Aggregate replacement ratio for pensions (excluding other social) in Montenegro

Montenegro: Aggregate replacement ratio for pensions (excluding other social) was 0.44 in 2023. β–¬ Flat

Latest (2023)
0.44
Change on year
up 15.8%
World rank
27th
of 35 countries
All-time high
0.46
in 2018
All-time low
0.38
in 2022
Years of data
11
2013–2023

Aggregate replacement ratio for pensions (excluding other social) in Montenegro, 2013–2023

00.10.20.30.40.52013201820232013: 0.412014: 0.42015: 0.412016: 0.422017: 0.422018: 0.462019: 0.432020: 0.452021: 0.392022: 0.382023: 0.44

Source: Eurostat.

Analysis

Montenegro recorded 0.44 for aggregate replacement ratio for pensions (excluding other social) in 2023.

The figure is up 15.8% on the previous year and up 7.3% over ten years.

Over the whole period, aggregate replacement ratio for pensions (excluding other social) in Montenegro peaked at 0.46 in 2018 and was at its lowest, 0.38, in 2022.

That places Montenegro 27th out of 35 countries with data for 2023, putting it in the bottom quarter.

Averages by decade

DecadeAverage LowestHighest Years
2010s 0.4214 0.4 0.46 7
2020s 0.415 0.38 0.45 4

Countries ranked near Montenegro

  1. 25 Bulgaria 0.46 compare
  2. 25 Denmark 0.46 compare
  3. 28 Latvia 0.43 compare
  4. 28 Serbia 0.43 compare
  5. 30 Cyprus 0.41 compare
  6. 30 Slovenia 0.41 compare

See the full ranking of 38 places β†’

More reference data data for Montenegro

All data for Montenegro β†’

Frequently asked questions

What is aggregate replacement ratio for pensions (excluding other social) in Montenegro?
Aggregate replacement ratio for pensions (excluding other social) in Montenegro was 0.44 in 2023, according to Eurostat.
What is the highest aggregate replacement ratio for pensions (excluding other social) recorded in Montenegro?
The highest recorded value was 0.46 in 2018.
What is the lowest aggregate replacement ratio for pensions (excluding other social) recorded in Montenegro?
The lowest recorded value was 0.38 in 2022.
How does Montenegro rank for aggregate replacement ratio for pensions (excluding other social)?
Montenegro ranks 27th out of 35 countries with data for 2023.
Is aggregate replacement ratio for pensions (excluding other social) rising or falling in Montenegro?
Over the last ten years it is up 7.3%. The long-run trend across the full record is flat.
Where does this Montenegro data come from?
The figures come from Eurostat, published as part of Aggregate replacement ratio for pensions (excluding other social benefits) by sex. Statizoid updates them automatically from the source API.

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Aggregate replacement ratio for pensions (excluding other social) in Montenegro. Statizoid, drawing on Eurostat. Retrieved 20 August 2026, from https://reference.statizoid.com/stat/aggregate-replacement-ratio-for-pensions-excluding-other-social-benefits-by-sex/montenegro/

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About this data

Indicator
Aggregate replacement ratio for pensions (excluding other social benefits) by sex
Source
Eurostat
Licence
CC BY 4.0 (Eurostat)
Coverage
38 places, 574 data points, 2010–2025
Last refreshed