Montenegro: Labor cost
* indicates monthly or quarterly data series
The most recent value is 156.51 index points as of April 2025, an increase compared to the previous value of 155.6 index points. Historically, the average for Montenegro from December 2010 to April 2025 is 105.39 index points. The minimum of 91.8 index points was recorded in April 2011, while the maximum of 156.9 index points was reached in December 2024.
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* indicates monthly or quarterly data series
- Measure: index points
- Source: Statistical Office of Montenegro
| Recent values | Montenegro: Labor cost index |
|---|---|
| 2025 Apr | 156.51 |
| 2025 Mar | 155.6 |
| 2025 Feb | 155.6 |
| 2025 Jan | 155.99 |
| 2024 Dec | 156.9 |
| 2024 Nov | 154.04 |
| 2024 Oct | 148.05 |
| 2024 Sep | 143.49 |
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Definition: The index reflects the level of the total compensation of employees in the economy. Labor costs are defined as core expenditure borne by employers for the purpose of employing staff. They include employee compensation, with wages and salaries in cash and in kind, employers' social security contributions and employment taxes regarded as labor costs minus any subsidies received.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Labor force | 0.28 | 2023 | million people |
| Unemployment rate | 15.25 | 2023 | percent |
| Female unemployment | 14.70 | 2023 | percent |
| Male unemployment | 15.72 | 2023 | percent |
| Youth unemployment | 27.93 | 2023 | percent |
| Labor force participation | 56.46 | 2023 | percent |
| Labor force: percent female | 45.55 | 2023 | percent |
| Female labor force participation | 49.44 | 2023 | percent |
| Male labor force participation | 64.07 | 2023 | percent |
| Self-employment | 21.06 | 2022 | percent |
| Employment | 0.27 | Q1/2025 | million employed people |
| Unemployment rate | 11.20 | Q1/2025 | percent |
| Labor cost | 156.51 | 4/2025 | index points |