Unemployment rates: modeled vs. national estimates in Montenegro

Montenegro: Unemployment rates: modeled vs. national estimates was 11.5% in 2024. ▼ Falling

Latest (2024)
11.5%
Change on year
down 12.3%
World rank
20th
of 185 countries
All-time high
30.3%
in 2005
All-time low
11.5%
in 2024
Years of data
19
2005–2024

Unemployment rates: modeled vs. national estimates in Montenegro, 2005–2024

01020302005201420242005: 30.3 %2007: 19.3 %2008: 17.1 %2009: 19.1 %2010: 19.6 %2011: 19.8 %2012: 19.8 %2013: 19.6 %2014: 18.1 %2015: 17.6 %2016: 17.7 %2017: 16.1 %2018: 15.2 %2019: 15.1 %2020: 17.9 %2021: 16.5 %2022: 14.9 %2023: 13.1 %2024: 11.5 %

Source: Labour Force Statistics, via World Bank (2026) – processed by Our World in Data. Measured in %.

Analysis

In 2024, unemployment rates: modeled vs. national estimates in Montenegro stood at 11.5%. That is the lowest value across all 19 years on record.

The figure is down 12.3% on the previous year and down 36.1% over ten years.

Over the whole period, unemployment rates: modeled vs. national estimates in Montenegro peaked at 30.3% in 2005 and was at its lowest, 11.5%, in 2024.

Montenegro ranks 20th of 185 countries on this measure, in the top quarter.

The long-run direction has been consistently falling across the 19 years of available data.

Unemployment rates: modeled vs. national estimates in Montenegro, year by year

Annual values for Unemployment rates: modeled vs. national estimates in Montenegro, 2005 to 2024.
Year % Change
2005 30.3%
2007 19.3% -36.2%
2008 17.1% -11.3%
2009 19.1% +11.3%
2010 19.6% +2.9%
2011 19.8% +0.6%
2012 19.8% +0.2%
2013 19.6% -1.1%
2014 18.1% -7.8%
2015 17.6% -2.8%
2016 17.7% +1.0%
2017 16.1% -9.3%
2018 15.2% -5.5%
2019 15.1% -0.4%
2020 17.9% +18.2%
2021 16.5% -7.5%
2022 14.9% -10.2%
2023 13.1% -11.5%
2024 11.5% -12.3%

Montenegro compared with similar countries

  • Montenegro's 11.5% is above the median for upper middle income countries, which is 5.8%, 2.0× the median. (52 countries reporting)
  • Montenegro's 11.5% is above the median for Europe & Central Asia, which is 5.6%, 2.1× the median. (52 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
2000s 21.5% 17.1% 30.3% 4
2010s 17.9% 15.1% 19.8% 10
2020s 14.8% 11.5% 17.9% 5

Countries ranked near Montenegro

  1. 17 Zimbabwe 12.1% compare
  2. 18 Morocco 11.8% compare
  3. 19 Algeria 11.7% compare
  4. 21 North Macedonia 11.5% compare
  5. 22 Lebanon 11.3% compare
  6. 23 Cape Verde 11.3% compare

See the full ranking of 185 places →

More reference data data for Montenegro

All data for Montenegro →

Frequently asked questions

What is unemployment rates: modeled vs. national estimates in Montenegro?
Unemployment rates: modeled vs. national estimates in Montenegro was 11.5% in 2024, according to Labour Force Statistics, via World Bank (2026) – processed by Our World in Data.
What is the highest unemployment rates: modeled vs. national estimates recorded in Montenegro?
The highest recorded value was 30.3% in 2005.
What is the lowest unemployment rates: modeled vs. national estimates recorded in Montenegro?
The lowest recorded value was 11.5% in 2024.
How does Montenegro rank for unemployment rates: modeled vs. national estimates?
Montenegro ranks 20th out of 185 countries with data for 2024.
Is unemployment rates: modeled vs. national estimates rising or falling in Montenegro?
Over the last ten years it is down 36.1%. The long-run trend across the full record is falling.
Where does this Montenegro data come from?
The figures come from Labour Force Statistics, via World Bank (2026) – processed by Our World in Data, published as part of Unemployment rates: modeled vs. national estimates. Statizoid updates them automatically from the source API.

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Unemployment rates: modeled vs. national estimates in Montenegro. Statizoid, drawing on Labour Force Statistics, via World Bank (2026) – processed by Our World in Data. Retrieved 22 September 2026, from https://reference.statizoid.com/stat/ilo-national-vs-modeled-data/montenegro/

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About this data

Indicator
Unemployment rates: modeled vs. national estimates
Unit
%
Source
Labour Force Statistics, via World Bank (2026) – processed by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
185 places, 5,169 data points, 1960–2025
Last refreshed

Share of the labor force without work, but actively looking for a job and available to start soon. Figures refer to national estimates and may not be fully comparable across countries.