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 dropped to 63.7 % in Dec 2023, compared with 66.5 % in the previous quarter.
- Montenegro Labour Force Participation Rate is updated quarterly, available from Mar 2008 to Dec 2023, with an average rate of 53.4 % .
- 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 increased to 12.2 % in Dec 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 Dec 2023 in the chart:
What was Montenegro's Labour Force Participation Rate in Dec 2023?
Montenegro Labour Force Participation Rate dropped to 63.7 % in Dec 2023, compared with 66.5 % in the previous quarter. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 63.7 Dec 2023 | 66.5 Sep 2023 | 46.8 Jun 2021 | 66.5 Sep 2023 | % | quarterly | Mar 2008 - Dec 2023 |
Labour Force Participation Rate by Country Comparison
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Includes Labour Force Participation Rate on 115 economies standardised by CEIC. Instant access to full history data in excel.
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 64.5 Sep 2023 | quarterly | Mar 2012 - Sep 2023 |
| Algeria (%) | 41.7 2018 | yearly | 2003 - 2018 |
| Argentina (%) | 60.8 2023 | yearly | 1990 - 2023 |
| Armenia (%) | 61.7 Sep 2023 | quarterly | Mar 2008 - Sep 2023 |
| Australia (%) | 67.3 Feb 2024 | monthly | Feb 1978 - Feb 2024 |
| Austria (%) | 77.1 Jun 2022 | quarterly | Mar 2021 - Jun 2022 |
| Azerbaijan (%) | 70.2 2023 | yearly | 1990 - 2023 |
| Bahrain (%) | 71.9 2023 | yearly | 1990 - 2023 |
| Bangladesh (%) | 58.2 2023 | yearly | 1990 - 2023 |
| Belarus (%) | 86.8 2022 | yearly | 1995 - 2022 |
| Belgium (%) | 70.9 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
| Bolivia (%) | 77.7 Sep 2022 | quarterly | Dec 2015 - Sep 2022 |
| Bosnia and Herzegovina (%) | 47.8 2023 | yearly | 2006 - 2023 |
| Botswana (%) | 64.5 2023 | yearly | 1990 - 2023 |
| Brazil (%) | 62.0 Feb 2024 | monthly | Mar 2012 - Feb 2024 |
| Brunei (%) | 64.3 2023 | yearly | 1990 - 2023 |
| Bulgaria (%) | 56.1 Sep 2023 | quarterly | Jun 2000 - Sep 2023 |
| Cambodia (%) | 87.4 2020 | yearly | 2020 - 2020 |
| Canada (%) | 64.9 Mar 2024 | monthly | Jan 1976 - Mar 2024 |
| Chile (%) | 62.3 Feb 2024 | monthly | Mar 2009 - Feb 2024 |
| China (%) | 66.4 2023 | yearly | 1990 - 2023 |
| Colombia (%) | 63.8 Feb 2024 | monthly | Jan 2001 - Feb 2024 |
| Croatia (%) | 52.8 Dec 2023 | quarterly | Mar 2007 - Dec 2023 |
| Cyprus (%) | 64.9 Dec 2023 | quarterly | Jun 1999 - Dec 2023 |
| Czech Republic (%) | 60.2 Dec 2023 | quarterly | Mar 1993 - Dec 2023 |
| Denmark (%) | 74.6 Feb 2024 | monthly | Jan 2007 - Feb 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 (%) | 67.8 Feb 2024 | monthly | May 2004 - Feb 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 (%) | 68.8 2023 | yearly | 1990 - 2023 |
| Greece (%) | 59.7 Feb 2024 | monthly | Jan 2004 - Feb 2024 |
| Hong Kong SAR, China (%) | 57.0 Feb 2024 | monthly | Dec 1981 - Feb 2024 |
| Hungary (%) | 67.9 Dec 2023 | quarterly | Mar 2009 - Dec 2023 |
| Iceland (%) | 79.8 Feb 2024 | monthly | Jan 2003 - Feb 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 (%) | 62.6 Feb 2024 | monthly | Jan 2012 - Feb 2024 |
| Italy (%) | 48.2 Dec 2020 | monthly | Jan 2004 - Dec 2020 |
| Ivory Coast (%) | 64.4 2023 | yearly | 1990 - 2023 |
| Japan (%) | 62.8 Feb 2024 | monthly | Jan 1968 - Feb 2024 |
| Jordan (%) | 39.4 2023 | yearly | 1990 - 2023 |
| Kazakhstan (%) | 68.3 Dec 2023 | quarterly | Jun 2001 - Dec 2023 |
| Kenya (%) | 73.7 2023 | yearly | 1990 - 2023 |
| South Korea (%) | 63.6 Feb 2024 | monthly | Jun 1999 - Feb 2024 |
| Kosovo (%) | 39.5 Mar 2023 | quarterly | Mar 2016 - Mar 2023 |
| Kuwait (%) | 71.5 2023 | yearly | 1990 - 2023 |
| Kyrgyzstan (%) | 60.1 2022 | yearly | 1994 - 2022 |
| Laos (%) | 59.6 2023 | yearly | 1990 - 2023 |
| Latvia (%) | 68.6 Dec 2023 | quarterly | Mar 2002 - Dec 2023 |
| Lebanon (%) | 45.5 2023 | yearly | 1990 - 2023 |
| Lithuania (%) | 63.6 Dec 2023 | quarterly | Jun 1998 - Dec 2023 |
| Luxembourg (%) | 54.9 2022 | yearly | 2000 - 2022 |
| Macau SAR, China (%) | 67.7 Feb 2024 | monthly | Sep 1996 - Feb 2024 |
| North Macedonia (%) | 52.2 Dec 2023 | quarterly | Mar 2023 - Dec 2023 |
| Malawi (%) | 69.0 2023 | yearly | 1990 - 2023 |
| Malaysia (%) | 70.2 Jan 2024 | monthly | Jan 2010 - Jan 2024 |
| Malta (%) | 81.4 Dec 2023 | quarterly | Mar 2018 - Dec 2023 |
| Mauritius (%) | 58.7 Dec 2023 | quarterly | Mar 2004 - Dec 2023 |
| Mexico (%) | 60.2 Feb 2024 | monthly | Jan 2005 - Feb 2024 |
| Moldova (%) | 44.7 Dec 2023 | quarterly | Mar 2015 - Dec 2023 |
| Mongolia (%) | 57.6 Dec 2023 | quarterly | Sep 2006 - Dec 2023 |
| Montenegro (%) | 63.7 Dec 2023 | quarterly | Mar 2008 - Dec 2023 |
| Morocco (%) | 44.8 Jun 2023 | quarterly | Mar 1999 - Jun 2023 |
| Mozambique (%) | 79.0 2023 | yearly | 1990 - 2023 |
| Myanmar (%) | 59.4 2020 | yearly | 1991 - 2020 |
| Nepal (%) | 40.5 2023 | yearly | 1990 - 2023 |
| Netherlands (%) | 72.9 Feb 2024 | monthly | Jan 2003 - Feb 2024 |
| New Zealand (%) | 72.2 Dec 2023 | quarterly | Mar 1986 - Dec 2023 |
| Nigeria (%) | 59.1 2023 | yearly | 1990 - 2023 |
| Norway (%) | 65.3 2022 | yearly | 1989 - 2022 |
| Oman (%) | 68.3 2023 | yearly | 1990 - 2023 |
| 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 (%) | 61.1 Jan 2024 | quarterly | Jul 2003 - Jan 2024 |
| 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 (%) | 68.3 Jan 2024 | monthly | Aug 2009 - Jan 2024 |
| Saudi Arabia (%) | 61.7 Mar 2023 | quarterly | Jun 2016 - Mar 2023 |
| Serbia (%) | 55.8 Jun 2023 | quarterly | Mar 2014 - Jun 2023 |
| Slovakia (%) | 62.5 Dec 2023 | quarterly | Mar 2021 - Dec 2023 |
| Slovenia (%) | 58.6 Dec 2023 | quarterly | Mar 2008 - Dec 2023 |
| South Africa (%) | 60.0 Dec 2023 | quarterly | Mar 2008 - Dec 2023 |
| Spain (%) | 59.0 Dec 2023 | quarterly | Sep 1976 - Dec 2023 |
| Sri Lanka (%) | 47.1 Dec 2023 | quarterly | Mar 2004 - Dec 2023 |
| Sudan (%) | 47.6 2023 | yearly | 1990 - 2023 |
| Sweden (%) | 74.5 Feb 2024 | monthly | Apr 2005 - Feb 2024 |
| Switzerland (%) | 68.0 Dec 2023 | quarterly | Mar 2010 - Dec 2023 |
| Syria (%) | 38.7 2023 | yearly | 1990 - 2023 |
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| 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 Government Revenue: Consolidated (EUR) | 256,012,257.490 Dec 2023 | monthly | Jan 2012 - Dec 2023 |
| General Govt Revenue: Cons: Taxes: Excises (EUR) | 22,366,846.550 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 |
| General Govt Revenue: Cons: Taxes: Value Added Tax (EUR) | 81,980,319.980 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 Govt Expenditure: Consolidated (EUR) | 214,470,792.860 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 |
| 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: Mineral Fuels, Lubricants & Related Materials (EUR th) | 11,409.210 Feb 2024 | monthly | Mar 2009 - Feb 2024 |
| Exports: Manufactured Goods (EUR th) | 10,205.156 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: Food & Live Animals (EUR th) | 3,589.306 Feb 2024 | monthly | Mar 2009 - Feb 2024 |
| Exports: Europe: CEFTA: Serbia (EUR th) | 17,885.372 Feb 2024 | monthly | Mar 2009 - Feb 2024 |
| Exports: Europe: EU-28: Slovenia (EUR th) | 3,646.741 Feb 2024 | monthly | Mar 2009 - Feb 2024 |
| Imports: Miscellaneous Manufactured Goods (EUR th) | 42,690.952 Feb 2024 | monthly | Mar 2009 - Feb 2024 |
| Imports: Manufactured Goods (EUR th) | 52,319.526 Feb 2024 | monthly | Mar 2009 - Feb 2024 |
| Imports: Food & Live Animals (EUR th) | 55,315.303 Feb 2024 | monthly | Mar 2009 - Feb 2024 |
| Imports (EUR th) | 345,099.221 Sep 2023 | monthly | Jan 2005 - Sep 2023 |
| 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: Europe: CEFTA: Serbia (EUR th) | 47,843.029 Feb 2024 | monthly | Mar 2009 - Feb 2024 |
| Imports: Europe: EU-28: Greece (EUR th) | 16,962.572 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: Financial Account: Change in Central Bank Reserves (EUR th) | -9,057.098 Dec 2018 | quarterly | Mar 2010 - Dec 2018 |
| BoP: Current Account: Goods: Export (EUR th) | 120,372.138 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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