Unemployment Rate in Montenegro decreased to 16.21 percent in December from 16.35 percent in November of 2019.

Unemployment Rate in Montenegro averaged 17.25 percent from 2002 until 2019, 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.

Unemployment Rate in Montenegro is expected to be 14.60 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 14.60 in 12 months time. In the long-term, the Montenegro Unemployment Rate is projected to trend around 14.10 percent in 2020, according to our econometric models.

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Montenegro Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
16.21 16.35 31.00 10.20 2002 - 2019 percent Monthly

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.

Montenegro Labour Last Previous Highest Lowest Unit
Unemployment Rate 16.21 16.35 31.00 10.20 percent [+]
Employed Persons 203123.00 202787.00 215181.00 109639.00 [+]
Wages 778.00 776.00 778.00 266.98 EUR/Month [+]
Population 0.62 0.62 0.63 0.47 Million [+]
Long Term Unemployment Rate 12.20 11.40 17.60 10.50 percent [+]
Wages In Manufacturing 604.00 594.00 827.00 574.00 EUR/Month [+]