Montenegro Labour Productivity Growth
2011 - 2023 | Quarterly | % | CEIC Data
Key information about Montenegro Labour Productivity Growth
- Montenegro Labour Productivity improved by 4.61 % YoY in Dec 2023, compared with a drop of 5.22 % in the previous quarter
- Montenegro Labour Productivity Growth data is updated quarterly, available from Mar 2011 to Dec 2023, averaging at 0.35 %
- The data reached an all-time high of 39.41 % in Jun 2021 and a record low of -14.01 % in Sep 2020
CEIC calculates Labour Productivity Growth from quarterly Real GDP Growth and quarterly Employment. The Statistical Office of Montenegro provides Real GDP Growth and Employment.
Further information about Montenegro Labour Productivity Growth
- In the latest reports, Montenegro Population reached 0.62 Person mn in Jun 2022
- Its Unemployment Rate increased to 12.20 % in Dec 2023
- Monthly Earnings of Montenegro stood at 1,065.07 USD in Sep 2023
- The country's Labour Force Participation Rate dropped to 63.70 % in Dec 2023
View Montenegro's Labour Productivity Growth from Mar 2011 to Dec 2023 in the chart:
What was Montenegro's Labour Productivity Growth in Dec 2023?
Montenegro Labour Productivity improved by 4.61 % YoY in Dec 2023, compared with a drop of 5.22 % in the previous quarter See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| -4.61 Dec 2023 | -5.22 Sep 2023 | -14.01 Sep 2020 | 39.41 Jun 2021 | % | quarterly | Mar 2011 - Dec 2023 |
Labour Productivity Growth by Country Comparison
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Includes Labour Productivity Growth on 116 economies standardised by CEIC. Instant access to full history data in excel.
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 0.65 Jun 2023 | quarterly | Mar 2010 - Jun 2023 |
| Algeria (%) | -4.67 2022 | yearly | 1992 - 2022 |
| Argentina (%) | -4.51 2023 | yearly | 1992 - 2023 |
| Armenia (%) | 4.42 Dec 2023 | quarterly | Mar 2009 - Dec 2023 |
| Australia (%) | -1.63 Dec 2023 | quarterly | Jun 1979 - Dec 2023 |
| Austria (%) | -2.26 Jun 2023 | quarterly | Mar 2005 - Jun 2023 |
| Azerbaijan (%) | -0.20 Dec 2023 | quarterly | Mar 2009 - Dec 2023 |
| Bahrain (%) | -3.36 Jun 2023 | quarterly | Mar 2009 - Jun 2023 |
| Bangladesh (%) | 5.11 2022 | yearly | 1992 - 2022 |
| Belarus (%) | 5.19 Dec 2023 | quarterly | Mar 2006 - Dec 2023 |
| Belgium (%) | 0.58 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
| Bolivia (%) | 0.41 2023 | yearly | 2000 - 2023 |
| Bosnia and Herzegovina (%) | -1.22 2023 | yearly | 2007 - 2023 |
| Botswana (%) | 7.29 Dec 2022 | quarterly | Sep 2008 - Dec 2022 |
| Brazil (%) | 1.52 2023 | yearly | 1992 - 2023 |
| Brunei (%) | -0.76 2022 | yearly | 1992 - 2022 |
| Bulgaria (%) | 0.68 Dec 2023 | quarterly | Mar 2001 - Dec 2023 |
| Cambodia (%) | 1.17 2021 | yearly | 2008 - 2021 |
| Canada (%) | -1.21 Dec 2023 | quarterly | Mar 1977 - Dec 2023 |
| Chile (%) | -0.85 Mar 2024 | quarterly | Mar 1987 - Mar 2024 |
| China (%) | 4.22 2023 | yearly | 1953 - 2023 |
| Colombia (%) | -0.32 Mar 2024 | quarterly | Mar 2002 - Mar 2024 |
| Croatia (%) | 11.05 Dec 2023 | quarterly | Mar 2008 - Dec 2023 |
| Cyprus (%) | 0.57 Dec 2023 | quarterly | Jun 2005 - Dec 2023 |
| Czech Republic (%) | 2.26 Dec 2023 | quarterly | Mar 1997 - Dec 2023 |
| Denmark (%) | -1.28 Mar 2024 | quarterly | Mar 1991 - Mar 2024 |
| Ecuador (%) | 0.87 2022 | yearly | 1992 - 2022 |
| Egypt (%) | -0.48 Dec 2023 | quarterly | Mar 2004 - Dec 2023 |
| Estonia (%) | -4.78 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
| European Union (%) | -1.07 Dec 2023 | quarterly | Mar 2006 - Dec 2023 |
| Finland (%) | -1.24 Dec 2023 | quarterly | Mar 1991 - Dec 2023 |
| France (%) | -1.25 2022 | yearly | 1979 - 2022 |
| Georgia (%) | 3.38 2023 | yearly | 1997 - 2023 |
| Germany (%) | -0.88 Dec 2023 | quarterly | Mar 1992 - Dec 2023 |
| Ghana (%) | -0.40 2022 | yearly | 1992 - 2022 |
| Greece (%) | 0.13 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
| Hong Kong SAR, China (%) | 1.70 Mar 2024 | quarterly | Dec 1982 - Mar 2024 |
| Hungary (%) | -0.80 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
| Iceland (%) | -2.99 Dec 2023 | quarterly | Mar 2004 - Dec 2023 |
| India (%) | 2.38 2022 | yearly | 1992 - 2022 |
| Indonesia (%) | 1.63 2023 | yearly | 2001 - 2023 |
| Iran (%) | -2.03 2022 | yearly | 1992 - 2022 |
| Ireland (%) | -11.70 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
| Israel (%) | -1.26 Mar 2024 | quarterly | Mar 2013 - Mar 2024 |
| Italy (%) | -1.13 Dec 2023 | quarterly | Mar 1997 - Dec 2023 |
| Ivory Coast (%) | 3.02 2022 | yearly | 1992 - 2022 |
| Japan (%) | -0.80 Mar 2024 | quarterly | Mar 1995 - Mar 2024 |
| Jordan (%) | 1.17 2021 | yearly | 2001 - 2021 |
| Kazakhstan (%) | 2.00 Sep 2023 | quarterly | Mar 2002 - Sep 2023 |
| Kenya (%) | -2.44 2021 | yearly | 2011 - 2021 |
| South Korea (%) | 2.29 Mar 2024 | quarterly | Sep 1983 - Mar 2024 |
| Kosovo (%) | -0.16 Jun 2023 | quarterly | Mar 2017 - Jun 2023 |
| Kuwait (%) | 1.29 2018 | yearly | 1993 - 2018 |
| Kyrgyzstan (%) | 7.14 2022 | yearly | 1993 - 2022 |
| Laos (%) | -0.89 2022 | yearly | 1992 - 2022 |
| Latvia (%) | 0.95 Dec 2023 | quarterly | Mar 2003 - Dec 2023 |
| Lebanon (%) | -9.16 2021 | yearly | 1992 - 2021 |
| Lithuania (%) | -2.31 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
| Luxembourg (%) | -2.36 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
| Macau SAR, China (%) | 80.89 Dec 2023 | quarterly | Mar 2002 - Dec 2023 |
| North Macedonia (%) | 1.24 Dec 2023 | quarterly | Mar 2005 - Dec 2023 |
| Malawi (%) | -4.08 2022 | yearly | 1992 - 2022 |
| Malaysia (%) | 2.05 Mar 2024 | quarterly | Mar 2001 - Mar 2024 |
| Malta (%) | 0.89 Dec 2023 | quarterly | Dec 2001 - Dec 2023 |
| Mauritius (%) | 7.38 Dec 2023 | quarterly | Mar 2005 - Dec 2023 |
| Mexico (%) | 0.52 Mar 2024 | quarterly | Jun 1996 - Mar 2024 |
| Moldova (%) | -1.25 Dec 2023 | quarterly | Mar 2001 - Dec 2023 |
| Mongolia (%) | -7.36 Mar 2024 | quarterly | Sep 2007 - Mar 2024 |
| Montenegro (%) | -4.61 Dec 2023 | quarterly | Mar 2011 - Dec 2023 |
| Morocco (%) | 5.72 2021 | yearly | 2000 - 2021 |
| Mozambique (%) | -0.29 2022 | yearly | 1992 - 2022 |
| Myanmar (%) | 63.00 2021 | yearly | 1992 - 2021 |
| Nepal (%) | 0.58 2022 | yearly | 1992 - 2022 |
| Netherlands (%) | -1.90 Mar 2024 | quarterly | Mar 1996 - Mar 2024 |
| New Zealand (%) | -3.14 Dec 2023 | quarterly | Jun 1988 - Dec 2023 |
| Nigeria (%) | 1.14 Sep 2018 | quarterly | Mar 2013 - Sep 2018 |
| Norway (%) | -1.36 Mar 2024 | quarterly | Mar 1996 - Mar 2024 |
| Oman (%) | -5.73 2022 | yearly | 1999 - 2022 |
| Pakistan (%) | -1.23 2019 | yearly | 2001 - 2019 |
| Palestinian Territory (%) | 1.78 Sep 2023 | quarterly | Dec 2009 - Sep 2023 |
| Panama (%) | 5.30 2022 | yearly | 1992 - 2022 |
| Paraguay (%) | 0.66 Dec 2023 | quarterly | Mar 2018 - Dec 2023 |
| Peru (%) | -1.00 2022 | yearly | 2002 - 2022 |
| Philippines (%) | -0.82 2022 | yearly | 1992 - 2022 |
| Poland (%) | 1.35 Dec 2023 | quarterly | Dec 1999 - Dec 2023 |
| Portugal (%) | 1.07 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
| Qatar (%) | -0.98 2019 | yearly | 2012 - 2019 |
| Romania (%) | 0.75 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
| Russia (%) | 3.11 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
| Saudi Arabia (%) | -3.93 2022 | yearly | 1971 - 2022 |
| Serbia (%) | 4.48 Dec 2023 | quarterly | Mar 2015 - Dec 2023 |
| Singapore (%) | 0.40 Mar 2024 | quarterly | Mar 1986 - Mar 2024 |
| Slovakia (%) | 1.55 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
| Slovenia (%) | 1.45 Mar 2024 | quarterly | Mar 1996 - Mar 2024 |
| South Africa (%) | -3.56 Dec 2023 | quarterly | Mar 2009 - Dec 2023 |
| Spain (%) | -0.53 Mar 2024 | quarterly | Mar 1996 - Mar 2024 |
| Sri Lanka (%) | 7.10 Dec 2023 | quarterly | Jun 2013 - Dec 2023 |
| Sudan (%) | 3.26 2010 | yearly | 1996 - 2010 |
| Sweden (%) | -1.16 Dec 2023 | quarterly | Mar 1994 - Dec 2023 |
| Switzerland (%) | -2.27 Dec 2023 | quarterly | Mar 2011 - Dec 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) | 14.611 Mar 2024 | monthly | Jan 2012 - Mar 2024 |
| Tax Revenue (USD mn) | 200.614 Mar 2024 | monthly | Jan 2012 - Mar 2024 |
| 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) | 6.396 2029 | yearly | 2002 - 2029 |
| Forecast: Government Revenue (EUR bn) | 3.914 2029 | yearly | 2002 - 2029 |
| General Govt Revenue: Cons: Taxes: Excises (EUR) | 21,994,790.370 Mar 2024 | monthly | Jan 2012 - Mar 2024 |
| General Government Revenue: Consolidated (EUR) | 245,475,116.530 Mar 2024 | monthly | Jan 2012 - Mar 2024 |
| General Govt Balance: Consolidated: Deficit or Surplus (EUR) | 13,441,787.120 Mar 2024 | monthly | Jan 2012 - Mar 2024 |
| General Govt Revenue: Cons: Taxes: Value Added Tax (EUR) | 78,800,496.590 Mar 2024 | monthly | Jan 2012 - Mar 2024 |
| General Govt Revenue: Cons: Taxes (EUR) | 184,557,374.950 Mar 2024 | monthly | Jan 2012 - Mar 2024 |
| General Govt Expenditure: Cons: ow Current (EUR) | 216,826,085.840 Mar 2024 | monthly | Jan 2012 - Mar 2024 |
| General Govt Expenditure: Consolidated (EUR) | 232,033,329.410 Mar 2024 | monthly | Jan 2012 - Mar 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) | -357.3 Apr 2024 | monthly | Jan 2005 - Apr 2024 |
| Total Exports (USD mn) | 46.5 Mar 2024 | monthly | Jan 2005 - Mar 2024 |
| Total Exports Growth (%) | -29.1 Mar 2024 | monthly | Jan 2006 - Mar 2024 |
| 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) | 415.3 Apr 2024 | monthly | Jan 2005 - Apr 2024 |
| Total Imports Growth (%) | 29.9 Apr 2024 | monthly | Jan 2006 - Apr 2024 |
| 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) | 0.275 Apr 2024 | monthly | Jan 2010 - Apr 2024 |
| Total Imports from USA (USD mn) | 4.571 Apr 2024 | monthly | Jan 2006 - Apr 2024 |
| Total Exports to China (USD mn) | 3.637 Mar 2024 | monthly | Jan 2010 - Mar 2024 |
| Total Imports from China (USD mn) | 57.149 Apr 2024 | monthly | Jan 2006 - Apr 2024 |
| Imports (EUR th) | 324,402.879 Mar 2024 | monthly | Jan 2005 - Mar 2024 |
| Exports (EUR th) | 42,812.547 Mar 2024 | monthly | Jan 2005 - Mar 2024 |
| Exports: Machinery & Transport Equipment (EUR th) | 4,226.892 Mar 2024 | monthly | Mar 2009 - Mar 2024 |
| Exports: Mineral Fuels, Lubricants & Related Materials (EUR th) | 8,932.120 Mar 2024 | monthly | Mar 2009 - Mar 2024 |
| Exports: Manufactured Goods (EUR th) | 4,882.269 Mar 2024 | monthly | Mar 2009 - Mar 2024 |
| Exports: Food & Live Animals (EUR th) | 3,878.022 Mar 2024 | monthly | Mar 2009 - Mar 2024 |
| Exports: Crude Materials: excl Fuels (EUR th) | 9,933.344 Mar 2024 | monthly | Mar 2009 - Mar 2024 |
| Exports: Europe: CEFTA: Serbia (EUR th) | 15,227.524 Mar 2024 | monthly | Mar 2009 - Mar 2024 |
| Exports: Europe: EU-28: Slovenia (EUR th) | 3,722.971 Mar 2024 | monthly | Mar 2009 - Mar 2024 |
| Imports: Miscellaneous Manufactured Goods (EUR th) | 47,074.450 Mar 2024 | monthly | Mar 2009 - Mar 2024 |
| Imports: Manufactured Goods (EUR th) | 54,650.234 Mar 2024 | monthly | Mar 2009 - Mar 2024 |
| Imports: Food & Live Animals (EUR th) | 61,191.907 Mar 2024 | monthly | Mar 2009 - Mar 2024 |
| Imports: Machinery & Transport Equipment (EUR th) | 82,576.189 Mar 2024 | monthly | Mar 2009 - Mar 2024 |
| Imports: Mineral Fuels, Lubricants & Related Materials (EUR th) | 25,657.813 Mar 2024 | monthly | Mar 2009 - Mar 2024 |
| Imports: Europe: EU-28: Greece (EUR th) | 15,422.677 Mar 2024 | monthly | Mar 2009 - Mar 2024 |
| Imports: Europe: CEFTA: Serbia (EUR th) | 55,688.437 Mar 2024 | monthly | Mar 2009 - Mar 2024 |
| Balance of Payments | Last | Frequency | Range |
|---|---|---|---|
| Direct Investment Abroad (USD mn) | 21.9 Mar 2024 | quarterly | Mar 2005 - Mar 2024 |
| Current Account Balance (USD mn) | -278.9 Mar 2023 | quarterly | Mar 2004 - Mar 2023 |
| Current Account Balance: % of GDP (%) | -24.6 Dec 2023 | quarterly | Mar 2010 - Dec 2023 |
| Foreign Direct Investment (USD mn) | 149.5 Mar 2024 | quarterly | Mar 2005 - Mar 2024 |
| Foreign Direct Investment: % of GDP (%) | 8.0 Dec 2023 | quarterly | Mar 2010 - Dec 2023 |
| Foreign Portfolio Investment (USD mn) | 736.682 Mar 2024 | quarterly | Mar 2005 - Mar 2024 |
| 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: Export (EUR th) | 120,372.138 Dec 2018 | quarterly | Mar 2010 - Dec 2018 |
| BoP: Current Account: Goods: Import (EUR th) | 645,611.036 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 |
| Balance of Payments (BoP): Current Account and Capital Account (EUR th) | -374,597.413 Dec 2018 | quarterly | Mar 2010 - Dec 2018 |
| Gross General Government External Debt (EUR mn) | 3,613.400 Jun 2023 | monthly | Dec 2010 - Jun 2023 |
| Foreign Direct Investment: Flow: Switzerland (EUR) | 18,559,843.260 2022 | yearly | 2001 - 2022 |
| Foreign Direct Investment: Flow: Russian Federation (EUR) | 27,472,844.110 2022 | yearly | 2001 - 2022 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 5.1 Feb 2024 | monthly | Aug 2010 - Feb 2024 |
| 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 Mar 2024 | monthly | Jan 2002 - Mar 2024 |
| Foreign Exchange Reserves (USD mn) | 1,881.6 Mar 2024 | monthly | Dec 2002 - Mar 2024 |
| Foreign Exchange Reserves: % of GDP (%) | 19.668 Dec 2023 | quarterly | Dec 2010 - Dec 2023 |
| Foreign Exchange Reserves: Months of Import (NA) | 5.3 Mar 2024 | monthly | Jan 2005 - Mar 2024 |
| Gold Reserves (USD mn) | 0.000 Mar 2024 | monthly | Dec 2002 - Mar 2024 |
| Total Deposits (USD mn) | 5,699.587 Apr 2024 | monthly | Jan 2003 - Apr 2024 |
| Total Deposits Growth (%) | 2.3 Apr 2024 | monthly | Jan 2004 - Apr 2024 |
| Domestic Credit (USD mn) | 3,303.6 Apr 2024 | monthly | Jan 2005 - Apr 2024 |
| Domestic Credit Growth (%) | -4.6 Apr 2024 | monthly | Jan 2006 - Apr 2024 |
| Household Debt (USD mn) | 1,895.8 Apr 2024 | monthly | Dec 2004 - Apr 2024 |
| Total Loans (USD mn) | 4,667.461 Apr 2024 | monthly | Jan 2003 - Apr 2024 |
| Total Loans Growth (%) | 11.84 Apr 2024 | monthly | Jan 2004 - Apr 2024 |
| Private Debt: % of Nominal GDP (%) | 43.41 Dec 2023 | quarterly | Dec 2010 - Dec 2023 |
| Bank Loans: Non Performing Loans (EUR th) | 200,600.000 Apr 2018 | monthly | Dec 2010 - Apr 2018 |
| Bank Loans: Residents: Households (EUR th) | 1,188,990.000 Jun 2018 | monthly | Jan 2009 - Jun 2018 |
| ME: Bank Non-Performing Loans to Total Gross Loans (%) | 7.426 2018 | yearly | 2013 - 2018 |
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