993 - 2018
Kyrgyzstan (%) 4.55 2022 yearly 1993 - 2022
Laos (%) -0.89 2022 yearly 1992 - 2022
Latvia (%) -1.41 Jun 2023 quarterly Mar 2003 - Jun 2023
Lebanon (%) -9.16 2021 yearly 1992 - 2021
Lithuania (%) -2.16 Dec 2023 quarterly Mar 1996 - Dec 2023
Luxembourg (%) -3.69 Sep 2023 quarterly Mar 1996 - Sep 2023
Macau SAR, China (%) 80.89 Dec 2023 quarterly Mar 2002 - Dec 2023
North Macedonia (%) 1.22 Sep 2023 quarterly Mar 2005 - Sep 2023
Malawi (%) -4.08 2022 yearly 1992 - 2022
Malaysia (%) 0.46 Dec 2023 quarterly Mar 2001 - Dec 2023
Malta (%) 2.07 Sep 2023 quarterly Dec 2001 - Sep 2023
Mauritius (%) 4.55 Sep 2023 quarterly Mar 2005 - Sep 2023
Mexico (%) 0.64 Dec 2023 quarterly Jun 1996 - Dec 2023
Moldova (%) -4.49 Jun 2023 quarterly Mar 2001 - Jun 2023
Mongolia (%) 3.77 Dec 2023 quarterly Sep 2007 - Dec 2023
Montenegro (%) -5.22 Sep 2023 quarterly Mar 2011 - Sep 2023
Morocco (%) 5.72 2021 yearly 2000 - 2021
Mozambique (%) -0.29 2022 yearly 1992 - 2022
Myanmar (%) 63.00 2021 yearly 1992 - 2021
Nepal (%) 0.58 2022 yearly 1992 - 2022
Netherlands (%) -1.26 Dec 2023 quarterly Mar 1996 - Dec 2023
New Zealand (%) -4.09 Sep 2023 quarterly Jun 1988 - Sep 2023
Nigeria (%) 1.14 Sep 2018 quarterly Mar 2013 - Sep 2018
Norway (%) -0.17 Dec 2023 quarterly Mar 1996 - Dec 2023
Oman (%) -5.73 2022 yearly 1999 - 2022
Pakistan (%) -1.23 2019 yearly 2001 - 2019
Palestinian Territory (%) 1.78 Sep 2023 quarterly Dec 2009 - Sep 2023
Panama (%) 5.30 2022 yearly 1992 - 2022
Paraguay (%) 1.10 Sep 2023 quarterly Mar 2018 - Sep 2023
Peru (%) -1.00 2022 yearly 2002 - 2022
Philippines (%) -0.82 2022 yearly 1992 - 2022
Poland (%) 1.43 Dec 2023 quarterly Dec 1999 - Dec 2023
Portugal (%) 0.97 Dec 2023 quarterly Mar 1996 - Dec 2023
Qatar (%) -0.98 2019 yearly 2012 - 2019
Romania (%) 3.04 Jun 2023 quarterly Mar 1996 - Jun 2023
Russia (%) 2.89 Sep 2023 quarterly Mar 1996 - Sep 2023
Saudi Arabia (%) -3.93 2022 yearly 1971 - 2022
Serbia (%) 4.48 Dec 2023 quarterly Mar 2015 - Dec 2023
Singapore (%) -0.80 Dec 2023 quarterly Mar 1986 - Dec 2023
Slovakia (%) 1.29 Jun 2023 quarterly Mar 1996 - Jun 2023
Slovenia (%) 0.07 Sep 2023 quarterly Mar 1996 - Sep 2023
South Africa (%) -3.56 Dec 2023 quarterly Mar 2009 - Dec 2023
Spain (%) -1.53 Dec 2023 quarterly Mar 1996 - Dec 2023
Sri Lanka (%) 1.62 Sep 2023 quarterly Jun 2013 - Sep 2023
Sudan (%) 3.26 2010 yearly 1996 - 2010
Sweden (%) -1.16 Dec 2023 quarterly Mar 1994 - Dec 2023
Switzerland (%) -2.27 Dec 2023 quarterly Mar 2011 - Dec 2023

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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 Govt Balance: Consolidated: Deficit or Surplus (EUR) -144,969,510.730 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 Revenue: Cons: Taxes: Value Added Tax (EUR) 87,929,424.080 Dec 2023 monthly Jan 2012 - Dec 2023
General Government Revenue: Consolidated (EUR) 255,979,035.020 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
General Govt Revenue: Cons: Taxes (EUR) 137,012,115.600 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: Mineral Fuels, Lubricants & Related Materials (EUR th) 9,039.979 Sep 2023 monthly Mar 2009 - 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: 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: Food & Live Animals (EUR th) 63,956.749 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: 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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