Unemployment Rate in Montenegro increased to 19.30 percent in October from 18.70 percent in September of 2020. source: Statistical Office of Montenegro

Unemployment Rate in Montenegro averaged 17.25 percent from 2002 until 2020, 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 December of 2020.

Unemployment Rate in Montenegro is expected to be 21.00 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 19.00 in 12 months time. In the long-term, the Montenegro Unemployment Rate is projected to trend around 18.00 percent in 2021 and 16.00 percent in 2022, according to our econometric models.

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Montenegro Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
19.30 18.70 31.00 10.20 2002 - 2020 percent Monthly

Montenegro Labour Last Previous Highest Lowest Unit
Unemployment Rate 19.30 18.70 31.00 10.20 percent [+]
Employed Persons 168778.00 172154.00 215181.00 109639.00 [+]
Wages 783.00 782.00 787.00 266.98 EUR/Month [+]
Population 0.62 0.62 0.63 0.47 Million [+]
Wages In Manufacturing 603.00 601.00 827.00 574.00 EUR/Month [+]
Long Term Unemployment Rate 12.70 12.20 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.