Montenegro: Unemployment rate

* indicates monthly or quarterly data series
 Montenegro

Unemployment rate

 Latest value 15.4
 Year 2022
 Measure percent
 Data availability 1991 - 2022
 Average 22.88
 Min - Max 15.13 - 30.31
 Source The World Bank
For that indicator, we provide data for Montenegro from 1991 to 2022. The average value for Montenegro during that period was 22.88 percent with a minimum of 15.13 percent in 2019 and a maximum of 30.31 percent in 2005. The latest value from 2022 is 15.4 percent. For comparison, the world average in 2022 based on 176 countries is 7.45 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series


Recent values chart
Montenegro - Unemployment rate - recent values

Historical chart
Montenegro - Unemployment rate - historical chart - 1991-2022




The unemployment rate in Montenegro and other countries is defined as the number of unemployed people as percent of the labor force. The labor force includes the people who are either employed or unemployed, i.e. who don't have a job but are actively looking for one. The labor force does not include people who are not looking for work, children, and the retired.

The unemployment rate seldom declines below 4-5 percent even during boom times. There are always people who move between different sectors of the economy or between cities. When the economy goes into recession, then unemployment can reach much higher numbers, sometimes even in the double digits.
Definition: Unemployment refers to the share of the labor force that is without work but available for and seeking employment.


 Related indicators Latest value Reference Measure
 Labor force 0.29 2022 million people
 Unemployment rate 15.40 2022 percent
 Female unemployment 16.17 2022 percent
 Male unemployment 14.75 2022 percent
 Youth unemployment 28.26 2022 percent
 Labor force participation 56.58 2022 percent
 Labor force: percent female 45.69 2022 percent
 Female labor force participation 49.70 2022 percent
 Male labor force participation 64.04 2022 percent
 Employment 0.29 Q3/2023 million employed people
 Unemployment rate 11.80 Q3/2023 percent
 Labor cost 129.95 9/2023 index points
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