Montenegro: Share of industry

* indicates monthly or quarterly data series
 Montenegro

Value added by industry as percent of GDP

 Latest value 11.86
 Year 2023
 Measure percent
 Data availability 2000 - 2023
 Average 16.72
 Min - Max 11.86 - 22.31
 Source The World Bank
The latest value from 2023 is 11.86 percent, a decline from 12.97 percent in 2022. In comparison, the world average is 26.05 percent, based on data from 152 countries. Historically, the average for Montenegro from 2000 to 2023 is 16.72 percent. The minimum value, 11.86 percent, was reached in 2023 while the maximum of 22.31 percent was recorded in 2001. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
Montenegro - Share of industry - Recent values chart

Historical series
Montenegro - Share of industry - historical chart - 2000-2023




The importance of industry in the economy of Montenegro and other countries is measured as the value added of the industrial sector as percent of GDP. Industry includes mining, manufacturing, construction, electricity, water, and gas.
Definition: Industry (including construction) corresponds to ISIC divisions 05-43 and includes manufacturing (ISIC divisions 10-33). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 4. Note: For VAB countries, gross value added at factor cost is used as the denominator.

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 Related indicators Latest Reference Measure
 Share of industry 11.86 2023 percent
 Share of manufacturing 3.91 2022 percent
 Share of services 62.44 2023 percent
 Industry value added 0.88 2023 billion U.S. dollars
 Manufacturing value added 0.24 2022 billion U.S. dollars
 Services value added 4.62 2023 billion U.S. dollars
 Savings, percent of GDP 15.71 2023 percent
 Savings, in dollars 1.16 2023 billion U.S. dollars
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