Unemployment Rate in Montenegro increased to 24.32 percent in April from 23.83 percent in March of 2021. source: Statistical Office of Montenegro

Unemployment Rate in Montenegro averaged 17.38 percent from 2002 until 2021, reaching an all time high of 31 percent in April of 2002 and a record low of 10.20 percent in August of 2009. This page provides the latest reported value for - Montenegro Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Montenegro Unemployment Rate - values, historical data and charts - was last updated on June of 2021.

Unemployment Rate in Montenegro is expected to be 22.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Montenegro to stand at 17.50 in 12 months time. In the long-term, the Montenegro Unemployment Rate is projected to trend around 17.00 percent in 2022 and 16.00 percent in 2023, according to our econometric models.

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Montenegro Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
24.32 23.83 31.00 10.20 2002 - 2021 percent Monthly

Montenegro Labour Last Previous Highest Lowest Unit
Unemployment Rate 24.32 23.83 31.00 10.20 percent [+]
Employed Persons 154782.00 157355.00 215181.00 109639.00 [+]
Wages 790.00 785.00 791.00 266.98 EUR/Month [+]
Minimum Wages 331.33 331.33 331.33 288.05 EUR/Month [+]
Population 0.62 0.62 0.63 0.47 Million [+]
Wages In Manufacturing 574.00 573.00 827.00 573.00 EUR/Month [+]
Long Term Unemployment Rate 12.40 12.00 17.60 10.50 percent [+]


Montenegro Unemployment Rate
In Montenegro, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.