Montenegro: Share of industry
(measure: percent; Source: The World Bank)
* indicates monthly or quarterly data series
Montenegro: Value added by industry as percent of GDP: For that indicator, The World Bank provides data for Montenegro from 2000 to 2017. The average value for Montenegro during that period was 17.41 percent with a minumum of 14.3 percent in 2014 and a maximum of 22.31 percent in 2001. See the global rankings for that indicator or use the country comparator to compare trends over time.
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 corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). 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 3 or 4.